The left-leaning National Bureau of Economic Research conducted a guaranteed income study that showed when people work less, they still have less money.
The study was titled “The Employment Effects of a Guaranteed Income: Experimental Evidence from Two U.S. States” and came out last month.
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Giving Americans $1,000 per month in taxpayer-funded guaranteed income makes them worse off, says a new three-year, 3000-participant study. The National Bureau of Economic Research’s massive study found recipients and their partners work and earn less, with the negative effect on wages and earnings getting worse over time.
While proponents of universal basic income theorized such programs would improve non-economic metrics for recipients, the study surprisingly showed leisure time only increased as recipients spent less time on sleeping, child care, community engagement, caring for others, and self improvement. Transfers also reduced recipients’ non-transfer incomes significantly, with the study finding “for every one dollar received, total household income excluding the transfers fell by at least 21 cents, and total individual income fell by at least 12 cents.”
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In his book Economics in One Lesson, Henry Hazlitt makes a famous distinction between good and bad economists:
The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. The bad economist sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups.
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The Biden administration appears poised to put the government’s thumb on the scale in the 2024 election, House Republicans say.
The administration’s lack of transparency about implementing President Joe Biden’s executive order for federal agencies to help get out the vote—combined with a warning from Attorney General Merrick Garland—has sparked some concern among lawmakers.
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Learning losses for Michigan students during the COVID-19 pandemic could result in a combined lifetime income loss exceeding $19 billion, according to research from Harvard and Stanford universities.
The Education Recovery Scorecard was released this week by Harvard’s Center for Education Policy Research and the Educational Opportunity Project at Stanford. The scorecard measures learning loss in 40 states between 2019 and 2022, and estimates how much earnings will be subtracted from students’ lifetime earnings.
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A lot of us likely remember the glee we felt as children at the onset of summer vacation, followed by the anxious anticipation of back-to-school time. For some children and teenagers, the start of a new school year generates intolerable levels of anxiety and depression. For a desperate portion of these young people, suicide seems like the only exit.
A new study, published this month by the National Bureau of Economic Research (NBER), finds a striking correlation between attendance in school and incidences of youth suicides. Analyzing several pre- and post-pandemic data sets, the researchers conclude “that youth suicides are closely tied with in-person school attendance.” According to the paper’s authors, youth suicides fall during the summer months and rise again when school begins. Notably, they found that in areas of the US where school begins in August, youth suicide rates also increase in August, while in areas that begin school in September, the youth suicide rate doesn’t increase until then.
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by Debra Heine The White House is being accused of gaslighting the American people with “Soviet levels of propaganda” as Biden officials attempt to change the definition of recession amid economic data that shows the United States is entering into a recession. A recession is traditionally defined as two…
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This week, the United States officially hit the sad mark of one million COVID-19 deaths. The mainstream media coverage has detailed how this death toll has varied based on age, race, and vaccination status. However, it has conspicuously ignored how these COVID-19 deaths have occurred independently of differing state policies regarding economic and education restrictions.
Many Democrat-run states imposed severe restrictions in 2020 and 2021 that did nothing to stop the virus and much to harm small businesses and ordinary Americans. Job Creators Network called on policymakers to “flatten the fear” when it became clear the virus couldn’t be controlled by hiding at home or a big government response, yet we were ignored by blue-state officials. Any reckoning of the nation’s COVID response at one million deaths must incorporate these unforced errors that exacerbated the pandemic’s wrath.
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