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Tag Archives: Equitable Recovery

Racial equity in U.S. data collection improves the accuracy of research, policy evaluation, and subsequent policymaking

The U.S. economy and society are rife with racial and ethnic inequalities, from wealth and income divides to disparities in health and well-being, education, and employment outcomes. These racial and ethnic inequalities are a result of centuries of systemic racism and discrimination, which prevents people of color from moving to better-paying work, accumulating wealth, and otherwise developing and fully deploying their human capital in the U.S. economy and labor market. These...

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Diversity in economics and data disaggregation can improve our understanding of the U.S. economy

Economics as a field is beleaguered by a diversity problem. This is not a new phenomenon, but diversity-related issues are now more widely discussed within many organizations and professional disciplines, including among economists, in light of how COVID-19 and the unraveling of the U.S. economy exposed sustained racial and social inequities alongside ongoing systemic discrimination and violence against Black Americans and other Americans of color. The lack of representation in...

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Equitable Growth president and CEO addresses conference attendees in first public appearance

Our recent policy conference, “Equitable Growth 2021: Evidence for a Stronger Economic Future,” brought together policymakers, academics, advocates, and thought leaders to discuss the best evidence-based ideas for building a stronger economic future for all Americans. The key themes of the 2-day conference included outlining a vision for sustained public investment in structures and institutions to spur equitable economic growth, with a focus on Black and Indigenous workers and...

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A cost-benefit analysis of The American Families Plan’s proposed investment in a nationwide public preschool program

Fast facts President Joe Biden asked the U.S. Congress to consider investing $200 billion over 10 years in “a national partnership with states to offer free, high-quality, accessible, and inclusive preschool to all three- and four-year-olds, benefitting five million children.” This report calculates the 10-year costs and benefits of such a program. To understand the long-run implications of such a program, the analysis is then extended to a 35-year period. The key findings are:...

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Completing the unfinished New Deal to overcome 21st century U.S. economic inequality

President Joe Biden wants Congress to enact his two signature legislative packages—the $1 trillion bipartisan physical infrastructure plan passed by the U.S. Senate earlier in August and a $3.5 trillion social infrastructure package currently being crafted by Democratic congressional leaders. President Biden argues that these investments are needed to ensure the U.S. economy “builds back better” as it recovers from the coronavirus recession. But even President Biden’s “big”...

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Coronavirus disruptions in family caregiving highlight the importance of investments in U.S. care infrastructure and paid leave

Most workers in the United States at some point over the course of their lives will take on multiple unpaid caregiving responsibilities, be it caring for a child, an elderly parent, or an ailing relative. This can be highly rewarding and meaningful work, but it also can be incredibly challenging, particularly for those trying to balance these responsibilities with paid work. The coronavirus pandemic highlights anew some of these work-life challenges, particularly as relates to...

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Congress needs distribution analyses to make informed, equitable policy choices, and the CBO FAIR Scoring Act would deliver it

Before voting on legislation, members of Congress usually receive a cost estimate, or score, for that legislation from the Congressional Budget Office. This score provides nonpartisan CBO analysts’ best estimate of how the legislation will affect the federal budget deficit. A cost estimate is useful information for legislators, but it represents only one side of the equation. Costs are incurred to deliver benefits, yet members of Congress rarely receive analysis to assess who will...

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July Jobs report: Job growth ramps up, but the construction sector struggles

The recovery in the labor market continued to pick-up steam as the U.S. economy added 943,000 jobs last month, according to the most recent Employment Situation Summary released today by the U.S. Department of Labor’s Bureau of Labor Statistics. The unemployment rate fell from 5.9 percent in June to 5.4 percent in July and the share of the U.S. population ages 25 to 54 with a job—a measure known as the prime-age employment-to-population ratio—climbed from 77.2 percent to 77.8...

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Weak income support infrastructure harms U.S. workers and their families and constrains economic growth

Overview The coronavirus public health emergency and resulting economic recession brought into stark relief the engrained problems with the system of income support for U.S. workers and their families. People in the United States access income support from a wide range of programs, including Social Security, Unemployment Insurance, the Earned Income Tax Credit, and the Temporary Assistance to Needy Families program, to name a few. Despite the number of programs that make up our...

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June jobs report: What the coronavirus recession means for foreign-born workers in the United States

June was a month of strong employment gains. According to the U.S. Bureau of Labor Statistics’ latest Employment Situation Summary, the economy added 850,000 jobs between mid-May and mid-June, well above the average month-to-month growth of 540,000 jobs of the previous 3 months. The prime-age employment-to-population ratio, a measure that captures the share of U.S. adults between the ages of 25 and 54 who are employed, increased slightly from 77.1 percent to 77.2 percent. Amid a...

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