New research on the Paycheck Protection Program

By Michael R. Strain The Paycheck Protection Program was the most ambitious and creative fiscal policy response to the Pandemic Recession. Enacted by the Cares Act in March, PPP offered forgivable loans to businesses with ....

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5 questions for Jim Tankersley on the health of America’s middle class

How do the living standards and economic opportunity seen in today’s economy compare to what Americans enjoyed after World War II? How relevant are these comparisons? And what can policymakers do to maximize the opportunity ....

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5 questions for Michael Clemens on the value of US immigration

To what extent do low-skill immigrants contribute to the US economy, compared to high-skill immigrants? How does immigration affect wages for native workers? Does America have an assimilation problem? How should we think about border ....

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The untold story of America’s middle class: My long-read Q&A with Jim Tankersley

What factors led to the purported economic “golden age” of post-World War II America? How has the middle class fared since that age? And what can policymakers do to maximize the opportunity of Americans to ....

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Yes, a $15 minimum wage everywhere in America really is a risky idea

What is populism? One way to define it is by referring to various policy views frequently associated with it, such as opposition to immigration and free trade. A deeper and more philosophical approach might define ....

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5 questions for Richard Reeves, Isabel Sawhill, and Michael Strain on the state of the middle class

Many Americans believe that the middle class has been left behind — that wage growth has slowed down, life expectancies have stagnated, and civil society has deteriorated. To what extent are these fair diagnoses? And ....

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