Bloomberg reporter Peter Coy writes that a new study by Prof. David Autor finds cities are no longer “escalators of opportunity” for people in middle-paying jobs, in particular Black and Latino workers. Coy writes that Autor proposes, “one solution is to raise minimum wages in cities, which would raise the living standards of low-income workers.”
A study by Prof. David Autor finds that cities no longer guarantee middle-wage opportunities for Black and Latino workers, reports Andrew Van Dam for The Washington Post. "Changes in occupational structure, in cities, have been larger and arguably less favorable among Blacks and Hispanics than among whites," says Autor.
Axios reporter Erica Pandey writes that a study by Prof. Thomas Kochan underscores how the Covid-19 pandemic has uncovered longstanding shortcomings in worker power. "The key to going from isolated protests at a place like Amazon or Walmart to a force that’s really going to get the company to respond is the customer," says Kochan."Customers are the hidden source of power for workers."
Writing for The Boston Globe, Prof. Amy Glasmeier, graduate student Zach Avre and Thomas Goff of Mass Economics argue for extending unemployment benefits and raising the federal minimum wage. “The quickest way to make all Americans sleep easier at night — and be willing to go back to work and help the economy recover — is by providing a living wage to get by in the era of COVID-19,” they write.
Karilyn Crockett, a lecturer at MIT, has been named to head Boston’s new equity and inclusion office, reports Erin Tiernan for The Boston Herald. “She will apply an equity lens to make sure everything our city government does is dismantling systemic racism and creating fair opportunity for all Bostonians,” said Boston Mayor Martin Walsh.
Boston Mayor Martin Walsh named Lecturer Karilyn Crockett, “a brilliant innovator and change maker,” as the head of Boston’s new Equity and Inclusion Cabinet, reports CBS Boston. “I need everyone standing here with me, and within the hearing of my voice, to be bold and move beyond what we may individually think is possible,” said Crockett.
Writing for the New York Times, Prof. Yasheng Huang argues that Chinese policies favoring the state sector over the private sector have played a bigger role in the country’s economic slowdown than the current trade war. “That the Chinese economy is slowing down isn’t necessarily a bad thing, at least not in itself,” says Huang. “But a slowdown is a problem if it’s the result of poor policy.”
Speaking with Bloomberg’s Rafaela Lindeberg, Prof. Abhijit Banerjee suggests that the U.S. must increase taxes in order to fight poverty more effectively. “If you actually want to deal with poverty, happiness and anger in the U.S., the government will need to have more resources,” says Banerjee. “I’m quite comfortable saying that, yes, taxes have to be raised.”
Reuters reporter Ann Saphir writes that Prof. Athanasios Orphanides recommended the Federal Reserve adopt a new monetary policy rule to help guide decisions concerning interest rates. “Monetary policy is most effective when it is formulated in a systematic manner, following a clearly communicated monetary policy rule,” Orphanides explains.
Research by Prof. Athanasios Orphanides examines the Federal Reserve’s efforts to improve communications, reports Nick Timiraos for The Wall Street Journal. Orphanides found “the quarterly summary of economic projections from Fed officials and its accompanying interest-rate projections, sometimes referred to as a ‘dot plot,’ would be more valuable if it expressed changes in officials’ uncertainty or confidence in their projections.”
Verge reporter Justine Calma writes that states in the Midwest and Great Lakes region could see $4.7 billion in health benefits by maintaining current renewable energy standards. “This research shows that renewables pay for themselves through health benefits alone,” explains Emil Dimanchev, senior research associate at MIT’s Center for Energy and Environmental Policy Research.
A study by Prof. Jessika Trancik examines how cheap energy storage must be for the U.S. to rely on renewable energy, reports David Roberts for Vox. The research demonstrates how “a US energy grid run entirely on renewable energy (at least 95 percent of the time), leaning primarily on energy storage to provide grid flexibility, may be more realistic, and closer to hand, than conventional wisdom has it,” writes Roberts.
Writing for The New York Times, Prof. Yasheng Huang examines how the U.S.-China trade war is influencing public perceptions in China. “Maximum-pressure tactics have delivered no meaningful results — other than undermining the good will of the Chinese public and its liberals toward America,” writes Huang. “The United States should de-escalate tensions and help China come back to the negotiating table.”
Speaking with Greg Rosalsky of NPR’s Planet Money, Prof. David Autor delves into his new research showing that large American cities no longer provide the same opportunities for upward mobility for people without college degrees. “The set of jobs that people without college degrees do has really contracted,” explains Autor, co-director of the MIT Work of the Future task force.
Prof. Jonathan Gruber speaks with WGBH’s Arjun Singh about the negative economic consequences of restricting access to abortion. “What is clear from the economic evidence is that if abortion access is restricted, it’s going to hurt women’s prospects in the labor market,” says Gruber.