MIT Innovation Fellow Brian Deese speaks with Financial Times reporter Gideon Rachman to explain Bidenomics and how it is impacting the economy. “I think the term [Bidenomics] has taken on a lot of different elements,” says Deese. “To me, it’s a description of what are the three core economic policy priorities of the Biden administration that have played out over the course the last two years.”
A new study by Prof. Jonathan Gruber finds that helping undocumented immigrants in the U.S. connect with primary care doctors could help reduce ER visits, reports Cara Murez for HealthDay. “The data showed a 21% drop in emergency department use, as well as a 42% drop for folks with high-risk medical profiles,” writes Murez.
Writing for The Washington Post, Brian Deese, an MIT Innovation Fellow, explores the resilience of America’s post pandemic economic recovery and the strength of the labor market. “This economic recovery is defying expectations,” writes Deese. “Enabling more people to work can extend this improbable progress and lay the groundwork for long-term economic growth.”
Writing for The Hill, Prof. Emeritus Henry Jacoby and his colleagues explore how younger GOP voters seem to increasingly favor lawmakers taking action on climate change. “For the sake of the planet, we can only hope that younger Republicans speak out forcefully and that their elders start listening,” they writes, “and, most importantly, that dissatisfaction with the party’s failure to address climate change is expressed in the voting booth.”
Research fellow Michael Schrage speaks with Fortune reporter Sheryl Estrada about generative AI’s role in the digital economy. “If you truly understand and structure your use cases for generative AI correctly, there’s much less risk associated with the investment,” says Schrage.
A new working paper, co-authored by Prof. Jonathan Gruber, explores the impact of the New Co-operative Medical Scheme (NCMS), “a health-insurance plan for rural Chinese that was launched in 2003 and folded into a more comprehensive program in 2013,” reports The Economist. “Though it is perhaps best known for being stingy, the NCMS saved millions of lives,” writes The Economist.
Prof. Simon Johnson speaks with Freakonomics guest host Adam Davidson about his new book, economic history, and why new technologies impact people differently. “What do people creating technology, deploying technology— what exactly are they seeking to achieve? If they’re seeking to replace people, then that’s what they’re going to be doing,” says Johnson. “But if they’re seeking to make people individually more productive, more creative, enable them to design and carry out new tasks — let’s push the vision more in that direction. And that’s a naturally more inclusive version of the market economy. And I think we will get better outcomes for more people.”
Prof. Kristin Forbes speaks with Bloomberg reporters Haidi Stroud-Watts and Sherry Anh about her outlook on the future of the economy and economic policy “We just don’t know right now where unemployment could settle, where inflation settles around 2%,” says Forbes. “We don’t know where interest rates could settle to balance growth and employment, according to the Fed’s mandate.”
Writing for The Hill, Andre Zollinger, senior policy manager at J-PAL Global, makes the case that “current attention to air pollution can be transformational for how we tackle climate change. Policy leaders in the U.S. and abroad should seize this moment of reckoning over our common struggle for clean air as an opportunity to focus on policies that are known to curb air pollution and simultaneously combat climate change.”
Prof. David Autor and his colleagues have documented China’s impact on manufacturing jobs in the U.S. after joining the World Trade Organization in 2001, an effect known as the China shock, reports Shawn Donnan for Bloomberg in an article about how manufacturing job losses impacted Rockingham County in North Carolina. “Declining populations of young workers, as well as lower pay, have persisted in Rockingham and other communities hardest hit by this China shock, the researchers found in a 2021 paper,” writes Donnan.
This past spring, Prof. J. Phillip Thompson and MIT lecturer Elisabeth Reynolds taught a class at MIT that sent students to work with local officials across the country to help identify available federal funds for climate change mitigation, reports Farah Stockman for The New York Times. “We have to figure out how to use it. Because if we don’t, wealthy communities will go green, and low-income communities will stay brown,” says Thompson. “Unless we do something intentionally to make sure that it is fair, it will bypass poor communities.”
MIT Innovation Fellow Brian Deese speaks with CNBC host Andrew Ross Sorkin about the state of the U.S. economy and the impact of “Bidenomics,” President Joe Biden’s economic philosophy.
Prof. Simon Johnson speaks with Reuters reporter Mark John about the impact of AI on the economy. “AI has got a lot of potential – but potential to go either way,” says Johnson. “We are at a fork in the road.”
Studies by researchers at MIT have found “that shifting to electric vehicles delivers a 30% to 50% reduction in greenhouse gas emissions over combustion vehicles,” reports Tom Krisher for Associated Press. According to Prof. Jessika Trancik, “electric vehicles are cleaner over their lifetimes, even after taking into account the pollution caused by the mining of metals for batteries,” writes Krisher.
Prof. Emeritus Thomas Kochan writes for The Hill about the need for a new social contract that reflects the expectations of today’s workforce, including sizable wage increases due to inflation and a voice in the use of AI and generative technology. “Either labor and management negotiate a new social contract that is more responsive to what workers want and need today, or we will experience intensified conflicts that further divide our country,” writes Kochan.