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How Generous Unemployment Support Helps The Economy

The Horizons Tracker

Congress turned to a familiar policy tool to revive the US economy during the pandemic: extending jobless benefits. A recent study from the University of Chicago Booth School of Business attempted to answer this question by analyzing how expanded unemployment insurance affects aggregate demand for goods and services in an economy.

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Reskilling the Future of Work

HR Digest

More perpetual policies might be necessary to increase wages and support future aggregate demand ensuring workforce fairness. More comprehensive minimum-wage policies, universal basic income, or wage gains tied to growth are solutions that could be explored.

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The More Climate Skeptics There Are, the Fewer Climate Entrepreneurs

Harvard Business Review

In other words, climate skeptics don’t just stymie progress on climate policy. A drug company must incur a large fixed cost to do the basic research, so it has strong incentives to predict what the demand for the drug will be if its research succeeds. Economic theory suggests it can have a significant negative impact.

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The Economic Impact of the Japanese Disasters

Harvard Business Review

Transportation disruptions and the closing of many factories throughout Japan will shrink Japanese aggregate demand and disrupt supply chains worldwide. Japan's economic policy makers are being put to the test once again. Analysts have already reduced forecasted GDP growth rates for Japan by 0.5% for the second quarter.

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The Question with AI Isn’t Whether We’ll Lose Our Jobs — It’s How Much We’ll Get Paid

Harvard Business Review

It is the continuous obligation of economic policy to match increases in productive potential with increases in purchasing power and demand. Nonetheless, with the right policies we can get the best of both worlds: automation without rampant unemployment. anucha sirivisansuwan/Getty Images. Is This Time Different? In the U.S.,

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What the U.S. Economy Needs More Than Manufacturing

Harvard Business Review

Trade Policy.". trade policy. Let's start with the first myth: that an open trade policy is the cause of manufacturing job losses. But a jobs strategy has to be based on aggregate demand throughout the economy. Williams Professor of International Trade and Investment at the Harvard Kennedy School.

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More and More CEOs Are Taking Their Social Responsibility Seriously

Harvard Business Review

The Ford story doesn’t add up , if you assume that Ford believed that his move alone was enough to raise overall demand for cars. Nor is it a substitute to good public policy and healthy democratic governance. That scenario isn’t likely. But it’s more likely than it was just a few years ago. And it’s a start.

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