Black labor-force participation—meaning the number of people working or looking for work—is trending up, while broader participation in the U.S., particularly among whites, has flattened after falling. Participation by race is now near a crossroad. The share of black Americans actively working or looking for work was 62.9% in February, while the corresponding white rate […]
California, many say, is the future. A center for creative industries and new technology—look at its impressive rollout of electric vehicles and autonomous cars—it’s also a diverse state, pushing progressive policies that could be models for the rest of the country. And people are leaving in droves for opportunities elsewhere. The actual migration patterns in […]
Average hourly earnings for all private-sector employees last month grew at a 2.9% annual rate of increase, the most since 2009. That has fueled hopes for workers. It has also spooked some investors with fears of higher inflation and interest rates, which have convulsed financial markets. But wage gains thus far have been very uneven, […]
Each year, I author the “Small Business Policy Index” for the Small Business & Entrepreneurship Council. The index ranks the states according to assorted policy and policy-related indicators, including taxes, regulations, government spending and debt, as well as a few measures of governmental performance. But make no mistake, the big governmental burdens for entrepreneurs and […]
For many years, more people have been leaving California for other states than have been moving here. According to data from the American Community Survey, from 2007 to 2016, about 5 million people moved to California from other states, while about 6 million left California. On net, the state lost 1 million residents to domestic […]
According to a new economic forecast released Wednesday by the Los Angeles County Economic Development Corporation (LAEDC), the region’s GDP is growing faster than the nation’s as a whole. Unemployment is below five percent and still declining. And economists project that solid overall growth will continue over the next two years. But for many workers, […]
• Marriage bonuses can be as high as 21 percent of a couple’s income, and marriage penalties can be as high as 12 percent of a couple’s income.
• While research shows that marriage penalties and bonuses do not have much effect on whether a couple will marry, they do impact how much each spouse works.
• It is possible to completely eliminate both marriage penalties and bonuses, but it would require a significant overhaul of the tax code that drastically changes the current distribution of income taxes paid.
Marriage is one of the most effective anti-poverty programs around. But far too often, government assistance programs for people with low incomes discourage marriage, because tying the knot reduces government welfare assistance payments. . . . According to the Brookings Institution, the U.S. would have 25 percent less poverty today if we had the marriage […]
Next year, it’s possible that the region that likes to think of itself as the most progressive place in the country will have zero black state legislators and zero black mayors of major cities. . . . Part of the reason why is a precipitous drop in the region’s black population. According to census data […]
In 2007, more people in Fresno County had jobs than at any previous point in the county’s history. The central San Joaquin Valley’s economy was relatively healthy, and the county’s annual unemployment rate was 8.6 percent – higher than the state average but the third-lowest measurement of any year since 1990. But there were harbingers […]
California’s ambitious education reforms paying off in higher graduation rates and math scores, study finds
California’s sweeping education reforms championed by Gov. Jerry Brown have resulted in higher graduation rates and especially sizable gains in math among low-income students in the 11th grade, according to a new study. . . . The Learning Policy Institute’s Tanner said that because math scores increased more among low-income children than all children, if […]
In this study, researchers Rucker C. Johnson, Associate Professor of Public Policy at the University of California, Berkeley’s Goldman School of Public Policy, and LPI Senior Researcher Sean Tanner found LCFF-induced increases in district revenue has a “strongly significant” impact on average high school graduation rates for all students in the state. For example, a […]
Life expectancy in the United States fell for the second year in a row in 2016 — and it’s clear the epidemic of drug overdoses is at least in part to blame, government researchers said Thursday. Overall life expectancy for a baby born in 2016 fell to 78.6 years, a small decline of 0.1 percent, the National Center for Health Statistics (NCHS) team found. At the same time, mortality from drug overdoses rose by 21 percent. “This was the first time life expectancy in the U.S. has declined two years in a row since declines in 1962 and 1963,” the NCHS, part of the Centers for Disease Control and Prevention, said in a statement.
The California dream isn’t dead. It just upped and moved to South Dakota. Less than half of people born in California in 1980 are making more money than their parents did as young adults. That’s the lowest percentage of children out-earning their parents that California has seen since at least 1940. By contrast, 62 percent of people born in South Dakota in 1980 out-earn their parents. That’s the highest percentage for any state in the country.
The biggest single age cohort today in the U.S. is 26-year-olds, who number 4.8 million, according to Torsten Slok, chief international economist for Deutsche Bank . People 25, 27 and 24 follow close behind, in that order. Many are on the verge of life-defining moments such as choosing a career, buying a house and having children.
Companies looking to grab a piece of that business, however, have run into a problem. This generation, with its over-scheduled childhoods, tech-dependent lifestyles and delayed adulthood, is radically different from previous ones. They’re so different, in fact, that companies are developing new products, overhauling marketing and launching educational programs—all with the goal of luring the archetypal 26-year-old.