Hispanic Intenders and Parents of Intenders more likely than Non-Hispanics to support increased funding for higher education; More than half of Intenders, and Parents of Intenders support CA’s next Governor making post high school degree attainment a top priority Majority of all segments support making college affordability a priority (Intenders, Parents of Intenders, Non-Intenders) More […]
JUST how bad have the past four decades been for ordinary Americans? One much-cited figure suggests they have been pretty bad. The Census Bureau estimates that for the median household, halfway along the distribution, income has barely grown in real terms since 1979. But a recent report by the Congressional Budget Office (CBO), a non-partisan […]
But even among the nation’s largest metropolitan areas, the Los Angeles-Orange County region’s growth rate last year dropped precipitously — .19 percent — less than one third the average for the country’s 53 largest metro areas. By itself, Los Angeles’ rate was even lower, an insignificant .13 percent. Overall, L.A.-Orange County ranked lower than all […]
Families of more modest means are leaving expensive American urban areas and being replaced by more affluent newcomers, and the income gap between those arriving and leaving hot spots is widening. New research from Issi Romem, chief economist at building-data website BuildZoom, finds that metropolitan areas such as San Francisco, New York, Los Angeles and […]
It is a problem playing out in many parts of the Midwest, a region with lower unemployment and higher job-opening rates than the rest of the country. Employers, especially in more rural areas, are finding that there are just too few workers. That upends a long-running view in Washington, D.C., and many state capitals, where […]
Sustained housing price appreciation could also exert increasingly selective pressure on the kinds of jobs that are feasible to maintain in the expensive metros. Employers who wish to stay in business cannot afford to pay workers a wage that exceeds their contribution to revenue. As a result, employers in the expensive coastal metros would be […]
For the vast majority of young adults in Asia, the path to success clearly runs through education, work and marriage—in that order. Families, schools, media and society at large all reinforce that message. A similar path to success for young adults exists in America. Brookings scholars Ron Haskins and Isabel Sawhill call it the “success […]
CNN reported last week that 66 percent of millennials aged 21 to 32 have nothing saved for retirement. And while their writer chalks up this inequity to student loans, “stagnant wages” and “high unemployment,” there may yet be a deeper cause: many millennials honestly don’t see a future for our economic system. The aforementioned CNN […]
San Francisco is such a boomtown that people are leaving in droves. In 2016 and 2017, more people moved out of the San Francisco-Oakland-Hayward metropolitan area—an urban core of 4.7 million people in a broader region known as the Bay Area—than moved into it from other parts of California or the U.S., according to U.S. […]
Net annual departures from California slowed to about 20,000 after the recession, but have climbed back to more than 100,000, according to the Census Bureau. “A lot of people feel like they want to get out while those markets are hot,” said Jaime Moore, a real estate agent based in Reno who is with Redfin, […]
The tax code provides subsidies for employers to hire ex-felons, to promote employment among low-income workers, and to encourage economic opportunity in distressed areas. These incentives are motivated to different degrees by a belief that economic opportunity facilitates successful reintegration of ex-felons and deters entry into crime. In this paper, we offer a more comprehensive […]
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 […]