Economic Strategy for Higher Wages and Expanded Labor Participation
In this chapter, authors Jason Furman and Phillip Swagel propose two alternative policy options for promoting increased earnings and employment of low-income households: expanding the Earned Income Tax Credit (EITC) among childless workers, and implementing a wage subsidy for low-income workers that would be administered through employers.
Introduction: The Need to Expand Economic Opportunity
The pursuit of economic opportunity for all Americans is as important to the health of the country’s economy as it is to the strength of its democracy. The promise that hard work and determination will yield economic success is a central American ideal, but it has been called into question as secular economic forces and institutional changes have reshaped the American economy and had an uneven impact on Americans’ ability to prosper.
AESG Member Statement on Economic Policy Priorities
We, the undersigned members of the AESG, have collectively worked at the highest levels of the policy, business, government, academic, and civic communities. We believe that our nation’s economic policies need to be adjusted so that more people participate more fully in our economic success.
AESG Member Statement on COVID-19 Pandemic and Economic Crisis
The COVID-19 pandemic is at once threatening American lives, the sustainability of our nation’s health care system, and our economic prosperity. Our paramount concern at this moment should be to slow the spread of this virus and equip our health care system to effectively respond. Saving lives and saving the economy are not in conflict right now; ...
Taskforce Report: Promoting Economic Recovery After COVID-19
This report puts forward a set of policies that should be part of the next wave of fiscal policy aimed at bolstering individuals and workers, small and mid-sized businesses, and state and local governments during a sustained recovery from the Covid-19 pandemic.
Washington Post Op-Ed: What a successful economic recovery plan must look like
It was good news that the economy added 2.5 million jobs last month. But we are still only one-tenth of the way to repairing the massive labor market damage caused by the novel coronavirus. The job growth was bolstered by massive governmental intervention, and most of the fiscal policies are coming to an end. In order to protect ...
AESG Member Statement in Support of Immediate Pandemic Relief
Amidst a resurgence in COVID-19 caseloads and continuing economic devastation from the pandemic, we urge Congress to enact legislation that focuses on the core measures necessary to provide additional fiscal relief as quickly as possible and no later than the end of this calendar year.
How much have childcare challenges slowed the US jobs market recovery?
The US economy lost a net of 8 million jobs between February 2020 and April 2021. Agreement is growing that people not actively seeking employment (inadequate labor supply) has been playing a major role in the slow recovery, as evidenced by factors including record job openings, the largest wage increases in decades, and other signs ...
13 Aspen Economic Strategy Group Reports related to the American Jobs and Families Plans
The Biden Administration’s American Jobs Plan and American Families Plan propose over $4.1 trillion in new government spending over the next 10 years, aiming to fundamentally reshape and expand the social safety net, increase the economy’s productive potential through investments in physical and human capital, and make major public investments in green infrastructure and technology. ...