The Federal Reserve in its Report on the Economic Well-Being of U.S. Households in 2019 measures well-being by education attainment. What they found is those with a B.A. or more value their education more than those with lower education attainment.…
As America confronts the reality of structural racism, it is clear that we must fundamentally reform policing now. It also is clear that redesigning policing is not enough. We need to put on the table topics that have been off…
In a terrific Washington Post op ed Neel Kashkari lays out Great Recession lessons that should guide us in dealing with our current pandemic-driven economic collapse. Kashkari is president and chief executive of the Federal Reserve Bank of Minneapolis and…
Paul Tough has a new op ed in the New York Times entitled Go Ahead, California, Get Rid of the SAT. It's time for Michigan colleges to also consider doing away with the SAT as an admission requirement. As Tough…
Bob Emerson and John Walsh in a guest column for Bridge lay out a set of principles that should guide Michigan policymakers as they deal with an unprecedented shortfall in state revenue this fiscal year and next. Worth reading! Both…
The struggles way too many Michiganders are going through to get safety net benefits make clear that we need to go to no red tape cash benefits. The main reason for how difficult it is to get much needed benefits…
As we have explored in our lessons from a pandemic-driven economy posts (here and here) what the multitude of low-wage workers need most is cash. Everyday in every Michigan community we see the vast number of low-wage workers––some still working,…
Insightful analysis from McKinsey on the economic consequences of a pandemic-driven economy. Their headline findings are: We estimate that up to 57 million US jobs are now vulnerable, including more and more white-collar positions. ... Our updated model finds that…
As Michigan, almost certainly, faces its most serious economic challenge since the Great Depression, it is worth recalling how Michigan has dealt with previous economic downturns. What follows is a rerun of a post I did in 2012 entitled Jim…
We are all told that we need to have savings of 3-6 months to deal with emergencies. One of the lessons we are learning from our pandemic-driven economy is that a lot of workers don't earn enough to have savings.…