Jared Bernstein is a senior fellow at the Center on Budget and Policy Priorities. During the Obama administration, he served as Vice President Joe Biden’s chief economist and economic adviser, executive director of the White House Task Force on the Middle Class, and a member of President Obama's economic team. He is the author and co-author of numerous books including his latest book, "The Reconnection Agenda: Reuniting Growth and Prosperity."
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The system tends to offer up minimum wage increases that it can absorb without distortions.
Analysis of the historical record shows that increasing the minimum wage has its intended effect of raising the earnings of low-wage workers who need the raise without harming their employment prospects.
Ive always thought the national minimum wage is a lot more important than most people tend to think.
Which helps low-income people the mostthe minimum wage or the Earned Income Tax Credit? Its a false choice. Together, these two programs balance the social cost of low-wage work between taxpayers and low-wage employers.
Bernstein argued that current transfer programs, despite flaws, are accomplishing their intended goals and thus do not need to be replaced wholesale — which, in his view, would leave many people worse off.
Jared Bernstein argues, “It is now clear that globalisation’s cheerleaders did globalisation no favour by ignoring the losers.”
In light of President Trump’s tariffs, Jared Bernstein argues, “Not only do the winners fail to compensate those hurt by trade, they use their winnings to buy politicians and policies that consolidate their gains while further penalizing those left behind.”
Jared Bernstein argues, “Many people in advanced economies believe they’ve been hurt by expanded trade with low-wage countries, and many of them are right about it.”
Jared Bernstein argues, “The new rules must prioritize the economic needs of low- and middle-income families while preserving the democratic, accountable policymaking processes that are essential to creating and maintaining the environmental, consumer, labor, and human-rights policies on which we all rely.”
Jared Bernstein argues, “The real median annual earnings of men — and remember, these are guys that are solidly attached to the job market — have been essentially flat since the early 1970s.”
Jared Bernstein details the perils of ignoring the effects of globalization on Americans.
Jared Bernstein argues, “We should welcome the end of the era of F.T.A.s, which had long devolved into handshakes between corporate and investor interests on both sides of the border, allowing little voice for working people.”