Jason Furman is a nonresident senior fellow at the Peterson Institute for International Economics and was previously the 28th chair of the Council of Economic Advisers under President Obama. During that time, he acted as the president’s chief economist and played an important role in most of the major economic policies of the Obama administration. Furman has conducted research in a wide range of areas, including fiscal policy and macroeconomics. He is currently a professor of the practice of economic policy at the Harvard Kennedy School.
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Replacing our current antipoverty programs with UBI would in any realistic design make the distribution of income worse, not better. (See page 8)
President Obama’s chief economist argues that, with the right policies, artificial intelligence can be boon to the labor market, not a threat.
Jason Furman argues, “The more level playing field created by our proposed trade agreements increases the returns to complementary policies designed to help expand the U.S. economy and benefit U.S. workers.”
Jason Furman argues, “A range of studies has found that Wal-Mart's prices are 8 percent to 39 percent below the prices of its competitors.”
Jason Furman argues, “The increase in inequality partially reflects factors largely beyond our control, like changes in the nature of technology and the rewards it confers on skills. But it is also a function of poor policy choices—including the failure to adequately fund, staff and expand the education system, along with the dramatic decline in unionization and the real value of the minimum wage.”
“The problem is not the number of jobs. Furman points out that the unemployment rate is 4 percent today. ‘One of the one of strongest laws of economics is that about 95 percent of people who want to work can work.’”
Jason Furman discusses income distribution and its effects on economic growth.