What 100-year-old immigration policy can teach us about the economy

Amid new executive actions on immigration, and 100 years since the National Origins Act, we look at how policy has shaped the economy.
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What do people think causes inflation?

Jun 12, 2024
A survey reveals the general public doesn't always agree with economists on what causes higher prices.
"People have a very valid lived experience that just sometimes doesn't align with our official statistics," said Harvard economist Stefanie Stantcheva.
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What does “seasonally adjusted” mean, anyway?

Jun 5, 2024
It’s one of those terms we hear attached to economic data all the time. But what is seasonal adjustment and how is it done?
It could appear that there's a recession each January because of the drop in seasonal workers, like mall Santas, after the holidays. Hence the importance of seasonally adjusting data.
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Child care costs are a big part of why Americans feel inflation still stings

Prices have climbed persistently, yet the service is persistently scarce. That, in turn, hurts kids and undermines the labor force.
Women are working slightly less since 2019, and the extra time is devoted mostly to child care or elder care, said Diane Swonk, chief economist at KPMG.
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Inflation and politics have always been connected

May 21, 2024
Rising costs have long been a concern for Americans. What's changed is how the government intervenes in prices, economist Carola Binder writes.
"The return of inflation was not only, or even primarily, an academic concern. It was, even more, a social and a political one," economist Carola Binder writes in her book "Shock Values."
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The number of publicly traded companies in the U.S. is in decline. Here's why that matters.

May 13, 2024
When fewer companies are public, it limits our understanding of what’s happening in the economy.
The number of publicly listed companies has been nearly halved since the '90s.
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Inflation is "not yet where it needs to be," Treasury Secretary Yellen says

May 9, 2024
Janet Yellen addresses the state of the U.S. economy and underscores the country's rivalry and collaboration with China in an interview.
"I think it's important for Americans to understand how critical democracy is to economic performance," Treasury Secretary Janet Yellen says. Above, Yellen testifies at a House Ways and Means committee hearing on April 30.
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For public good, not for profit.

How GE made history: a look back at an iconic conglomerate

May 8, 2024
In April, General Electric split itself up to focus on wind power, aerospace and health care. Its finance and media divisions are long gone.
A General Electric employee viewed rows of wind turbine parts in 2021. GE was an "incredible industrial company and built truly incredible things," reporter Ted Mann said.
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Small businesses see wage pressure easing

May 1, 2024
While the labor market is still tight, some owners aren’t feeling like they need to hike pay as much as they did earlier in the pandemic.
According to the Labor Department, wage gains have been slowing for the past two years.
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CHIPS funds are heading to Phoenix, “ground zero for the new economy”

An influx of federal investment in the Arizona metropolis is meant to energize the nation's tech industry and accelerate job creation. Will it work?
President Joe Biden arrives at the TSMC facility in Phoenix to speak in December 2022. TSMC was recently awarded $6.6 billion in CHIPS Act funding.
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