SEARCH: Economic Strategy Group

Washington Post: Americans are being left behind. Here’s how we fix it.

Originally published on Washington Post. Many Americans are being left behind by today’s modern, global economy, and they are justifiably angry about it. Growing numbers of people feel our economic and political systems are rigged against them. And it’s no wonder why. Recent progress in low- and middle-income wage growth is a blip against decades […]

How Minimum Zoning Mandates Can Improve Housing Markets and Expand Opportunity

  Dramatic differences in income, productivity, and housing costs within the United States make geographic mobility important for spreading prosperity. But Americans’ ability to move to places like San Francisco, Boston, and New York in search of economic opportunities is limited by severe restrictions on new housing supply in these productive places. State-level Minimum Zoning […]

Economic Strategy for Higher Wages and Expanded Labor Participation

  We 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. The EITC is based on household income and administered as a tax credit, while the […]

Expanding Economic Opportunity for More Americans

Over the course of the past year, the Aspen Economic Strategy Group collected policy ideas to address the barriers to broad-based economic opportunity and identified concrete proposals with bipartisan appeal.

Scaling Apprenticeship to Increase Human Capital

  The 2016 election heightened an ongoing debate in the United States about how best to respond to two of the foremost economic challenges of the current era: stagnant wages and a dearth of promising career prospects for American workers without a bachelor’s degree. These challenges persist despite a dramatic increase in recent decades in […]

Creating Economic Opportunity for More Americans Through Productivity Growth

  The U.S. economy in recent years has been characterized by slow average productivity growth and increasing productivity dispersion within industries. These trends have coincided with analogous changes in wages—slow average wage growth and greater wage inequality between workers. In this essay, I discuss research into the potential causes of these patterns and outline several […]

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 […]

The Link Between Wages and Productivity Is Strong

  Much of the public debate in recent years suggests that wages are not primarily determined by productivity. Indeed, the argument that the link between compensation and productivity has been effectively severed is commonly made. In this paper, I first discuss the wage-setting process and the conceptual issues that are of critical importance to any […]

A Policy Agenda to Develop Human Capital for the Modern Economy

  Globalization and technological innovation have intensified the demand for college- educated workers. In 2017, college graduates earned 65% more than non-college- educated workers and were twice as likely to be employed. This proposal recognizes the simultaneous need for more college educated workers and also for a higher level of labor market skill among non-college […]