Although commuting to work is a daily occurrence for most workers, some have it much worse off than others who commute several hours to and from their destination. TCF fellow Mark Thoma dissects available commuting data and finds that proximity to the workplace is related to inequality gaps.
For those who do have jobs, long travel times to and from work take away from chores at home, shopping at the grocery store for healthy food and so on. Lengthy commutes make it harder for these workers to spend time with their kids on homework and extra-curricular activities, and harder to enroll their kids in charter or alternative schools that might give them a better chance at success.
Read Thoma's full article featured in CBS Moneywatch.
Where is America growing? TCF policy associate Jacob Anbinder takes a look at what the recent census figures are telling us.READ MORE
TCF policy associate and infrastructure expert, Jacob Anbinder, has a new letter to the editor in the pages of the New York Times. In the piece, Anbinder discusses streetcar projects around the country and why this particular mode of transportation may not be the most cost-effective investment when it comes to improving America's infrastucture.
The goal of any multimillion-dollar transit investment should be to improve mobility, with the mode chosen based on cost, capacity and convenience. With these streetcar projects, however, the formula has been reversed. Instead, the streetcar itself has become the end goal; whether or not it actually helps people get where they need to go has become a secondary consideration.
Read Anbinder's full letter here.
TCF fellow Daniel Alpert suggests we take a closer look at the supply constraints and mortgage interest rates in the post-financial crisis economy. He in fact suggests that the crisis may have never ended and we ought to take caution in assuming the housing market is back at stable levels.
Alpert has created a series of charts and statistics to visualize his concerns regarding exaggerated rent growth and its subsequent impact on inflation levels.
The full economic research report can be viewed here.
TCF fellow Dan Alpert weighs in on the direction he believes big banks such as RBS, Barclays, Citibank, and JPMorgan are taking in the economic sphere. He says we may have seen the end of big banks.
Alpert says,"So many of these big shareholders today are in fact money managers themselves." Which means there is less of a need for regulators."
Watch Alpert's BloombergBusiness appearance here.
The corporate tax rate has needed to be addressed for years, and TCF fellow Edward Kleinbard says that the time may finally have come for policymakers to lower the current rate of 35 percent. The two hurdles to corporate tax reform are pass-through entities and figuring out what to do about the international income of U.S. multinationals.
Offering bargain corporate-tax rates to induce small- and medium-sized companies to accept tax reform might seem distasteful to some, but it’s a good deal for America. One comprehensive and sensible tax system for all businesses above a certain size should be the ultimate objective.
Read the full article by Kleinbard featured in Bloomberg View.
In recent decades, and especially since 2000, the richest Americans have enjoyed soaring income and wealth while the rest of the population's living standards have stagnated. The Century Foundation was one of the first institutions to raise serious concerns about these trends and propose ideas for improving economic conditions for all Americans- not just the fortunate few.
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