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Commentary

  • How Occupational Licensing Harms the Young

    Occupational licensing, the requirement that people pass tests to gain government permission to work, is making it harder for young people to begin their careers. By keeping young people out of certain industries, or by making it prohibitively expensive and time-consuming for them to work, occupational licensing increases costs for all Americans and limit opportunity for those looking to enter the field of their choice.

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  • You might have to think outside the box as work is scarce

    Young people might have to think outside the box as work is scarce. Maximizing job oppurintuies in a sluggish economy may see many graduates becoming their own boss. 

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  • LA Cuts Off the First Rung of Its Economic Ladder

    If Los Angeles insists on raising the minimum wage, it should exempt workers 22 and younger. Otherwise, the higher minimum will price teens and students out of jobs and prevent them from getting valuable work experience.

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  • Debunking The Great Gatsby Curve

    The Great Gatsby Curve has certainly generated plenty of heat, but very little light. The measure of “mobility” used in the Curve — the “intergenerational elasticity” — worsens when the rate of growth in inequality rises. It is hardly surprising that a mobility indicator that also reflects inequality growth should be correlated with inequality.The United States has the same upward mobility rates as Canada and Sweden, despite the fact that the three countries have, respectively, high, moderate, and low levels of inequality. 

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  • Shale 2.0: The Coming Big-Data Revolution in America’s Shale Oil Fields

    Legislators have yet to recognize and incorporate into law the far-reaching implications of how the energy landscape has fundamentally changed. U.S. energy law remains anchored in the decades-old paradigm of insatiable U.S. demand and resource shortages. The modern reality has instead utterly reversed, with de minimis growth in U.S. oil demand, exploding global demand, and an ascendant second era of American petroleum production.

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  • What's in A Price? Less Than You Think

    If economists can't differentiate between price changes coming from the supply side versus the demand side when it comes to oil prices—often the source is impossible to ascertain in real time —imagine their confusion when it comes to interest rates. 

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  • Obamacare Is a Horror Story for Young Americans

    Higher premiums, impenetrable bureaucracy -- where's the upside? Obamacare has enmeshed many Americans in a bureaucratic nightmare. 

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  • The Left's Worst Inequality Bogeyman Attempt Yet

    When adults’ incomes are compared with their own parents’ incomes at the same age, the median change between 1978 and 2005 was a 93 percent increase. Today’s adults typically have incomes twice as large as their parents had at the same age. Fully 83 percent of today’s adults are better off than their parents were.

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  • Education Reform That Works

    In June, 3.3 million American teenagers will graduate from high school. Just 80 percent of them graduate in four years, a share that declines to 65 percent among African-Americans. Yet in the last 40 years, school funding has exploded. One reason all this spending has not brought better outcomes is that teachers’ unions are more concerned with protecting their members than with helping students.

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  • College Grads are Drowning in Student Loan Debt

    This month, as 1.8 million newly-minted bachelor’s degrees are handed out, most graduates will be coming off the stage with much more than a fancy piece of paper. Seventy percent will take an average of $27,000 in student loan debt with them as they try to build their careers after college.

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