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The Latest Breaking News from NBER

I Asked ChatGPT What Would Happen If the Middle Class Paid Taxes at the Same Rate as Billionaires

To dig into the question, ChatGPT was asked what might happen if the middle class paid taxes at the same effective rate as billionaires.

GOBankingRates

Elon Musk Cost Tesla 1 Million Car Sales In The U.S. Since Buying Twitter: Study

A study found that Tesla may have lost more than a million EV sales since 2022 because of its CEO's very public political activism.

InsideEVs

Study Finds Tariffs Cost Consumers More Than the Government Takes In

The new report examined prices of French wine after Trump imposed tariffs in 2019.

Reason

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OpenAI reveals how people use ChatGPT, and the results might surprise you

OpenAI just revealed the results to the largest ever study into how people use ChatGPT.

TechRadar

Debunking the 100,000 Medicaid Deaths Myth

Partisan pundits are misreading statistical estimates and misrepresenting the science to suggest that Trump's Medicaid cuts will kill 100,000 people. That claim doesn’t survive scrutiny.

Reason

California's Minimum Wage Hike Cost 18,000 Fast-Food Jobs as Employment Ticked Up in Other States

The law transferred wealth from workers who lost their jobs to those who didn’t.

Reason

Study looking at AI chatbots in 7,000 workplaces finds 'no significant impact on earnings or recorded hours in any occupation'

Despite AI’s promise to revolutionize white-collar work, most workers are using it sparingly—or hiding it from their boss.

Fortune

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83 People Share Recession Indicators That Range From Funny To Cry Worthy

"Everyone becoming a DJ should've been our first recession indicator!"

Bored Panda

Gen X, Boomers, Millennials, or Gen Z: Which Generation Pays the Most in Taxes?

Polls show that most people feel like taxes are unfair. But which age group bears the brunt of the tax burden in the United States?

Kiplinger

Recession Risk: Is It Going to Happen? Here Are the Key Clues

Recession is the word that's been making headlines as recent economic reports and especially the Atlanta Fed is stoking fears with its GDPNow real-time forecast

MarketBeat

Why are young adults less happy than ever before?

New study finds happiness increases with age and does not peak in youth, marking a major shift from the usual trajectory.

Al Jazeera

Pregnancy is already deadlier for Black women. Abortion bans will only make it worse

THE A-WORD: Black women have worse pregnancy outcomes than any other racial group, being more likely to die in childbirth and more likely to have their babies die. Sheila Flynn and Alicja Hagopian report

The Independent UK

The Economic Impact of the Chinese Exclusion Act

New National Bureau of Economic Research study shows this notorious law not only harmed would-be immigrants, but also damaged the US economy and reduced employment opportunities for native-born whites.

Reason

Federal 'Buy American' Rules Cost Over $100,000 Per Job Created

Eliminate the domestic content requirements of the Buy American Act, don't expand them.

Reason

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Salon

Mental health a "macroeconomic crisis"

A growing body of research attempts to measure capitalism’s effect on our mental health

The Conversation

What’s a recession – and how can we tell if we’re in one?

This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics and finance.

Fortune

Washington's scrutiny of Chinese and Chinese-American scientists is hurting their productivity—and global scientific cooperation

U.S.-China tensions led to a 16% drop in Chinese students attending U.S. PhD programs between 2016 and 2019, according to a NBER working paper.

Reason

The High Cost of Commercial Land-Use Restrictions

Exclusionary zoning that targets housing gets more attention. But a new study highlights how restrictions on commercial uses also cause great harm.

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news in one place.

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Reason

New NBER Study Finds Covid Eviction Moratoria Increased Racial Discrimination

Moratoria caused landlords to be less willing to rent to black tenants.

GoodToKnow

Oldest siblings tend to earn more than their brothers and sisters, studies show - and now researchers think they know why

New research has suggested the reason why older siblings are likely to earn more than their brothers and sisters - although the difference in earnings is smaller than you might think.

Fortune

College jocks—not nerds—turn out to have more successful careers and earn $220K more, research finds

Revenge of the nerds is a fantasy.

The Guardian - AU

Strong job numbers could mean more rate rises for Australia. Here’s why a recession isn’t a certainty

Reserve Bank appears determined to raise interest rates at least once more, even if Australia’s economy is slowing

Fortune

Are we in a recession right now? This is what it is and how to prepare

Many experts think the U.S. economy is heading toward a recession—here is what that means and how to prepare.

Tribune News Service

Alexis Leondis: Stop panicking about boomerang kids

When adult children move back in with their parents, it causes a lot of cultural anxiety. We call them moochers or spongers. We say they’ve failed to launch.

Fortune

WFH saves employees 2 hours a week in commute time. They're spending it in ways CEOs don’t expect

CEOs like Elon Musk say remote workers are less productive. But they spend most of their "commute" time working more.

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