New MIT Research Indicates That Automation Is Responsible for Income Inequality
Recent data suggests that the majority of the increase in the wage gap since 1980 can be attributed to automation replacing less-educated workers. When using…
Economics News
Scientists Discover That Feeling Poorer Than Your Friends Is Linked With Worse Mental Health
A new study from psychologists at the University of Cambridge has found that young people who perceive themselves as coming from poorer backgrounds than their…
Robots Are Taking Over Jobs, but Don’t Panic Yet
One might easily think that robots are causing significant disruption in the labor market by replacing human workers, especially when considering examples like chatbots serving…
The Future of Churches Is at Risk
An audit has found that the future of rural churches depends on their value to the wider community as assets. According to an audit conducted…
Do Boycotts and Buycotts Actually Have an Impact? A New Study Sheds Light
The political controversy surrounding Goya CEO’s political statements in 2020 has shed light on the question. The CEO of Goya, a well-known Latin food brand,…
Popular Gasoline Reduction Strategies Aren’t Getting a Chance To Work
Research study finds world leaders give up on increasing gas taxes and reducing subsidies to producers. Around the world, governments have widely attempted two strategies…
Climate Change-Driven Heat Waves Have Cost the World Trillions
Dartmouth research concludes that measures to protect individuals on hot days are needed now, particularly in low-income countries. Massive economic losses brought on by hot weather…
New Artificial Intelligence Tool Predicts When a Bank Should Be Bailed Out by Taxpayers
An artificial intelligence tool could help governments decide whether or not to bail out a bank in crisis by predicting if the intervention will save…
How To Get the Most Candy on Halloween (Without Resorting to Extortion)
Halloween is here. It’s the night every year when children dress up in costumes and go “trick or treating.” On the surface, that activity appears…
Challenges Conventional Theory: Research Sheds New Light on the Origin of Civilization
The research sheds new light on the mechanisms by which the adoption of agriculture led to complex hierarchies and states. By theoretical arguments and empirical…
Economists Show International Trade Can Worsen Income Inequality
Using Ecuador as a case study, economists show international trade widens the income gap in individual countries. International trade intensifies domestic income inequality, at least…
Researchers Say Immigrants Are 80% More Likely To Start a Company Than U.S.-Born Citizens
Compared to native-born American citizens, immigrants are more frequently involved in founding companies at all scales. Immigrants to the United States are more likely to…
Identifying Global Poverty From Space – Estimating Worldwide Economic Wellbeing
Despite successes in reducing poverty globally in the last two decades, almost one billion people still live without access to reliable and affordable electricity, which…
National Economic Burden of PTSD Is “Staggering” – More Than $230 Billion in Annual Costs
U.S. civilian, military populations combine for more than $230 billion in annual costs. A new study finds that the national economic burden of PTSD goes…
COVID-19 Treatment Remdesivir Dominated Hospital Drug Spending in 2021
Clinic and hospital drug spending increased due to higher usage and new drugs; price increases remained below inflation. The COVID-19 treatment remdesivir dominated hospital drug…
High Prices, Low Value: 112 Million Americans Struggle To Afford Healthcare
High prices, low value — Two new composite scores from West Health and Gallup illustrate America’s healthcare cost crisis. An estimated 112 million (44%) American…
Barred From Employment: Most Unemployed Young Men Have Criminal Records
Findings suggested new approach needed to aid the unemployed. More than half of unemployed American men in their 30s have a history of being arrested…
MIT Experts Design and Test Technical Research for a Hypothetical Central Bank Digital Currency
Collaboration with Federal Reserve Bank of Boston yields progress in understanding how a digital currency might be developed in the future. In collaboration with a…
