Plus, making housing more affordable and wage-price spirals.
Industrial policy will require immigration reform The CHIPS and Science Act pledges a historic $280 billion toward expanding America’s semiconductor industry. Semiconductor firms have responded with significant investments in new manufacturing facilities. However, there are not enough workers to fill the expected jobs at these facilities. To widen the sector’s workforce pipeline, Greg Wright and Emma Berman call for local training initiatives and targeted immigration policy reforms. |
More research and commentary Making housing more affordable. State governments across the United States are taking actions to boost housing production and improve affordability. Julia Gill, Semida Munteanu, Jenny Schuetz, and Sydney Zelinka explain why implementation at the local level is vital and share key lessons from these efforts. Wage-price spirals. Supply chain issues induced by the COVID-19 pandemic caused price inflation to surge while wages picked up only gradually. But now that inflation has started to fall, wages can increase faster than inflation without producing a wage-price spiral that overheats the economy, suggest Guido Lorenzoni and Iván Werning. |
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