Michael R. Strain is a resident scholar at the American Enterprise Institute, where he studies labor economics, public finance, and applied microeconomics. His research has been published in peer-reviewed academic journals and in the policy journals Tax Notes and National Affairs. Dr. Strain also writes frequently for popular audiences on topics including labor market policy, jobs, minimum wages, federal tax and budget policy, and the Affordable Care Act, among others. His essays and op-eds have been published by The New York Times, National Review, The Weekly Standard, The Atlantic, Forbes, Bloomberg View, and a variety of other outlets. He is frequently interviewed by major media outlets, and speaks often on college campuses. Before joining AEI he worked on the research team of the Longitudinal Employer-Household Dynamics program and was the manager of the New York Census Research Data Center, both at the U.S. Census Bureau. Dr. Strain began his career in the macroeconomics research group of the Federal Reserve Bank of New York. He is a graduate of Marquette University, and holds an M.A. from New York University and a Ph.D. from Cornell.
A little inflation above the Fed’s preferred rate isn’t the end of the world — it’s a manageable problem, and may even be desirable. Letting millions of workers sit on the sidelines of the labor market is a bigger problem.
The benefits of buses are not restricted to high-income Americans. An expanded role for buses also offers an opportunity to help low-income Americans who live far away (measured by either clock time or mileage) from commercial centers.
This chart tells you quite a bit of information. It plots the ratio of the level of unemployment and the level of job openings—in other words, it reports how many job seekers there are for every job opening.