While the tech industry claims that H-1B visas help address labor shortages and bring in the best and brightest engineers, data shows that they can drive down wages and indenture migrant workers. More »
Beyond issues of gender equity and human development, research points to damaging economic consequences for regions with large gender gaps in education and employment. More »
Standard & Poor’s Senior Director Jane Ridley, who serves as S&P’s primary analyst for Detroit, recounts the factors that drove Detroit to bankruptcy and explains why the Windy City is unlikely to go bust. More »
A recent paper underscores the difficulty of studying the World Cup and does not draw firm conclusions, but finds suggestive evidence that hosting the World Cup could have a negative impact on exports. More »
An experiment in rural Morocco finds that economic gains from access to microfinance are highly variable, and there are no significant indirect impacts on the status of women and children. More »
Federal Reserve announcements about “tapering,” or reducing the level of quantitative easing, had significant negative impacts on financial asset prices in otherwise robust emerging market economies. More »
Christian Mitchell is the State Representative for Illinois’ 26th district. He is one of the chief co-sponsors of House Bill 3718, which would raise the minimum wage in Illinois to $10.65 by 2016. Christian graduated from the University of Chicago with a bache... More »
Increases in minimum wages appear to help some poor families escape poverty while having the perverse effect of dragging other families below the poverty line. More »
Despite the widely held view that minimum wages generate unemployment, some Nobel-winning economists have argued that labor markets are more complex than predicted by economic theory. More »