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Biden's big bet: He can remake the economy without any negative side effects


Biden’s big bet: He can remake the economy without any negative side effects
Heather Long
© Bill O Leary/The Washington Post
President Biden steps back to the podium after delivering remarks on the White House front lawn on April 27, 2021, about his ongoing covid-19 response, in Washington, DC. (Photo by Bill O Leary/The Washington Post)
President Biden, fresh off a victory on a large stimulus package, is pitching another $4 trillion in spending to make bold investments in the nation’s physical infrastructure and human capital in an effort that he says will spur growth, create a more equitable economy and make the United States more competitive with China without any negative side effects. ....

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The True Story of the Minimum-Wage Fight (Ep. 460) - Freakonomics


The True Story of the Minimum-Wage Fight (Ep. 460)
April 28, 2021 @ 11:00pm
Listen now:
Backers of a $15 federal wage say it’s a no-brainer if you want to fight poverty. Critics say it’s a blunt instrument that leads to job loss. Even the economists can’t agree! We talk to a bunch of them and a U.S. Senator to sort it out, and learn there’s a much bigger problem to worry about.
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In the U.S., the official poverty threshold is $26,500 in annual income for a family of four. For a one-person household, it’s just under $13,000. In 2019, the official poverty rate in the U.S. was 10.5 percent, down from 11.8 percent just a year earlier. In fact, this was the fifth annual drop in a row, and the 2019 figure was the lowest on record since 1959, when the poverty rate was first measured. But once the 2020 numbers come in, those gains are due to be reversed. A pandemic will do that. A seri ....

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