The 2017 Tax Cuts and Jobs Act, the key legislative achievement in the first year of the Donald Trump administration, substantially raised the federal debt and disproportionately increased incomes for the most affluent. The effects on economic growth and median wages were modest at best.

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#TaxCuts #JobsAct #FederalDebt #IncomeInequality #EconomicGrowth

High-skilled immigration fuels regional entrepreneurship, new US study suggests. When the number of high-skilled immigrants in a metropolitan area doubles, entrepreneurship in that region increases by 6% within three years.

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#HighSkilledImmigration #RegionalEntrepreneurship #USStudy #EconomicGrowth #Innovation

Education makes people substantially more likely to support free trade – The study, which analyzes compulsory education reforms across 18 countries, finds that additional years of education boost support for free trade. These effects are unrelated to the distributive consequences of free trade.

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#EducationForAll #FreeTradeSupport #EconomicGrowth #GlobalTrade #EducationMatters

The Soviet Union sent millions of its educated elites to gulags across the USSR because they were considered a threat to the regime. Areas near camps that held a greater share of these elites are today far more prosperous, showing how human capital affects long-term economic growth.

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#HistoricalImpact #HumanCapital #EconomicGrowth #SovietUnion #GulagSystem

Conservative people in America appear to distrust science more broadly than previously thought. Not only do they distrust science that does not correspond to their worldview. Compared to liberal Americans, their trust is also lower in fields that contribute to economic growth and productivity. 🔬📉💼

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#ConservativeDistrust #ScienceAndPolitics #EconomicGrowth #TrustInScience #CivicEngagement

Construction is the only major sector of the US economy to register negative productivity growth since 1987. 🏗️📉 After ruling out various explanations, the study links poor performance by the construction industry to burdensome housing supply regulations. 🏠⚖️

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#ConstructionProductivity #HousingRegulations #EconomicGrowth #USConstruction #ProductivityChallenges

Immigration in early 20th century America improved the life outcomes for the US-born: they were more likely to marry 💍, have children 👶, and set up their own household 🏠. The evidence suggests that immigration increased native men’s employment 💼, thereby raising the supply of native “marriageable men.”

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#ImmigrationImpact #AmericanHistory #MarriageTrends #EconomicGrowth #20thCenturySociety

Health and economic co-benefits of stringent climate policies avoiding temperature overshoot could prevent 207,000 premature deaths 💔 and $2.27 trillion 💵 in damages by 2030 with major gains in China 🇨🇳 and India 🇮🇳 under net-zero pathways.

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#ClimateAction #HealthBenefits #EconomicGrowth #NetZero #SustainableFuture

💡 A new study in the American Economic Review by Terry, Chaney, Burchardi, Tarquinio, and Hassan (2026) introduces a method to measure how immigration affects U.S. counties.

📈 The research finds that immigration positively impacts local innovation and wages within five years, with the long-term gains outweighing initial labor supply adjustments.

🚀 The study estimates that increased immigration to the U.S. since 1965 could have boosted innovation and wages by as much as 5 percent.

#Immigration #EconomicGrowth #Innovation

🌳 Global Majority Prefers Environment Over Economy: A study analyzing data from 92 countries reveals nearly 58% of people worldwide prioritize environmental protection over economic growth when the two conflict.

🌍 Diverse Global Views: While Western countries show expected patterns (women, younger, educated, liberal favoring environment), many non-Western nations display varied trends, with factors like gender, age, or political leaning not consistently predicting environmental support.

📈 Less Support in Certain Regions: Lower support for environmental protection over economic growth was observed in Eastern Europe, Central Asia, Africa, and the Middle East, potentially linked to greater needs for economic development.

💡 Policy Implications: The findings suggest broad public openness to shifting focus from economic growth to environmental protection, signaling a wider appetite for change than previously understood for policymakers addressing climate and sustainability.

#Environment #GlobalStudy #EconomicGrowth