The field of economics is undergoing a revolution, becoming more relevant, accurate, timely, and empirical by using technology to track everything, all the time. Our economics columnist explains how plentiful data is drastically changing the way policy is structured and decisions are made.
The COVID-19 has, unequivocally, triggered a global crisis comparable in size to historical precedents such as the Great Recession of 2008. While the two may be similar in their ramifications, the current crisis differs significantly from the 2008 crisis. This article discusses noteworthy insights for policymakers and investors alike.
Inequality is a growing concern worldwide, and governments are struggling to find a tax policy that optimizes equality without sacrificing production. A group of Harvard researchers has designed a supposedly better tax policy through a data-driven solution, using artificial intelligence to simulate economies.
Although most Americans may not be too familiar with IATSE (the International Alliance of Theatrical Stage Employees, Moving Picture Technicians, Artists and Allied Crafts of the United States, Its Territories and Canada), the works its members do, from lighting in motion pictures to broadcasting sports events, is central to American culture. IATSE is a labor union consisting of multiple locals and divisions, representing tens of thousands of workers. The COVID-19 pandemic, which shut down nearly every Hollywood production, proved the necessity of worker negotiations and rights. Many craftspeople lost their jobs or were put in unsafe conditions. Now, as more and more members return to work, they’re fighting for better set environments than pre-pandemic.