9 Damning Charts That Explain The Senate GOP Health Care Bill’s Impact

The Senate returns today from a week-long recess—during which GOP lawmakers largely avoided their constituents—and will pick up where they left off in hammering out an agreement on their bill to repeal the Affordable Care Act. Deep ideological, policy and political divides still remain among the Republican majority, exacerbated by a growing body of evidence that the bill would cause tens […]

Yanis Varoufakis: A New Deal for the 21st Century

ATHENS — The recent elections in France and Britain have confirmed the political establishment’s simultaneous vulnerability and vigor in the face of a nationalist insurgency. This contradiction is the motif of the moment — personified by the new French president, Emmanuel Macron, whose résumé made him a darling of the elites but who rode a wave of anti-establishment enthusiasm […]

Lifetime Incomes in the United States over Six Decades

Using panel data on individual labor income histories from 1957 to 2013, we document two empirical facts about the distribution of lifetime income in the United States. First, from the cohort that entered the labor market in 1967 to the cohort that entered in 1983, median lifetime income of men declined by 10%–19%. We find […]

Why Single-Payer Health Care Saves Money

Lingering uncertainty about the fate of the Affordable Care Act has spurred the California legislature to consider adoption of a statewide single-payer health care system. Sometimes described as Medicare for all, single-payer is a system in which a public agency handles health care financing while the delivery of care remains largely in private hands. Discussions of […]