Given the uncertainty surrounding the economic effects and the poorly targeted benefits and burdens of a minimum wage, it is unlikely to be the best policy to increase the wages of low-wage workers. Fellow John Diamond explains in the Baker Institute Blog
This author examines the main characteristics of Mexican immigrant-owned small and medium-sized businesses established in the United States, and the opportunities and challenges they face.
When illegal workers use false documents to get a job in the U.S., their employers may complete the paperwork by deducting Social Security, federal, state and Medicare taxes from each paycheck. As of 2010, illegal workers have contributed $12 billion to the Social Security system alone. Such workers face poverty in old age, as they are barred from collecting retirement benefits because of their immigration status, and they have not accrued a pension in their home country.
Although Mohammed bin Salman wields considerable power, he has not singlehandedly altered Saudi society. The social transformation taking place in the kingdom was underway before he became crown prince, but he has tried to take credit for it, writes the author. Baker Institute Blog via Lobe Log: https://bit.ly/2WLrScM
Fellow David Gantz examines the potential impact of changes to rules on tariffs, customs and rules of origin issues in North America under the United States-Mexico-Canada agreement. https://doi.org/10.25613/sj2a-wy96.
Despite the period of very low interest rates since the 2008 financial crisis, bank lending has failed to recover. In this issue brief, public finance fellow Thomas L. Hogan explores the potential causes of this post-crisis decline in bank lending.
On Sept. 13, 2018, Rice University’s Baker Institute for Public Policy and George Washington University’s Project on Middle East Political Science (POMEPS) co-hosted the conference “Building Inclusive and Pluralistic States Post-Arab Spring.” The conference was the culmination of a two-year project funded by the Carnegie Corporation and showcased research by leading scholars of the Middle East on political, economic and socio-religious inclusion in Arab states since 2011.
This report addresses some of the conference’s key conclusions and policy recommendations for U.S. policymakers concerned with the future stability of the Middle East.
If the United States-Mexico-Canada Agreement (USMCA) is approved, this modified and modernized version of NAFTA will govern most economic relationships in North America. David A. Gantz, the Will Clayton Fellow in Trade and International Economics, reviews the USMCA and discusses its positive and negative elements.
