When rolling blackouts darkened parts of California this month, SIEPR Senior Fellow Frank Wolak had a painful sense of déjà vu. “California policy makers completely forgot the lessons from the [previous] crisis…in their rush to go green,” he said.
The dream of intergenerational mobility is alive: children of immigrants generally experience greater socioeconomic success than they themselves do, according to findings from SIEPR Senior Fellow Ran Abramitzky.
“What’s happening now is more companies that thought they could survive are giving up,” said Nicholas Bloom, an economics professor at Stanford. “The most painful time to lose your job may well be coming up.”