Breaking down the American Rescue Plan

Breaking down the American Rescue Plan

The American Rescue Plan is a remarkable effort to jump-start the U.S. economy — unprecedented in scale outside of major wars — and will lead to very fast growth of the U.S. economy over the next year, according to Steven Fazzari, director of the Weidenbaum Center on the Economy, Government and Public Policy.
Price is ripe: Study finds increase in menu prices means decrease in restaurant ratings

Price is ripe: Study finds increase in menu prices means decrease in restaurant ratings

Businesses beware: A price increase for carryout or delivery food means an increase in negative reviews — and a downturn in restaurant reputation, if not demand. And it’s notable that in these COVID-19 pandemic times, an exponential amount of business is being conducted via carryout or delivery. A pair of business researchers, from Washington University […]
This is not the time to raise federal minimum wage

This is not the time to raise federal minimum wage

Radhakrishnan Gopalan, professor of finance at the Olin Business School at Washington University in St. Louis, says President Joe Biden’s plan to raise the federal minimum wage to $15 per hour is too aggressive. His research shows raising the minimum wage now could slow job growth.
The first 100 Biden/Harris days

The first 100 Biden/Harris days

Faculty experts from across Washington University in St. Louis draw upon their research, their instruction, their experience and their thought leadership to proffer insight and ideas for the new administration, the new beginning.
Aid package will only postpone inevitable housing crisis

Aid package will only postpone inevitable housing crisis

As part of the new $900 billion federal stimulus package, the moratorium on evictions for renters will be extended by one month, through the end of January. The help could not come soon enough, says an expert on social and economic development at the Brown School. However, without more intentional, long-term solutions and investments, this aid will only postpone an inevitable housing crisis.
We need economic rescue, and we need it now 

We need economic rescue, and we need it now 

After months of failed negotiations that have left many Americans, businesses and the economy in the lurch, lawmakers are scrambling to reach a deal on an economic stimulus plan that could top $900 billion. If Congress passes the deal, will it do enough to help struggling Americans and businesses stay afloat? To answer that question, three business and economics experts at Washington University in St. Louis shared their thoughts on the proposed plan, what lawmakers got right, what is missing and what ticking time bombs remain.
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