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One of the least enjoyable aspects of working is the process of actually getting to work—and government policies are making it worse.
The country can do better, and changes to public policy—including trade policy—can help.
A #NewWorker 🧵
The country can do better, and changes to public policy—including trade policy—can help.
A #NewWorker 🧵
Nearly 85% of Americans drive a car, truck, or some other vehicle to work and back.
Millions more commute using mass transit systems that are unnecessarily costly, slow (average one-way bus commute time: 46.6 minutes), or unreliable.
Millions more commute using mass transit systems that are unnecessarily costly, slow (average one-way bus commute time: 46.6 minutes), or unreliable.
The average price of a new auto last year reached over $47K. Used car prices now avg over $27K.
Tariffs are partly to blame. Typically around 2.5%, they can spike as high as 25% for light trucks.
Tariffs on steel used to make cars & items like tires further increase costs.
Tariffs are partly to blame. Typically around 2.5%, they can spike as high as 25% for light trucks.
Tariffs on steel used to make cars & items like tires further increase costs.
Fwiw, flights are on time (mostly), boarding, and taking off here at RDU.
Of course, I just jinxed it.
Regardless, I enjoy how the FAA implied it basically unplugged the whole US air traffic control system and plugged it back in again. Just like us!
Policymakers tend to forget that all American workers are also American consumers, spending a significant portion of their paychecks on essentials like clothing, food, shelter, and energy. A #NewWorker 🧵: cato.org/empowering-new… @CatoInstitute
Yet, many policies intentionally raise the prices of necessities, reducing workers’ real household incomes and living standards.
This hurts poorer Americans the most because they spend a greater share of their total compensation (including taxes and government transfers) on necessities.
