High-income earners have sturdier safety net after job loss

In the spring of 2020, COVID-19 caused an estimated 22 million job losses (13% of the total workforce). Congress' new $900 billion pandemic relief package is the second largest in U.S. history, but it only extends federal ...

Facebook is free, but should it count toward GDP anyway?

For several decades, gross domestic product (GDP), a sum of the value of purchased goods, has been a ubiquitous yardstick of economic activity. More recently, some observers have suggested that GDP falls short because it ...

Scientists show how species diversity can pay dividends

For decades, conservationists have focused on the possible costs of extinction: the effects on a lost species' predators, prey and environment, or the effects on people who can no longer use the species for food or clothing. ...

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