USA

The Washington Center for Equitable Growth’s recently launched U.S. Inequality Tracker uses data from the U.S. Bureau of Economic Analysis to show how income and wealth inequality have evolved in the 21st century. Our analysis of the data through 2023 shows that income inequality has been relatively stable over this time span, while wealth inequality

The 2025 budget reconciliation law that was enacted earlier this month is a sprawling piece of legislation, touching almost every corner of the federal budget and the U.S. economy. It will take years for all the consequences of the law to be fully felt and understood. A preliminary economic analysis, however, reveals 10 especially harmful

In a recent working paper, Equitable Growth grantee Robert Manduca of the University of Michigan, Ann Arbor demonstrates that government transfers make sizable contributions to local economies in much of the United States—and, in many places, comprise a larger part of the local economic base than the largest local private industry. This finding is relevant

Overview Generative artificial intelligence promises to profoundly reshape labor markets, much like previous automation waves did, but with clear differences. Unlike earlier technologies, such as computerization, which primarily automated routine administrative tasks, or robotics, which impacted manual tasks in manufacturing environments, generative AI targets cognitive tasks.1 Exemplified by commercially available large language models, or LLMs,

Introduction The Washington Center for Equitable Growth today launched the U.S. Inequality Tracker, which tracks income and wealth inequality in the United States and highlights how particular components of income and wealth shape those trends. The tracker updates automatically—quarterly for wealth and annually for income—and follows income inequality from 2000 through the end of 2023

Overview Republicans in the U.S. Senate recently passed a version of the One Big Beautiful Bill Act, championed by President Donald Trump. The House of Representatives passed an earlier version of this bill in May and are expected to vote on the Senate’s modified version over the next several days. As we have argued in