Tobias Burns

Worker productivity gains enabled by artificial intelligence (AI) are concentrated at the lower end of the skill and income spectrum, a phenomenon that economists and labor unions warn could supercharge the practice of outsourcing jobs to lower paid regions of the globe. Several recent studies show introducing language-based AI software in the workplace benefits less-skilled...

Inflation in several battleground states in the 2024 election is below the national average — in some cases by more than a full percentage point — as food prices retreat even while housing costs stay hot, according to an analysis of regional Labor Department data by The Hill. Recent polling shows that the economy and...

Rhetoric is heating up on competing visions for taxes from Democrats and Republicans ahead of the 2024 election, which will determine whether the individual provisions in the 2017 Trump tax cuts are extended, modified or thrown into the legislative dust bin. President Biden, lawmakers on key tax writing committees, and tax advocates of various ideological...

Supporters of a bipartisan tax deal that sailed through the House in January are growing impatient as the measure stalls in the Senate amid Republican opposition to the bill’s expansion of a credit for working families. The deal, known as the Tax Relief for American Families and Workers Act, pairs an expansion of the child...

Policymakers are increasingly pointing to an immigration influx and a bolstered U.S. labor force as a main reason the economy did so well in 2023. The U.S. economy defied expectations last year by avoiding a widely predicted recession, with real gross domestic product (GDP) growing by 2.5 percent, unemployment staying below 4 percent, stock markets...

Nineteen million Americans are able to file their taxes using the IRS’s new free online filing program, according to an estimate released over the weekend by the tax collection agency. The estimate means that nearly 12 percent of all individually filed tax returns, which totaled 160.6 million in 2022, can be processed for free online....

A new Biden administration report is raising questions about the cause of rising food prices, which have squeezed U.S. households for years after COVID-19 recession. Profits and inflation surged together in the aftermath of the pandemic, fueling intense debate among economists about the extent to which profits, as opposed to cost increases, were actually driving...

Profits and inflation surged together in the aftermath of the pandemic, leading many market commentators to pin the blame for inflation on corporate greed fueled by fiscal stimulus. Other economists and corporations fired back, arguing that companies are designed to be profit-maximizing and that to assume a new level of avarice on the part of...