Search

Begin New Search Content Type Policy Brief Author Committee for Economic Development of the Conference Board Publication Year within 5 Years

1. Building Infrastructure in Real Time: Avoiding Regulatory Paralysis

Author:
Committee for Economic Development of the Conference Board
Publication Date:
09-2021
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The physical infrastructure base of the US economy, once an advantage in global competition, has become a liability. This problem has multiple causes, several of which CED has addressed in recent policy statements, and our nation’s elected policymakers are now taking up the need for additional funding. But the nation needs not only adequate funding but also a more-efficient regulatory process for our infrastructure investment—choosing the right projects, with the minimum delay, and executing them at the least possible cost. Regulatory paralysis is one of the causes of our infrastructure shortfall. It needs attention if we are going to spend our tax dollars on infrastructure wisely and efficiently so that the US economy remains globally competitive. Streamlining regulatory procedures, promoting competition, and cutting red tape across federal, state, and local governments are key to increasing investment, decreasing cost, and maximizing efficiency. Business as usual will not suffice. It takes too long and costs too much to deliver infrastructure projects, preventing us from achieving the advancements and improvements that a future-focused, competitive economy requires. CED has consistently advocated “smart regulation,” subjecting new regulations to rigorous cost-benefit analysis and reviewing existing regulations for continuing cost effectiveness to enhance efficiency and achieve quicker execution, greater benefits, and lower costs. With long delays between project conception and execution, and often multiple layers of jurisdiction and review, a smart regulation approach could ensure that the rules governing review and permitting of projects address all important concerns and ensure that net benefits are maximized over time at all levels of government on a comprehensive and timely basis.
Topic:
Economics, Infrastructure, Governance, Regulation, Business, Economic Policy, and Strategic Competition
Political Geography:
North America and United States of America

2. A US Infrastructure Plan: Building for the Long Haul

Author:
Committee for Economic Development of the Conference Board
Publication Date:
02-2021
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
Addressing America’s severe infrastructure needs—finally—must be at the top of the nation’s agenda. Improving infrastructure is one of the few issues that enjoys strong bipartisan support among the American public. Eighty percent of Americans support rebuilding our nation’s infrastructure—more than almost any other top issue facing the nation—and roughly two-thirds of Americans rate their own local roads as in fair or poor condition.1 A similar proportion say that the country is not doing enough to meet infrastructure needs.2 Modern, effective infrastructure is essential for virtually all US commerce and, therefore, for growth and prosperity that is widely shared among all Americans. Transportation and other forms of infrastructure must remake themselves to remain productive as the economy changes around them. But the devastating impact of the COVID-19 pandemic on the US economy makes improving our infrastructure, keeping America competitive, and getting Americans back to work that much more urgent. The pandemic has forced an accelerated integration of technology into the work, school and personal lives of many Americans. But that has revealed inequities in access to reliable, high-speed internet. This experience is one more example of how our nation’s deficient infrastructure slows our economic growth generally. Around 24 million US households lack access to reliable, affordable, high-speed internet. If not addressed, weak infrastructure can deprive many Americans of equal access to opportunity. And at the same time, climate change threatens the foundations of our economy.
Topic:
Climate Change, Infrastructure, Economy, Transportation, Sustainability, and COVID-19
Political Geography:
North America and United States of America

3. Broadband Access - Connecting America

Author:
Committee for Economic Development of the Conference Board
Publication Date:
03-2021
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
With most Americans dependent on reliable, high-quality, high-speed internet services to work, train, consult with doctors, or attend school from home, the COVID-19 pandemic vividly demonstrates that affordability and access barriers leave too many families behind. As America’s leaders in business and policy work toward a postpandemic economic recovery that delivers increasing prosperity for American families and preserves our nation’s economic leadership, they must also build toward a vision of a fully wired nation that meets the internet needs of all its citizens. Innovation and competition in information technology have been essential to delivering a higher quality of life and modern commerce, and they will be integral to lasting solutions that close two stubborn gaps that leave a minority of Americans behind. First, millions of Americans—particularly in the least densely populated areas—lack access to reliable high-quality internet services that could connect them to essential educational, employment, and entrepreneurial opportunities. Second, large numbers of low-income Americans with physical access to such services cannot afford them at current market prices, leaving them “underserved,” with less economic opportunity than their higher-income peers. In too many areas, a lack of competition among providers contributes to underservice. As needed internet speeds and associated hardware and technologies have advanced, closing these high-speed internet service gaps—increasing economic opportunity and strengthening businesses and communities—is essential. Policymakers must leverage the dynamism and innovation of the private market, increase competition in the provision of services, and invest wisely to close the gaps, boost deployment and affordability, and meet the universal service and critical technologies goals that have motivated nearly a century of federal telecommunications law.
Topic:
Science and Technology, Communications, Infrastructure, Internet, Economy, and Business
Political Geography:
North America and United States of America

4. The American Jobs Plan: The Made-in-America Tax Plan

Author:
Committee for Economic Development of the Conference Board
Publication Date:
04-2021
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
President Biden proposes to follow up on his $1.9 trillion “American Rescue Plan” with a new “American Jobs Plan” and a “Made-in-America Tax Plan.” A White House fact sheet was released early on Wednesday, March 31. It did not include a clearly itemized cost statement, but the total of the initiatives is apparently in excess of $2 trillion over eight years. Some portion of that cost is claimed to be offset— over 15 years—by corporate income tax increases included in the tax plan.
Topic:
Employment, Tax Systems, Public Policy, and Joe Biden
Political Geography:
North America and United States of America

5. Vaccinating America

Author:
Committee for Economic Development of the Conference Board
Publication Date:
04-2021
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
In December 2020, one year after the COVID-19 virus had been reported in China, the Food and Drug Administration (FDA) granted emergency use authorization in back-to-back announcements for the Pfizer/BioNTech and Moderna/NIAID vaccines. This was by far the fastest vaccine development in history. A typical vaccine took 10 years to develop, with the most rapid previous development being the four years it had taken for the mumps vaccine in 1967.1 And these two vaccines were of a new type, utilizing messenger RNA (mRNA). While mRNA had been studied for years, the unique spike protein of the coronavirus that causes COVID-19 provided a first opportunity to respond with an mRNA vaccine.2 The ensuing technological and scientific success could not have been accomplished without the collaboration of the private and public sectors. The distribution of the vaccine nationally could not have been accomplished without the major delivery companies stepping up to meet the challenges of on-time distribution of the vaccines, which required very cold storage. The research, development, and nationwide distribution of the vaccines has evoked comparisons to the private-public sector collaboration during WWII that led to the Manhattan Project’s rapid and dramatic scientific breakthroughs.3 After death tolls climbed into the hundreds of thousands, the vaccine announcements provided hope that there may be light at the end of the very dark COVID-19 tunnel. By the end of May, the United States is expected to have sufficient vaccine supply for the entire adult American population. But the challenge to manufacture, distribute, and administer the vaccinations quickly, efficiently, and fairly, in a race against continued infection and the emergence of variants of the virus here and all around the world, requires continued collaboration between the public and private sectors. The US and the world must win that race between vaccination and mutation to achieve “herd immunity” and return to normality in daily life and the economy. The stakes are high for both the current crisis and the inevitable pandemics of the future. For this reason, the following analysis offers a diagnosis of the current episode, and recommendations for today and tomorrow.
Topic:
Public Health, Vaccine, and COVID-19
Political Geography:
North America and United States of America

6. A US Workforce Training Plan for the Postpandemic Economy

Author:
Committee for Economic Development of the Conference Board
Publication Date:
04-2021
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
Though the US economy is expected to recover to its prepandemic level of production (gross domestic product or GDP) by the second quarter of 2021, the postpandemic economy will be different in many important ways. The pandemic’s acceleration of trends toward remote work, digital transformation, and automation could permanently reduce demand for low-skill jobs. To build a large and fully competitive US workforce and reduce inequality, aggressive reskilling will be needed. Even before the global pandemic’s onslaught, preparing the future workforce to drive rapidly advancing technology in an increasingly competitive global economy—and minimize the adverse fallout from these trends—was one of the nation’s greatest challenges. COVID-19 has made this challenge more urgent. Now, an estimated 40 percent of workers will need short-term training and reskilling by 2025.1 American leadership, prosperity, and competitiveness will hinge on maximizing the skills of our nation’s workers. The pandemic has disproportionately displaced minority workers, women, youth, and workers with lower educational attainment, many of whom are among the near-record 40-plus percent of the jobless who have been unemployed more than six months. Such displaced workers, or the “long-term unemployed,” typically find it hard to get a new job the longer they are without one. For many of them, securing a new job will require training for skills that are in demand.
Topic:
Partnerships, Economy, Business, Training, COVID-19, and Workforce
Political Geography:
North America and United States of America

7. American Families Plan

Author:
Committee for Economic Development of the Conference Board
Publication Date:
04-2021
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
As the President indicated when he released his “American Jobs Plan” in March, he presented his “American Families Plan” on April 28, the day of his address to Congress. This new plan is additive with the previous one, and would spend (including through tax cuts—$1 trillion in spending strictly defined, and $800 billion in tax cuts) an additional $1.8 trillion, which is proposed to be financed by tax increases on upper-income individuals. (The $2 trillion American Jobs Plan was to be paid for by increased taxes on corporations.) Again, this plan is claimed to be fully paid for over 15 years, with continuing tax increases beyond that time providing net deficit reduction. The American Families Plan, as its name implies, focuses on expenditures and tax cuts for individuals and households, whereas most (but not all) of the American Jobs Plan financed either traditional infrastructure or private research or physical investment. Unless there is a new spirit of bipartisan cooperation, the American Jobs Plan and the American Families Plan will achieve enactment only if combined in a second and final reconciliation bill for the fiscal year 2022 budget enactment cycle, in a process that will surely take months.
Topic:
Infrastructure, Domestic Politics, Tax Systems, Investment, and Deficit
Political Geography:
North America and United States of America

8. Containing the Pandemic Public Debt

Author:
Committee for Economic Development of the Conference Board
Publication Date:
05-2021
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
In early 2020, the COVID-19 pandemic presented the entire world with its worst public health threat in at least a century. The precise seriousness of the pandemic, of course, could not be known at the outset; and in fact, the pandemic is not yet vanquished as this statement is written. The extent of the damage the virus and its mutations will ultimately cause is not yet fully known. But the near-miraculous efforts to develop vaccines, contain the infection, and treat the infected provide much-needed hope that a return to “normal” is not out of reach. The pandemic had economic consequences as well. And like the public health impact, the shock to the economy was large but impossible to assess accurately at its outset. And like the damage to public health, the economic fallout is still impossible to assess today with complete accuracy. For the first time in 100 years, stay-at-home orders to protect the public health spurred an economic downturn and dramatic job losses—leaving a wide swath of businesses in hospitality, travel, leisure, dining, and retail nearly shut down, with entire occupations, such as personal service workers, facing extended layoffs or even permanent job loss. The fates of these businesses and workers are unpredictable, depending on the uncertain course of the pandemic itself. Another similarity between the public health and the economic threats is that prudent public policy required strong and immediate responses. With the ultimate extent of the damage unknown but potentially catastrophic, executive and congressional policymakers deemed it essential that government react swiftly and robustly. Policymakers and commentators repeated often that the nation should err on the side of action—that it would be better to do too much rather than too little.
Topic:
Debt, Economy, Public Health, Pandemic, and COVID-19
Political Geography:
North America and United States of America

9. Voting Rights Issue Briefs

Author:
Committee for Economic Development of the Conference Board
Publication Date:
06-2021
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
Two-thirds of eligible voters participated in the 2020 election, which represented the highest turnout in a national election since 1900, before women had the right to vote. More than 159 million Americans voted, the largest total voter turnout in our history and the first time more than 140 million individuals participated in an election. Turnout rose among all racial and ethnic groups, and for the first time a majority of Americans under the age of 30 cast ballots. This historic level of participation is more remarkable given that the election took place in the midst of the coronavirus pandemic.
Topic:
Elections, Domestic Politics, Voting, and COVID-19
Political Geography:
North America and United States of America

10. Reimagining K-12: Emerging from Disruption with Insights for Reform

Author:
Committee for Economic Development of the Conference Board
Publication Date:
06-2021
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
In March 2020, at the start of the COVID-19 pandemic, K-12 schools struggled to transition to remote learning. School districts across the country with differing budgets and technological infrastructure responded uniquely, achieving differing levels of success. The transition to remote learning during the pandemic exposed a deep digital and device divide, widened achievement gaps between students in low- and high-income households, and imposed a physical and emotional toll. Even prior to the pandemic, according to international assessments of student achievement, American children were performing below the OECD average in math, and performance gaps between low- and high-income students were widening faster in the US than in other countries, especially in reading. Pandemic-related school closures and remote learning mandates exacerbated existing inequities domestically. Remote learning has been widespread during the pandemic. Near the end of the 2020–2021 school year, 49 percent of households with children enrolled in public or private schools reported that children were still receiving at least some virtual or online instruction (Chart 2). (In some cases, this included on-campus students logging on to virtual lessons from inside their classrooms, despite their schools having reopened to physical learning.) Virtual instruction is down to about half from the nearly two-thirds of households who reported children moving to at least some online learning at the beginning of the school year.1 However, more than a year after the onset of the COVID-19 pandemic, many children are still subject to the learning limitations of emergency remote learning models.
Topic:
Education, Pandemic, and COVID-19
Political Geography:
North America and United States of America

11. Global Supply Chains: Compete, Don’t Retreat

Author:
Committee for Economic Development of the Conference Board
Publication Date:
07-2021
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
For decades, global supply chains have become increasingly integral to the US economy and have been embraced by business and successive US Administrations because they increase efficiency and US competitiveness. But over the past several years, criticism has grown beyond the argument that US jobs are being exported to include concern about a more hostile and competitive global landscape.1 Then the COVID-19 pandemic struck, and lockdowns were imposed. Production in general was disrupted, shutting down suppliers and interrupting transportation channels; foreign governments closed their borders or hoarded crucial supplies for their own peoples.2 Prominently, lifesaving supplies—including personal protective equipment (PPE) and pharmaceutical production commodities, often sourced from abroad—were in short supply, putting frontline health care workers at even greater risk and complicating vaccine distribution.3 And then, as the pandemic began to ease and demand for goods increased, the enormous container ship Ever Given was grounded in the Suez Canal for six days, bringing much of goods transport around the world to a grinding halt and raising fears of even greater supply chain bottlenecks and commercial chaos.4 This truly unprecedented turn of events has exposed challenges to US reliance on global supply chains. Critics of the “offshoring” of jobs have assigned much of the economic and even the human pain of the pandemic to unwise and excessive dependence on global supply chains that include countries with “command” economies rather than free-market ones, or hostile nations that are unreliable sources of essential goods. The pandemic has also raised national security concerns about the reliability and resiliency of global supply chains, and businesses have been forced into workarounds of their own practices. Given the size of China’s economy, its extensive role in global supply chains, its growing military strength, and the growing tensions in its bilateral US relationship, China is at the nexus of these major concerns about supply chain resilience. The new administration has responded to this turmoil with a series of policy directives,5 studies on the subject,6 and legislative proposals under active consideration in Congress covering both short-term and medium-term responses, including a twenty-first century industrial strategy—which would be a major change of US policy direction. Global trade in materials, tools, components, and services deserves an immediate assessment of both security and economic needs for the long term.7 Security with prosperity must be the goal, and the nation must fully comprehend the bigger picture to achieve that outcome. This brief will put the role of global supply chains in the US and the world economy in perspective. It will offer recommendations to manage the economic and security challenges of global supply chains in the postpandemic economy to ensure that the US remains an innovative and competitive global leader.
Topic:
Economy, Trade, Strategic Competition, COVID-19, Commerce, and Supply Chains
Political Geography:
North America, Global Focus, and United States of America

12. New York City: Rebuilding a Future-Focused Economy

Author:
Committee for Economic Development of the Conference Board
Publication Date:
08-2021
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
Major shifts are expected in how New Yorkers work in the postpandemic economy—remotely or in the office. But the COVID-19 pandemic has also dramatically accelerated a shift in the sectoral landscape of New York City and the industries in which New Yorkers will work. Restoring the city’s economic dynamism and creating a postpandemic, locally prosperous, and globally competitive economy will hinge on leveraging the city’s growth sectors and ensuring that New Yorkers have the skills they need to rebuild a thriving, future-focused NYC economy. The city lost almost 900,000 jobs during the initial months of the pandemic and had recovered just over half of those jobs by June 2021. Many of these job losses are in sectors that had seen relative weakness prior to the pandemic, including the city’s historically important finance & insurance and real estate sectors. The recovery in NYC has so far been an unbalanced one, lagging behind other major US city centers. Much of NYC’s ongoing economic recovery has been concentrated in health care, life sciences, and the growing tech industry, sectors that were strengthening prior to the pandemic. Indeed, tech jobs were already driving much of the employment growth in NYC before the pandemic. And while office and residential buildings emptied out during the crisis, Big Tech companies—including Amazon, Apple, Facebook, and Google—have increasingly moved in, expanding their office and warehouse spaces and accelerating hiring.
Topic:
International Trade and Finance, Finance, Economy, and COVID-19
Political Geography:
New York, North America, and United States of America

13. Initial Assessment of Early End to Unemployment Benefits: Questionable Impact

Author:
Committee for Economic Development of the Conference Board
Publication Date:
09-2021
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
With the onset of the COVID-19 pandemic, many employers, following guidance or regulation from federal, state and local governments, were compelled to shut down their operations for extended periods of time, affecting millions of workers. Public policy leaders responded swiftly, in order to ease the dramatic shock to those workers and the economy as a whole with redesigned federally enhanced unemployment benefits. In March, the $1.9 trillion American Rescue Plan Act, extended a number of programs that were approved a year earlier to Spetember 6, 2021, including the Federal Pandemic Unemployment Compensation (FPUC) lowered to a $300 supplement; Pandemic Unemployment Assistance (PUA) for the self-employed, gig workers, and others who were not eleigible for standard unemployment insurance; Pandemic Emergency Unemployment Compensation (PEUC) for the long-term unemployed. The bill allowed states to opt out.
Topic:
Labor Issues, Unemployment, Pandemic, and COVID-19
Political Geography:
North America and United States of America

14. Annual Social Security and Medicare Trustees Report Reflects Worsening Economic Environment

Author:
Committee for Economic Development of the Conference Board
Publication Date:
09-2021
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The Trustees of the Social Security and Medicare Trust Funds are required by law to produce an annual report on April 1 of each year. It is by no means a shock that the report is late in any year; it happens often. This year, however, there is probably more of a justification that the report was released only yesterday, five months late. The economic and health care environments are perhaps as chaotic and uncertain as they have been in living memory.
Topic:
Economics, Health Care Policy, and Social Security
Political Geography:
North America and United States of America

15. US Fiscal Health: Is There Life After Debt?

Author:
Committee for Economic Development of the Conference Board
Publication Date:
07-2020
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
Even before the COVID-19 pandemic of 2020, the United States faced the most serious fiscal threat in its modern history. The economic devastation wrought by the outbreak has made the problem far worse. Despite the very serious threat to US fiscal health, this issue does not rank among the top five for American voters in the 2020 election campaign.1 CED addresses the direct impact of the pandemic elsewhere in this series. This CED Solutions Brief will explain why even the prepandemic threat must be a public policy priority.
Topic:
Debt, Health, Capitalism, Fiscal Policy, and COVID-19
Political Geography:
North America and United States of America

16. K-12: COVID-19 Disruption Must Lead To Overdue Reform

Author:
Committee for Economic Development of the Conference Board
Publication Date:
07-2020
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
High quality education is a critical pathway to career success and economic mobility, particularly for students from low-income backgrounds.1 An education system that invests in children beginning at the earliest ages and supports their development as both citizens and skilled workforce entrants of the future—with both in-demand cutting-edge abilities and knowledge and the tools to continue to upgrade their education and training across the course of their career—is a necessity to ensuring that US employers remain globally competitive and that all Americans share in broad-based and growing prosperity in the 21st century. Pre-pandemic, even with low measured unemployment, there were reasons to be worried that US education was failing to live up to its full potential to better serve many students. Employers remained worried about the preparedness of the workforce, with nearly 40 percent of employers reporting that they couldn’t attract workers with the skills they needed, even for entry-level jobs.2 Despite the lure of higher average wages and employment rates for college graduates, a third of recent high school graduates did not enroll in college in October of 2019, and based on past studies, only about forty percent of students who do enroll in college will complete a degree within six years.3 In 2018, nearly a quarter of full-time workers aged 25 to 64 were earning less than $15 per hour and the labor force participation of American workers between the ages of 25 and 54 remained stubbornly low.4 Policymakers, educators, and business leaders were already faced with the task of improving the status quo; as outlined in Early Education and Child Care: The Essential Sector and Developing the Future Workforce: Revitalizing Postsecondary Education and Training After COVID-19, the COVID-19 pandemic has upended the nation’s education and training at every level. Elementary and secondary education is no exception. The disruption to date has already set back student learning, widened existing educational disparities, and placed K-12 schools under enormous pressure to chart a viable path forward through the end of the pandemic even as local conditions remain subject to rapid change.
Topic:
Education, Reform, Economy, Economic Mobility, and COVID-19
Political Geography:
North America and United States of America

17. Developing the Future Workforce: Revitalizing Postsecondary Education and Training After COVID-19

Author:
Committee for Economic Development of the Conference Board
Publication Date:
07-2020
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
Education and training programs prepare not only better citizens but also skilled workforce entrants with in-demand, cutting-edge abilities and knowledge. That preparation is key to ensuring that employers remain globally competitive and that all Americans share in broad-based and growing prosperity. The COVID-19 pandemic has upended the nation’s education and training. Early Education and Child Care: The Essential Sector and K-12: COVID-19 Disruption Must Lead to Overdue Reform outlined the acute disruption to early childhood education and services and elementary and secondary education, but the fallout from COVID-19 has shaken all levels of education and training.
Topic:
Education, Higher Education, COVID-19, and Workforce
Political Geography:
North America and United States of America

18. US Health Care in the Pandemic

Author:
Committee for Economic Development of the Conference Board
Publication Date:
07-2020
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
Within a few short weeks in early spring, the COVID-19 pandemic began to unleash its devastation on the health and economic well-being of the American public. With this attack, it challenged the structure and basic foundations of the US health care system. In response to the growing deluge, US health care workers, public health officials, and health care industry leaders were the front line of defense against the virus. The whole country witnessed their extraordinary courage, fortitude, and rapid and unyielding response. A government stagnated by partisan politics joined to swiftly pass unprecedented relief and support legislation, waive regulation, and launch a historic, large-scale vaccine and treatment development effort in collaboration with the private sector. The US health care system has not collapsed. But as the US emerged from the initial weeks of the swift, unprecedented, and devastating destruction of the COVID-19 global pandemic, several significant shortfalls in the health care system became clear: the ability of the structure of the system to handle the challenge; the nation’s preparedness when the pandemic began; and finally, how the system has performed given the resources we have on hand. These three problems could be restated as: How should the nation change the fundamental structure of the health care system? What should we do now to respond to the current pandemic? And what should we do, once the smoke clears, to prepare for future pandemics?
Topic:
Health, Public Health, Pandemic, and COVID-19
Political Geography:
North America and United States of America

19. Meeting the Upskilling Challenge: Training in the Time of COVID-19

Author:
Committee for Economic Development of the Conference Board
Publication Date:
07-2020
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
COVID-19 has left tens of millions of Americans out of work or uncertain about the future of their current jobs, and thousands of firms urgently reassessing their own viability and path forward. Much remains unknown about the economy that will follow COVID-19. But clearly the pandemic’s whirlwind destruction has, first and foremost, hurt less-educated workers the most, with most of the job losses occurring in manual services, and has accelerated the innovative use of technology in the workplace. These two trends threaten to deepen inequality and add to the urgency of the upskilling and training challenge. Even before the pandemic led to the highest national unemployment rate since the Great Depression, American businesses and workers were anxious about how emerging technologies could potentially change which skills are in demand, and challenge workers to navigate careers requiring continual learning and adaptation.1 Both public policy and private sector leaders must prioritize support for building a US workforce with the necessary skills to outmaneuver this disruption. During pandemic-induced mass unemployment, the first task of policy is to restore as many Americans as possible to gainful employment as soon as the public health emergency allows. But after what is clearly the US’ second sizable economic downturn in barely a decade, workers cannot afford a slow recovery or one that leaves them just as vulnerable as they were before COVID-19 to technological innovation and job displacement. With innovative programs, this current crisis that has idled so many workers can be turned into an opportunity to meet this training and upskilling challenge.
Topic:
Employment, Economy, Training, COVID-19, Workforce, and Skills
Political Geography:
North America and United States of America

20. 2020 Election: Achieving a Safe, Accessible, and Credible Election during COVID-19

Author:
Committee for Economic Development of the Conference Board
Publication Date:
09-2020
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The 2020 general election is already underway, with absentee ballots being mailed out and collected in some states. And what seemed worryingly possible in the spring is now inevitable: the COVID-19 pandemic will be an important factor in the conduct of this fall’s election. Every community must address the public health threat and facilitate safe participation. Policymakers, election officials, and business leaders must ensure that voters need not choose between exercising their franchise and protecting their health, and that the election itself does not further spread COVID-19.1 The Committee for Economic Development of The Conference Board (CED) strongly believes that transparent, fair, and accessible elections are fundamental to the confidence of US citizens in their government and its leadership, and to the long-term health of the US economy. In May, June, and July, CED called on Congress to provide states with funding to conduct a safe, accessible, and credible election in the midst of a pandemic. With the election in progress, and Election Day less than two months away, the states and local communities, with or without federal support—including leaders in the business community—must act to meet those goals. As explained in this Solutions Brief, there is still time to protect voters and poll workers and maintain trust in the conduct and outcome of elections. Fortunately, effective measures are already in force in pockets of the country, with states and election officials needing only to replicate the best preparations and practices nationwide. This brief outlines recommendations policymakers should adopt to improve operations in their jurisdictions. Given the public health challenges involved, business leaders will also play a critical role in protecting their employees, customers, and communities during a successful election. To the extent possible, business leaders should take the concrete steps outlined in the brief to assist in the election effort.
Topic:
Elections, Economy, Business, Domestic Politics, and COVID-19
Political Geography:
North America and United States of America

21. What to Expect: The Biden Health Care Program

Author:
Committee for Economic Development of the Conference Board
Publication Date:
11-2020
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
During the primary campaign, Biden engaged in a lively debate over the future of the US health care system with the other Democratic contenders. No candidate for the Democratic nomination expressed satisfaction with the current system; the differences among the candidates centered on the degree of change that they advocated. The dissatisfactions of all of the candidates included the cost of and access to care, as well as the quality of care that Americans receive. Several of candidate Biden’s opponents advocated a fundamental shift to a “Medicare for All” program, which would abolish private insurance outright and instead put every American onto an administered-price, fee-for-service system like today’s traditional Medicare, with broad coverage of services (adding vision, dental and long-term care coverage) and no (or very low) deductibles and copayments. (Even the current popular Medicare Advantage program would be abolished, and all of its senior enrollees would be forced onto Medicare for All.) Then in the general election campaign, President Donald Trump tried to associate former Vice President Biden with the Medicare for All proposal, but the Vice President countered aggressively that he had campaigned and won against Medicare for All in the primaries.
Topic:
Health Care Policy, Elections, Domestic Politics, and Joe Biden
Political Geography:
North America and United States of America

22. Coronavirus Policy Under a Biden Administration

Author:
Committee for Economic Development of the Conference Board
Publication Date:
11-2020
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
now appears almost certain that former Vice President Joe Biden will assume the office of President on January 20 of next year. The President-elect today announced the membership of a new thirteenmember advisory board of non-governmental experts to develop recommendations so that they can be implemented by his new Administration, further emphasizing that this is the priority focus of his transition. This memo, covering the handling of the coronavirus pandemic, is the first in a series of short pieces to explain what you can expect from the new Administration. Candidate Biden’s campaign laid out in considerable detail a five-point program (counting the number of major headings in the document; some news outlets specified six) for how he would attack the pandemic, which was claimed to be sharply different from the practices under the Trump Administration. President-elect Biden yesterday stood up his new transition website, with what is now characterized as a seven-point plan, which is shorter (a little more than one-seventh the word count) and less-detailed than the campaign document. And the President-elect today announced the membership of a new thirteen-member advisory board of non-governmental experts to develop these recommendations so that they can be implemented by his new Administration.
Topic:
Health Care Policy, Elections, Public Health, COVID-19, and Joe Biden
Political Geography:
North America and United States of America

23. COVID-19’s Impact on Women in the Workplace: Avoiding a Major Setback

Author:
Committee for Economic Development of the Conference Board
Publication Date:
12-2020
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The disproportionate impact of COVID-19 on industries where women are heavily concentrated combined with the virus’s debilitating impact on child care options and in-person schooling threatens progress in the integration and representation of women in the US economy. Even if the reversal proves temporary, as is likely, the career consequences of the pandemic for individual women could have long-lasting effects and slow future progress.1 When talented workers sit on the sidelines or are prevented from fully contributing to the workforce, those workers are not the only ones affected. The economic strength of the entire nation suffers for the duration of those workers’ entire careers, and employers miss out on an important competitive resource. Thus, the impact of COVID-19 on women is a first-order national concern. Women are a vital part of the American labor force, both as nearly half of workers, and, as the primary facilitators of work by others through formal and informal caretaking roles. Even if progress in more fully integrating women into all aspects and levels of the economy has, at times, been slow, it has also been one of the most important sources of strength for the American economy over the past half century.3 The continued lowering of barriers and further economic integration of women into all fields and roles in proportion to their talents remains one of the surest paths to increasing the size, skill, and contributions to innovation of the American workforce.4
Topic:
Women, Employment, Inequality, Economy, COVID-19, and Workforce
Political Geography:
North America and United States of America

24. Today’s Infrastructure Improvements Will Drive Tomorrow’s Economy

Author:
Committee for Economic Development of the Conference Board
Publication Date:
03-2020
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
Few issues enjoy such broad bipartisan consensus as the failings of American infrastructure. Roughly two-thirds of Americans rate their own local roads as only in fair or poor condition, and a similar proportion say that the country is not doing enough to meet infrastructure needs, making infrastructure a top-tier issue in 2020. With Treasury Secretary Steven Mnuchin signaling that infrastructure spending is a priority for the administration if economic stimulus is required to address slowdowns in the economy due to COVID-19, the US approach to infrastructure projects is poised to become an even more pressing issue. Modern, effective infrastructure is an essential requirement for national commerce—and for growing and widely shared prosperity—even as changes in technology drive changes in infrastructure requirements. While definitions vary, a 2019 Trump administration executive order defined infrastructure projects as those relating to surface transportation; aviation; ports; water resources projects; energy production, generation, storage, transmission, and distribution; broadband internet; pipelines; stormwater and sewer infrastructure; drinking water infrastructure; and cybersecurity. Efficient investment in cutting-edge infrastructure connects businesses and workers to more opportunities, increases productivity, and undergirds American competitiveness. Thus, US infrastructure is vital to sustain capitalism and maintain US economic leadership. However, the US routinely lags other advanced nations in infrastructure quality and, when considering the size of its economy, infrastructure investment.
Topic:
Economics, Infrastructure, and Economy
Political Geography:
North America and United States of America

25. Smart Regulation in a Post-COVID-19 Economy

Author:
Committee for Economic Development of the Conference Board
Publication Date:
04-2020
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The COVID-19 pandemic has put regulation issues front and center in every American’s life. Within a few short weeks, 41 out of 50 states have issued stay-at-home orders,1 and regulations governing many other aspects of all Americans’ public lives are now imposed because of COVID-19. Among a long list of constraints, nonessential businesses, many of them small businesses, have been required to cease or sharply curtail their services. Schools have been closed, access to parks and outdoor spaces has been restricted, and other staples of all Americans’ public lives, including large gatherings, have been restricted. On the other hand, and more than ever before, Americans have seen other regulations lifted rapidly, particularly in the heavily regulated health care sector. Constraints on testing, laboratories, out-of-state health care workers, vaccine R&D, telemedicine, ventilator production, and infrastructure expansion have been relaxed. Even more extensive relief has addressed the unprecedented havoc that COVID-19 has unleashed on American society, public health, and the economy. Restrictions on work at home, online courses at colleges and universities, the transport of food and alcohol, and hours truck drivers can be on the road are all being lifted or relaxed to meet the demands of the crisis. Restrictions on the production of hand sanitizer and the amount that the Transportation Security Administration (TSA) allows passengers to carry on airplanes have also been relaxed.
Topic:
Regulation, Economy, Business, and COVID-19
Political Geography:
North America and United States of America

26. Technology and Innovation Solutions Must Lead the Way to COVID-19 Recovery

Author:
Committee for Economic Development of the Conference Board
Publication Date:
05-2020
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The COVID-19 pandemic is disrupting the US and world economy with unprecedented speed and scope, drastically altering the daily experiences of millions of Americans. As private and public leaders in the US race to suppress the outbreak and begin reopening the economy, educators, employers, and service providers are seeking new or different ways of doing business to preserve learning, productivity, and well-being. Aided by US capitalism’s long history of boundary-pushing advancements in science and technology, the US response—ranging from tracking the virus’s spread to shifting commerce to virtual tools and platforms—will draw on rapid adoption, adaptation, or improvement of technologies as well as faster-paced innovation. Under pressure of the public health crisis, many organizations will accelerate technologies in their daily practice, advancing the timeline for cutting-edge business and social services. America is in a strong position to innovate to address this and future pandemics. However, it must also address the spotlight COVID-19 has shone on critical shortcomings with US technology, its accessibility, the regulations governing its application and use, and the privacy and public health trade-offs for policy makers and private sector leaders. As this report explains, policy makers and business leaders must address these critical shortcomings with new approaches including: Funding states and localities so all Americans have access to broadband during lockdowns to access services and distance learning; a “digital divide” that was problematic before the crisis is crucial during social and economic restrictions when even some basic services are provided only remotely; Changing regulations—some temporarily, others permanently—to support innovation and experimentation to address the immediate and potential future public health crises, including relaxing restrictions to speed vaccine development, expanding telemedicine, and improving monitoring and tracking of the outbreak; Removing unnecessary roadblocks to faster and more effective adoption of digital tools to improve remote work, medicine, and learning capabilities while protecting data privacy; and Replacing outdated public-sector IT systems to increase flexibility and reliability in providing relief and serving families and businesses. After this crisis, technological innovation will remain critical to the nation’s economic strength—ensuring that the US remains globally competitive and achieves prosperity. The US must use this moment as a turning point, not only to address the immediate crisis but to bolster its technology and innovation edge to compete globally and respond to unforeseen challenges and crises in the long term.
Topic:
Science and Technology, Business, Innovation, COVID-19, and Digital Policy
Political Geography:
North America and United States of America

Refine your search