President Joe Biden delivers remarks on the economy from the White House in Washington, D.C., July 19, 2021. (Jonathan Ernst/Reuters) Incentives do matter, and to suggest otherwise is to betray basic principles of economics. In the 1980s, the inventive rock band Devo put forward the theory that mankind was experiencing de-evolution — that by destroying
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“It is unclear whether child-care issues will prevent women from returning to employment as the economy recovers,” wrote economist Betsey Stevenson (University of Michigan) in a July 2020 essay for The Hamilton Project. In the essay, Stevenson laid out a set of economic indicators and issues that if left unresolved, could lead to permanent labor