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PFML v. FMLA: To Pay or Not to Pay Leave-Takers
/in Blog, Blog: Economy /by Sarah DelanoCongress passed the Family and Medical Leave Act in 1993 to ensure citizens’ job security should they need to take an extended leave, but it did not require any replacement wages to be paid for that time period. Then, Massachusetts passed their Paid Family and Medical Leave law in 2018 which set out requirements for employer and employee contributions to a PFML fund so that employees could get paid in addition to keeping their jobs should they need to take leave for certain reasons.
Online Sports Betting as a Form of Tax Revenue
/in Blog, Blog: Economy /by Teddy WynnThe legalization of sports betting in Massachusetts has been successful so far in terms of bringing in tax revenue. Although there’s a chance for a dip in volume this summer, it will continue to be a strong source of revenue for the commonwealth.
A Tale of Two Massachusetts: Wealth and Labor Differences Between East and West
/in Blog, Blog: Better Government, Blog: Economy, Economic Opportunity /by Peter MentekidisThis blog compares the income, wealth, and property values of western Massachusetts to those of eastern Massachusetts, highlighting the west’s potential for growth.
Unemployment: A Massachusetts vs. New England Comparison
/in Blog: Economy /by Sarah DelanoMassachusetts has seen a trend of above average unemployment rates in comparison to other New England states in recent years. This may be attributed to the greater average unemployment benefit payouts, and duration of benefits, which Massachusetts has had.
Hampden County Resilience: Thriving Despite Manufacturing Decline
/in Blog, Blog: Economy /by Teddy WynnHampden County has experienced decline in its manufacturing sector, a former backbone of its economy. However, the county has still experienced this in spite of this, showing growth in new sectors.
State, Regional, and National Employment Trends Point to an Aging Workforce: Part Two
/in Blog /by Sarah DelanoThis blog furthers the discussion about the aging workforce by examining how decreased employment among young people as they turn to education instead impacts the issue. Then, it explains the implications of an older workforce on the future of labor and productivity in the U.S.
State, Regional, and National Employment Trends Point to an Aging Workforce: Part One
/in Blog /by Sarah DelanoThis blog explores the factors which have contributed to observed trends of increased employment among the 65 and older demographic in Massachusetts, New England, and the United States at large, as it pertains to the aging of the workforce.
The MassLottery: A Bay Stater’s Favorite Pastime
/in Blog, Blog: Economy, Massachusetts Economy, News /by Peter MentekidisThe Massachusetts lottery made $5.9 billion in 2021, making it the fourth-highest source of revenue for the state. This confirms a long-standing trend: that Massachusettans love to play the lottery.
Massachusetts is Losing Taxpayers to More Tax-Friendly States
/in Blog /by Sarah DelanoThis post explores the difference among tax policies in Massachusetts, New Hampshire, and Florida in order to explain the increasing amount of Massachusetts residents who are migrating from the state. Tax-friendly policies are very alluring to Massachusetts residents, seeing as the state is actually increasing the personal income tax rate rather than try to lower taxes, as both New Hampshire and Florida have done.
Healthcare: Suffolk County’s Biggest Driver for Labor and Employment
/in Blog, Blog: Economy, Blog: Healthcare /by Teddy WynnSuffolk County employment and labor trends have seen steady growth over the past 15 years. The rise of establishments and employment in the health care sector has directly contributed to these trends. Suffolk County has now surpassed Worcester and Essex counties in labor force and employment numbers.
The Confounding Massachusetts Estate Tax
/in Blog, Blog: Better Government, Blog: Transparency /by Peter MentekidisThe estate tax has become an increasingly significant source of revenue for the Bay State in recent years. Why is this: and is it a good thing?
Massachusetts’ Misguided Middle-Class Health Insurance Subsidy Expansion
/in Blog, Blog: Healthcare, Health Care, Health Care Policy (Federal), News, Pioneer Research /by Joshua ArchambaultA proposal on Beacon Hill to expand insurance subsidies up to 500 percent of the federal poverty level, could push the small business insurance market into a death spiral, without reducing the number of uninsured and hurting those with preexisting conditions.
A Model for Occupational Licensing Reform in the Bay State
/in Blog, Economic Opportunity /by Aidan EnrightLicensing for many professions squeezes the supply of services, artificially inflating prices and creating wage premiums. One study from the Institute for Justice put the wage premium relative to an environment without any occupational licensing at a whopping 22 percent in Massachusetts.
A History of Rent Control Policy in Massachusetts
/in Blog, Economic Opportunity /by Aidan EnrightWhile many may only remember the 1994 referendum and the laws that gave rise to it, rent control policies – and opposition to them – stretch back more than a century in Massachusetts. The laws themselves varied widely from era to era, but the reasons for them – housing shortages and a lack of affordability – have been consistent. State and local lawmakers have each seen rent control as a way for the government to mandate affordability in the housing market. Yet, as tempting as price controls have been, every policy of its kind has eventually gone out of favor. Often the result of those policies’ negative externalities, like housing disrepair; reductions in supply; gentrification; and the misallocation of rental […]
Corporate Ownership: A Threat to Housing Affordability?
/in Blog, Economic Opportunity /by Aidan EnrightAn increase in corporate ownership of housing has some experts worried about potential consequences of such a shift. One study found a link between LLC ownership and housing stock that is in disrepair, with more rapid deterioration than would be expected if ownership had not changed.