This week's IGM European Economic Experts Panel statements:
A) Holding labor market institutions and job training fixed, rising use of robots and artificial intelligence is likely to increase substantially the number of workers in advanced countries who are unemployed for long periods.
B) Rising use of robots and artificial intelligence in advanced countries is likely to create benefits large enough that they could be used to compensate those workers who are substantially negatively affected for their lost wages.
Keyword: social welfare
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This week’s IGM Economic Experts Panel statement:
Providing state and local subsidies to build stadiums for professional sports teams is likely to cost the relevant taxpayers more than any local economic benefits that are generated.
This week's IGM European Economics Experts Panel statements:
A) Freer movement of goods and services across borders within Europe has made the average western European citizen better off since the 1980s.
B) Freer movement of goods and services across borders within Europe has made many low-skilled western European citizens worse off since the 1980s.
This week's IGM Economic Experts Panel statement:
An annual December spending surge on parties, gift-giving and personal travel delivers net social benefits.
This week’s IGM Economic Experts Panel statement:
The 9% cumulative increase in real US median household income since 1980 substantially understates how much better off people in the median American household are now economically, compared with 35 years ago.
This week’s IGM Economic Experts Panel statement:
A) Declining to be vaccinated against contagious diseases such as measles imposes costs on other people, which is a negative externality.
B) Considering the costs of restricting free choice, and the share of people in the US who choose not to vaccinate their children for measles, the social benefit of mandating measles vaccines for all Americans (except those with compelling medical reasons) would exceed the social cost.
This week’s IGM Economic Experts Panel statement:
A typical country can increase its citizens’ welfare by enacting policies that would increase its trade surplus (or decrease its trade deficit).
This week’s IGM Economic Experts Panel statements:
A) By lowering bargaining costs, fast-track negotiating authority for the president makes it more likely that the U.S. can conclude major trade deals.
B) Past major trade deals have benefited most Americans.
This week’s IGM Economic Experts Panel statements:
A: Because the US has underspent on new projects, maintenance, or both, the federal government has an opportunity to increase average incomes by spending more on roads, railways, bridges and airports. (The experts panel previously voted on this question on May 23, 2013. Those earlier results can be found here.)
B: Past experience of public spending and political economy suggests that if the government spent more on roads, railways, bridges and airports, many of the projects would have low or negative returns. (The experts panel previously voted on this question on May 23, 2013. Those earlier results can be found here.)
This week’s IGM Economic Experts Panel statements:
A: The average US citizen would be better off if a larger number of low-skilled foreign workers were legally allowed to enter the US each year.
B: Unless they were compensated by others, many low-skilled American workers would be substantially worse off if a larger number of low-skilled foreign workers were legally allowed to enter the US each year.
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