Housing represents about a third of the value of the market basket of goods and services that factor into the Consumer Price Index, a key measure of inflation. David Wessel and Sophia Campbell explain how the government measures rising housing costs, which contributed significantly to the recent increase in inflation.
Elon Musk’s negotiations to take over Twitter have highlighted the importance of AI-based recommendation systems in discussions of free speech and misinformation spreading online. Justin Bullock and Anton Korinek explain why (and how) these systems should be designed to promote broader societal values, not just user engagement.
The ecosystem of free and open source software—software with publicly available code—is indispensable to the modern economy, with thousands of public and private systems using it as a foundation. Frank Nagle outlines a policy agenda to strengthen and secure this digital infrastructure.
Since mid-2021, real wages have been below their pre-pandemic level and even further below where they would be if they continued along their pre-pandemic trend, according to recent analysis by Wendy Edelberg and Mitchell Barnes.
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