Jared Bernstein
Showing 1–9 of 9 transcripts.
- Goldman Sachs17 min
What will the US presidential election mean for the economy?
Kevin Hassett, Jared Bernstein, Allison Nathan
Former and current Council of Economic Advisers chairs Jared Bernstein and Kevin Hassett debated the U.S. economic outlook, contrasting Bernstein's assessment of a solid expansion with Hassett's characterization of conflicting recessionary and growth signals. Their discussion highlighted sharp divergences on policy, with Bernstein defending targeted tariffs and tax hikes on high-net-worth individuals while Hassett advocated for reciprocal trade measures and warned that raising the corporate tax rate to 28% would stifle growth. Despite these disagreements, both economists acknowledged the potential of expanding tax credits for families and expressed concern over long-term fiscal sustainability regarding deficit levels and the upcoming debt limit crisis.
- Milken Institute1h 0m
Entitlements: A Collision Course With Fiscal Reality
Josh Barro, Jared Bernstein, Andrew Biggs, Chris Hughes, Maya MacGuineas, Eric Schmidt, Andrew McAfee, Jonathan Zittrain, Jared King, Nancy Gertner, David Rockefeller, Anne Coughlin, Eric Schwartzman
A panel of experts including Andrew Biggs and Jared Bernstein addressed the actuarial insolvency of Social Security and Medicare, evaluating revenue increases and benefit adjustments to close the projected 75-year shortfall. The discussion extended to expanding income support through a modernized Earned Income Tax Credit while contrasting these proposals with healthcare reforms aimed at reducing drug costs and leveraging public options. Panelists concluded that political constraints and intergenerational inequities currently prevent necessary fiscal adjustments, creating a gap between public demand for services and willingness to fund them.
- Milken Institute39 min
A Conversation with Jacob J. Lew, Secretary, U.S. Department of the Treasury
Treasury Secretary Jack Lew characterizes Puerto Rico's $70 billion debt crisis as an immediate emergency requiring legislative authority to establish an independent oversight board and prevent a chaotic restructuring that would harm 3.5 million residents and U.S. municipal bond markets. Simultaneously, Lew advocates for comprehensive federal reforms to overhaul the housing finance system, close corporate inversion loopholes, and implement a revenue-generating tax code that addresses broken incentives without relying on revenue neutrality. Complementing these economic measures, the administration announced a redesign of U.S. currency featuring Harriet Tubman on the $20 bill to better reflect American history, while urging bipartisan cooperation to overcome modern political divisiveness.
- Milken Institute1h 1m
Are You Investing in the Workforce of Tomorrow or the Workforce of Yesterday?
Gregory Cappelli, Jared Bernstein, David Burstein, Edith Cooper, John Donovan, Seth Harris, Greg Capelli, John Aucott, Jr., Mike Milkinson, Serena Ross
Moderated by Greg Capelli, a diverse panel of experts from the U.S. Department of Labor, AT&T, and Goldman Sachs debates whether a genuine skills gap exists or if the issue stems from poor employer preparation and outdated hiring models. Participants cite AT&T's successful reskilling initiative and Goldman Sachs' cultural pivot as evidence that defining roles by competency rather than job title can drastically improve retention and adaptability among millennial workers. Despite these corporate successes, the discussion concludes that systemic challenges like the gig economy's shift of training costs to individuals and automation threats to low-skill sectors require new policy frameworks and a fundamental rethinking of benefit structures.
- Milken Institute57 min
Income Inequality: The Moral Issue of Our Time?
Alan Schwartz, Jared Bernstein, Douglas Holtz-Eakin, Garrett Neiman, Sarah Rosen Wartell, Darren Walker
A panel convened by the Ford Foundation, led by Darren Walker, shifts the national discourse from debating income inequality to implementing structural solutions, citing data that reveals the U.S. trails other developed nations in quality-of-life outcomes despite its wealth. Experts including Jared Bernstein and Doug Holtz-Eakin analyze how systemic drivers like racial disparities in the criminal justice system, historical policy exclusions in the GI Bill, and stagnant wage growth have hardwired inequality into the economy. The discussion concludes with specific policy recommendations such as universal Pre-K, infrastructure investments to reverse segregation, and direct job creation for justice-involved individuals to foster economic mobility.
- Milken Institute1h 0m
Closing the Income Inequality Gap
Pope Francis, Christine Lagarde, Jared Bernstein, Beth Ann Bovino, Arthur Brooks, Kristin Oliver, Jeff Green
Panelists including Jared Bernstein, Arthur Brooks, and Jeff Green convened to analyze the destabilizing effects of extreme wealth concentration and the divergence between rising productivity and stagnant wages. The discussion contrasted divergent strategies for addressing inequality, ranging from infrastructure investment and minimum wage hikes to education subsidies and corporate mobility programs like Walmart's recent initiatives. While consensus emerged on the need for aggressive government intervention to restore full employment and social mobility, significant disagreement persisted regarding the specific mechanics of wage policies and their potential impact on low-skilled labor markets.
- Milken Institute1h 0m
Inequality and Mobility in America
Jared Bernstein, Edward Conard, Robert Doerr, Chrystia Freeland
Distinguished economists Jared Bernstein, Edward Conard, and Chrystia Freeland debated the primary drivers of rising U.S. income inequality, with Bernstein attributing it to structural policy failures and financialization while Conard cites global talent shortages and labor supply shifts. The panel further contested empirical data regarding stagnant wages and mobility rates, with Freeland emphasizing the political risks of extreme disparity and Robert Doerr highlighting family structure as a key poverty determinant. To address these challenges, the group proposed divergent solutions ranging from Conard's trade deficit reduction and immigration reforms to Bernstein's full-employment agenda and Freeland's call for inclusive capitalism and universal social safety nets.
- Milken Institute1h 1m
Health Care Delivery in the 21st Century
Sue Siegel, Annie Lamine, Larry Jamison, Jared Bernstein, Peter Bach, Carolyn Gallagher, Rachel Brathen, Eric Schmidt, David Levinson, David Freeman, Jr., Jared Dillian, Jr., John Keegan, David Kelley, Sue Killey, John McCurry, Jr., John McWhorter
A 2013 industry panel analyzed the intersection of $2 billion in digital health investment, escalating pharmaceutical pricing, and systemic inefficiencies driving healthcare to consume 18% of the U.S. GDP. Key stakeholders discussed how venture capital prioritizes waste reduction over profit while hospital systems increasingly acquire physicians to manage EHR costs and leverage drug discount programs. The discussion concluded by highlighting pilot initiatives like Cincinnati's Healthy Cities, which achieved $200 million in annual savings through care coordination, while projecting a future shift toward outcome-based value models.
- Milken Institute59 min
U.S. Tax Reform: What's New, What Would It Mean?
Jared Bernstein, Mark Everson, Nancy Kopp, Phillip Swagel, Liz Claman, Phil Swagel
Prominent experts including former IRS Commissioner Mark Everson and Milken Institute officials Phil Swaggle and Jared Bernstein convened to analyze U.S. tax reform priorities following the financial crisis, focusing on the inefficiencies of current tax expenditures like the mortgage interest deduction and carried interest. The panel identified a critical need to close the $300 billion annual tax gap and eliminate barriers such as the Alternative Minimum Tax that hinder small business innovation and domestic R&D investment. Despite consensus on the necessity of capping deductions and ending corporate tax deferral, the group acknowledged that political gridlock and rigid fiscal rules remain significant obstacles to comprehensive legislative action.