The prices of gas, home energy and food all spiked by double digits over the past month, but wages aren't keeping up, with annual inflation now topping 9%. "It’s leading to a very sour mood,” said James W. Hughes, dean emeritus at Rutgers University’s Edward J....
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NJ gas prices are trending down but experts are worried
Rutgers economist James Hughes said even if President Joe Biden is able to convince Congress to freeze the 18.4 cent a gallon federal gas tax for the next few months and Gov. Phil Murphy agrees to suspend the state gas tax (an idea he has rejected so far) “that would...
New Jersey wineries battle rising cost of packaging, shipping wine
Wineries are being hit hard by the high cost of supplies, and they are also facing supply shortages. While there isn't a wine shortage, the cost to package and ship bottles of wine has gone up, according to some employees at wineries in New Jersey. *********** A local...
NJ economic outlook – Will prices keep spiking?
As we head into the second half of 2022, what is the economic outlook for New Jersey? The state’s top economist said a number of variables are pulling us in many directions. Rutgers University economist James Hughes said inflation is embedded for the time being, with...
Political wrap-up: The 3 -tions: Inflation, Abortion, and the Election
Wrapping up with three hot topics in national politics, the important races of the 2022 midterm elections, and what inflation and abortion could mean for the election.
Gas prices rise to record highs again
Gas peaked at $1.39 a gallon back then, which would be $4.52 today. Action News spoke to Michael Lahr, an economics professor at Rutgers University. "What may happen, not real soon though, is that companies will use these raises in prices to invest in capital to get...
New Jersey State Policy Lab: Guilt Tipping and the Inflated Default Tip
Why do we feel guilty about tipping pressures at establishments where only a tipping jar previously existed? And why are tips inflating as a percentage of the bill?
Trends in American Opinions about Jobs, 2010 to 2021
A new Work Trends research brief titled includes selected trend data about work, the job market, and job security.
New Jersey Policy Lab: A Primer on Housing Markets with a Bird’s Eye View on New Jersey
Expect telecommuting and surge of millennials forming families to push housing demands in NJ, especially in “good” school districts. Lahr notes a widening gap between housing starts and completions–due to supply chain challenges–and considers pandemic impacts on low-income households.
Philadelphia’s soda tax added jobs thanks to increased funding for child care, a new study says
The Rutgers study took a macroeconomic approach in an attempt to look at the ripple effects of the tax, and not just its impact on directly affected industries. Michael L. Lahr, a public policy professor at Rutgers and the study’s primary author, said he expected to...
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2025 Bloustein Alumni Awards Celebration
Zimmerli Art Museum at Rutgers University 71 Hamilton Street, New Brunswick, NJ, United StatesSince 1994, the Bloustein School Alumni Association has aimed to present awards to accomplished alumni each year. Our goal is to pay tribute to alumni and friends to recognize their […]
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Gov. James J. Florio Special Events Forum, CSB 33 Livingston Avenue, New Brunswick, NJ, United StatesInformatics - Data Science - AI Competition Step into the future of innovation! RAISE-25 will challenge you to unravel the scope of AI's impact on our lives and human society. […]