alexolegimas@alexolegimas16h ago

Second, no single policy is a silver bullet; there are serious tradeoffs across every dimension and durability scenario; policies that are easier to implement and command broad support are not durable to more transformative scenarios. At the same time, the analysis identifies policies that lay on the Pareto frontier of the dimensions we study, which points to a sequence of ``least-regret'' policies, which are triggered based on different economic scenarios. This sequence includes an expanded Unemployment Insurance, modernized Earned Income Tax Credit, and employee-led retraining programs for Mild scenarios; the EITC transitioning to a Negative Income Tax for Moderate scenarios; and a Universal Basic Capital backstop for more extreme, full transformation scenarios. 4/n