Heather Boushey Explained

Heather Boushey
Office:Member of the Council of Economic Advisers
President:Joe Biden
Term Start:January 20, 2021
Predecessor:Tyler Goodspeed
Birth Place:Seattle, Washington, U.S.
Spouse:Todd Tucker
Education:Hampshire College (BA)
The New School (MA, PhD)

Heather Marie Boushey[1] (born 1970) is an American economist who currently serves as a member of President Joe Biden's Council of Economic Advisers and the Chief Economist for the Invest in America Cabinet at the White House.[2] [3] Prior to joining the Biden-Harris Administration, she was the president and CEO of the Washington Center for Equitable Growth, which she co-founded with John Podesta. She has also worked as an economist at the Center for American Progress, the United States Congress Joint Economic Committee, the Center for Economic and Policy Research and the Economic Policy Institute. She has written for a variety of publications, including the New York Times,[4] Washington Post,[5] Democracy Journal,[6] and the American Prospect.[7] She regularly appears in the media to discuss economic issues.

The New York Times has called Boushey one of the “most vibrant voices in the field,”[8] and laid out how she is “at the forefront of a generation of economists rethinking their discipline.”[9] Politico has twice named her one of the top 50 “thinkers, doers and visionaries transforming American politics.” [10]

Early life and education

Boushey was born in Seattle and grew up in Mukilteo, Washington.[11] She earned her bachelor's degree from Hampshire College and her Ph.D. in economics from The New School for Social Research.

Career

Boushey's work focuses on the relation between inequality and economic growth.[12] She previously served as an economist for the Center for American Progress, the United States Congress Joint Economic Committee, the Center for Economic and Policy Research, and the Economic Policy Institute.

In 2013, Boushey and John Podesta launched the Washington Center for Equitable Growth, a DC-based research organization at the Center for American Progress, also founded by Podesta.[13] In the year when Boushey resigned to join the Biden-Harris Administration, the organization had a budget of $10 million and the organization had awarded over $6 million in grants to nearly 200 academics nationwide.

Boushey was part of a team advising Hillary Clinton on her economic agenda during her presidential campaign, where she advised her on how to address inequality[14] and a menu of policies to build up the care economy.[15] In July 2016, Boushey was announced as chief economist on the Clinton-Kaine transition following the Democratic National Convention.[16]

Boushey is widely seen as one of the architects of the President’s “middle out” approach to boosting economic growth and part of a slate of economic advisers that commentators saw as signifying a shift in direction for economic policy, which was hailed as a win for progressives.[17] [18] [19] In August 2020, Boushey was featured in a New York Times article focusing on her role in the Biden presidential campaign and the work that she and Equitable Growth have been doing in the wake of COVID-19. Shortly after Biden's victory in November 2020, it was announced that Boushey would serve as a member of Biden's Council of Economic Advisers where she helped articulate his economic agenda.[20] [21] In February 2023, President Biden appointed her to Chief Economist for his newly-formed Invest in America Cabinet.[22] In that role, she helped articulate the economic theory of the case for the invest in America agenda[23] and traveled the country, connecting with communities directly benefiting from the President’s economic agenda.[24] [25]

Boushey has often testified before the U.S. Congress, written for popular media, including The New York Times, The Atlantic, and Democracy Journal, and makes frequent television appearances on Bloomberg, MSNBC, CNBC, and PBS.

Boushey previously sat on the board of the Opportunity Institute. She was a senior fellow at the Schwartz Center for Economic and Policy Analysis at the New School for Social Research, and a Research Affiliate with the National Poverty Center at the Gerald R. Ford School of Public Policy. She has been an associate editor of Feminist Economics, and on the editorial review board of WorkingUSA and the Journal of Poverty.

Analysis of women's participation in the labor force

In response to a series of articles in the New York Times that claimed that highly educated women were dropping out of the labor force because of "the motherhood movement", Boushey published results of econometric analysis that showed that the opposite was true and that these women, along with women and workers in the economy as a whole, were merely suffering the effects of the U.S. recession and jobless recovery.[26] Bureau of Labor Statistics economists Emy Sok and Sharon Cohany found that, in 2005, the participation rate of married mothers with preschoolers was 60%, about 4 percentage points lower than its peak in 1997 and 1998.[27] Economist Saul Hoffman found that, between 1984 and 2004, the presence of children has had a smaller negative impact on the labor force participation of all women aged 25–44 years. This finding confirms Boushey's report of a declining child penalty. However, this effect varies greatly by marital status: The labor force participation rate of single mothers aged 25–44 years increased 9 percentage points between 1993 and 2000, while the rate for single women aged 25–44 years with children aged 5 years or younger jumped a full 14 percentage points over the same period. In contrast, the labor force participation rate for married mothers increased 1 percentage point, and the rate for married women with children aged 5 years or younger was flat.[28]

Criticism from staff

After Boushey's role in the Biden administration was announced, Claudia Sahm, a former employee at Equitable Growth, accused her of mismanagement. Sahm claimed that she had been pushed out of her job after publishing a blog post regarding racism, sexism, and elitism in economics that Boushey took issue with. Equitable Growth denied Sahm's account. Documents released by Wikileaks mention that five former staff members cited Boushey's management as a factor in their resignations. One colleague described Boushey as "phenomenally incompetent as a manager" and others have alleged she was prone to verbal outbursts.[29] [30]

Personal life

On March 31, 2007, Boushey married Todd Tucker,[31] Director, Industrial Policy and Trade at the Roosevelt Institute.

Selected publications

Notes and References

  1. News: Weddings/Celebration; Heather Boushey, Todd Tucker . The New York Times . April 2007 . 14 August 2024.
  2. Web site: Boushey . Heather . Beware of Austerity Demands Once the Immediate Crisis Passes . The American Prospect . April 6, 2020 . 14 August 2024.
  3. Web site: Economy Nominees and Appointees . The White House . 14 August 2024.
  4. News: Boushey . Heather . I'm One of Biden's Advisers. Here's How I Think About His Economic Agenda . The New York Times . September 29, 2021 . 14 August 2024.
  5. News: Boushey . Heather . The left should resist the siren song of 'modern monetary theory' . The Washington Post . 14 August 2024.
  6. Boushey . Heather . A New Economic Paradigm . Democracy: A Journey of Ideas . Summer 2019 . 14 August 2024.
  7. Web site: Boushey . Heather . Beware of Austerity Demands Once the Immediate Crisis Passes . The American Prospect . April 6, 2020 . 14 August 2024.
  8. Web site: Belkin . Lisa . Three Faces of Work-Life Conflict . The New York Times . February 12, 2010 . 14 August 2024.
  9. News: Lederer . Katy . A Gen-X Adviser to Biden Argues Equality is Good for Growth . The New York Times . August 28, 2020 . 14 August 2024.
  10. Web site: https://www.politico.com/magazine/politico50/2015/heather-boushey-ann-oleary/ . .
  11. Book: Boushey . Heather . Finding Time: The Economics of Work-Life Conflict . April 19, 2016 . Harvard University Press . 978-0-674-96862-2 . 14 August 2024.
  12. Web site: Hunnicutt . Trevor . Volcovici . Valerie . Shall . Andrea . Biden set to name senior members of economic team possibly as soon as Monday . Reuters . 14 August 2024.
  13. Web site: Washington Center for Equitable Growth . ProPublica Nonprofit Explorer . May 9, 2013 . 14 August 2024.
  14. Web site: Garcia . Eric . National Journal . Hillary Clinton's Economic Inequality Whisperer . . June 12, 2015 . 14 August 2024.
  15. News: Tankersley . Jim . How Hillary Clinton created her plan for America - behind-the-scenes . The Washington Post . 14 August 2024.
  16. Web site: Schroeder . Robert . Clinton taps inequality expert as her transition team's chief economist . MarketWatch . 14 August 2024.
  17. Web site: Ward . Ian . The Unexpected Ways Joe Biden is Ushering In a New Economic Paradigm . Politico . 14 August 2024.
  18. Web site: LIVE from DC: Redefining the Center (with Heather Boushey) . Pitchfork Economics with Nick Hanauer . 14 August 2024.
  19. Tomasky . Michael . The Middle Out: The Rise of Progressive Economics and a Return to Shared Prosperity . Doubleday . 6 September 2022 .
  20. Web site: Boushey . Heather . Remarks by Heather Boushey on How President Biden's Invest in America Agenda has Laid the Foundation for Decades of Strong, Stable, and Sustained, Equitable Growth . June 2023 . 14 August 2024.
  21. Web site: Foroohar . Rana . Heather Boushey: 'The guardrails have come off the US economy' . Financial Times . 14 August 2024.
  22. Web site: President Biden Announces Key Members of his Economic Team . The White House . February 14, 2023 . 14 August 2024.
  23. Web site: Boushey . Heather . The Economics of Public Investment Crowding in Private Investment . The White House . August 16, 2023 . 14 August 2024.
  24. Web site: Hansen . Piper . White House economist talks Louisville airport improvements, infrastructure funding . Louisville Business First . 14 August 2024.
  25. Web site: Boushey . Heather . Bidenomics in WA: Investing to grow the economy from the middle out . The Seattle Times . November 14, 2023 . 14 August 2024.
  26. News: Uchitelle . Louis . Economy drives women out of U.S. workforce . The New York Times . July 22, 2008 . 14 August 2024.
  27. Sok . Emily . Cohany . Sharon . Trends in labor force participation of married mothers of infants . Monthly Labor Review . February 2007 .
  28. Hoffman . Saul . The changing impact of marriage and children on women's labor force participation . Monthly Labor Review . February 2009 . 14 August 2024.
  29. News: Biden CEA Pick Heather Boushey Criticized by Former Staffer . Bloomberg . December 2, 2020 . 14 August 2024.
  30. Web site: Biden top economic adviser facing accusations of mismanagement, verbal abuse . POLITICO . 14 August 2024.
  31. News: Weddings/Celebrations; Heather Boushey, Todd Tucker . The New York Times . April 2007 . 14 August 2024.