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Dr. Betsey Stevenson

  • Prominent economist and public policy expert
  • Research into everyday impact from economic policies
  • Lyft Board of Directors

About

Translating big-picture economics into everyday household impacts, Dr Betsey Stevenson stands out as the go-to voice in fusing complex economic data with real world forces. Addressing headlines filled with turbulent subject matter including tariffs, trade wars, inflation, and national debt, Betsey balances the conversation by bringing the range of voices inside the circle through clear, forthright, practical language. As professor of Public Policy and Economics in America's Heartland at the University of Michigan, Betsey's influence on front-line thinking reaches beyond the classroom to an impressive set of government and business decision-makers. In short, when Betsey speaks, people listen.

Betsey shares her views on economics as useful in daily life:

Economics has the potential to transform people's lives, since everyone is an economic decision maker. It's an orderly, systematic approach with insights into why the world is the way it is and why we make the choices we do. Right now many feel the economy is rigged against them. We need to design an economy that feels fairer.

With an exceptional background forged in academic, research, business, and executive branch roles, Betsey is known for her fresh perspectives, drawing from both statistical markers and public perceptions to find bellwether indicators missed by others. She is credited with rethinking economics into bite-sized impacts, especially as it shapes American families, applying subjective data on well-being and lifestyle to public policy.

Steeped in first-rate education, Betsey's background includes her BA in economics and mathematics from Wellesley College, followed by her MA and PhD in economics from Harvard University. She currently serves on Lyft's Board of Directors, tapped in particular for her understanding of labor markets. She served as chief economist at the US Department of Labor from 2010 to 2011, and then joined by President Obama's Council of Economic Advisers in 2013 to advise on social policy, labor market, and trade issues. Her analysis of the economy are frequently covered in both print and television media, including CNN, Bloomberg, the New York Times, and other high-profile news outlets.

Motivated by her keen interest in people and their drivers for behavior, Betsey connects through easily-understood language and concepts. She modernized methods in teaching economics with multi-platform learning modules, centered on the textbook Principles of Economics, written with fellow economist Justin Wolfers. Their podcast series “Think Like an Economist” complements the book, created to meet students where they may better absorb information.

Betsey is an excellent speaker for groups across industries and functions, tailoring her content to the needs of the organization. She is available for keynote speeches plus follow-on workshops to drive home real-world economic applications in everyday life. Betsey gives voice to concerns from every corner, aware that economics fundamentally trigger decisions all around us.

Content

News

Topics

  • Every Decision Is Economic: The Role of Economics in Everyday Life. Economics is the study of trade-offs and the ensuing decisions driven by the relative value between choices. Betsey Stevenson takes this further by declaring money as just a measuring tool for trade-off analysis, not necessarily the endgame itself. While economists assume people are rational, Betsey empathizes with everyone trying to live their best lives. She offers timely insights into the resulting impacts for business and society, as households navigate decisions to create their version of the American Dream.
  • From the White House to Your House—The Kitchen Table Impact of Tariffs. Previously tariffs were a complex topic addressed during college macroeconomics classes. Now tariffs are part of daily US news, with confusing and contradictory implications for households at all incomes as well as organizations of all sizes. Betsey Stevenson simplifies the concept of tariffs for any audience, and distills the realities of international trade, finished goods and raw material imports, and more, into the top concerns of American households and businesses—how will new tariffs affect what we spend? Betsey also links tariffs to other key economic factors, including US GDP growth, inflation, American labor markets, and identifies near and long term implications for practical business and personal decisions.
  • The Impact of AI in the Job Market—Evolution or Revolution? Technology has changed—and continues to change—the nature of work, and generative artificial intelligence will accelerate this transformation across work roles, job content, and the makeup of the labor force. While tech to date has largely replaced manual labor, AI will replace brain power. From her vantage in business, government, and academia, Betsey Stevenson offers economic and policy insights into these shifts, with suggestions for organizations to benefit from these inevitable changes.
  • Women in the 2020s—How Are We Doing? Betsey Stevenson presents the complexities assessing the gains and challenges for women in the US today. From years of proprietary research, along with her own frontline perspective, Betsey grasps distinct understandings glossed over by male counterparts. For example, women's happiness has been on the decline since the 1970s, despite great strides in women's rights. Women constantly make trade-offs balancing multiple responsibilities, both at work and at home. Fueled by data-driven insights, Betsey offers her clear-eyed view, as well as on-going questions, to inspire women and signal men on the path to gender equality beyond wage gap parity.

Keywords: economics, public policy, economic policy, kitchen table economics, labor market, jobs, gig economy, women in the workforce, international trade, tariffs, trade deficits, immigration, inflation/stagflation, US debt, economic research

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