People / Staff

Michael Mandel

Dr. Michael Mandel is chief economic strategist at the Progressive Policy Institute in Washington, where he supervises PPI’s research and policy work across a wide range of topics, including the data-driven economy, the impact of regulation on innovation, and policies to improve production, investment and job growth in the United States and globally. Mandel was co-principal investigator for a Sloan Foundation grant on “Measuring the Impact of Globalization.” Mandel has testified before Congress on impact of regulation on innovation.

Mandel also holds an appointment as senior fellow at Wharton’s Mack Institute for Innovation Management at the University of Pennsylvania, and serves as president and founder of South Mountain Economics LLC, which provides expertise on emerging occupations and emerging industries.  South Mountain Economics is best known for its research reports on the App Economy, which have been cited in a recent White House report, and publications such as the New York Times, Bloomberg, Boston Globe, the Financial Times, the Atlantic, Time, and Forbes.

Mandel received a Ph.D. in economics from Harvard University and formerly served as chief economist at BusinessWeek, where he directed the magazine’s coverage of the domestic and global economies. While at BusinessWeek, Michael was named one of the top 100 business journalists of the 20th century for his writings on innovation and growth. He received multiple awards for his work, including the Gerald Loeb Award for Business and Financial Journalism.  He is the author of four books including Rational Exuberance: Silencing the Enemies of Growth and Why the Future Is Better Than You Think. He is currently revising the third edition of his introductory economics textbook, Economics:The Basics.

Writings

Blog

By / 6.23.2017

Michael Mandel, chief economic strategist at the Progressive Policy Institute, joined Alphachat to talk about his report, “The Coming Productivity Boom”, co-authored by Bret Swanson of Entropy Economics. Mandel argues that the decades-long productivity stagnation will end once companies in the “physical” industries — transportation, construction, manufacturing, healthcare, wholesale and retail trade — start investing […]

Blog

By / 6.18.2017

On June 7,  Axios  journalist Chris Matthews wrote a piece “Big Companies, Fewer Workers”  that said: The five most valuable companies in the U.S. are all technology firms that employ far fewer workers than their industrial predecessors. He echoes a common complaint. But is it really true? I decided to  compare employment at today’s most valuable […]

Blog

By / 6.1.2017

Innovation is the foundation of growth. As innovation spreads to the physical industries, the result is higher wages, lower costs, and a more dynamic economy, as we showed in our recent report, The Coming Productivity Boom. But innovation in physical industries  has proceeded slower than we might have wanted, In part, that’s because promising technologies […]

Blog

By / 5.29.2017

For the past several years, PPI has analyzed the key drivers of health care costs. This year, as the Senate considers repealing the ACA, it’s especially important to correctly attribute the causes of rising health care costs. Our main result is that rising labor compensation for health care workers accounted for 44% of the increase in personal […]

Blog

By / 5.18.2017

The FCC, under Chairman Ajit Pai,  voted today to start the process of eliminating Title II rules on ISPs. We applaud his move. As we have said before, the Internet was thriving under the light-touch regulatory regime that preceded Title II. Indeed, government data shows that the telecom industry was one of the top contributors to US […]

Op-eds and Articles

By / 5.15.2017

The problem today is too little technology. Physical industries haven’t kept up. Some anxious forecasters project that robotics, automation and artificial intelligence will soon devastate the job market. Yet others predict a productivity fizzle. The Congressional Budget Office, for instance, expects labor productivity to grow at the snail’s pace of 1.3% a year over the […]

Blog

By / 5.12.2017

This post updates our March 2017 paper on ecommerce jobs, based on the latest data from the Bureau of Labor Statistics  (we also call this sector “advanced distribution”) . Here’s what we find: Since the last business cycle peak, December 2007, the number of ecommerce jobs is up by 397,000. These gains are being driven […]

Blog

By / 5.9.2017

One of the bright spots for the Illinois labor market in recent years has been the App Economy. By the estimate in our just-released report, Illinois had 72,000 App Economy jobs as of December 2016, ranked number 6 in the country, just behind Massachusetts.  These jobs have all been created since 2007, when Apple introduced the […]

Blog

By / 5.3.2017

In this paper PPI estimates that App Economy employment in the United States totaled 1.729 million as of December 2016.  Based on our previous work, the number of App Economy jobs in the United States has nearly quadrupled over the past five years, growing at a 30 percent annual rate. Looking at the top mobile operating systems, […]

Blog

By / 4.7.2017

There is a huge debate about whether automation leads to an aggregate loss of jobs. On the one side are those who believe that robots are about to unleash a massive wave of job destruction, rendering most of us superfluous. On the other side are those who are skeptical about the value of new technologies, and believe […]