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

Publications

By / 10.16.2017

We start with a healthy dose of reality: Since 2000, healthcare and education have been the main sources of private-sector job growth, both nationally and in the heartland states. From home health aides to technicians to physicians, from child care helpers to well-paid professors in private colleges, private-sector healthcare and education jobs have provided a […]

Blog

By / 10.15.2017

With the publication of my WSJ op-ed, “Get Ready for the Internet of Goods,” it’s time to update our  ecommerce analysis for the third quarter. Rather than reaching back to 2007, as previously,  I want to focus on a more recent period. First, take a look at the chart below, which graphs the full-time equivalent […]

Publications

By and / 10.12.2017

When it comes to tech jobs, global hubs like Silicon Valley, New York, and Austin get all the attention. But, to an increasing degree, our research shows tech-driven employment growth is not restricted to those high-profile areas. For example, our widely-cited March 2017 report “How the Startup Economy is Spreading Across the Country—and How It […]

Publications

By and / 10.9.2017

In this new paper,  we estimate that the European App Economy totals 1.89 million jobs as of January 2017, an increase of roughly 15 percent over a year earlier.   In addition, this paper estimates the number of App Economy jobs by country and as a percentage of all jobs on a country-by-country basis. Next, we provide […]

Blog

By / 9.25.2017

We have been focusing in recent months on the expansion of the IT revolution from the digital industries, such as entertainment and communication, to the physical industries such as manufacturing, construction, and transportation. But in some sense, the ultimate physical industry is the Department of Defense, and that’s why we found the latest National Defense […]

Blog

By / 9.20.2017

Everyone knows that Chinese wages have soared in recent years. Factory pay is up 64% since 2011, according to one source. The yuan-dollar rate was 6.38 on September 20, 2011, compared to 6.57 today, virtually no change. So quick quiz. What do you think has happened to the price of imports from China since then? […]

Blog

By / 9.8.2017

Based on newly revised Bureau of Economic Analysis data, we find that rising labor compensation for health care workers accounted for $55 billion, or 40%, of the increase in personal health care spending in 2016. By comparison, in May, 2017, we calculated that pharmaceuticals accounted for only $15 billion, or 11% of the rise in personal health care […]

Blog

By / 9.6.2017

Kodak is regularly held up as an example of how a “real” innovation company behaves. For example, a recent New York Times story compared Apple unfavorably to Kodak, saying. “Think about the contrast between George Eastman, who pioneered fundamental innovations in photography, and Steve Jobs,” Mr. Summers wrote in 2014. “While Eastman’s innovations and their […]

Blog

By / 9.5.2017

The expansion of ecommerce is a significant plus for the income and living standards of high-school educated workers, not a minus. That’s welcome news, as demonstrated in our latest paper, “How Ecommerce Creates Jobs and Reduces Income Inequality:” We estimate that ecommerce jobs in fulfillment centers and ecommerce companies rose by 400,000 from December 2007 […]

Other

The last retail revolution, the rise of the big box store, was not a good thing for the typical sales clerk or cashier. “Warehouse clubs” and “supercenters” started popping up everywhere in the late 1980s. Retail productivity as measured by the government doubled from 1987 to 2007, as this new retail format was more efficient […]