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 / 2.20.2018

Distressingly, the labor share of income in the US has been on a long -term downward trend. Indeed, the labor share  is lower now than it was in 2006, before the last recession. Recent research has proposed that the labor share has fallen, in part, because market power has been increasing across the US economy. […]

Blog

By / 2.16.2018

Overall, 2017 was still a weak year for wage growth. In the private sector, real hourly wages for production and nonsupervisory workers rose only 0.2% in 2017, the slowest rate since 2012. However, production and nonsupervisory workers did do significantly better in some industries. The table below lists the top 2017 increases in real hourly […]

Blog

By / 2.13.2018

In light of the FTC confirmation hearings tomorrow, we’ve been thinking about competition policy. We would like to propose a different approach to competition policy, one that goes far beyond Chicago-style antitrust analysis. There’s little doubt that recent research has conclusively demonstrated increased concentration across almost every sector of the US economy over the past […]

Blog

By / 2.2.2018

In this note we summarize the growth in ecommerce jobs in 2017, based on the methodology described in our September 2017 report,  “How Ecommerce Creates Jobs and Reduces Income Inequality.” We find that the number of ecommerce jobs rose by 133K in 2017, with half of that amount coming from the growth of ecommerce fulfillment […]

Blog

By / 2.1.2018

Amazon is the fastest US company–and perhaps the fastest company anywhere–to 300,000 workers. Its rapid expansion is creating tech-enabled work in virtually every corner of the country, with our estimates showing that fulfillment center jobs pay 31% more, on average, than brick-and-mortar retail jobs in the same area. Now, there are all sorts of interesting […]

Publications

By and / 1.25.2018

When Apple introduced the iPhone in 2007, that initiated a profound and transformative new economic innovation. While central bankers and national leaders struggled with a deep financial crisis and stagnation, the fervent demand for iPhones, and the wave of smartphones that followed, was a rare force for growth. Today, there are 5 billion mobile broadband […]

Publications

By and / 1.23.2018

When Apple introduced the iPhone in 2007, that initiated a profound and transformative new economic innovation. While central bankers and national leaders struggled with a deep financial crisis and stagnation, the fervent demand for iPhones, and the wave of smartphones that followed, was a rare force for growth. Today, there are 5 billion mobile broadband […]

Publications

By / 1.19.2018

The Progressive Policy Institute has long been focused on the interaction between regulation and innovation across the United States, Europe, and Asia. We are particularly concerned with the broad class of pricing of innovative products and services. From this perspective, we note that the Japanese government, acting through the Ministry of Internal Affairs and Communications (MIC) […]

Publications

By and / 1.4.2018

A revival in local manufacturing could provide a new source of jobs for areas of the country that have suffered disproportionate job losses in recent years. The key to this revitalization is integrating digital technology into every stage of the research, development, distribution and delivery of the goods produced. We call this integration the Internet […]

Blog

By / 1.3.2018

Tech and tech-enabled jobs are becoming increasingly important to many state economies–not just the tech hubs like California and Texas.  Particularly important is the role of ecommerce, which is driving the creation of hundreds of thousands of tech-enabled electronic shopping and fulfillment center jobs around the country (for example, see here).  Going forward, we expect […]