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By / 9.21.2017

Debate has erupted in the past week and a half over Allergan’s surprise move to transfer all of its intellectual property rights to its blockbuster drug Restasis to the Saint Regis Mohawk Indian Tribe.  Allergan’s CEO Brent Saunders said he sold Allergan’s intellectual property rights in Restatis to protect it from the “double jeopardy” of […]

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? […]

By / 9.14.2017

Even as Congress passed $15 billion in initial funding for Hurricane Harvey relief, Americans were glued to their TVs watching Hurricane Irma, the strongest-ever Atlantic storm, bear down on Florida, where millions are still without power and other services. Sadly, Congress, and the rest of us, had better get used to it. Harvey and Irma […]

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 […]

By / 9.6.2017

For almost two decades, education reform has been a source of conflict in the City of Brotherly Love. Much progress has been made, but too much energy is still devoted to fruitless district vs. charter debates. Those invested in such debates should take a look at the nation’s fastest-improving big cities, to see what can […]

By / 9.6.2017

Clean-energy policies championed by Democrats over the last decade have helped create millions of high-paying energy jobs for American workers. And innovative Democratic policies going forward can help spur millions more good jobs — in energy efficiency, natural gas, nuclear energy, carbon capture, wind, solar, electric vehicles and infrastructure — in coming years. This record […]

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 […]

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 […]

By / 9.3.2017

We’re grateful to have our new report mentioned in Neil Irwin’s piece today in the New York Times about tech employment. The report, An Analysis of Job and Wage Growth in the Tech/Telecom Sector,  to be presented at the TPRC conference later this week, directly compares employment at today’s leading tech/telecom firms with employment at […]

By and / 8.31.2017

In a recent media release, Indianapolis Public Schools (IPS) announced they are looking for “quality partners” to launch innovation network schools for the 2018-2019 school year. IPS explains their innovation school network as a group of “public schools with expanded autonomy to make academic and operational decisions that will maximize student achievement. Innovation schools also […]