Updates / Economy


By / 10.12.2016

Suppose you were counselling your college-age child about what fields to consider. Where would you tell them to start? The short answer: Tech and health. Just look at the numbers: Since 2007, when the current tech boom started, employment in computer and mathematical occupations–including software developers and network administrators–has grown by more than 900,000 jobs. Employment in […]

By / 10.6.2016

I’d like to draw your attention to this extraordinary essay by President Obama in The Economist. It stands out for two reasons. First, it provides what has been sorely missing from the bizarre 2016 presidential race – a progressive roadmap for restoring America’s economic dynamism. Second, President Obama’s approach to reversing nearly two decades of slow economic […]

By / 9.29.2016

The FCC chose to ‘delete‘ (their word) discussion of its “set-top box rule” from today’s meeting. As we wrote two weeks ago, the FCC’s proposed rule appeared to put the commission in the position of rewriting copyright law and setting up a licensing board for apps.  The licensing board for apps is particularly disturbing, because it represents an entirely […]

By / 8.9.2016

PPI was among the first organizations to highlight the business investment drought, starting in 2010 and 2011, way before it became commonly accepted  (see here and here). And our “Investment Heroes” annual ranking was started in 2012 precisely to contrast the companies that were investing heavily in the United States with the many others that chose to pare back. […]

By / 8.8.2016

Yes, the productivity slump has hit the iron and steel mill industry as well. Robert Samuelson wrote a long piece in the WaPo about productivity growth in the steel industry, arguing that “…[p]roductivity (a.k.a., efficiency) has increased dramatically.” His main source was a very careful academic study by Allan Collard-Wexler of Duke University and Jan De Loecker of Princeton University. […]

By / 8.2.2016

The ‘wedge’ between productivity growth and average real compensation growth has shrunk to the lowest level in at least fifteen years.* That’s because productivity growth is slowing, not because real compensation growth is accelerating significantly. The top line is the ten-year growth rate of nonfarm business productivity, based on data reported by the Bureau of […]

By / 7.28.2016

The division between the trade skeptics and the trade supporters in the Democratic Party is on stark display at this week’s convention in Philadelphia. The Progressive Policy Institute favors smart, high-standard  trade agreements, as PPI president Will Marshall  and senior fellow Ed Gerwin recently wrote. Yet both trade skeptics and supporters can agree on one critical point: The government […]

By / 7.6.2016

One of the important themes of this year’s presidential campaign is the need for economic growth to move beyond the tech hubs and coastal urban areas that have prospered in recent years.  To some degree, this is already happening. Our latest analysis shows that the top 10 App Economy states include Illinois (4) and Michigan […]

By / 7.5.2016

Donald Trump’s attack on trade, if carried out as President, would be an economic disaster. Connections with the global economy enable the free flow of goods, services, ideas, data and people across national borders.. Countries that make use of those connections have prospered, while countries that have engaged in protectionism have stagnated. We believe that […]

By / 6.24.2016

The exit of the UK from the EU is and will be a tremendous shock to the global economic and business community. Certainly no one knows what is going to happen in areas such as finance, immigration, and even trade. Nevertheless,  Brexit does nothing to change the fundamental economic problems facing the developed world: Slow […]