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By / 10.19.2017

Free credentials would help millions of Americans without four-year degrees reach the middle-class debt free & close labor force “skills gap” WASHINGTON —The Progressive Policy Institute (PPI) today released a new policy report by senior fellow Anne Kim, “Forget ‘free college.’ How about ‘free credentials?,’” proposing greater federal support of high-quality occupational credentialing opportunities as […]

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 […]

By / 10.5.2017

Policymakers across the United States are struggling to figure out how to adapt to swift changes in the American workforce. So-called “alternative work arrangements,” for example, are growing: in 2015, 15.8 percent of workers were independent contractors, temporary workers, contracted workers, or “gig” workers—a 50 percent increase in just a decade. Yet some efforts at […]

By and / 9.28.2017

Goaded by President Trump, Republican leaders outlined a tax-reform plan this week that is marginally less generous to the wealthy than many conservatives would like. As the GOP struggles to cobble together an actual bill that can unite their fractious party, it’s tempting for Democrats to sit back and enjoy the show. When your opponents […]

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 […]

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 […]