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Economy

Publications

By / 7.11.2017

The saying “data is the new oil” is at times referenced by analysts working to assess whether our increasingly digital and data-driven world generates positive impact for our economy and society. However, this saying is imprecise. Data should not be compared to oil – it is not a scarce commodity, is nonrival, and cannot be […]

By and / 7.3.2017

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 more than 4 billion […]

By / 6.29.2017

In 2016 the United States exported to Europe US$598bn worth of goods and services, and imported $698bn of goods and services. Minus some statistical discrepancies, European countries recorded the inverse flow of imports and exports. For the past century, economists and policymakers have relied on this ‘balancesheet approach to economics to guide their decisions. One […]

Press

By / 7.12.2017

Over the past several years, even as the national fervor over startups has continued unabated, there has been a string of negative findings about the state of American entrepreneurship. The Economic Innovation Group, among others, chronicled a long-term decline in business creation as well as ever-increasing concentration in where businesses are being created. Only five […]

By / 7.3.2017

WASHINGTON—The Progressive Policy Institute (PPI) today released a new report, “The Rise of the Australian App Economy,” which estimates 113,000 workers are employed in the Australian App Economy, a growth of at least 11 percent since 2014. It also calculates app Intensity — the number of App Economy jobs in a country as a percentage of […]

By / 6.5.2017

With Trump’s proposal to gut federal food assistance by $192 billion — much of which would come out of the shopping carts of the working class — the president is once again proving his willingness to shaft those who supported him most. Contrary to the racially-tinged stereotype that Americans who rely upon the Supplemental Nutrition […]

Blog

By / 6.23.2017

Michael Mandel, chief economic strategist at the Progressive Policy Institute, joined Alphachat to talk about his report, “The Coming Productivity Boom”, co-authored by Bret Swanson of Entropy Economics. Mandel argues that the decades-long productivity stagnation will end once companies in the “physical” industries — transportation, construction, manufacturing, healthcare, wholesale and retail trade — start investing […]

By / 6.18.2017

On June 7,  Axios  journalist Chris Matthews wrote a piece “Big Companies, Fewer Workers”  that said: The five most valuable companies in the U.S. are all technology firms that employ far fewer workers than their industrial predecessors. He echoes a common complaint. But is it really true? I decided to  compare employment at today’s most valuable […]

By / 5.23.2017

When Congress passed the Dodd-Frank Act, it included a requirement that U.S. companies annually report the ratio between their CEO and median worker pay. This modest provision takes effect this year, but it’s unlikely to reverse America’s widening pay gap.​ In fact, if President Trump has his way on tax reform, the earnings gap will […]