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

Publications

By / 10.29.2019

In this paper we will introduce a new concept, the “prescription escalator.” The prescription escalator is a simple way of summarizing why Americans are so upset about their drug bills. Moreover, we propose solutions for getting Americans off the prescription escalator. Americans know, without a doubt, that their family’s prescription drug costs are rising—and they […]

Blog

By / 10.22.2019

This is the second in our series of posts on “The Next Ten Million Jobs,” the types of jobs being created between now and 2030, based on the latest BLS employment projections. In our first post we looked at the importance of healthcare and social assistance jobs for driving employment growth between now and 2030. […]

Blog

By / 9.29.2019

This post begins our series on “The Next Ten Million Jobs.”  Based on our analysis of the latest BLS employment projections, the U.S. economy will produce roughly 10 million jobs between now and 2030. The question is what kind of jobs will they be; how can Americans prepare for emerging new occupations; and what can […]

Publications

By and / 9.12.2019

India is one of the premier technology countries in the world. According to one forecast, India will overtake the US as the world’s largest developer population center by 2024. (1) India is also one of the leading countries for mobile app downloads, due to its more than 500 million smartphone users. (2) At the same […]

Blog

By / 9.6.2019

How digitization and the new manufacturing stack can help India’s small and micro manufacturers grow and create jobs: My new piece on Forbes.com

Blog

By / 9.5.2019

In this note we update our previous estimates of European App Economy jobs. Our latest research estimates that the EU-28 countries (plus Norway and Switzerland)  have 2.093 million App Economy jobs as of July 2019.  That’s up 27% from the 1.642 million jobs that we estimated for January 2016 in our first European App Economy […]

Blog

By / 9.2.2019

In this note we update our previous estimates of U.S. App Economy jobs. Our latest research estimates that the U.S. has 2.246 million App Economy jobs as of April 2019.  That’s up 30% from 1.729 million that we estimated for December 2016 in our previous report (released May 2017). That figure translates into a 12% […]

Blog

By / 7.25.2019

In the first half of 2019, the consumer price index for prescription drugs fell by 0.8% compared to the first half of 2018.  That’s the first year-over-year decline in prescription drug prices since the mid-1970s, according to BLS data. Looking at five-year inflation rates,  the consumer price index for prescription drugs rose at a 2.7% […]

Blog

By / 7.15.2019

Summary How much do the Apple App Store and Google Play, the two major mobile application stores, charge? The short and obvious answer is that Apple and Google levy a fee of 30% of the revenue from downloading paid apps; 30% of revenue from in-app purchases of digital goods and services; and a lower charge […]

Other

By / 7.8.2019

SUMMARY The global debate over the relationship between digital advertising and quality journalism has intensified in recent months, with Congressional hearings in the United States and the release of official reports on the subject in Australia and the United Kingdom. On the one hand, advertisers have greatly benefited from the decline in the cost of […]