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Blog

House Democrats Have The Right Coronavirus Response

The outbreak of COVID-19 (commonly known as coronavirus) has created a global market downturn and raised the prospect that the United States could enter its first recession since the 2008 financial crisis. Last night, President Donald Trump and U.S. House Speaker Nancy Pelosi offered two competing approaches for securing both the health and economic security…

Good Politics and Good Policy: Why Progressives Should Support A “Flexible” Domestic Manufacturing Initiative

It's the S-word--shortages. The greatest manufacturing nation in the world, but we can't make enough masks and other protective gear for our frontline healthcare workers? The coronavirus crisis points out what many of us already knew--globalization is not enough to provide the flexibility and surge response that the U.S. needs. Apparently in medical emergencies,  countries…

Blog: The Bogus “Concentrated Labor Market” Claim

As economists who care about inequality, we cheer when Amazon and other ecommerce sellers open up new fulfillment centers in areas where job growth has been slow and opportunities limited. In fact, we have pointed out in the past that because these mammoth centers require large amounts of land and good road connections, they are…

Blog: Policymakers Should Look to Accelerate the Spread of the App Economy

The failure of the app intended to collect results from the Democratic caucuses in Iowa wasn’t the best advertisement for the App Economy. But we have to remember that apps play a central role in the economy. As part of a global project measuring the size of the App Economy, we estimated the U.S. App…

Cuomo Scores Win-Win with Tipped Wage Rule

In a perfect example of unintended consequences, restaurant workers are pushing back against a nationwide campaign by labor advocates intended to raise their wages. They worry that the advocates’ push will cost them more in lost tips than they’ll gain in mandated wage increases – and cut their income overall.  These workers have found an…

Stangler for Medium: “The Democrats Should Talk About This Tonight”

Here is how tonight’s Democratic debate should begin: The American economy has always been driven by entrepreneurial energy — the creation and growth of new businesses. Today, however, entrepreneurship in the United States is in trouble. Business creation has stalled; overall economic dynamism is faltering. We are experiencing what some researchers call a “startup deficit.”…

Trump Trade Deficit Widens to New Record

Despite all his bluster, the "Trump Trade Deficit" widened to a new record in the third quarter of 2019.  The non-oil merchandise trade deficit hit $1.047 trillion in the third quarter of 2019, in 2012 dollars (annual rate). That's according to PPI calculations based on new data released by the Bureau of Economic Analysis on…

The Next 10 Million Jobs, Part II–Retail, Ecommerce, and All that

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.…

European App Economy Jobs Update, 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…

U.S. App Economy Jobs Update, 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%…