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SEC in Focus: Lack of Diversity Among Asset Managers

In July 16 the Securities and Exchange Commission (SEC) hosted a discussion on improving diversity and inclusion within the asset management industry. The SEC doesn’t have a long history of using its powers to focus on diversity, but SEC Chairman Jay Clayton sounded an optimistic note: “We should continue to ask ourselves how we want participation and representation in…

Can Digital Manufacturing Help Make in India?

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

Marshall for Medium: “Will Conservatives Protect our Children?”

Watching the nation’s political leaders tie themselves in knots over minor changes in gun laws, I can’t help but wonder if America hasn’t become the “pitiful, helpless giant” Richard Nixon warned about decades ago. Nixon conjured up this arresting image to rally public support for his unpopular plan to invade Cambodia. But it seems more…

Tech/telecom/ecommerce sector grew by 7.3% in 2018: Political Implications

Is there room for a presidential candidate who stresses innovation and growth? Voters quite naturally want to see benefits from technology before they enthusiastically embrace more. As we have written in earlier reports, there are signs that digitization is starting to create new businesses and jobs in physical industries like manufacturing. Another political argument for…

How Dangerous is the Warehousing Industry? Implications for Ecommerce

Worker safety is absolutely crucial.  Driving down both nonfatal occupational injuries and workplace fatalities is one of the most important goals of government regulation.  Since 2003 the rate of nonfatal occupational injuries and illnesses has dropped from 5.0 to 2.8 (per 100 FTE), according to a BLS survey.* Despite this decline, jobs in physical industries are still…

The Broader Implications of Amazon’s Wage Hike

In my view, Amazon's wage hike has blown a gaping hole in the low-wage, low-productivity equilibrium that has bedeviled the US for the past 3 decades. Ecommerce fulfillment centers are using technology and big data to boost productivity in the distribution sector, while creating hundreds of thousands of paid jobs by drawing hours out of…

Why Progressives Need to Embrace Innovation: Amazon’s $15/hr minimum wage

Amazon just announced that it would raise the minimum hourly wage for all of its US workers to $15 per hour, including workers employed by temp agencies.  This is good news for Amazon's workers, obviously.  But it's also a sign that we've moved into a new era, where technology is driving rising real wages for…

Amazon, robots, ecommerce jobs, and business models

I've consistently argued that the ecommerce job boom has 5 or more years to run before employment peaks. Moreover, as ecommerce gets more automated, it will open up new possibilities for distributed manufacturing and the Internet of Goods. However, a new story from the Washington Post highlights an ecommerce fulfillment center in China where hundreds…

New book by PPI Senior Fellow Andrew Yarrow

Today marks the publication of a new book by PPI Senior Fellow Andrew Yarrow, Man Out: Men on the Sidelines of American Life. The former New York Times reporter has documented the spread of online misogyny and other disturbing signs of a peculiarly masculine malaise pervading our country. Cultural and economic changes, Yarrow contends, have…

The Real Story of Those Empty New York City Storefronts

Last week, the New York Times produced a visually stunning story about shuttered storefronts in NYC. The story's premise, told in pictures, was a simple one: New York City’s streetscape has been transformed — visually and economically — by the staggering numbers of vacant storefronts now dotting its most popular retail corridors. We've all seen the…