The Knowledge Economy

Publications

By / 9.13.2018

Americans justifiably have long taken great pride in the unmatched ability of the U.S. economy to enable entrepreneurs to launch and grow highly innovative companies that drive growth and advance living standards. Bold entrepreneurs and the companies they founded brought us modern communications, airplanes, automobiles, computer software and hardware, and electricity and other forms of […]

By / 8.7.2018

It is relatively easy to digitize a song or a bank account. Yet fully digitizing physical industries such as manufacturing and agriculture has proven much more challenging. Manufacturers have taken the first step towards digitization by putting sensors into existing products such as turbines and tractors and using the resulting data to improve performance. The […]

By / 7.24.2018

Since 2016, the Ministry of Internal Affairs and Communications (MIC) and the Japan Fair Trade Commission (JFTC) have tried to promote more competition in the mobile market in order to encourage economic growth and promote fairness. In particular, the government agencies have restricted handset subsidies in an effort to lower rates. The results of these policies have […]

Press

By / 9.13.2018

WASHINGTON—As the Federal Trade Commission (FTC) kicks off public hearings today on economic concentration and competition, the Progressive Policy Institute (PPI) weighs in with a new e-book by economist and antitrust lawyer, Robert Litan, one of America’s leading authorities on antitrust law and competition policy. In A Scalpel, Not an Axe: Updating Antitrust and Data […]

By / 8.8.2018

WASHINGTON—Manufacturing productivity, on the decline for two decades, could be on the upswing and the sector could be on the verge of a significant transformation, according to a new report authored by PPI Chief Economic Strategist Dr. Michael Mandel. This shift hinges on an alternative digital future for manufacturers – one built around innovations in other […]

By / 6.11.2018

I write this article as a freelancer. I take Lyft to get around. I’ve booked an apartment this summer through Airbnb. I’ve been an adjunct professor. I’ve just gotten estimates for roof and other home repairs from men who work for themselves. All of these activities are part of a large universe of what’s come […]

Blog

By / 9.7.2018

The ecommerce revolution is driving an employment and wage boom in the warehousing industry. Over the past 3 years, the number of production and nonsupervisory workers in general warehousing has gone from 642K to 810K, propelled by the rapid expansion of ecommerce fulfillment centers around the country. Our earlier research showed that ecommerce fulfillment centers […]

By / 8.23.2018

The FTC recently asked for comments on “Competition and Consumer Protection in the 21st Century.” PPI submitted  two excerpts from a forthcoming paper, “Taking Competition Policy Seriously: Macro Indicators for Regulators.”  Here is a summary of the first excerpt, the introduction: Recent work has linked increased concentration to poor macroeconomic outcomes. In this spirit, this […]

By / 8.13.2018

Summary: Based on new “digital economy” data from a recent BEA working paper, we calculate that the labor share of the digital sector has risen since 2007, while gross margin of the digital sector has fallen over the same period. This result is consistent with strong competition in the digital product and labor markets (see […]