Publications / Economy

Publications

Policy Brief

By / 7.21.2019

Is it possible that the Trump administration has developed a trade initiative that—with some necessary tweaks from congressional Democrats—can be a good thing for the United States and its North American neighbors? The United States-Mexico-Canada Agreement (USMCA) (1) is the Trump administration’s proposed replacement for NAFTA, which the president, with typical hyperbole, has called the “worst […]

Policy Brief

By / 5.14.2019

If you think your credit report is accurate, there is a good chance you are wrong. According to the Federal Trade Commission (FTC), one in five Americans has a potentially material error in their credit file, and one of the biggest contributors is medical bills—with half of all medical bills containing an error. In fact, […]

Policy Brief

By / 5.2.2019

Americans are fed up seeing corporate profits soaring even as their paychecks inch upward by comparison. Companies need stronger incentives to share their prosperity with workers – something the 2017 GOP tax package should have included. Though President Donald Trump promised higher wages as one result of his corporate tax cuts, the biggest winners were […]

Policy Brief

By and / 4.8.2019

La version française est ci-dessous. The global App Economy started in 2007, when Apple introduced the first iPhone. Apple’s opening of the App Store in 2008 – followed by Android Market (later renamed Google Play), Blackberry App World (later renamed Blackberry World) and other app stores – created a way for developers to write mobile applications […]

Policy Memo

By / 4.3.2019

Despite growth in gross domestic product, corporate profits, and the stock market over the past several years, American workers today capture a historically low share of those economic benefits. The labor share of income today is several percentage points lower than the postwar average and, after adjusting for inflation, median compensation today is only about […]

Other

By / 2.26.2019

As many as 41 million Americans live in “higher education deserts” – at least half an hour’s drive from the nearest college or university and with limited access to community college. Many of these deserts are in rural America, which is one reason so much of rural America is less prosperous than it deserves to […]

Policy Memo

By and / 2.6.2019

Despite the low unemployment rate, productivity growth is still stuck in slow gear. Non-farm business output per hour increased by 1.3 percent from the third quarter of 2017 to the third quarter of 2018 – well below the post- war average of 2.2 percent.1 Other countries around the world are also grappling with this slowdown […]

Policy Memo

By and / 12.19.2018

Economists from Adam Smith onward have understood that free markets don’t exist or thrive in a state of nature. They are nestled within a framework of governance that defends societies against outside threats, writes and enforces common laws, and provides public goods – those that all people need but that private actors would have little […]

Policy Memo

By / 11.29.2018

The U.S. economy almost certainly has a problem with rising market power. A bevy of recent economic studies show that concentration in many sectors of the economy has increased over the past 20-30 years. These increases in concentration have been convincingly linked to such economic ills as rising prices, weak productivity growth, stagnant real wages, […]

Policy Memo

By / 11.28.2018

Restaurant workers are reputed to be among the lowest paid workers in the country. One reason restaurant workers, and servers in particular, are perceived to be so poorly paid is the fact that tips often make up a good chunk of their pay, while the hourly wage they receive from their employers is lower than […]