Publications

Publications

Do-Something Congress No. 9: Reserve corporate tax cuts for the companies that deserve it

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…

The App Economy in Canada

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…

New Ideas No. 8: Enable More Workers to Become Owners through Employee Stock Ownership

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…

Escaping the Startup Trap: Can Policymakers Help Small Companies Grow to Major Employers?

Starting a new business is hard. Scaling it up to a significant size is harder. Europeans have long fretted about their lack of ‘unicorns’— privately held startups with a valuation of more than $1 billion. More generally, there is a sense that European startups either fail to grow or are bought out by larger companies…

Telehealth and vision tests in Washington State

Washington has long been a leader in both innovation and health care. Telehealth, which lays at the intersection of the two, is an innovative, cost-effective way to deliver health care to underserved populations. Seeing the value of telehealth, Washington State requires health insurance companies, Medicaid managed care plans, and health plans offered to Washington State employees to…

Investment Heroes 2018: Encouraging and Diffusing Innovation Throughout the Economy

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…

New Ideas for a Do-Something Congress No. 2: Jumpstart a New Generation of Manufacturing Entrepreneurs

The number of large U.S. manufacturing facilities has dropped by more than a third since 2000, devastating many communities where factories were the lifeblood of the local economy. One promising way to revive America’s manufacturing might is not by going big but by going small – and going local. Digitally-assisted manufacturing technologies, such as 3D…

A Radically Pragmatic Idea for the 116th Congress: Take Yes for an Answer on Net Neutrality

Net neutrality is the basic idea that all internet traffic must be treated equally on the network and no company should be able to block or throttle online traffic in order to gain a competitive leg-up. This is a pro-competitive, prophylactic policy to ensure internet providers don’t unfairly become gatekeepers for online services. It’s a…

Ending America’s Public Investment Drought

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…

Competition and Concentration: How the Tech/Telecom/Ecommerce Sector is Outperforming the Rest of the Private Sector

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,…