Publications

Publications

Create Two Million New Businesses

Millions of America’s smallest businesses have been severely affected by the COVID-19 crisis. They’ve seen revenue evaporate and have been forced to lay off millions of workers. Over two million small businesses had simply disappeared by June 2020. The U.S. economy now finds itself in a deep hole, with millions of small businesses gone for…

Building American Resilience: A Roadmap for Recovery After COVID-19

For Americans and much of the world, 2020 has been an annus horribilis. Following its outbreak in China late last year, the coronavirus has spread quickly across the main international travel and trade routes. To contain the pandemic, nations have been forced to order mass quarantines, freezing economic activity and social life. It likely will…

America’s COVID-19 Debacle: A Chronology

Originally published June 15, 2020, and most recently updated July 9, 2020. As the coronavirus pandemic continues to spread across the globe, no country has been hit harder than the United States. America leads the world in Covid-19 deaths and confirmed cases. Unemployment has reached levels not seen since the Great Depression, and national output…

PPI Metro Playbook – Columbia, SC

Over the final three decades of the 20th century, one of the defining features of American life was the abandonment and deterioration of historic urban centers. In cities large and small, from coast to coast, residents and dollars followed the interstate highways out of the old commercial downtowns and out to the suburbs. Columbia, S.C.,…

The Economic Implications of State-Based Chemical Regulation: Two Approaches

We are seeing two important, and in some ways, potentially contradictory trends in manufacturing these days. On the one hand, there are signs of a transformation and rebirth in domestic manufacturing. Technological innovations such as 3D printing and robotics are lowering the cost of manufacturing at home, while global trade tensions are leading companies to…

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 Australian App Economy: 2019 Update

Apple introduced the first iPhone in 2007 just as the Global Recession was about to begin. While central bankers and national leaders struggled with a deep financial crisis and stagnation, the fervent demand for iPhones and the wave of smartphones that followed provided a rare force for growth. The smartphone also triggered a new era…

New Ideas for a Do Something Congress No. 7: Winning the Global Race on Electric Cars

On Donald Trump’s watch, America is losing what is probably the most important new manufacturing opportunity in the world--the global race to produce affordable electric vehicles that people want to drive. The United States currently accounts for just 20 percent of global electric vehicle production, far behind China. Jumpstarting U.S. production and purchase of Electric…

America’s Skills Gap: Why it’s Real, And Why it Matters

A common view among the left is that the "skills gap" - a shortage of workers with the skills employers want - is a mirage. A new PPI report decisively debunks this myth. As author Ryan Craig explains, the skills gap is real: employers are having trouble finding enough workers with digital skills and “soft…

New Ideas for a Do Something Congress No. 6: Break America’s Regulatory Log-jam

Regulation plays a critical role in refereeing competition in a free market economy. But there’s a problem: Each year, Congress piles new rules upon old, creating a thick sludge of regulations – some obsolete, repetitive, and even contradictory – that weighs down citizens and businesses. In 2017, the Code of Federal Regulations swelled to a…