What should the fifth U.S. economic recovery package look like? Rob Atkinson's op-ed in American Compass explains that it must address both the short-term and long-term health of the economy.
Skills and Future of Work
June 18, 2020
If there are cases of companies abusing the L-1 process, such as using it instead of the H1B visa (for which there are caps) then Immigration and Customs Enforcement should penalize the guilty companies, although these cases appear to be quite limited. But cutting off the program entirely will only hurt the U.S. economy.
June 9, 2020
Congress Needs to Follow Germany’s Lead and Include a “Package for the Future” in Its Next Recovery Package
As Congress considers a phase 4 stimulus package, it would be a mistake to focus only on short-term recovery measures, as important as they are.
June 5, 2020
Travel restrictions due to COVID-19 are already putting severe pressure on international student recruitment. Eliminating Optional Practical Training (OPT) would make the problem much worse.
May 18, 2020
In short: no. Profits are difficult to measure accurately, but the best method is to focus on domestic earnings outside the financial sector as a share of net value added. By that measure, the long-term trend has been in decline.
May 15, 2020
The global community will only be able to overcome the coronavirus pandemic through intense collaboration, turbocharged innovation, and open trade, uninhibited by artificial barriers or restrictions—particularly when comes to medical supplies and research data.
May 1, 2020
The coronavirus pandemic has made automation needs much more immediate, but automation was never meant to destroy our jobs and leave us all with nothing to do. On the contrary.
April 20, 2020
Fact of the Week: After Swedish Emigration Increased by 10 Percent in the Late 19th Century, Patenting Increased by 6 Percent
Emigration, especially of high-skilled workers, is often presumed to be a major problem for developing nations. However, emigrants can drive innovation in their home country by driving up the costs of wages, and thus the returns to labor-saving inventions. A new study supports this idea, comparing the rates of emigration and patenting between communities in Sweden in the late 19th and early 20th centuries.
April 13, 2020
It is commonly assumed that the wealth and other benefits that highly innovative firms produce are concentrated among high-skilled workers, since they are the ones who are most likely to be innovating. But a new study casts doubt on this presumption, using matched employee-employer data from the United Kingdom.
April 10, 2020
E-commerce firms—and the hundreds of thousands workers at their facilities—are not just helping consumers who are stuck at home, they also are enabling tens of thousands of other companies, big and small, stay in business, sell their products and services, and keep people employed.
February 10, 2020
Fact of the Week: The Digital Economy has Contributed to 86 Percent of U.S. Labor Productivity Growth in Recent Years Despite Accounting for Only 8.2 Percent of GDP
Labor productivity growth has slowed dramatically across the developed world in recent years. In the United States, it dropped to just 0.96 percent in the 10-year period from 2007 to 2017. That was down by more than half from 2.06 percent in the previous 10-year period.