Productivity

While economic policy should do more to reduce income inequality and Congress should seriously consider world-class worker training and adjustment assistance programs, our nation is doomed to second-class status if we cannot support all forms of productivity, including worker-replacing automation.
Productivity
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July 6, 2020
A new study examines the number of researchers in the public and private sectors between 1981 and 2017 across 20 OECD countries, finding that a doubling of private researchers increases productivity growth by 4.3 to 7.2 percent, while doubling public researchers increases productivity growth by 6.1 to 20.6 percent.
July 6, 2020
According to press reports, both the U.S Attorney General and most state attorneys general will file one or more antitrust cases against Google sometime this summer. If true, the United States would be going down a path already well-trod by the European Commission, which has conducted three antitrust cases against the company.
July 2, 2020
While economic policy should do more to reduce income inequality and Congress should seriously consider world-class worker training and adjustment assistance programs, our nation is doomed to second-class status if we cannot support all forms of productivity, including worker-replacing automation.
June 22, 2020
Labor productivity growth during the U.K.'s Industrial Revolution averaged below 0.4 percent from 1770 to 1830, and only gradually increased to about 0.8 percent in 1860.
May 26, 2020
The changing rate of technological advancement is a large source of controversy, with fears of both acceleration and stagnation. A new paper has sought to examine more granularly where this growth is occurring, identifying 1,757 technology domains and assessing the importance of new patents in those domains from 1976 to 2015.
May 11, 2020
The automation of manufacturing industries is a major public concern due to the salience of layoffs that are directly attributed to robot adoption. But closer analysis of automation’s impacts generally reveals that these fears are overblown.
April 20, 2020
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 6, 2020
Relief should look beyond the immediate medical emergency and toward new policy that would spark manufacturing, here.
March 30, 2020
It is widely presumed that agglomeration effects cause large cities to have large advantages in the innovative process. A new study tests this presumption by examining the proportion of patents filed in large metropolitan areas from 2000 to 2014 across 14 OECD countries.
March 23, 2020
Demand for H-1B visas, which allow U.S. firms to recruit high-skilled foreign workers, has dramatically exceeded the supply—there were 200,000 applications in 2019 for the 85,000 visas that were available.

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