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.
November 26, 2018
Fact of the Week: The Least Profitable Firms Among the World's Largest Companies Have Higher Labor Productivity and Lower Fixed Capital Productivity than the Most Profitable Firms
There are nearly 6,000 firms with revenues exceeding $1 billion, representing nearly two-thirds of global corporate earnings. The 10 percent of those firms with the largest profits produce 80 percent of the group’s total earnings. A new study has found that firms in the top 1 percent outperform the median firm across the board, with 20 times more revenue, 12 times more employees, 2.9 times more R&D intensity, 23 percent more labor productivity, and 14 percent more fixed capital productivity.
November 19, 2018
Southeast Asian nations significantly outperform the rest of the world in wage-controlled robot adoption, while Europe and the United States lag significantly behind.
November 15, 2018
Throwing Robots Under the Bus: How Blaming Automation Distracts Attention From Real Solutions to Modern Labor Market Woes
Economists and policymakers have led an effort to explain technological innovation as good for workers throughout the economy, but why have so many become so eager to throw robots under the bus by blaming automation for labor market woes? Join ITIF for an expert discussion of Oren Cass's new book on the future of work, related technological and economic trends, and their implications for policymakers.
October 29, 2018
Fact of the Week: Labor Productivity in the U.S. is Higher than in the EU, Largely Due to ICT Investments
A new report by ITIF finds that the fact that U.S. workers are 16 percent more productive than EU-15 workers is largely attributable to Europe’s failure to invest in information and communications technologies (ICT), which drives labor productivity.
October 24, 2018
To restore robust productivity growth, Europe must fully embrace information and communication technologies (ICT) throughout its economy.
October 10, 2018
As Rob Atkinson and Michael Lind write for Bloomberg, progressives should abandon their battle against big companies like Amazon and push Congress to pass a higher national minimum wage that applies to all employers.
August 27, 2018
A body of academic research has shown that high-skill immigration has a significant positive effect on the number of patents companies file. But according to a study published last month, past research may have underestimated the impact H-1B workers have on innovation more broadly.
August 20, 2018
Fact of the Week: 72 Percent of Jobs Created in the U.S. from 2010 to 2016 Were Below Average in Both Compensation and Productivity
Emerging technologies promise to bring about a new production revolution that will increase welfare throughout society, but it is expected to have the largest impact on low-productivity jobs. This could increase the proportion of high-paying and high-productivity jobs, but it also threatens a larger disruption to society, as lower-skill workers have more difficulties changing industries.
August 6, 2018
Fact of the Week: Reduced Tariffs Between 1989 and 2011 Induced Indian Firms to Increase Their Productivity
Protectionists routinely attempt to justify tariffs on the notion that domestic firms need to become more efficient before facing competition from outside markets. But new research on Indian firms helps put the lie to this claim, finding that exposure to international competition actually increases their productivity.
June 12, 2018
If progressives want to get a higher minimum wage over the finish line, it’s time for them to make the case for a higher minimum wage on the grounds of growth first and fairness second, writes ITIF President Rob Atkinson for Democracy Journal.