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.
April 2, 2018
Fact of the Week: ICT-Intensive Firms in Europe Suffered No Productivity Slowdown During the Great Recession While Their Counterparts That Invested Less in ICT Saw Decreases up to 9.5 Percent
ICT-intensive firms in Europe suffered no productivity slowdown during the Great Recession while their counterparts that invested less in ICT did, writes John Wu in Innovation Files.
March 5, 2018
No one has done more to shape the narrative about income inequality in America than economist Thomas Piketty. But he and his colleagues have been making questionable methodological choices that maximize the jarring effect of their findings.
February 26, 2018
Why Foreign Competition, Not Productivity, Is More to Blame for Job Losses in U.S. Manufacturing: A Primer for Policymakers
ITIF has conducted in-depth analyses showing that while superior productivity growth did contribute to U.S. manufacturing job losses, the bigger factor was unfair foreign trade practices and the U.S. manufacturing sector’s lack of competitiveness.
December 13, 2017
What does the rise of artificial intelligence and robotics portend for human workers? Rob Atkinson argues “these technologies are no different than past technology waves,” and he bets U.S. unemployment will remain below 8 percent in the year 2035. Calum Chace disagrees.
November 27, 2017
$700 billion in U.S. GDP growth from 2010 to 2016 can be attributed to capital investments in IT, writes John Wu in Innovation Files.
October 23, 2017
Fact of the Week: The Gap in ICT Investment Between the United States and Canada Widened by 12 Percentage Points From 2008 to 2014
While private investment in ICT per Canadian worker has been lower than U.S. levels since the 1980s, it has dropped to new lows in recent years, writes John Wu in Innovation Files.
September 28, 2017
India's transport minister Nitin Gadkari recently announced his opposition to driverless vehicles in the country, saying he would "not allow any technology that takes away jobs." This kind of rhetoric may make for good politics, but it's terrible economics and awful for the future of Indian workers who need the country to continually modernize.
September 19, 2017
Rob Atkinson spoke about opportunities and challenges associated with artificial intelligence on March 23, 2017 at a conference hosted in Brussels by Bruegel, a European economic think tank specializing in economics.
September 5, 2017
When China implemented an investment tax credit, businesses increased investment by 8.8 percent and productivity by 3.7 percent, writes John Wu in Innovation Files.
August 28, 2017
Fact of the Week: For Every 10 Percent Increase in R&D Investment per Employee, Irish Firm Productivity Increases by 12 Percent
Among Irish firms, a 10 percent increase in R&D investment per employee raised productivity by 12 percent, writes John Wu in Innovation Files.