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.
August 21, 2017
Fact of the Week: Vietnamese Manufacturers That Earn Internationally Recognized Accreditations for Proven Managerial Practices are 69 Percent More Productive
An analysis of Vietnamese manufacturing firms found those that adopted internationally recognized best practices for management were 69 percent more productive than firms without such certifications, writes John Wu in Innovation Files.
August 7, 2017
Fact of the Week: Foreign-owned Manufacturing Firms in Spain Were 15 Percent More Productive from 1998 to 2012 than Locally Owned Firms
Foreign-owned Spanish manufacturing firms were 15 percent more productive from 1998 to 2012 than locally-owned firms, writes John Wu in Innovation Files.
August 7, 2017
In recent years, it has become almost an article of faith that the world’s economies are facing a tsunami of job destruction from new technologies, including artificial intelligence and robotics.
July 8, 2017
It’s Simple: To Compete in the Global Economy, Solve Fiscal Problems, and Raise Living Standards, We Need More Productivity
Speaking at Les Rencontres Economiques d’Aix-en-Provence, Rob Atkinson argued we need to accelerate productivity growth to raise standards of living.
June 19, 2017
Fact of the Week: The Much-Publicized Gap Between Productivity Growth and Wage Growth Shrinks in Nearly Nine Out of 10 Industries When it is Calculated Correctly
The productivity-compensation gap all but disappears when using the correct output deflators to adjust workers' wages, writes John Wu in Innovation Files.
June 15, 2017
In the short-term, technological progress will depend in large part on broader and deeper “installation” of existing information and communications technologies, writes Rob Atkinson on the OECD-World Bank Innovation Policy Platform.
June 5, 2017
As manned Dutch fuel stations were automated from 2005 to 2011, their fuel prices dropped by 1 to 2 percent, writes John Wu in Innovation Files.
May 10, 2017
If you study the U.S. labor market from the Civil War era to present, you discover that we are in a period of unprecedented calm—with comparatively few jobs shifting between occupations—and that is a bad sign, writes Rob Atkinson in the Christian Science Monitor.
May 8, 2017
There is considerable confusion about the potential effects of emerging technologies such as robotics and artificial intelligence on employment. This primer outlines 13 key points to understand about that interaction.
April 4, 2017
There was a time in America, not too long ago, when most people were full-throated advocates of technologically powered productivity growth, writes Rob Atkinson in National Review. Those days are gone, though.