At some point with the development of a vaccine or an effective treatment, the economy will come back to normal. And when it does, so too will opposition to automation, at a time when we will need productivity more than ever to shrink the now massive debt-to-GDP ratio.
April 3, 2017
Fact of the Week: Productivity Matters More Than Profitability For New Firms' Survival and Growth in the United States
Productivity rather than profitability has a higher impact on the chances of a new firm's survival, writes John Wu in Innovation Files.
March 7, 2017
Fact of the Week: Increasing Imports of Intermediate Goods by One Percent Raised Manufacturing Productivity in Vietnam by 0.5 Percent
Trade improves productivity in manufacturing supply chains, as seen in recent empirical evidence from Vietnam, writes John Wu in Innovation Files.
February 15, 2017
Fact of the Week: Automation Is Not the Culprit Behind Sluggish Employment Growth in the Years Following the Great Recession
After analyzing technological change over recessions and across OECD countries, economists find that it wasn't at fault for sluggish employment growth in the United States post-Great Recession, writes John Wu in Innovation Files.
February 13, 2017
Automation was not the primary culprit behind manufacturing job losses, and now too little automation is depressing U.S. output and leading to stagnation in U.S. manufacturing.
January 16, 2017
Fact of the Week: Labor Productivity In 2014 Would Have Been 5 Percent Higher If All Us Corporations Fully Repatriated Their Overseas Profits
If U.S. corporations brought back all their profits, labor productivity would have been 5.1 percent higher in R&D intensive industries and 4.5 percent higher in IT-intensive industries in 2014, writes John Wu in Innovation Files.
January 3, 2017
Fact of the Week: Job Growth Has Been 1.5 Percentage Points Higher In Spanish Firms That Are Engaged In Product Innovation Than In Firms That Are Not
Between 2004 and 2012, employment in Spanish firms that released novel products into the market grew 1.5 percentage points faster than firms not engaged in product innovation, writes John Wu in Innovation Files.
December 31, 2016
Rob Atkinson writes in National Review that what will really make the economy great again—and raise living standards at the rate Americans expect—is a comprehensive national productivity strategy.
December 19, 2016
Fact of the Week: French Manufacturing Firms In Densely Populated Areas Are 6.5 Percent More Productive Than Those In Less Densely Populated Areas
French manufacturing firms located in more densely populated areas are 6.5 percent more productive than those located in less densely populated areas, writes John Wu in Innovation Files.
December 12, 2016
A new paper from the Center for European Economic Research finds that innovation leads to more jobs, not fewer, writes John Wu in Innovation Files.
December 12, 2016
Fact of the Week: For Every 1 Percent Increase in Share of Workers Who Have Mobile Internet Access, German Firms Increase Productivity by 0.2 Percent
If German firms more provided its workers mobile Internet access, they could increase productivity by 15 percent, writes John Wu in Innovation Files.