These strong effects point to the tremendous spillover benefits that medical innovations have on the labor market and the economy as a whole.
Articles, Op-Eds, & Blogs
March 7, 2021
Passing a time-limited tax incentive for firms that move Chinese production to U.S. Labor Department–designated “labor surplus areas” would weaken China’s economic and technological capabilities by reducing production there while strengthening U.S. capabilities by increasing domestic production, and it would help economically distressed and disadvantaged cities and counties across the nation.
March 1, 2021
The winning party this year represents a new kind of liberalism just as the Republican Party of 1980 represented a new kind of conservatism.
March 1, 2021
Source: Philippe Aghion, Antoin Bergeaud, and John Van Reenen, “The Impact o
February 26, 2021
Forcing digital platforms to pay for news content they link to represents an attack on a fundamental principle on which the Internet was built.
February 24, 2021
Two Pitfalls Lawmakers Must Avoid in House Antitrust Subcommittee Hearings on “Reviving Competition”
The House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law kicks off a series of hearings this week that should focus first and foremost on ensuring that antitrust fosters consumer welfare. They should evaluate large technology platforms on a single question: Is what they are doing good for average Americans, while not engaging in clearly anticompetitive conduct?
February 23, 2021
If the goal is to improve the working conditions and benefits of lower-wage workers, then instead of targeting the big firms that actually treat their employees better than small firms, Chairman Sanders would be best advised to focus on pursuing his goal of a $15 minimum wage.
February 22, 2021
When domestic firms collaborate with foreign firms, domestic firms can benefit from knowledge spillovers, which has the potential to improve their performance. This is especially important if the domestic firm is in a developing country, as it allows the firm to “catch up” to world leaders, which boosts economic growth.
February 21, 2021
Notably, the deal agreed on December 24th gives important exemptions that will allow the UK to continue to export electric vehicles without facing tariffs.
February 19, 2021
The reality is that a higher minimum wage would boost productivity growth for the simple reason that when the price of labor is high, the return on investments in labor-saving technology is higher.