Germany implemented a minimum wage of €8.50 in 2015, impacting 15 percent of the country’s workers. A new study puts to rest concerns that the wage increases would kill jobs, showing that the policy had no impact on the unemployment rate of low-income workers.
February 24, 2020
Fact of the Week: One-Quarter of the Pay Increases Resulting From Germany’s Minimum Wage Came From Low-Income Workers Moving to Larger, Higher-Paying Firms
February 19, 2020
A natural experiment in the United Kingdom found that giving a generous R&D tax credit to small and medium-sized enterprises has a significant effect on both research spending and patents, and these advantages have spilled over to technologically related firms.
February 18, 2020
Fact of the Week: Computer Science Graduates From 11 Universities Make Median Starting Salaries Over $100,000
With the cost of a degree from a top university increasing steadily, it is more important than ever for prospective students to understand their earnings prospects after graduation.
February 10, 2020
Fact of the Week: The Digital Economy has Contributed to 86 Percent of U.S. Labor Productivity Growth in Recent Years Despite Accounting for Only 8.2 Percent of GDP
Labor productivity growth has slowed dramatically across the developed world in recent years. In the United States, it dropped to just 0.96 percent in the 10-year period from 2007 to 2017. That was down by more than half from 2.06 percent in the previous 10-year period.
February 7, 2020
Congress may not be ever able to entirely eradicate digital piracy, but it should strive for better policies and stronger enforcement to bring piracy levels down to a minimum.
February 4, 2020
It no longer takes two people to operate a train in many circumstances—and mandating it would have broad ramifications for the industry, consumers, roads, and the environment.
February 3, 2020
The United States imposed tariffs on $290 billion of imports in 2018 and 2019, with an average tariff increase of 24 percent. A new study has quantified the impact of this on the U.S. economy, finding that firms facing increased import costs accounted for 84 percent of U.S. exports in those years and 65 percent of U.S. manufacturing employment.
January 28, 2020
When it comes to sharing personal information, most of us are what the renowned privacy scholar Alan Westin called “privacy pragmatists”—we appreciate the value and convenience that today’s technological innovations offer, and we make decisions about which services we want to use and which transactions we want to engage in based on the costs and benefits of each opportunity.
January 27, 2020
Economic espionage represents a significant threat to the technological advantage of innovative companies, especially in high-tech sectors, where trade secrets are often worth billions of dollars. According to the Justice Department, China is by far the largest source of economic espionage, much of which is government-backed.
January 24, 2020
It makes little sense for the administration to say the phase one deal is going to increase U.S. exports of high-tech goods while simultaneously erecting new barriers to those very same sales.