Discussions about job losses from automation tend to assume that innovation will overwhelmingly displace low-skill workers. But this view is misguided because it fails to recognize that low-skill jobs are the least profitable for companies to make obsolete.
Innovation Files Blog
September 23, 2019
Fact of the Week: Workers Threatened by Automation Have Roles That Are 9 Percent More Complex Than Those Who Aren’t Threatened
September 19, 2019
Climate change, pollution, and the economy’s sensitivity to energy prices all make continued environmental innovation a key priority.
September 16, 2019
Fact of the Week: The Internet Increased the Global Economic Growth Rate by 0.7 Percentage Points Between 1995 and 2016
The rise of the Internet has allowed billions of people to access services that would not exist otherwise, while driving the growth of technologies that power them. A new study has attempted to quantify this effect, examining the rate of Internet usage across 76 countries between 1995 and 2016.
September 16, 2019
There is much to do to restore the promise of the American dream for U.S. workers. Attacking tech companies might feel good, and even excite some in the progressive base, but it won’t get the job done.
September 13, 2019
The OECD calculates the generosity of each country’s R&D tax credit annually. In 2000, the United States ranked 10th among OECD members. In the 2018 rankings, the United States has dropped to 26th among OECD members and 32nd among all countries included in the report.
September 10, 2019
The California State Senate is considering a bill to make it illegal for law enforcement to use facial recognition technology in officer-worn body cameras. The bill, AB 1215, has passed the State Assembly. It should not pass the Senate because it is based on a number of fallacies concerning facial recognition technology and would undermine beneficial uses of it by law enforcement.
September 9, 2019
Fact of the Week: Only 23 percent of large corporations in North America have a chief digital officer, compared to 39 percent in Europe.
From cloud computing to e-commerce and social media, companies’ digital strategies have become crucial across all industries. This is reflected in the rise of chief digital officer (CDO) positions, which companies have used to centralize and prioritize their digital strategies.
September 3, 2019
Fact of the Week: Implementing an R&D tax Credit Increases a State’s Rate of Business Formation by 7.5 Percent
Proponents of R&D tax credits argue that reducing the costs businesses face to innovate encourages them to invest more into R&D. A recent study of county-level data between 1990 and 2010 provides evidence to support this argument.
August 28, 2019
If the U.S. economy is to regain its international competitiveness, especially vis-à-vis China, it will have to accelerate innovation, including in advanced-industry production.
August 26, 2019
Fact of the Week: Every Dollar Canadian Firms Invested in R&D Between 2000 and 2012 Added Another 33 Cents to the Rest of the Economy
When a business makes a new discovery, it cannot capture all the profits for itself, because competitors can replicate the discovery or use it to pursue their own new research opportunities. This positive spillover effect doesn’t provide an incentive for businesses to invest in R&D, but it helps the rest of society, which is one reason why governments subsidize R&D investments.