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.
August 7, 2017
July 31, 2017
Fact of the Week: U.S. Companies Increased Their “Energy Productivity” 16.5 Percent Between 1998 and 2014 by Adopting Better Software for Managing Industrial Processes
From 1998 to 2014, U.S. companies managed to increase output by 16.5 percent for each unit of energy input by adopting better IT, writes John Wu in Innovation Files.
July 17, 2017
Fact of the Week: Minority Students Accepted Into Entrepreneurial Training Programs Were 20 Percentage Points More Likely to Pursue Entrepreneurial Careers Than Those Who Were Finalists But Not Accepted
Among minorities, those who were accepted into an entrepreneurial training program were 20 percentage points more likely to pursue an entrepreneurial career than those who were finalists for the program but not accepted, writes John Wu in Innovation Files.
July 10, 2017
Fact of the Week: When Doctors Start Using Electronic Drug Referencing Systems, They Begin Prescribing Newly Released Generics up to Two Months Earlier Than Before
When doctors have better access to medicinal information through electronic drug referencing systems, they prescribe newly released generics up to two months sooner, writes John Wu in Innovation Files.
July 3, 2017
Fact of the Week: Latin American Firms That Used Broadband Internet Service in 2010 Were 11 Percent More Productive Than Those That Didn’t.
For Latin American firms, the higher their Internet activity intensity, the greater their productivity gains, writes John Wu in Innovation Files.
June 26, 2017
Fact of the Week: In the Last 60 Years, $400 Million Worth of Federally Funded Cancer Research Trials Added 3.3 Million Years to the Lives of U.S. Patients
In the last 60 years, $400 million invested over 23 federally funded cancer research trials added 3.34 million years to the lives of U.S. patients, writes John Wu in Innovation Files.
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 12, 2017
Fact of the Week: In the EU, Increasing R&D Investment Creates 30 Percent More Employment in High-Tech Firms than Medium-Tech Firms
In the EU, increasing R&D investment by one percent creates 30 percent more employment in high-tech firms than medium-tech firms, writes John Wu in Innovation Files.
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.
June 2, 2017
Broadband Myth Series, Part 1: What Financial Data Shows About the Impact of Title II on ISP Investment
A major part of the net neutrality debate is whether capital investment in broadband has gone up or down since ISPs were designated common carriers under Title II, writes Doug Brake in Innovation Files.