It has become widely accepted in the last several years that there has been a massive increase in income inequality in America, said to be behind the rise of populism on both the right and the left. It’s a compelling narrative, but is it borne out by evidence or simply accepted as true because it is a constant refrain?
November 9, 2018
November 5, 2018
Fact of the Week: Between the 1850s and 1920s, Increases in Patents Filed by Immigrants Led to Increased Patent Filings by Native Residents
According to a new study, foreign inventors facilitated native-born inventors, rather than crowding them out. Controlling for city size, a 10 percent increase in the number of patents filed by immigrants increased the number of patents filed by natives in in their respective cities by 4 percent.
October 29, 2018
Fact of the Week: Labor Productivity in the U.S. is Higher than in the EU, Largely Due to ICT Investments
A new report by ITIF finds that the fact that U.S. workers are 16 percent more productive than EU-15 workers is largely attributable to Europe’s failure to invest in information and communications technologies (ICT), which drives labor productivity.
October 25, 2018
Continued research and development remain central to solving challenges such as global warming, cancer, better transportation and housing, and improved security. They are also critical to creating high-paying middle-class jobs writes Joe Kennedy in Innovation Files.
October 24, 2018
Despite our best efforts, the world may not be able to reduce carbon pollution fast enough to avoid the worst impacts of climate change.
October 22, 2018
Fact of the Week: Adoption of Mobile Money in Kenya Lifted 194,000 Households Out of Extreme Poverty
Over the last decade, mobile money services have brought banking to populations that have lacked formal financial services by allowing users to manage money on their mobile phones. First launched in Kenya in 2007, 96 percent of Kenyan households now use mobile money and can withdraw funds in physical currency from 110,000 agents across the country.
October 15, 2018
Policymakers tend to give an outsized share of attention and credit to small businesses, touting their role in entrepreneurship, but in doing so they often conflate small businesses with new businesses. Start-ups are important for their contributions to creative destruction and innovation, but small businesses are less efficient because they cannot take advantages of economies of scale.
October 12, 2018
Congress has taken proactive steps for both drones and supersonic flight with the FAA Reauthorization Act, enabling these U.S. industries to remain competitive and aerospace innovation to proceed apace writes Alan McQuinn in Innovation Files.
October 9, 2018
Fact of the Week: Following China's Anti-Corruption Campaign, Highly Productive Firms Received 44 Percent More R&D Subsidies
The Chinese government funds an exceptionally large amount of R&D, with direct government subsidies accounting for a quarter of the country’s total R&D spending in 2015. As such, how well the government allocates those funds plays an outsized role in determining how innovative the nation can be.
October 1, 2018
Fact of the Week: States That Fund Computer Science Training for Teachers Have 72 Percent More High Schools Offering Computer Science Classes
As computing continues to become more integral to the way society operates, the education system will have to better equip students with the skills they will need to thrive. If computer science is only offered in college, then those who don’t attend college will be locked out of a crucial segment of the economy and fewer college students will be prepared to study computer science when they arrive.