There is a strange phenomenon occurring in the United States. On the one hand, Americans have a long tradition of championing the entrepreneur, the underdog who strikes out alone and captures the American Dream. On the other hand, successful entrepreneurs today are facing hostile arguments that say their success makes them the bad guy.
Political risk is a fascinating yet not entirely objective field. As a result, it's hard for financiers and businesses to systematically or accurately incorporate political risk into decision-making. Foreign direct investment (FDI) has grown by a factor of 25 from 1980 to 2010, making it imperative that we get accurate measures of country risk. That's why a new NBER working paper may prove an important step forward.
Four million open jobs exist throughout the United Sates due, in part, to a workforce that lacks the skills needed by the business community. As executive vice president of the U.S. Chamber of Commerce Foundation, one of my responsibilities is to lead on education reform, workforce development, and the skills gap. Education and workforce development has been an important issue for me ever since a chance encounter in Texas nearly 15 years ago.
The need for job creation and economic growth dominates nearly every aspect of the current public debate, from STEM education to immigration reform to government programs. For many, whatever does not contribute to improving the job market and the national economy is a low priority, relegated to the sidelines until the country is back on its feet.
Is the glass half empty or half full? When it comes to the America's economic growth, Robert Gordon’s answer is clear—the outlook is dismal at best. His 2012 paper, Is U.S. Economic Growth Over?, argued that America’s years of rapid progress and growth were over.
Amazing! Today’s iPhones have the same capabilities (and more!) than 13 distinct electronics gadgets, worth more than $3,000, found in a 1991 Radio Shack ad.
Even though the number of young people with a postsecondary credential or college degree is on the rise, the same cannot be said for youth employment, as many struggle to secure a job.
Open Data Now is the first complete book on Open Data. For that fact alone author Joel Gurin has offered a tremendous resource on this fast-growing field. He takes readers on a guided tour of all the manic energy transforming Open Data in nearly every sector. Startups and innovators emerge from each page to tell the story of an economy and society transformed.
As a tough winter marches on, I am reminded of the adage parents sometimes hand down to their children: "Every person is a unique snowflake." It’s the kind of sentiment that makes children feel special, but within that saying is a sage piece of wisdom for businesses competing in the globalized marketplace. Every consumer is unique; realizing new opportunities demands a new approach to responding to very different product demands by different parts of the world.
Recently, the energy policy discussion in Washington has turned to the issue of crude oil exports. Crude oil exports are controlled—and restricted—under the Energy Policy and Conservation Act of 1975 (EPCA), passed in response to the oil price shocks of the early 1970’s. Earlier this month, Senator Lisa Murkowski issued a white paper advocating greater energy exports.
Written by Melissa Guay, a Researcher in the Emerging Issues division.
POLITICO Magazine’s Glenn Thrush is out with a great report out on Pittsburgh’s economic renaissance. He finds that “Pittsburgh, after decades of trying to remake itself, today really does have a new economy, rooted in the city’s rapidly growing robotic, artificial intelligence, health technology, advanced manufacturing and software industries.”
On the quiet corner of a small Texas strip mall this past month, a local Chinese eatery became the setting for a groundbreaking use of an everyday tool. A hurried phone call from an employee of the popular Dragon One restaurant had brought police cruisers to the front door in minutes.
The signifiers of success used to be simple. Own a home (or two) and a car (or two) and voilà! You've achieved the American Dream. Ownership, however, is a complicated concept for an increasing number of Americans—and not for all the reasons you might think.
The Economist has the definitive read on the future of jobs in America.