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October 15, 2024

Why Should the US Wish to Be More Like China?

…works because their economy is embedded in an authoritarian state with a compliant industrial sector. Rather than uniting our allies, the protectionist policies of the Trump and Biden administrations have…

By Michael R. Strain

October 9, 2024

Learning the Right Lessons from the “China Shock”

…the extent that adverse effects on import-competing workers created Keynesian aggregate-demand reductions, post-2007 economic slack was a major contributor. The paper is well titled: “Protectionism is Failing and Wrongheaded: An…

By Michael R. Strain

September 10, 2024

Event: New Census Data on American Families’ Economic Well-Being

…AEI’s Kevin Corinth began by summarizing the data’s main findings. Median household income rose, and the official poverty measure (OPM) showed that poverty declined while the supplemental poverty measure (SPM)…

By Kevin Corinth et al.

December 18, 2023

The State of Democratic Capitalism: 2023

…— six years after the financial crisis — for the median inflation-adjusted wages to return to its level in 2007 level. For six years, over half of workers lost ground. It is…

By Michael R. Strain

December 14, 2023

The Myth of the 1%

…and more women have entered the workforce. This considerable improvement in Americans’ well-being is more striking than the share of income accruing to the country’s highest earners. Compare a median-income household to…

By Michael R. Strain

December 15, 2022

The Myth of Income Stagnation

…confirm that the conventional wisdom is off-base. According to the CBO, median household income from market activities – labor, business, and capital income, as well as retirement income from past…

By Michael R. Strain