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December 18, 2023
The State of Democratic Capitalism: 2023
…is wrong. Their solutions won’t work. That economic reality will lead to a political course correction. The future for democratic capitalism is bright. Michael R. Strain holds the Arthur F….
December 14, 2023
The Myth of the 1%
The skewing of income toward the top 1% of earners has become a central issue in American politics, with both Republicans and Democrats proposing higher taxes on the rich. But…
November 14, 2023
Forget the Economics of Grievance
…onerous regulatory regime than existed during the Obama presidency. Read the full report. Notes A version of this report was originally published as Michael R. Strain, “Forget the Economics of…
October 30, 2023
Does Wage Theft Vary by Demographic Group? Evidence from Minimum Wage Increases
Using Current Population Survey data, we assess whether and to what extent the burden of wage theft — wage payments below the statutory minimum wage — falls disproportionately on various…
September 15, 2023
Why Industrial Policy Fails
With Democrats and Republicans alike supporting a shift from free markets toward government planning, the United States has clearly entered a new era of economic policymaking. Yet all the reasons…
August 22, 2023
Is Paid Leave a Pro-Growth Policy?
…of some problem in the market), and benefit some groups at the expense of others. Indeed, as my AEI colleague Michael Strain has written, “Such micromanagement would almost surely result in…
August 21, 2023
Four Shocking Truths about the American Economy! (Well, Shocking to Some.)
…productivity growth and wage growth: “The Link Between Productivity and Wages Is Strong” by Michael R. Strain But this next chart tells a radically different story about productivity and pay,…
June 15, 2023
Instead of ‘Late Capitalism,’ Maybe the US Economy Is Still in ‘Early Capitalism’
…LC, at least as it applies to the American economy. This is a big one: According to calculations by AEI economist Michael Strain, real median wages grew by 34 percent from 1990…
March 15, 2023
Can Businesses Boost Upward Mobility?
…wage growth and professional growth and how they correspond in the US labor market. AEI’s Michael Strain spoke last and shared an optimistic view of wage growth and upward mobility…
January 5, 2023
Defending the American Dream with Michael Strain
Our interview this week is with the American Enterprise Institute’s Michael Strain. Michael is the author of The American Dream Is Not Dead: (But Populism Could Kill It), and we…