October 9, 2024
Learning the Right Lessons from the “China Shock”
An influential 2013 paper by economists David Autor, David Dorn, and Gordon Hanson finds an average reduction in manufacturing employment of 90,000 jobs per year from 1990 to 2007 because of U.S. competition with imports from China. Those economists published another important paper, along with economists Daron Acemoglu and Brendan Price, that found import growth from China led to…
October 8, 2024
The Longshoremen Are Making the Wrong Demands
They shouldn’t be trying to block automation. They should be trying adapt to it. The International Longshoremen’s Association ended a three-day strike last Thursday after reaching a deal with a consortium of port operators for a large wage increase for the the 47,000 dockworkers, phased in over the next few years. The deal gives both…
October 8, 2024
Unplanned Obsolescence
Tech sector layoffs have grabbed a lot of headlines over the past two years since the Federal Reserve ended its zero interest rate policy that enabled vast investment in research, development, and high-tech start-ups and as artificial intelligence (AI) has begun to reshape a growing number of sectors. A recent article from the Wall Street Journal highlights a harsh…
October 3, 2024
The New “Old Girls Network” in the American Workplace
One of America’s great success stories has been the gradual opening of opportunities for women in nearly every field, from athletics to higher education. Nowhere has the change been more profound than in the workplace. In 1970, just over 15 percent of all management jobs were held by women. According to McKinsey, that figure has now risen…
October 3, 2024
Protectionism is Failing and Wrongheaded: An Evaluation of the Post-2017 Shift toward Trade Wars and Industrial Policy
Abstract The Trump–Pence and Biden–Harris administrations enthusiastically embraced protectionism. Each administration explicitly argued for a break from the bipartisan consensus of recent decades that has been generally supportive of free trade and of allowing markets to shape US industrial and employment composition. But the protectionism of the Trump and Biden administrations has not succeeded and…
October 2, 2024
The effect of taxes and transfers on low-earning workers’ income.
Despite misperceptions that the United States is limping through late-stage capitalism, American workers are more highly compensated than ever before—even the lowest earners. The 20th percentile earner—worse-off than 80 percent of workers—had annual earnings 19 percent higher in 2022 than in 1979, after accounting for inflation and a decline in women choosing to work only…
October 2, 2024
AOC’s “Social Housing” Dead End
New York representative Alexandria Ocasio-Cortez, an avatar of the progressive Left, recently shared her vision of how America’s housing shortage should be addressed in a New York Times op-ed cowritten with Senator Tina Smith of New Jersey. Ocasio-Cortez’s vision resurrects the debunked Great Depression-era argument that the private housing market is fundamentally flawed and must be replaced by…
September 27, 2024
Food Insecurity Increases Driven by Middle- and High-Income Households
Last month, the US Department of Agriculture (USDA) released their annual report detailing the prevalence of food insecurity in the United States. The report found that 13.5 percent of all US households are food insecure, or, in plain language, have “limited or uncertain access to adequate food”—a significant increase from the year prior. Just a…
September 24, 2024
Household Food Insecurity Rises Again – Inflation, especially for households ineligible for safety net programs, to blame
Each year the USDA issues a closely-followed report on the extent of food insecurity in the United States. This year, the USDA reported 13.5 percent of US households were food insecure at some point in 2023, which was a statistically significant increase from the 2022 rate of 12.8 percent and higher than the pre-pandemic rate…
September 23, 2024
Toward a Potential Grand Bargain for the Nation
The views expressed in this report are those of the individual authors who collectively constitute the Grand Bargain Committee, co-chaired by Michael R. Strain and Isabel V. Sawhill. This report was sponsored by the Center for Collaborative Democracy and was prepared independent of influence from the center and from any other outside party or institution. It…