Globalization Can Be Good for American Workers
Editor’s Note: The following piece originally appeared in City Journal. It is reprinted here with permission.
No matter how much politicians promise to protect us, technology and globalization will continue to transform the American workplace, driving the U.S. …
American Retail’s Fast, Furious Decline
Midwest City, Okla. — Heritage Park Mall is a tomb, a crumbling and boarded-up monument to a particular weird moment in American history when we did that most American of all things: attempt to perfect a community by rebuilding it from …
‘Baumol’s Disease’ Explains Flagging Productivity
Although William J. Baumol, who recently died at 95, was not widely known beyond the ranks of economists, all Americans are living with, and policymakers are struggling with, “Baumol’s disease.” It is one reason brisk economic growth is becoming more …
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There is, thankfully, less to President-elect Donald Trump’s …
Judge Halts Obama Administration’s Overtime Rule in a Victory for States and Workers
With less than two months to go before President-elect Donald Trump’s inauguration, President Obama’s legacy took another blow this week — this one from Judge Amos Mazzant, who he appointed to the Eastern District of Texas. On Tuesday, …
So What Is the Fiscal and Economic Impact of Immigration?
The National Academies of Sciences, Engineering, and Medicine have just released what can fairly be described as the most comprehensive look at the economic and fiscal impact of immigration on the United States. It represents an update of sorts of …
The Gig Economy and the Labor Market
The Wall Street Journal had an interesting piece last week looking at the gig economy and its impact on the labor market. It was referencing a piece from a few weeks ago:
The share of Americans earning income from digital …
China’s Economy: Not All It Seems
A funny thing happened on the way to China’s inevitable global dominance — the country’s economic tumult rocked markets around the world.
China long ago replaced Japan as the Asian bogeyman whose superior economic model is going to sweep …
The Left’s Middle-Class Problem
Hillary Clinton isn’t saying much of substance at the moment, but we already have a pretty good idea of the domestic agenda on which she will run next year. In January, the Center for American Progress (CAP), the premier …
90 Percent or Bust: The Left’s Strange Eagerness to Raise Top Tax Rates
The top income-tax rate is back to where it was during the Clinton years, thanks to the Obamacrats letting the high-end Bush II cuts expire. But don’t think for a second that the left wouldn’t love to take tax rates …
Trump to Upstate New Yorkers: Move
And lo, there was a light in the darkness.
President Trump has embraced the Williamson Doctrine, the Gospel of U-Haul, the Grand Unified Theory of Getting Off Your Ass and Going Where the Jobs Are.
MAGA, kids. MAGA.
In an …
Has Globalism Gone Off the Rails?
Prague — The West that birthed globalization is now in an open revolt over its own offspring, from here in Eastern Europe to southern Ohio.
About half of the population in Europe and the United States seems to want to go …
Americans Are No Longer on the Move
Americans see themselves as people on the move. When the going gets tough or when opportunity beckons, we get up and go. We move around a lot.
Actually, we don’t — or don’t nearly so much as we …
A Trade Policy That Wouldn’t Leave Low-Wage Workers Behind
President-elect Donald Trump has shown Republicans how to forge a new electoral college majority by energizing blue-collar voters. His victory, with its demands to restrict trade and immigration, also marks the end of free-market advocates’ control over the Republican party. …
Paul Krugman’s ‘Global Recession’ Prediction Lasted as Long as He Was Asleep
Paul Krugman has already had to walk back his prediction of a global recession following Donald Trump’s presidential victory last night. His initial post on the New York Times’ website was confidently apocalyptic about the prospects of Donald Trump …
Obama’s Pretty Words Cannot Beautify His Ugly Economy
If this morning’s employment report has you down, just listen to President Obama. The U.S. economy is gorgeous, he insists.
“In the United States, our economy is growing again,” Obama crowed during his trip to Germany last month. …
How to Roll Back Big Government, for a Free Economy and a Free People
Conservative intellectuals do not trust Donald Trump, who is a strong candidate, having won in New Hampshire after his loss in Iowa. Like Voltaire’s quip about the Holy Roman Empire, Trump appears to be neither principled, nor conservative, nor …
Facing a Global Debt Crisis
The decline in the GDP of the United States in the first quarter of this year has been officially treated as almost as much a ho-hum as the fall of Ramadi to ISIS, but at least the Federal Reserve is …
The U.S. Recovery Is Finally Strengthening. Who Deserves the Credit?
The improving U.S. economy will make absolutely no one forget the Long Boom of the Reagan-Clinton-Gingrich years. Wage growth is stagnant, and too few Americans are working. As Paul Ryan, the new chairman of the House Ways and Means …
Economy Pundits: Who You Gonna Believe, Me or Your Own Eyes?
Liberals, and Keynesian conservatives, are facing a tough intellectual challenge: Why do the American people — who, we can all agree, are otherwise perfectly delightful — persist in their stubborn belief that the U.S. economy stinks, when all experts …