Our take, in The Hill, on the prospects for tax reform and its effects on investment, productivity, and wages.
Tax reform can boost technology, productivity and, yes, your wage
by Bret Swanson | The Hill | December 14, 2017
What’s the link between robots, artificial intelligence and tax reform? We’ve been debating whether new technologies can ignite a productivity resurgence or whether tech has lost its potency; whether increased productivity will benefit workers or eliminate jobs altogether.
Understanding these relationships can help show why tax reform might boost all three — technology, productivity, and pay.
One of the most serious anti-tax reform claims is that it won’t help the average worker. Investment, productivity and growth, this argument says, are accruing mostly to the fortunate few. So, even if we could boost those top-line metrics, we may not be doing much for the typical American.Read More