The bull market in U.S. stocks is now nine years old, one of the longest such streaks in history. The United States boasts many of the world’s most valuable companies, and investors have enjoyed high returns with low volatility. Yet there’s reason to wonder whether U.S. capital markets, broadly considered, are as healthy as they look. We asked this question …
Tax reform can boost technology, productivity . . . and pay
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 …
The Coming Productivity Boom: Transforming the Physical Economy with Information
We’re excited to share this new research, conducted with Michael Mandel, and commissioned by the Technology CEO Council. Here’s the Executive Summary: Executive Summary The Information Age is not over. It has barely begun. ● The diffusion of information technology into the physical industries is poised to revive the economy, create jobs, and boost incomes. Far from nearing its end, the …
Busting out of the 1.9% economy
The Congressional Budget Office yesterday published its annual 10-year economic outlook. It says, essentially, the economy will continue expanding for the coming decade at the tepid pace of the last decade. It predicts a slow-growth “new normal” of 1.9% annual expansion extending through 2027. If nothing changed, CBO might very well be correct. Yet it’s possible, even likely, that economic policy will change more in …
