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Jan 4, 2024 | 
eig.org | Adam Ozimek |Amelia Sandhovel
by Adam OzimekThe U.S. population is aging faster than ever. One hundred years ago, one out of every 20 Americans were senior citizens; by fifty years ago, this share had doubled. New U.S. Census projections estimate this share will soon double once again to one out of every five Americans. There is a growing chorus arguing that this aging of the population will be good for workers. With fewer people in the labor market, the argument goes, a scarcity of workers will translate to strong wage growth.
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Dec 13, 2023 | 
eig.org | Daniel Newman |Connor O'Brien |Amelia Sandhovel
by Daniel Newman and Connor O’Brien The pandemic had a silver lining: it partially rekindled the U.S. economy’s famed—but more recently flagging—dynamism. Economic dynamism in the average state rose to a 13-year high in the latest edition of EIG’s Index of State Dynamism (ISD). The ISD assesses state performance on eight core measures of dynamism going back 30 years. What is Economic Dynamism?
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Nov 30, 2023 | 
eig.org | Amelia Sandhovel
EIG Media Contact: Amelia Sandhovel | [email protected] Washington, DC – The Economic Innovation Group (EIG) led a coalition of 13 organizations in sending a letter to New York Governor Kathy Hochul today urging her to sign legislation to ban the use of noncompete agreements in the Empire State. “We write to respectfully urge you to sign S.3100A into law, which would help unleash the full potential of New York’s economy and workforce by banning the use of noncompete agreements.
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Nov 16, 2023 | 
eig.org | Amelia Sandhovel
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Oct 19, 2023 | 
eig.org | Amelia Sandhovel
EIG CONTACT: Amelia Sandhovel | [email protected]Washington, D.C. – The Economic Innovation Group (EIG) applauds the introduction of the Retirement Savings for Americans Act (RSAA), an effort to boost retirement security for low- and moderate-income workers led by Senators John Hickenlooper (D-CO) and Thom Tillis (R-NC), and Representatives Lloyd Smucker (R-PA-11) and Terri Sewell (D-AL-7).
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Sep 28, 2023 | 
eig.org | Amelia Sandhovel
Media Contact: Amelia Sandhovel | [email protected] Washington, D.C. — The Economic Innovation Group (EIG) applauds the reintroduction of the Opportunity Zones Transparency, Extension, and Improvement Act by Representatives Mike Kelly (R-PA-16) and Dan Kildee (D-MI-08), along with Representatives Carol Miller (R-WV-01) and Terri Sewell (D-AL-07), to strengthen the Opportunity Zones (OZ) policy through robust new reporting and measurement requirements and expanded incentives to spur investment...
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Sep 25, 2023 | 
eig.org | Adam Ozimek |Connor O'Brien |Amelia Sandhovel
by Adam Ozimek and Connor O’BrienThe resurgence of industrial policy in the U.S. is perhaps the most consequential—and also most daunting—when it comes to semiconductor manufacturing.
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Sep 20, 2023 | 
eig.org | Connor O'Brien |Amelia Sandhovel
SummaryAmerican economic dynamism has been in decline for most of the 21st century, and several decades prior, according to a new paper by Ufuk Akcigit of the University of Chicago, NBER, and CEPR, Sina Ates of the Federal Reserve Board, and Craig Chikis of the University of Chicago. This decline is apparent across a variety of important measures. Declining knowledge diffusion offers a unifying theory to explain these troubling and related trends, according to the authors.
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Aug 8, 2023 | 
eig.org | Connor O'Brien |Amelia Sandhovel
by Connor O’BrienKey FindingsThe exodus of workers and families from major U.S. cities during the first two years of the pandemic was exceeded by an even larger outflow of income. Newly-released IRS data shows taxable income (Adjusted Gross Income, or AGI) in large urban counties fell by more than $68 billion between 2020 and 2021 from net migration alone, a dramatic acceleration of pre-pandemic leakage.
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Jul 24, 2023 | 
eig.org | Daniel Newman |Amelia Sandhovel
by Daniel NewmanKey FindingsOver the first six months of 2023, applications to start a business likely to hire employees outpaced last year’s first half-year amount by more than 7 percent. Assuming the current trend holds, then this year’s annual total should be just shy of 2021’s record amount. Nearly 871,000 likely employer applications have been filed so far this year—a 36 percent increase over the prepandemic half-year baseline—and the second largest midyear total on record.
