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2 weeks ago | 
itif.org | Stephen Ezell |Trelysa Long |Meghan Ostertag
KEY TAKEAWAYSA blanket 25 percent tariff on U.S. semiconductor imports would produce a 0.18 percent downturn in U.S. economic growth in the first year, and if sustained over 10 years, would result in a 0.76 percent slowdown in U.S. economic growth in the 10th year. A 10 percent tariff would result in 0.06 percent of U.S. gross domestic product (GDP) growth foregone in the first year and 0.20 percent in the 10th year.
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Jan 15, 2025 | 
itif.org | Robert D. Atkinson |Meghan Ostertag
In his first term, President Trump called out and took action against systematic Chinese innovation mercantilism, as ITIF had long argued America must.
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Jan 6, 2025 | 
itif.org | Meghan Ostertag
|January 6, 2025Source: Aaron Back, “The U.S. Needs a Productivity Miracle. It Might Just Get One.” The Wall Street Journal, December 26, 2024. Commentary: Economic growth is essential for reducing the national debt, and labor productivity, measured as output per hour worked, is one of the most essential tools for stimulating growth. However, U.S. labor productivity has been relatively unexceptional for many years.
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Dec 23, 2024 | 
itif.org | Meghan Ostertag
|December 23, 2024Source: Micole De Vera and Javier Garcia-Brazales, “Establishment Size and the Task Content of Jobs: Evidence from 46 Countries,” Institute for Labor Economics, no. 17319 (September 2024). Commentary: In a recent report, Micole De Vera and Javier Garcia-Brazales analyzed how firm size relates to work tasks to discover how firm size impacts employee tasks.
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Dec 16, 2024 | 
itif.org | Meghan Ostertag
|December 13, 2024Source: Organization for Economic Cooperation and Development (OECD), OECD Digital Economy Outlook 2024 (Volume 2) (Paris: OECD, 2024), 74-75. Commentary: From 2013 to 2022, wages in the information and communication technology (ICT) sector outpaced total average wages in Europe, according to the annual OECD Digital Economy Outlook 2024. Of the 28 countries with data available, two-thirds saw ICT sector wages grow faster annually than in the rest of the economy.
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Dec 13, 2024 | 
itif.org | Meghan Ostertag
|December 2, 2024Source: Organization for Economic Cooperation and Development (OECD), OECD Digital Economy Outlook 2024 (Volume 2; Paris: OECD, 2024). Commentary: Fifth generation (5G) wireless technology has become widely available in many developed countries and most of the Organization for Economic Cooperation and Development (OECD) nations.
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Nov 25, 2024 | 
itif.org | Meghan Ostertag
|November 22, 2024Source: Saheel A. Chodavadia, et al., “Immigrant Entrepreneurship: New Estimates and a Research Agenda,” National Bureau of Economic Research (NBER) working paper (Cambridge, Massachusetts: May 2024). Commentary: According to a report by Saheel A. Chodavadia, et al., immigrants, whom make up about 14 to 15 percent of the U.S. population, have an outsized role in entrepreneurship, starting over 20 percent of new businesses in America.
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Nov 18, 2024 | 
itif.org | Meghan Ostertag
|November 15, 2024Source: Jinkyong Choi, et al., “Third Places and Neighborhood Entrepreneurship: Evidence from Starbucks Cafes,” National Bureau of Economic Research (NBER) working paper (Cambridge, Massachusetts: October 2024). Commentary: “Third places” are local establishments, such as restaurants, bars, and coffee shops that provide a location for individuals to meet, exchange ideas, and build community. A report by Jinkyong Choi, et al.
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Nov 14, 2024 | 
itif.org | Amit Kapoor |Stephen Ezell |Meghan Ostertag |Sheen Zutshi
KEY TAKEAWAYSThe United States claims the top 51 regions, with California, Massachusetts, and Washington ranking in the top three. The top three Indian states are Delhi, Chandigarh, and Tamil Nadu, although they rank below all U.S. states. Indian regions excel in globalization indicators, taking top spots in inward FDI and high-tech exports. However, most of the FDI into India and most of the high-tech export activity are concentrated in five states.
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Nov 11, 2024 | 
itif.org | Meghan Ostertag
|November 11, 2024Source: Yong Suk Lee et al., “Robots and Labor in Nursing Homes,” National Bureau of Economic Research (NBER) working paper (Cambridge, Massachusetts: November 2024). Commentary: Nursing homes are notorious for worker shortages, which worsens the quality of care for patients and the work environment for employees. Japanese nursing homes have begun deploying robots to address these problems.
