"This paper demonstrates that even the complete elimination of state GHG emissions will have no measurable effect on climate change risks unless Cali- fornia-style policies are widely adopted throughout the United States, and particularly in other countries that now generate much larger GHG emissions. As California Governor Jerry Brown, a staunch proponent of climate change policies, recently observed, “We can do things in California, but if others don’t follow, it will be futile.” . . . Nevertheless, the extent to which California’s GHG policies have and may be likely to inspire similar measures in other locations, is rarely, if ever seri- ously evaluated by state lawmakers or the California judiciary. Absent such considerations, imposing much more substantial GHG mandates may not only fail to inspire complementary actions in other locations, but could even result in a net increase in GHG emissions should population and economic activity move to locations with much higher GHG emission rates than California.
April 3, 2015
The unique nature of the recovery – as well as a better understanding of pre-existing negative trends – presents clear cause for concern. Shrinking labor mobility and participation rates, stagnant wages, and a steady decline in new business formation are serious structural challenges that were exposed – and exacerbated – by the recession, contributing to one of the weakest recoveries in the past several decades.
Most Americans agree that the future of the U.S. economy depends on the ability of its businesses to compete globally. One of the key factors that allow U.S. employers to grow their businesses and create new jobs is their ability to recruit and retain talent from other countries. How well does the current U.S. employment-based immigration system support this goal? Based on original research and analysis, Business Roundtable found that the United States falls short when compared to other advanced economies.
There is now widespread agreement across the political spectrum that wage stagnation is the country’s key economic challenge. As EPI has documented for nearly three decades, wages for the vast majority of American workers have stagnated or declined since 1979 (Bivens et al. 2014). This is despite real GDP growth of 149 percent and net productivity growth of 64 percent over this period. In short, the potential has existed for adequate, widespread wage growth over the last three-and-a-half decades, but these economic gains have not trickled down to the vast majority.
Despite the large increases in economic inequality since 1970, American survey respondents exhibit no increase in support for redistribution, in contrast to the predictions from standard theories of redistributive preferences. . . In particular, the two groups who have most moved against income redistribution are the elderly and African-Americans, two groups relatively more reliant on it.