Feb. 23, 2017
Nearly two-thirds of the Europe’s renewable energy comes from burning wood. No, this isn’t some time capsule report from 500 years ago—that’s actually what the European Union is doing to meet its vaunted climate targets.
Dec. 13, 2016
This trend undermines the ability of state and local governments to invest in their public services by recruiting and retaining high-quality civil servants. For example, according to a report from Bellwether Education Partners we reported on last Spring, teachers could be making an average of 15 percent more if it weren’t for the unfunded liabilities that pension funds had accumulated over the years.
Dec. 7, 2016
Amazon is building stores without cashiers and checkout lines. . . In Seattle, where Amazon is building its first cashier-less store, raising the minimum wage just $1.53 to $11 has already decreased the share of workers with jobs by 1.2 percent. By the time Seattle hits $15 in 2021, many more job positions will have been priced out. Raising minimum wages accelerates the elimination of low-wage work through automation and raises the barrier to entry for new companies that don’t have advanced capabilities.
Nov. 8, 2016
The importance of infrastructure for economic growth need not be belabored; it is part of the capital stock that enables and increases U.S. productivity. Nor has the severity of its decay gone unnoticed; the issue has been discussed extensively in the media. But the issue also bears important political implications. Building infrastructure creates large numbers of jobs for working Americans, and renewed efforts can bolster the sagging fortunes of the working class, whose anger has propelled populist politicians like Donald Trump. It is one of the few ways that the Federal government can spend money to reduce income inequality in the United States.
Oct. 13, 2016
Germany already lays claim to the dubious distinction of having some of Europe’s highest electricity prices, but its households will be forking over even more next year as they shoulder the costs of the country’s renewables-at-any-price energy policy, better known as the energiewende.