This US survey examines (a) If enacted and technologically effective, a national ban on the use of TikTok would have a measurably negative impact on US innovation; (b) If enacted and technologically effective, a national ban on the use of TikTok would have a measurably positive impact on the profits of the big US tech companies
Keyword: technological change
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This US survey examines (a) Given the centrality of semiconductors to the manufacturing of many products, securing reliable supplies should be a key strategic objective of national policy; (b) Restrictions on exports of semiconductors and related high-tech equipment to China will substantially improve US technological leadership
This week's IGM European Economic Experts Panel statement:
Ideas are nonrival, so increasing returns to scale is an essential feature of technological change in a market economy.
This week's IGM Economic Experts Panel statement:
Ideas are nonrival, so increasing returns to scale is an essential feature of technological change in a market economy.
This week's IGM Economic Experts Panel statement:
The biggest reason for the measured slowdown in US productivity growth since the mid-2000s is that productivity increases have gone mismeasured, including new and better products and services that have been insufficiently captured by real output data.
This week's IGM Economic Experts Panel statement:
Because labor markets across different sectors are connected, rising productivity in manufacturing leads the cost of labor-intensive services — such as education and health care — to rise.
This week’s IGM Economic Experts Panel statement:
The most powerful force pushing towards greater wealth inequality in the US since the 1970s is the gap between the after-tax return on capital and the economic growth rate.
This week’s IGM Economic Experts Panel statements:
A: All else equal, Patent Assertion Entities — which specialize in acquiring and asserting patents and are popularly known as “patent trolls" — promote innovation in the U.S.
B: Within the software industry, the US patent system makes consumers better off than they would be in the absence of patents.
This week’s IGM Economic Experts Panel statements:
A: Advancing automation has not historically reduced employment in the United States.
B: Information technology and automation are a central reason why median wages have been stagnant in the US over the past decade, despite rising productivity.
This week’s IGM Economic Experts Panel poll statement:
One of the leading reasons for rising U.S. income inequality over the past three decades is that technological change has affected workers with some skill sets differently than others.
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