In a new report, EPI Director of Research Josh Bivens explains the ways in which globalization has harmed the majority of U.S. workers and how policy decisions and trade deals have amplified this damage, and outlines a progressive response to globalization that would protect these workers’ wages and give the manufacturing sector a chance to reclaim…
Washington~ The Coalition for a Prosperous America (CPA) released a paper today with an improved methodology for calculating exchange rate misalignment and its connection to the US trade deficit, stagnation in wages and living standards, and slower economic growth. Authors Michael Stumo, Jeff Ferry and John R. Hansen (former World Bank economist) also discuss an…
Originally published in Huffington Post At last month’s Paris Air Show, China showed off its latest military drone, an unmanned intelligent computer-controlled vehicle called the CH-5. By Jeff Ferry, CPA Research Director Military experts were impressed. The CH-5 has a range of 20,000 kilometers (12,000 miles), and can stay aloft for up to 50 hours.…
This memo explains (1) the dollar overvaluation problem, (2) how to accurately calculate the dollar’s misalignment against trading partner currencies, and (3) how the Market Access Charge (MAC) that CPA and others favor would fix this serious threat to America’s future. by Michael Stumo (CEO)Jeff Ferry (Research Director)and John R. Hansen (Advisory Board) The foreign exchange…
By Jeff Ferry, CPA Research Director When a large number of famous economists from all sides of the political spectrum agree on something, the odds are that it is wrong. A new letter on the subject of steel tariffs is a good example of that rule. In a public letter dated Wednesday July 12th, economists…
