By Jeff Ferry, CPA Chief Economist On October 25th, America’s largest steelmaker Nucor opened a new steel mill in Hickman, Arkansas. The mill will employ about 100 workers at an average salary of $80,000 a year. A jubilant Arkansas Governor Asa Hutchinson attended the opening and told the crowd: “I am thrilled that Nucor chose…
Editor’s Note: Jeff Ferry, Chief Economist at the Coalition for a Prosperous America, about what’s going on with the US trade war. Interview starts [19:35] Jeff’s thoughts on the current trade situation Jason Hartman begins today’s show discussing where the real growth in wages is happening. Fortunately it’s happening in the “real” economy, meaning those jobs that…
By Jeff Ferry and Steven Byers The US goods deficit with the European Union (EU) is on track to triple in a decade. In July, our monthly deficit with the EU topped $20 billion for the first time ever. In the first seven months of this year, our EU deficit came in 9.8 percent worse…
By Jeff Ferry, CPA Chief Economist On Sept. 23rd, Apple announced that its Mac Pro computer will continue to be manufactured in Texas, rather than China, Taiwan, or southeast Asia, as the company was previously planning. The Mac Pro is currently the only Apple product assembled in the United States. This is good news for…
Editors note: Michele Nash-Hoff is a CPA member. The Baldwin-Hawley Senate Bill, S.2357, titled the “Competitive Dollar for Jobs and Prosperity Act” was introduced by Sen. Tammy Baldwin (D-WI) and Josh Hawley (R-MO) on July, 31, 2019. The purpose of the Bill is “To establish a national goal and mechanism to achieve a trade-balancing exchange…
By Jeff Ferry, CPA Chief Economist In his recent article, How Not to Restore American Industry, commentator David P. Goldman criticizes the Baldwin-Hawley bill, also known as the Competitive Dollar for Jobs and Prosperity Act, which was introduced into the Senate earlier this month. The bill would provide the Federal Reserve Bank with a third…
After the year 2000, US manufacturing employment experienced a rapid, unprecedented decline with the loss of some six million manufacturing jobs. Many commentators have described this as a normal, even healthy evolution, with workers allegedly moving into “jobs of the future” in the service sector. After the year 2000, US manufacturing employment experienced a rapid,…
By Jeff Ferry, CPA Chief Economist It took 20 years for China to disrupt global supply chains and build up the world’s largest manufacturing base. In the process they decimated US manufacturing sectors like computers, telecommunications, and furniture. It seems to be taking just two years for China’s manufacturing dominance to crumble before our eyes.…
This Working Paper presents the results of a CPA econometric model showing that a permanent tariff on Chinese imports would stimulate the US economy. by Jeff Ferry (Chief Economist) and Steven Byers (Senior Economist) The Coalition for a Prosperous America (CPA) has updated a prior study on the impact of permanent tariffs on all Chinese imports. Specifically, we…
By Jeff Ferry, CPA Chief Economist The US trade deficit jumped 8.4 percent in May, to $55.5 billion, as compared to April’s $51.2 billion, according to data published today by the Department of Commerce. On a year-on-year basis, the jump was even larger, up 25.2 percent over the May 2018 figure of $44.4 billion. However,…
