The United States government has pursued trade liberalization for several decades. A substantial driver of this liberalization has been the assumption that more global trade would help developing countries become wealthier. However, there is considerable research that shows how trade liberalization policies have not always been the best tool to help support economic growth and…
A year ago, at the height of the pandemic, a severe shortage of vital personal protective equipment (PPE) hit America. Hospitals were asking staff to re-use masks and other protective equipment. Health care professionals, political leaders, and ordinary people with family members in hospitals and on ventilators were all in agreement: the U.S. must not…
Executive Summary The CPA Reshoring Index is the first and only measure of U.S. producers’ share of the U.S. domestic market for manufactured goods. It is calculated from federal government data on manufacturing production, imports, and exports. The Reshoring Index for 2020 shows that U.S. producers had a 69.6% share of the U.S. market with…
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a new economic report that documents for the first time the severe disparity in historical job quality for Black and Hispanic workers compared to the national average for all U.S. workers. The report, “Quantifying Job Quality for U.S., Black, Hispanic, and Asian American Workers,”…
CPA’s Job Quality Index reveals that Black Americans and Hispanic Americans suffer from far worse job quality than the total workforce, as measured by the weekly wages of all U.S. production and nonsupervisory employees. These disparities are due to the decline of high quality jobs such as those in the manufacturing sector and the rise…
The Job Quality Index shows that less lower-wage workers returned to work in April, due in part to generous unemployment benefits, now extended to September. Higher paying jobs, therefore, trumped lower-paying ones last month.
When President Biden laid out his vision for the U.S. economy before Congress on April 28th, he emphasized that rebuilding the U.S. economy should focus on “jobs, jobs, jobs.” The federal government should give preference to U.S.-made products as much as possible. To hammer home the point, Biden added: “there is simply no reason why…
McKinsey has turned the corner on the Asia-centric model of globalization. It’s a “now-or-never” moment for US manufacturing. Here’s where CPA sees eye-to-eye.
Secretary of the Treasury Janet Yellen has provided an early signal of the Biden administration’s approach on currencies and currency manipulation. The US apparently has little intention of using currencies to address US economic problems, including slow growth, huge trade deficits, pervasive inequality, and a lack of good jobs. The economic analysis in the new…
Striking all the right chords and buzzwords, China leader Xi Jinping says what the world needs now is love sweet love. Who’s buying?