Job Quality Index Up Slightly as High and Low Quality Jobs Rise
The U.S. Private Sector Job Quality Index (JQI) rose by a slight 0.03% 81.03 in September as both low-quality and high-quality jobs rose.
Free Trade Theory and Reality: An Economist’s Critique
The theory of free trade is so familiar and so often quoted, you might think there is ample evidence proving its accuracy. But there isn’t. In fact, there is scarcely any evidence at all. On the other hand, there is abundant evidence showing the theory is wrong. In an academic article recently published in the…
Looming Copper Shortage Threatens U.S. Resiliency and Geopolitical Order
The “Green Revolution” promises to produce electric power in a climate-friendly, low-emissions manner for homes, businesses, cars, trucks and other vehicles. There’s just one giant stumbling block. All these clean-energy sources use large amounts of copper. Global copper demand is forecast to double between now and 2035. But copper supply may not keep up. If…
U.S. Income Inequality Widened Further in 2021
The top 5% and top 20% of U.S. households have enjoyed most of the gains in U.S. GDP since 1970. Bottom 20% have seen almost no gains in 50 years.
Production Tax Credits Unleash Tidal Wave of Investment in Manufacturing
$22 Billion of Investment to Create 15,000 Jobs The manufacturing incentives tucked into the Inflation Reduction Act have unleashed a tidal wave of investment in U.S. manufacturing unlike any we have seen in decades. According to CPA calculations, and our calculations are a work in progress, so far $22 billion of investment dollars have been…
Job Quality Index Falls to 81.07
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) fell 0.45% to 81.07 in August, as low-quality job additions exceeded high-quality additions. Low quality jobs, i.e. jobs that pay weekly wages below the national average for all production and nonsupervisory workers, increased in the latest month, particularly…
US Rare Earths Industry Making Inroads Into China’s Global Dominance
America’s dependence on China for rare earth supplies is one of the most serious issues for the U.S. supply chain. Rare earths are critical minerals with uses in military equipment such as fighter jets. On the civilian side, rare earths are required for the motors in electric vehicles, a market that is destined to be…
House Prices Move Further Out of Reach for Young Families
By Amanda Mayoral Summary Americans are working harder and waiting longer to buy homes The cost of a home is 6 times median household income today, versus 3.2 times in 1967 The disparity between house prices and median incomes was exacerbated by the COVID pandemic which drove a 37% increase in house prices…
Dollar Hits New Highs, Wreaking Havoc on US & World Economy
The foreign exchange value of the U.S. dollar is soaring on an almost daily basis, causing problems here at home and abroad. There is growing talk of international coordination to stem the rise of the dollar and bring more stability to currency markets. Meanwhile there is support in Congress for the CPA proposal of a…
China Trade Surplus and US Deficit Hit New Records, Driving Global Instability
ecKey Points China’s global trade surplus is heading for a new all-time high this year. Based on the first seven months of data, we estimate the full-year surplus will reach a record $886 billion. The U.S trade deficit will also set records this year, at an estimated $1.13 trillion trade deficit and a $1.34 trillion…