In my 15 years in Silicon Valley, I found venture capitalists to be the shrewdest and smartest individuals there. The best of them have had previous experience as engineers or managers, sometimes both. They had experience at some of the best, most successful companies but also experience at some of the worst-managed companies (which far…
Greater import dependence makes countries more vulnerable to price shocks.
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) edged down by 0.03% to 81.27 in June, as low-quality job growth slightly exceeded high-quality. Low-quality jobs increased in the healthcare, accommodation, and food service industries. High-quality jobs increased in professional and business services. The average weekly wage…
The CPA Domestic Market Share Index (DMSI) fell to 64.9 in Q1 2022, down from 66.4 in the previous quarter, indicating that importers increased their share of U.S. consumption of manufactured goods in Q1 by 1.4 percentage points to 35.1%. This is the lowest domestic market share and highest import share since the beginning of…
In his recent WSJ column “Strong Dollar Wins the Inflation Battle in New Spin on Currency Wars,” James Mackintosh suggests that the dollar’s sharp appreciation in recent years has been good for America and may be part of “an essential rebalancing of the global economy.” The costs of a bloated dollar are very high. Trade…
The economy is moving from growth to contraction, as Thursday’s 0.9% decline in GDP tells us. The debate over whether we are in a recession today is mostly pundits rehearsing their political messages for television, with the November election looming. We are almost certain to be in recession by year-end or early next year. I’m…
U.S. market share in the solar industry has increased since solar tariffs were enacted.
This article is an expanded version of testimony delivered by Mr. Ferry to the U.S. International Trade Commission on July 22, 2022. The Section 232 steel tariffs have benefited the U.S. steel industry and its workforce American steelworkers earned an average of $117,200 last year, making steel one of the best-paying industrial sectors in…
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) rose to 81.29 in May, up 0.28% from the previous month, reflecting a rise in both high-quality and low-quality jobs. The slight increase was the result in increases in high-quality jobs in construction and transport/warehousing, which were partially…
Corporate profits grew by double and sometimes triple digits during the COVID-19 pandemic. Worker wages did not.