Economics

U.S. Desperately Needs a Strategy to Attract the Right Skilled Immigrants

bigstock-March-For-Immigration-Rights-A-5037943.jpg

President Obama’s recent “do it myself” immigration reform plan, predictably dissed by conservatives and nativists, reveals just how clueless the nation’s leaders are about demographics. Monday’s Supreme Court ruling on Arizona’s immigration crackdown also broke down along predictable lines, with both parties claiming ideological victories.

Yet the heated debates are missing the reality of immigration and its role in America’s future. In reality America needs more immigrants, but with a somewhat different mix.  read more »

Despite Obama’s Policies, The Rust Belt’s Revival Could Save His Campaign

bigstock-Truck-On-A-Bridge-2524653.jpg

Barack Obama’s political base always has been more “creative class” than working class—and his policies have favored that base, seeming to cater to energized issue and identity constituencies including African-Americans, Hispanics, gays, and greens, often at the expense of blue-collar workers.  read more »

Thunder On The Great Plains: A Written-Off Region Enjoys Revival

bigstock-Downtown-Oklahoma-City-29355374.jpg

They may not win their first championship against Miami’s evil empire, but the Oklahoma City Thunder have helped to put a spotlight on what may well be the most surprising success story of 21st century America: the revival of the Great Plains. Once widely dismissed as the ultimate in flyover country, the Plains states have outperformed the national average for the past decade by virtually every key measure of vitality — from population, income and GDP growth to unemployment — and show no sign of slowing down.  read more »

Historic Heritage of the Rust Belt

brueggmann-rustbelt-1.jpg

I’ve been spending a lot of time in Ravenna recently. No, not the town in Italy with its early Christian buildings and glittering mosaics. I mean Ravenna, Ohio, a small industrial city of some 12,000 people near Akron.   read more »

No, It's the Deniers who Are Wrong

Jobless not Hopeless.jpg

Dennis Meyers is the Principal Economist at California’s Department of Finance. He has recently published two parts of what is promised to be a four-part series titled The Declinists are Wrong. He intends to convince us of “the fundamental strength of the Golden State’s dynamic and vibrant economy.”

I was going to wait until the entire series was complete before commenting, but part one and part two are so poorly argued that I feel compelled to respond now.  read more »

Enterprising States 2012: Beating the New Normal and Policies that Produce

enterprising-states-2012.jpg

The following is an exerpt form a new report, Enterprising States, released this week by the U.S. Chamber of Commerce and National Chamber Foundation and written by Praxis Strategy Group and Joel Kotkin. Visit this site to download the full pdf version of the report, or check the interactive map to see how your state ranks in economic performance and in the five policy areas studied in the report.  read more »

From California to Canberra, the Real Class War

bigstock-Australia-s-Parliament-House-b-16446572.jpg

Just under a year before she crawled over Kevin Rudd to claim the Prime Minister’s office, Julia Gillard visited the United States in her then capacity as Australia’s Education Minister. Her stay in Los Angeles took in the Technical and Trades College, where she brushed up on the teaching of “green skills,” a subject close to her heart.  read more »

America's Two Economies

bigstock-Finding-A-Job-Employment-1988292.jpg

Surely you’ve seen it in your own neck of the woods: great contrasts between prosperity and wealth on the one hand, and hardship and despair on the other. I have certainly seen it in every place I have been over the last four years.  read more »

Facebook’s False Promise: STEM's Quieter Side Of Tech Offers More Upside For America

bigstock-Computer-support-engineer-Iso-30901142.jpg

Facebook‘s botched IPO reflects not only the weakness of the stock market, but a systemic misunderstanding of where the true value of technology lies. A website that, due to superior funding and media hype, allows people to do what they were already doing — connecting on the Internet — does not inherently drive broad economic growth, even if it mints a few high-profile billionaires.  read more »

It Can Happen Here: The Screwed Generation in Europe and America

bigstock-Unemployed-Woman-5876023.jpg

In Madrid you see them on the streets, jobless, aimless, often bearing college degrees but working as cabbies, baristas, street performers, or—more often—not at all. In Spain as in Greece, nearly half of the adults under 25 don’t work.

Call them the screwed generation, the victims of expansive welfare states and the massive structural debt charged by their parents. In virtually every developed country, and increasingly in developing ones, they include not only the usual victims, the undereducated and recent immigrants, but also the college-educated.  read more »