The X Factor That Helps Cities Rebound
A community’s store of “social capital” can determine how well it rebounds from adversity.
A community’s store of “social capital” can determine how well it rebounds from adversity.
The biggest chunk of tariffs in the Great Tariff War of 2018 is between the United States and China, beginning with two rounds of tit-for-tat tariffs worth around $50 billion against one another. The United States just raised on the ante by another $200 billion. China will not fold; they will go “all in” in this poker game, but we don’t know what that means yet as they hold their cards close.
Whether you bought a multipack of screamers, bottle rockets, and roman candles from a roadside stand, or plan to watch a professionally-designed community display this Fourth of July, chances are the fireworks themselves were produced in China.
Every year, between two to four percent of workers in industrial economies are “displaced” from their jobs. Those most likely to lose their jobs – the very young, the very old, and the less educated – are also the workers least equipped to manage economic upheaval successfully. Even in resilient and growing economies, these workers often need a hand to get back on their feet.
By focusing on better preparing youth for employment in the knowledge economy, we can address long-term labor market shortfalls, improve lifetime earning potential, and contribute significantly to national productivity and global competitiveness. Where does it all begin? With teaching our kids to read well.
One result of the widespread acceptance of e-commerce and home delivery is a growing and urgent demand for drivers – at least for now.
The few domestic companies that may (or may not) benefit from special treatment shouldn’t outweigh the costs for the rest of the economy.
When it comes to steel tariffs, we could be in a trade war — with ourselves.
Etsy, the online marketplace for handmade, vintage, or other unique items, is one of many popular Internet platforms where individual creators can sell their works. Nearly 15 million Americans earned a collective $6 billion using just nine of these platforms. Millions more did the same worldwide. And now many of these creators are also global traders.
Every January, the global automobile industry gathers in the Motor City for the North American International Auto Show (NAIAS). In a celebration of ingenuity, companies display futuristic concept cars, present cutting-edge technologies, and promote their latest offerings.