Legendary investor Warren Buffett has no doubt about the direction of U.S. prosperity -- up and to the right -- even as confounding factors like automation are thrown into the mix. On Saturday at the 2019 Berkshire Hathaway Shareholders Meeting, a shareholder asked Buffett how he as chairman of Berkshire Hathaway - a major employer and producer of consumer goods - viewed the outlook for the labor market amid the rise of automation and temporary employment.
What is happening to America’s middle class? People from across the political spectrum use a lot of different words to answer that question: “Hollowed out … wiped out … disappearing … declining … doesn’t exist anymore.” OK, but what’s really happening to the middle class? What do the numbers say?
There’s plenty of enthusiasm for new U.S. tax breaks for investing in low-income communities designated as opportunity zones. But many people have delayed spending because of uncertainty about how the incentives will work. The Trump administration sought to clear away those hurdles Wednesday with new guidelines designed to meet investor wishes, while leaving unresolved some issues flagged by critics.
"No recession" may prove a lot more important in the 2020 presidential election than "no collusion." So what's next for the Trump economy? It's the biggest economic debate happening right now, especially given the huge potential political implications. Team Trump is optimistic. White House economists predict the 2018 upturn in GDP growth to 3 percent is here to stay thanks in large part to the GOP tax cuts for business investment.
Start spreading the news: New Yorkers are coughing up the most cash in state income taxes. The Empire State collected $2,249 per capita in individual state income taxes during the 2017 fiscal year, according to data from the Tax Foundation.
Now in its 19th year of publication, ASTRA’s STEM on the Hill™ State STEM Report Cards series illustrates the importance of scientific and engineering research and STEM Education to state and local economies, job growth, innovation, competitiveness, our standard of living and U.S. national security. A variety of measurements, including data from ASTRA, EMSI, the Small Business Technology Council, EPSCoR/IDeA Foundation and key U.S. Government statistical sources provide context to these reports. These metrics help users compare their own state with others.
For many Americans, moving to a new city involves buying a home - and property taxes can be a considerable expense for homeowners. Nationwide, homeowners pay the equivalent of about 1.1 percent of their property value in state and local taxes annually. The majority of the fastest shrinking cities are in states where homeowners pay as much or more in state and local property taxes as a share of their home value than is typical nationwide.
“What’s driving productivity differences over time and across firms and sectors?” Papanikolaou asks. “People say, ‘Oh, it’s innovation, technological change.’ But we don’t have great measures of those things. That’s what motivated our research.” With collaborators Bryan Kelly of Yale, Amit Seru of Stanford, and Matt Taddy of Amazon, Papanikolaou drew on an enormous database of U.S. patents to develop a novel measure of innovation.
The Power subranking is based on an equally weighted average of scores from five country attributes that related to a country's power: a leader, economically influential, politically influential, strong international alliances and strong military. The Power subranking score had an 8 percent weight in the overall Best Countries ranking.
The 2016 election revealed a dramatic gap between two Americas—one based in large, diverse, thriving metropolitan regions; the other found in more homogeneous small towns and rural areas struggling under the weight of economic stagnation and social decline. This gap between two American geographies came as a shock to many observers.