Education and Growth

paytas-main-blog_imageKnowledge is not an excludable good.

I have been thinking a lot lately about what drives economic growth and who shares in it. There are a lot of explanations out there, and I expect that we will hear a lot more theories about uneven growth in the months and years to come.

Thinking about what powers our economic growth, education exerts an increasing influence on the distribution of benefits (Figure 1). Earnings are higher and unemployment is lower as the level of individual educational attainment increases. Continue reading “Education and Growth”

Three Strikes and You’re Out or Still California Dreamin’?

California-DreamingThe news out of California so far in 2014 is raising serious questions about the future of the Golden State.

Strike 1: The most pressing issue is the drought which is widely impacting a state that is home to 1 in 8 Americans. Search California and drought in your favorite browser and you’ll get a long list of articles that should strike fear in all of us and images of what empty reservoirs looks like. Over 17 communities will run out of water in the next 60 to 120 days – 40,000 people left dry. A quick look on the state government homepage Ca.gov seems to disagree with news reports that leaders are taking the issue seriously as not one note on the homepage or the ‘alerts’ tab mentions the situation. In the past year or so climate change or maybe just damn climate has impacted millions (Sandy, AtlantaSnow2014, wildfires and the list grows) yet somehow we are not understanding that these impacts may not be random. And maybe that we should start planning for the worst and celebrating our best. Continue reading “Three Strikes and You’re Out or Still California Dreamin’?”

Inside International Immigration in Pittsburgh: A look at High-Skilled High-Paying Occupations

Pittsburgh-ImmigrationRecently we were working on a grant about how to better prepare our workforce for the jobs available to them. During this process, I was asked to investigate H1-B Visa applications. What I found altered my perception about the nature of the highly-skilled, highly-paid immigrant worker population in Pittsburgh. Between October 2012 and March 2013, one thousand five hundred and twenty-four (1,524) immigrant visa applications were approved through the Department of Labor. All 1,524 H1-B Visa are for highly-skilled, highly-paid, and hard-to-fill positions. The H-1B is a non-immigrant visa in the United States under the Immigration and Nationality Act, section 101(a)(15)(H). It allows U.S. employers to temporarily employ foreign workers in specialty occupations. Continue reading “Inside International Immigration in Pittsburgh: A look at High-Skilled High-Paying Occupations”

Numbers Behind the News: What is Driving Unemployment?

U.S. unemployment peaked at 15.4 million persons in October 2009 and has been falling back towards 12 million ever since.    Unemployment has always been the most troublesome statistic because it is one of the most widely recognized and flawed of the economic indicators. The recent drop has brought claims that the numbers have been manipulated.  Of course, this would be very hard to do.  Unemployment numbers are reported by companies to state bureaus that are staffed generally by civil servants.  In 29 states, the Governors are Republican and it is not very likely that they would be manipulating numbers to make Obama look good. Continue reading “Numbers Behind the News: What is Driving Unemployment?”

Fourth Economy’s Universe

Hello friends and colleagues,

We’ve been so busy that we skipped a month on our e-newsletter, I am sure you filled your time with other pursuits – I’ve seen many of you playing Words with Friends.

We wanted to take a bit of space in this newsletter to provide an update on Fourth Economy Consulting. We are on a steady growth pace since our launch in September 2010 and interest in working with us continues to reinforce that we have struck a chord. We are honored and at times humbled by the reception but please keep it going.

Continue reading “Fourth Economy’s Universe”

U.S. Innovation and Competitiveness Strategy: “All Hands On Deck”

 

In the countless instances where I’ve engaged others on important matters facing our nation, and especially challenges and opportunities critical to African Americans, I cannot ever recall asserting that I have “the” answer to a problem.

This instance, however, is different.

Today, I declare that I have “the” answer to a seemingly intractable problem: What must America do to ensure our continued ability to produce meaningful innovations and successfully compete in an increasingly and uncompromisingly competitive world? Continue reading “U.S. Innovation and Competitiveness Strategy: “All Hands On Deck””