Antitrust law is an important tool for protecting competition and preventing abuses of market power. But the mere possession of data seldom confers lasting market power. And privacy issues, while very important, should not be an antitrust issue.
October 15, 2019
October 7, 2019
Fact of the Week: U.S. E-Commerce in 2017 Yielded Revenues of $7.6 Trillion, With Goods Sales Increasing 7 Percent From 2016
U.S. economic data has lagged behind the explosion of the digital economy, preventing researchers from fully understanding the extent of e-commerce and its impact on the broader economy. The Census Bureau is working to remedy this, releasing the first quarterly e-commerce report in August and including services in the annual E-Stats report for the first time in September.
September 30, 2019
Fact of the Week: Companies 10 Years Ahead of the Curve Advertising Job Openings With New Titles Invest 63 Percent More of Their Revenue Into R&D
As technology changes the nature of jobs, the language we use to describe them changes too. A new study makes use of this phenomenon to analyze a database of 5 million job advertisements that appeared in newspapers from 1940 to 2000, calculating when a job title first came into use.
September 23, 2019
Fact of the Week: Workers Threatened by Automation Have Roles That Are 9 Percent More Complex Than Those Who Aren’t Threatened
Discussions about job losses from automation tend to assume that innovation will overwhelmingly displace low-skill workers. But this view is misguided because it fails to recognize that low-skill jobs are the least profitable for companies to make obsolete.
September 19, 2019
Climate change, pollution, and the economy’s sensitivity to energy prices all make continued environmental innovation a key priority.
September 16, 2019
Fact of the Week: The Internet Increased the Global Economic Growth Rate by 0.7 Percentage Points Between 1995 and 2016
The rise of the Internet has allowed billions of people to access services that would not exist otherwise, while driving the growth of technologies that power them. A new study has attempted to quantify this effect, examining the rate of Internet usage across 76 countries between 1995 and 2016.
September 16, 2019
There is much to do to restore the promise of the American dream for U.S. workers. Attacking tech companies might feel good, and even excite some in the progressive base, but it won’t get the job done.
September 13, 2019
The OECD calculates the generosity of each country’s R&D tax credit annually. In 2000, the United States ranked 10th among OECD members. In the 2018 rankings, the United States has dropped to 26th among OECD members and 32nd among all countries included in the report.
September 10, 2019
The California State Senate is considering a bill to make it illegal for law enforcement to use facial recognition technology in officer-worn body cameras. The bill, AB 1215, has passed the State Assembly. It should not pass the Senate because it is based on a number of fallacies concerning facial recognition technology and would undermine beneficial uses of it by law enforcement.
September 9, 2019
Fact of the Week: Only 23 percent of large corporations in North America have a chief digital officer, compared to 39 percent in Europe.
From cloud computing to e-commerce and social media, companies’ digital strategies have become crucial across all industries. This is reflected in the rise of chief digital officer (CDO) positions, which companies have used to centralize and prioritize their digital strategies.