Tag Archive for: economy

Benjamin F. Jones Shows How Immigrants Are a Boon for the U.S.

Prof. Benjamin F. Jones, former economic advisor in the U.S. Treasury and a professor at the Kellogg School of Management at Northwestern University, analyzes data that show immigrants are far more likely to start a business in the U.S. and are innovating at higher rates, benefiting the nation.

Losing Talent and Treasure: Uncompetitive Tax Regime Drives Upper-Income Exodus

Joe Selvaggi talks with Pioneer Institute's Economic Research Associate Aidan Enright about his new paper "Debunking Migration Myths." With this research, Aidan examines the link between Massachusetts' tax regime and the outflow of high earners to states with more competitive rates.

Silicon Valley Bust: Bank Failure’s Causes, Cures, and Culpability

Joe Selvaggi talks with financial market and monetary policy expert Dr. Norbert J. Michel about the causes for the failure of Silicon Valley Bank and the what its demise portends for depositors, the banking sector, and the regulatory regime that governs it.

Erick Widman, Esq.: Immigrants Can Ease Worker Shortage

The immigration system in the United States is complex, to say the least. Visa categories for nearly every letter of the alphabet, exemptions, restrictions, rule changes with every new federal administration. We need more workers, innovators and entrepreneurs in an increasingly competitive world and amid an historic worker shortage and cash-strapped social safety systems due to a greying workforce. Does the United States’ immigration system work in its favor?

Realizing Rent Control: Targeted Tenant Relief or Broad-Based Road to Ruin

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Joe Selvaggi talks with Greater Boston Real Estate Board’s President and CEO Greg Vasil about the likely effect on all residents of Boston of Mayor Wu's rent control proposal now before the City Council.

Innovation Reduction Act: Price Controls’ Prescription for New Therapies

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Joe Selvaggi talks with Pioneer Institute’s senior fellow Dr. Bill Smith about the changes to drug pricing laws included in the recently passed Inflation Reduction Act provisions and discuss who wins and loses as drug companies announce their response to new law.

The Causes and Potential Cures for Inflation

This week on Hubwonk, Harvard economist and Pioneer Institute board member Ed Glaeser interviews Larry Summers, former U.S. Treasury Secretary and President Emeritus of Harvard University, for a special episode on the origins of inflation, its impact on the American economy, and a roadmap to recovery.

What’s going on with the economy in Cambridge?

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Dubbed the city of squares, Cambridge, a leading innovation center,…

Taxation Without Legislation: Exploring Inflation’s Causes, Curses & Cures

Hubwonk host Joe Selvaggi talks with Bloomberg Columnist and National Review Editor Ramesh Ponnuru about the reasons for the sustained spike in inflation, its impact on savers and consumers, the possible policy remedies, and the likely intensity and duration of this cycle.

Barnstable County: What Towns Tax the Most?

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The housing market has been the center of American economic growth…
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Healthcare Employs More on Cape Cod Than Any Other Sector

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Despite being a major tourist destination, the largest employment sector on Cape Cod is not related to tourism: it is healthcare!

Invisible Hand Revealed: Economic Lessons in Everyday Life

Hubwonk host Joe Selvaggi talks with Matthew Hennessey, Wall Street Journal editor and author of Visible Hand, A Wealth of Notions on the Miracle of the Market, about how the principles of economics manifest themselves in our every day lives and how we can use that insight to better understand our personal and civic choices.

School Expenditures in the 2019 and 2020 School Years

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The Massachusetts K-12 school system has been regarded as the…

Study Says Interstate Tax Competition, Relocation Subsidies Exacerbate Telecommuting Trends

A spate of new incentive and subsidy programs seeking to lure talented workers and innovative businesses away from their home states could constitute an additional challenge to Massachusetts’ economic and fiscal recovery from COVID-19, according to a new study published by Pioneer Institute.

The Big Lure: Interstate Competition Exacerbates the Economic Fallout from Telecommuting Trends

This report finds that a spate of new incentive and subsidy programs seeking to lure talented workers and innovative businesses away from their home states could constitute an additional challenge to Massachusetts’ economic and fiscal recovery from COVID-19.

American Rescue Plan Gives States Money, Ties Their Hands

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For state governments, the good news is that the American Rescue Plan recently signed by President Biden will inject $350 billion into their budgets. The bad news is that it places unwise and possibly unconstitutional limitations on how states can use the money.

Sandro Catanzaro Takes His American Dream to Mars and Back

This week on JobMakers, host Denzil Mohammed talks with Sandro Catanzaro, who started several businesses in his native Peru but had no idea he’d end up helping NASA go to Mars, or that he’d use that same technology to plan and buy video ad campaigns. Now Head of Publisher Services Strategy for Roku, which acquired the company he founded, dataxu, in 2019, Mr. Catanzaro is an emblem of ingenuity and inventiveness. His demand-side platform, device graph technology and analytics platform help accelerate Roku’s ad tech roadmap and ability to serve a wide array of advertisers. But he’s not done yet!

Study: Graduated Income Tax Proponents Rely on Analyses That Exclude the Vast Majority Of “Millionaires” to Argue Their Case

Advocates for a state constitutional amendment that would apply a 4 percent surtax to households with annual earnings of more than $1 million rely heavily on the assumption that these proposed taxes will have little impact on the mobility of high earners. They cite analyses by Cornell University Associate Professor Cristobal Young, which exclude the vast majority of millionaires, according to a new study published by Pioneer Institute.

Report Contrasts State Government and Private Sector Employment Changes During Pandemic

Massachusetts state government employment has been virtually flat during COVID-19 even as employment in the state’s private sector workforce remains nearly 10 percent below pre-pandemic levels, according to a new study published by Pioneer Institute. The study, “Public vs. Private Employment in Massachusetts: A Tale of Two Pandemics,” questions whether it makes sense to shield public agencies from last year’s recession at the expense of taxpayers.

Public vs. Private Employment in Massachusetts: A Tale of Two Pandemics

This report finds that Massachusetts state government employment has been virtually flat during COVID-19 even as employment in the state’s private sector workforce remains nearly 10 percent below pre-pandemic levels, and questions whether it makes sense to shield public agencies from last year’s recession at the expense of taxpayers.

Connecticut’s Painful Journey: Wealth Squandered, Lessons Learned, Promise Explored

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Host Joe Selvaggi talks with Connecticut Business and Industry Association’s President and CEO, Chris DiPentima, about what policy makers can learn from Connecticut’s journey from the wealthiest state in the nation, to one with more than a decade of negative job growth.

New Study Finds Tax Policy Drives Connecticut’s Ongoing Fiscal & Economic Crisis

Multiple rounds of tax increases aimed at high earners and corporations triggered an exodus from Connecticut of large employers and wealthy individuals, according to a new study published by Pioneer Institute.

Connecticut’s Dangerous Game: How the Nation’s Wealthiest State Scared Off Businesses and Worsened Its Fiscal Crisis

This report presents evidence that Connecticut’s embrace of an aggressive tax policy to pay for ballooning government expenditures — including a sharp corporate tax rate increase — has been a major driver in the loss of bedrock employers. Higher corporate tax rates, combined with hikes in the personal income tax and, especially, the estate tax, also appear to be a factor driving away a growing number of the state’s wealthiest residents.

Pioneer Checklist Includes Steps for Policy Makers, Business Owners to Revitalize Hardest-Hit Industries

Combining the recommendations of studies published earlier this year, Pioneer Institute has released “A Checklist for How to Revitalize the Industries Hit Hardest by COVID-19.” The recommendations for policy makers are organized in three sections: Immediate Relief, Tax Policy Changes and Permanent Reforms.  Business owner recommendations are split into COVID-19 Health and Safety Protocols, Expanded Services and Steps to Improve Cash Flow.

Before COVID-19, the Hospitality & Food Industry was a Service Sector Economic Powerhouse

A new report from Pioneer Institute, “Before COVID-19, the Hospitality & Food Industry was a Service Sector Economic Powerhouse,” draws data from the MassEconomix web tool to analyze Hospitality and Food Industry employment across the state. Data spanning two decades from 1998 through 2018 show fluctuations in employment, firm size, and the share of businesses within the Hospitality and Food Industry throughout Massachusetts. The report shows a map of employment concentration in the Hospitality and Food Industry by town.

Pioneer Report Highlights Employment Growth in Lowell, Massachusetts

In 2018, employment in Lowell, Massachusetts finally surpassed its pre-Great Recession peak, according to a new report from Pioneer Institute that draws data from the MassEconomix web tool. Before COVID-19, job growth in the city was driven largely by a resurgence in manufacturing and a continued high concentration of healthcare firms.

Economic Revitalization and Reinvention in Lowell, 1998-2018

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In “Economic Revitalization and Reinvention in Lowell, 1998-2018,”…

Tag Archive for: economy