Economic Innovation Group @InnovateEconomy
An ideas lab and advocacy organization working to forge a more dynamic U.S. economy. linktr.ee/innovateeconomy Washington, D.C. Joined September 2013-
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Big shift underway in America’s economic geography: The most affluent metro areas are no longer creating the majority of new jobs.
High-wage metros are experiencing sluggish growth as low-wage metros surge ahead in the U.S. job market. This trend could lead to a broader spread of economic opportunities across the country. Learn more: eig.org/high-wage-metr…
Why is coastal job growth faltering while the national job market booms? ✔️ Cost of Living Exodus ✔️ Tech Slowdown ✔️ Sun Belt Boom Read more from EIG's @AugustBenzow: eig.org/high-wage-metr…
Before the pandemic, higher wage metro areas experienced faster growth. Post-pandemic, low-wage metro areas are adding jobs much more quickly. @AugustBenzow @InnovateEconomy captures the sea change --> eig.org/high-wage-metr…
Mapped: Where are noncompete agreements banned or restricted? @EmilyRPeck highlights EIG's new State Noncompete Law Tracker in @axios axios.com/2024/04/25/non…
The EIG team was honored to attend the "Topping Out" ceremony for The Douglass, a 750 unit multifamily Opportunity Zone project in DC's Ward 8, w/ Redbrick & @HITTContracting. The event celebrated 900+ construction workers who worked on the project and its community impact.
For the first time since the Great Recession, the richest metro areas no longer lead in job creation. Low-wage metros are rising while coastal areas falter. Read more from EIG's @AugustBenzow: eig.org/high-wage-metr…
The most historically affluent metropolitan areas are no longer creating the majority of new jobs in the U.S. Since 2020, the contribution of high-wage metros to overall job growth declined steadily, falling below 50 percent for the first time last year. eig.org/high-wage-metr…
Noncompete agreements are in the news this week, so it's a good time to remind everyone how dramatically a worker's basic right to take a better job or start a business in their chosen field can differ from one state to the next.
Minutes ago, the FTC approved a rule banning new noncompete agreements for all workers going forward and rendering most existing ones unenforceable. I've been working on this issue for years and want to offer a few thoughts. 🧵 ftc.gov/news-events/ne…
Momentum is growing behind state-level noncompete reform, and we have a handy new State Noncompete Law Tracker to help you stay up to date! Explore our map of current state noncompete laws and searchable dashboard of proposed reform bills here: eig.org/state-noncompe…
I'll be participating, pitching the Chipmaker's Visa: eig.org/chipmakers-vis…
I'll be participating, pitching the Chipmaker's Visa: eig.org/chipmakers-vis…
Noncompetes for lower- and middle-wage workers are atrocious, humiliating, and obviously bad for economic dynamism. Excellent piece from @ameliajpollard, @JFK_America, and @AnjliRaval: on.ft.com/4d3cSiz
Given the effect of How Asia Works, I'm really looking forward to Studwell's book on African development (via @cojobrien: eig.org/joe-studwell-q…):
In a new Q&A with @cojobrien, Joe Studwell discusses the US industrial policy debate: "If we then think of developed countries presently toying with the idea of renewed industrial policy—the UK or the US—the challenge is more difficult for two reasons..."…
ICYMI from @cojobrien: @JoeStudwell on his book, ‘How Asia Works: Success and Failure In the World's Most Dynamic Region’ and what lessons U.S. industrial policy can learn from Northeast Asia today: eig.org/joe-studwell-q…
Adam Ozimek @ModeledBehavior
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MKE MUNI BONDS CAPYBA.. @MKECapybara
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Miss Zombie Manners @ZombieManners
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Ömer Çağrı Çaça @omercaca154
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Joey Politano 🏳️.. @JosephPolitano
64K Followers 1K Following Writing a data-driven newsletter about economics @ https://t.co/IanQ9oPoPi | Nuance? In this economy? | he/him | Bi/pan
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74K Followers 998 Following @CatoInstitute Vice President (Econ/Trade), @DukeLaw adjunct, @TheDispatch newsletter-er. CH❤️RTS. You didn't read the article, did you? Go @Rangers.
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World of Statistics @stats_feed
3.8M Followers 545 Following There are three kinds of lies: lies, damned lies, and statistics. We post statistics, polls, and ask questions. Sister page of @engineers_feedBig shift underway in America’s economic geography: The most affluent metro areas are no longer creating the majority of new jobs.
Expensive coastal cities are falling behind on job growth eig.org/high-wage-metr…
Before the pandemic, higher wage metro areas experienced faster growth. Post-pandemic, low-wage metro areas are adding jobs much more quickly. @AugustBenzow @InnovateEconomy captures the sea change --> eig.org/high-wage-metr…
The most historically affluent metropolitan areas are no longer creating the majority of new jobs in the U.S. Since 2020, the contribution of high-wage metros to overall job growth declined steadily, falling below 50 percent for the first time last year. eig.org/high-wage-metr…
Noncompete agreements are in the news this week, so it's a good time to remind everyone how dramatically a worker's basic right to take a better job or start a business in their chosen field can differ from one state to the next.
There's an Act for that! The Workforce Mobility Act, that is. I am stirred by the thoughtful, impassioned endorsements and dissents FTC commissioners voiced in today's open session. #Noncompetes are antithetical to what we stand for as a country. Congress should affirm so too
@saherssabri @RASACS @AmCollSurgeons @SurgeonsVoice @VascularSVS @MindsOfMedPod @DrBrian4Health @DGlaucomflecken FTC interpretation of authority. Keep the conversation going…S. 221/H.R. 731 the Senate and House versions of the Workforce Mobility Act, were introduced last year…congress.gov/bill/118th-con… @VascularSVS @AmCollSurgeons and others put a marker down for physicians.
.@RepJayapal, @ChrisMurphyCT, @SenWarren, and I called on the FTC to finalize this rule to ban non-compete agreements that apply to some 30M Americans and unnecessarily limit their earnings & job mobility. This rule implements the bulk of my Workforce Mobility Act w/ Sen Murphy.
The FTC issued a ban on worker noncompete clauses on Tuesday, prohibiting companies from limiting their employees’ ability to work for rivals. The agency says the sweeping change could help raise wages and increase competition among businesses. nyti.ms/44bkEmC
The Federal Trade Commission wants to make it easier for Americans to quit their jobs — by planning to ban non-compete clauses. The FTC says the move would allow workers to earn more money and help start thousands of businesses. The ban is likely to face legal challenges.
Years ago, I introduced a bill to ban non-compete clauses, which are used to keep wages down by stopping (mostly low income) workers from switching jobs. So glad the FTC has moved forward with a ban. The average worker salary increase will be $500. A big deal!
The Federal Trade Commission wants to make it easier for Americans to quit their jobs — by planning to ban non-compete clauses. The FTC says the move would allow workers to earn more money and help start thousands of businesses. The ban is likely to face legal challenges.
But fortunately, there is a bipartisan bill waiting for action in Congress that would make a noncompete ban the law of the land. In the end, THAT is how the job of noncompete reform gets finished. x.com/LettieriDC/sta…
🚨The momentum continues: A bipartisan group of lawmakers in the House and Senate just introduced legislation to restrict non-compete agreements nationwide. This is pro-market, pro-worker, pro-innovation policy—and would cost taxpayers $0.
Minutes ago, the FTC approved a rule banning new noncompete agreements for all workers going forward and rendering most existing ones unenforceable. I've been working on this issue for years and want to offer a few thoughts. 🧵 ftc.gov/news-events/ne…
FTC Final Rule recommendation on #noncompetes! Will be voted on in the open commission meeting shortly. 🍿⚡️
I'll be participating, pitching the Chipmaker's Visa: eig.org/chipmakers-vis…
Register now to watch the first round of The Pitch! CNAS will host its premier nesxt generation event on April 24, and we need your help to pick the next best national security idea. Find out more about our judges and contestants⬇️ cnas.org/events/the-pit…
Noncompetes for lower- and middle-wage workers are atrocious, humiliating, and obviously bad for economic dynamism. Excellent piece from @ameliajpollard, @JFK_America, and @AnjliRaval: on.ft.com/4d3cSiz
Given the effect of How Asia Works, I'm really looking forward to Studwell's book on African development (via @cojobrien: eig.org/joe-studwell-q…):
In a new Q&A with @cojobrien, Joe Studwell discusses the US industrial policy debate: "If we then think of developed countries presently toying with the idea of renewed industrial policy—the UK or the US—the challenge is more difficult for two reasons..."…
With the three biggest investments in TSMC, Intel, and Samsung now announced and successfully getting good investment promises in return, we should turn to clearing the hurdles for catalyzing this industry: permitting reform + high skilled immigration. eig.org/chipmakers-vis…
Excellent new interview with Joe Studwell about his now-classic book on industrialization and catch-up growth, from @cojobrien. Covers developments in the time since its publication: cojobrien.com/p/how-asia-wor…
New on my blog: A Q&A with How Asia Works author Joe Studwell on industrial policy lessons for the U.S., state capacity, and corporate culture cojobrien.com/p/how-asia-wor…
Trends for United States
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