For decades, mobility was one of the features of the U.S. economy as young workers, with families or without, went off to seek their fortunes elsewhere, in some cases voluntarily, in others driven to it by poverty, discrimination, or drought.
Let’s hope the administration understands the limits of its high-risk tactics and is closely monitoring the potential for spillovers. Vulnerable economies may not be the only ones disciplined by financial markets.
August 13, 2018
| William Alan ReinschTrying to return to a world where everything is made domestically is unrealistic at best and disastrous at worst, and it will not produce the wage increases the president would like.
The new Administration seems to have accepted the legacy of the previous Administration by largely abandoning the civil side of each war. It is dealing with major insurgencies and civil war as if they were limited terrorist movements.
August 6, 2018
| William Alan ReinschToday’s pun is contained in the title, and it relates directly to the World Trade Organization’s future. Does it have one? What is it? If there’s a choice in the matter, how can we influence the outcome?
August 2, 2018
| Christopher SandsThis week, talks aimed at finishing a deal by the end of August begin, now that the July 1 Mexican elections are complete. But these talks are different: negotiators for the United States and Mexico are talking bilaterally, without the Canadians.