University of Chicago professor of economics, Walmart chief economist and UW-Stevens Point Distinguished Alumnus John List ’92 returned to campus March 3-4 to speak about his experiences of scaling great ideas and shared stories from the White House and Chicago Heights schools to Uber and Lift. [View Photos] List presented “The Voltage Effect: How to […]
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As the military tensions heat up between Russia and the Ukraine and the political tensions increase between the United States and Russia, this blog provides a brief summary of Russia’s energy importance. Russia is a major player in global energy and is particularly important for Europe and China. Table 1 below shows the 10 largest […]
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The events of the last two years are ones that few Americans thought they would ever see. The performance of the U.S. economy as we enter 2022 continues to be unprecedented in many ways. The gradual changes that typically occur in a normal business cycle for economic growth, the labor market, and inflation were replaced […]
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Recent political discussions have included the possibility of the U.S. defaulting on its debt. That would be irresponsible, costly, and foolish. A quick review of why the discussion on the debt limit, commonly called the debt ceiling, is currently taking place. The debt limit is the maximum amount of debt that the Department of the […]
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Unfortunately, COVID-19 is well into its second year of affecting supply chains, prices and product availability around the world. Global trade plays an extremely important role in product availability and pricing with supply chains playing a crucial role in both. In 2020 the COVID pandemic had a significant, negative impact on global trade and supply […]
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This article was originally a part of the Center for Business and Economic Insight Spring 2021 Presentation. The United States is emerging from one of the most challenging and unique economic periods in its history. This challenging economic period was different from others. The economic downturn wasn’t the result of financial market problems or other […]
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by Greg Wright, M.A., executive director at CREATE Portage Countyand UWSP Professor of Economics Jason R. Davis, Ph.D. This article was originally a part of the Center for Business and Economic Insight Spring 2021 Presentation. Regional economic development has traditionally focused on using tax incentives to attract businesses and create jobs while leveraging strong public […]
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The American Rescue Plan has been signed into law by President Biden. To obtain passage by both the House and Senate, the Act was modified from what was initially proposed by the Biden Administration. The modifications include lower income limits for stimulus eligibility and the elimination of any increase in the minimum wage. This blog […]
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Another topic that generally gets discussed a lot in economics (and politics) is corporate taxes. It’s also one of the more complex subjects, because it is not always easy to determine what a company actually pays in taxes. It can be done, but it’s not necessarily easy. The primary objective of this blog is to […]
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Over the last three decades, the United States enjoyed positive economic growth in 27 out of 30 years. How did economic growth affect wages? Did everyone benefit? Not really. In 2019 the Congressional Research Service (CRS) released an analysis of real wage trends over the period 1979–2018. The Congressional Research Service is part of the […]
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