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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Now let’s look at Challenge #5 of the Divisiveness and the Economic Challenges of 2021 – U.S. Economic Leadership. Does it matter how the U.S. is perceived by other countries if it wants to be an economic leader? Well, it does. If the United States wants to be the global economic leader and be a […]
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It’s time to continue with our Divisiveness and the Economic Challenges of 2021 series with Challenge #4 – Healthcare. One positive thing to come out of the COVID-19 pandemic – the demonstration of the commitment, dedication and excellence of U.S. healthcare workers. The technological capabilities and advances in healthcare, combined with the dedication of healthcare […]
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Let’s continue with our Divisiveness and the Economic Challenges of 2021 series with Challenge #3 – Manufacturing and Trade. The overall objectives for U.S. manufacturing and trade that most politicians could probably agree on would include strengthening U.S. manufacturing and expanding U.S. exports. Exactly how to do that becomes the divisive issue. In the past […]
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