News

  • Losing Jobs to Automation Requires Big Retraining Push, Mike Walden Says

    Business North Carolina (Blog) 2/5/21 More than trade pacts or changing consumer habits, automation has accounted for the convulsion in North Carolina’s manufacturing sector in recent decades, according to Mike Walden, Extension Economist at NC State University. COVID-19 may accelerate that trend — with even......

  • Dozens of States and Cities in the US Raise Minimum Wage

    EIU 2/3/21 The COVID-19 pandemic has further sounded alarm bells about inequality and reignited moves to raise the minimum wage. As of January 1, 20 states and 32 cities and counties raised their statutory minimum wage. Labor groups are advocating for a national $15 minimum,......

  • Editorial: Machelle Sanders fits bill to lead NC Commerce, grow state’s economy

    WRAL (Editorial) 2/17/21 Machelle Sanders was named Secretary of Commerce by Governor Cooper as of February 15. A WRAL Editorial suggests that “the General Assembly should speedily confirm Cooper’s appointment” and outlines Sanders’ history of top leadership in the biotechnology field and her experience heading......

  • 15 Issues Facing the Workforce

    Site Selection  Workforce 2021 Guide The economic devastation of the pandemic, which at its peak last July had claimed one out of three US jobs, was unpredictable and unprecedented. Not since World War II has our society, economy and government mobilized in common cause to......

  • Converging and Diverging Trends Stemming from the Crisis

    Charles Schwab & Co.  1/25/21 Across industries, companies and people, the post-COVID re-opening has had its winners and losers. The “K curve” economy is widening existing disparities and creating new ones. “The initial phase of the COVID crisis channeled aspects of many past calamities—the Great......

  • NC Lawmakers Weigh In on Biden’s $1.9 Trillion COVID-19 Relief Proposal

    Spectrum 1/28/21 While January 20 may have marked a sense of change in the United States, COVID-19 lingers on. The current $1.9 trillion federal relief bill is receiving “mixed reviews on Capitol Hill,” says writer Kevin Frey. North Carolina Democrats are pushing to go big,......

  • Phil Berger Has a Lot Left to Accomplish

    North State Journal January 13, 2021 State Senator Phil Berger is now entering his 10th year as President Pro Tempore. With the state budget beginning in the Senate this year, most policy roads will lead to Berger and the problems he hopes to resolve. First......

  • No, Austin Won’t Become Silicon Valley 2.0

    Texas Monthly January 3, 2021 Is Austin set to become the next San Francisco, complete with exorbitant housing costs, high crime and stark inequality? “Texodus” is bringing tech companies and people from the Bay Area to Austin, but wise choices by local policymakers can avoid......

  • 2021 Just Has To Be Better. Doesn’t It?

    Regions Economic Outlook January 2021 The impact of the COVID-19 pandemic on the economy won’t be fully understood for some time. That makes economic forecasting, dicey even in normal times, more unreliable than ever, says Regions Bank Chief Economist Rick Moody. “All any forecaster is......

  • The ‘Black Swan’ Covid Catastrophe Shows Us Just How Fragile Our World Is

    The Guardian January 3, 2021 So-called Black Swan events are by definition rare, extremely impactful and retrospectively predictable. History may ultimately deem the COVID-19 pandemic a one-off aberration that signifies nothing. The 2008 financial crisis similarly prompted dire predictions of class warfare, but in the end......