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Innovation and Economic Growth

Researchers today are trying to understand how information technology affects innovation, productivity, and economic growth while studying the impact of political and legal ground rules. Academics featured here are looking at the potential to create jobs and keep policymakers aware of emerging trends in technology.

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Quotes

What We Know Now About the Business Impact of Hybrid Work

“But the biggest challenge—and maybe the one unexpected bit—is how much employees have got comfortable with choice of days in the office and like to flip that around each week, for whatever reason, childcare reasons, work, personal reasons, etc. ” — Nicholas Bloom, Professor of Economics, Stanford University


Nicholas Bloom
Source: Time
September 6, 2022

COVID-19 changed office work. Here's what the 'next normal' looks like as people return.

“Canada has, like the U.S., a highly developed economy with a high number of professional jobs that can [be] done remotely, a highly educated workforce and many people living a long commute from work.” — Nicholas Bloom, Professor of Economics, Stanford University


Nicholas Bloom
Source: CBC
September 4, 2022

Loss of 1.7 Million Immigrants Fuels U.S. Labor Shortages, Inflation

“From the middle of 2019 until the end of 2021, there has been essentially zero net immigration to the U.S. Although in late 2021 and early 2022 these numbers started growing again, the fact that the inflow of immigrants stopped made the country lose more than 1.7 million (immigrants).” — Giovanni Peri, Professor of Economics, University of California, Davis


Giovanni Peri
Source: Inquirer
September 1, 2022

Workers Face Pressure As Top Companies Push Post-Labor Day Return to Office

“Longer-run WFH will grow as the technology supporting this continues to improve, with innovations around virtual reality, holograms, video and sound, and cloud.” — Nicholas Bloom, Professor of Economics, Stanford University


Nicholas Bloom
Source: Newsweek
August 29, 2022

How Software Is Stifling Competition and Slowing Innovation

“There is an advantage to software that economists haven’t really reckoned with yet. Software isn’t accelerating creative destruction today. Software is suppressing it.” — James Bessen, Executive Director of the Technology & Policy Research, Boston University


James Bessen
Source: The New York Times
July 21, 2022

Would You Pay $40 a Month to Have Strangers Watch You Work?

[On the subject of virtual office platforms]: “You’re taking part of the office experience, maybe 10 or 20 percent of it, maybe more for some people, and replicating it. I see it as something that will have a niche appeal.” — Nicholas Bloom, Professor of Economics, Stanford University


Nicholas Bloom
Source: The New York Times
July 15, 2022

Technology Economist Susan Athey Adds DOJ Role to Her Multidimensional Career

“Because technology such as artificial intelligence moves so quickly, it’s hard for the government to keep up. We have to figure out how all branches of government are going to be prepared to guide us through a different age” — Susan Athey, Professor of Economics and Technology, Stanford University


Susan Athey
Source: Stanford’s Human-Centered Artificial Intelligence News
July 7, 2022

Google's 'Sentient' AI System LaMDA Is Really Just a Very Large Chatbot

“We've had chatbots like this for many decades. And while they can seem intelligent, if you're conducting a conversation with them, they are in fact just trained on large amounts of text that's drawn primarily from the internet.” — Kate Crawford, Artificial Intelligence Scholar, University of Southern California


Kate Crawford
Source: France 24
June 15, 2022

Lesson from JPMorgan Chase and Goldman Sachs: Take a Hard Line on Return-to-Office at Your Own Risk

“The biggest problem with [it] is what to do when, as is clearly going to happen, employees do not return to the office full time. There are only two choices, one is to ignore it. That makes the firm and its leadership look weak. The other is to sanction employees with fines and punishment. This is even worse, as you are punishing employees that are otherwise highly performing for a rule they broke which is pointless and arbitrary.” — Nicholas Bloom, Profssor of Economics, Stanford University


Nicholas Bloom
Source: Time
May 16, 2022

The Great Resignation: Its Origins and What It Means for Future Business

“We see quite large variations in how much people want to work from home, by age, by gender, whether they have kids, by race, by commute, time, by disability status.” — Nicholas Bloom, Professor of Economics, Stanford University


Nicholas Bloom
Source: ABC News
May 3, 2022
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TAP Academics

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TAP Blog

danah boyd Advocates for Responsible Data Science

Microsoft Partner Researcher danah boyd shared insights from her multi-year ethnographic study of the U.S. census. She discussed how the U.S. Census Bureau’s decision to embrace differential privacy as part of its system to protect statistical confidentiality upended what people imagined the work of data to be.

TAP Staff Blogger

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Fact Sheets

High Skilled Immigration Reform

The United States immigration policy is the set of laws and provisions that regulates the entry and the stay of non-US citizens on national territory. High-skilled, college-educated immigrants contribute to scientific and technological innovation, entrepreneurship, and job-creation in the U.S.

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Featured Article

The Effect of the H-1B Quota on the Employment and Selection of Foreign-Born Labor

In 2004, the quota for H-1B visas for foreign workers was reduced. The lower quota reduced firms’ employment of new H-1B workers. Firms’ employment of similar native-born workers did not increase.

By: Giovanni Peri, Anna Maria Mayda, Chad Sparber, Francesc Ortega, Kevin Shih

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