The Robot Question

The Robot Question

Although robots that can perform human labor will put downward pressure on wages in the short term, they also will increase the rate of profit, encouraging more investment and a recovery in the wage rate. It is not so much the economics of new technologies that should worry us, but rather the politics and ethics. Continue Reading

About Jackson Hole Economics

About Jackson Hole Economics

Jackson Hole Economics is a private research organization which provides commentary and analysis on economics, politics, the environment and finance, and develops actionable ideas for how sustainable growth can be achieved.

Theme of the Week

Hope for a New “UN Moment”

Hope for a New “UN Moment”

When the United Nations celebrates its 75th anniversary this September, the US will still be misgoverned by a transactional president who has no interest in global rules. But if that rules out a rebirth of global multilateralism this fall, things could look very different next spring. Continue Reading

Weekly Market Compass

No Time For Complacency

No Time For Complacency

Despite a deep global recession, double-digit declines in worldwide corporate profitability, rising geo-political risk and no effective long-term solution to the Covid-19 pandemic, global equities continue their impressive advance. Continue Reading