America’s labor market has entered a “new normal” phrase. Although the unemployment rate has declined after the Great Recession, underemployment remains a major problem and the percentage of workers stuck in part-time jobs is well above historical norms. Yet, at the same time, employers are posting a record number of positions. Professor Joseph Fuller suggests that resolving this paradox will require education institutions and employers to adopt a new approach to skills training.
Professor Michael E. Porter discusses the economic benefits from North America's unconventional oil and gas energy resources. Professor Porter discusses the unconstructive debate around these resources, and what should be done to fully realize their benefits while minimizing environmental and climate impacts.
Professor Michael E. Porter and Professor Jan W. Rivkin discuss the findings of Harvard Business School’s 2015 Alumni Survey on U.S. Competitiveness, The Challenge of Shared Prosperity
. Alumni are optmistic about the ability of U.S. firms to compete globally, but they doubt that firms will be able to lift the living standards of the average American.
America’s leading companies are thriving, but the prosperity they are producing is not being shared broadly among U.S. citizens. Jan W. Rivkin presents results of HBS's 2015 Alumni Survey on U.S. Competitiveness.
This report calls on business leaders to take stock of their efforts to improve pre-K-12 education and commit to an innovative approach called “Collective Impact,” a community endeavor that addresses fundamental weaknesses in the U.S. education ecosystem.
In June 2015, nearly 75 experienced leaders from across business, government, labor, academia, and media gathered at Harvard Business School to discuss a topic of increasing concern in America: How can our nation continue to remain competitive while also providing a path to prosperity for more citizens? This report highlights the group’s deliberations and summarizes the HBS research that was presented during the convening.
The 2015 HBS survey on U.S. competitiveness reveals that business leaders are concerned about the economy’s ability to generate shared prosperity. America’s business environment is improving, but alumni doubt that firms in the U.S. will be able to improve living standards for the average American. Alumni see issues like inequality, middle-class stagnation, and economic immobility, as social as well as business challenges.
A detailed methodology of HBS' 2015 alumni survey on U.S. competitiveness.
America's unconventional gas and oil resources are perhaps the single largest opportunity to improve the trajectory of the nation’s economy, at a time when the prospects for the average American are weaker than experienced in generations. The benefits can be achieved while substantially mitigating local environmental impacts and speeding up the transition to a cleaner-energy future that is both practical and affordable.
Michael E. Porter and Jan W. Rivkin discuss the findings of Harvard Business School’s 2013–14 Alumni Survey on U.S. Competitiveness. Their report, "An Economy Doing Half Its Job," focuses on a troubling divergence in the American economy: large and midsize firms have rallied strongly from the Great Recession, and highly skilled individuals are prospering, while middle- and working-class citizens are struggling, as are small businesses.
Superintendents find new, deeper ways to work with business beyond a financial gift.
Complexity in the tax code has negative redistributive and growth consequences that have only accelerated over time as more and more policy goals are now implemented through the tax system.
The U.S. Chamber of Commerce Foundation recommends a new demand-driven approach—talent pipeline management—to close the skills gap. Extending lessons learned from innovations in supply chain management, this paper calls for employers to play a new and expanded leadership role as “end-customers” of education and workforce partnerships.
The market for middle-skills jobs—those that require more education and training than a high school diploma but less than a four-year college degree—is consistently failing to clear. That failure is inflicting a grievous cost on the competitiveness of American firms and on the standard of living of American workers. How can business lead the charge to close the gap?
This paper looks at some of the issues firms moving large assembly operations back to the U.S. have faced, along with recommendations for more successful implementations.
This report presents the findings of HBS' 2013–14 survey on U.S. competitiveness. It highlights a troubling divergence in the U.S. economy: large and midsize firms are prospering, but middle- and working-class citizens and small businesses are struggling.
A detailed methodology of HBS' 2013–14 alumni survey on U.S. competitiveness.
This paper develops a novel clustering algorithm that systematically generates and assesses sets of cluster definitions (i.e., groups of closely related industries).
Recent merger transactions highlight long-simmering problems in the U.S. corporate tax, particularly with respect to its international provisions.
Is there a credit gap in small business lending?