Timothy Taylor

Joel Mokyr (Nobel '25) argues that traditional economic growth drivers face diminishing returns, leaving technological innovation as the only sustainable engine for progress.

Oil prices are projected to remain elevated through 2027 as severe supply shocks and infrastructure damage constrain global markets.

Global trade remains vulnerable as 90% of ocean freight passes through narrow chokepoints like the Strait of Hormuz. These corridors drive oil price volatility and economic stability, making the development of alternative shipping routes critical.

Unemployment for recent college graduates has surpassed the national average as AI and remote work disrupt entry-level hiring. Structural shifts in tech and service sectors are cooling demand for younger, less experienced workers.

Occupational licensing restricts competition and inflates wages, affecting more US workers than labor unions.

Students often overestimate how majors translate into specific careers, causing a persistent major-occupation mismatch. Nearly half of graduates work in unrelated fields, frequently resulting in lower salaries and job regret.

The EU Green Deal faces mounting criticism as ambitious climate goals clash with economic reality.

The US labor market has shifted into a "low-hire, low-fire" regime, with declining fluidity and reduced quit rates despite low unemployment.

AI's impact on total economic growth will likely remain modest for decades, despite rapid technological gains.

The 'rocks in the harbor' metaphor highlights how tariffs act as self-inflicted wounds that stifle economic efficiency. While historical debates weigh the pressure for retaliation, modern supply chains underscore the risks of protectionism.