New Economy Index Home
Introduction
SECTION I
What's New About The New Economy?
SECTION II
New Economy Outcomes: Impacts on Americans
Growth and Productivity
Earnings Inequality
Unemployment
Displacement
Education and Income
Benefits
Contingent Work
Job Tenure
SECTION III
Foundations for Future Growth
Explaining the Productivity Paradox
The Knowledge Economy
Nine Myths About the New Economy
Data Sources
Endnotes
The Authors
SECTION II
New Economy Outcomes:
Impacts on Americans
As Section I illustrates, America is in the midst of an economic transformation. This section examines its impact on the well-being of Americans. We pay specific attention to productivity and income growth, the number and types of jobs being produced, un- and under-employment rates, and work stability and risk. The means to these end results may change in new economic times, but the importance of the end results themselves does not.
Conventional indicators give the appearance of strong economic performance. Jobs are up. Inflation and unemployment are down. And despite recent volatility, the stock market has boomed in the 1990s. However, more fundamental measures of economic well-being, particularly per capita GDP, productivity, and wage inequality, suggest that the New Economy has not yet realized its full potential. Ensuring that it does is the key mid- and long-term policy challenge in the New Economy.
Index Home | Introduction
SECTION I | SECTION II | SECTION III
Productivity Paradox | Knowledge Economy
Nine Myths | Data Sources | Endnotes | The Authors
The Progressive Policy Institute (PPI)
Technology, Innovation, and New Economy Project
600 Pennsylvania Ave., S.E., Suite 400, Washington DC 20003
Phone: (202) 546-0007
www.ppionline.org