Policymakers must boost incentives to work in normal times when jobs are plentiful, while strengthening the safety net for when they are not.
For Michael J. Boskin's latest contributions to The Japan Times, see below:
The U.S. president must navigate difficult swing states and hope infighting hobbles the Democrats
As 2019 begins, leaders must focus on bread-and-butter domestic issues, while moving toward more flexible and decentralized political models capable of governing diverse populations.
Even if the economy doesn't affect the election, the election will affect the economy.
The far-reaching social, political and economic risks posed by "Big Tech" have finally prompted a more concerted response from policymakers and regulators.
Whether this year's positive economic trends continue in 2018 will depend on a variety of factors, from fiscal and monetary policymaking to domestic politics and regional stability.
U.S. President Donald Trump still has an opportunity to cut taxes, improve U.S. infrastructure, and replace or amend the Affordable Care Act — but he must first learn how to cooperate with Congress.
If the gamble Trump is taking in trying to renegotiate agreements doesn't backfire, it could define a new doctrine for the U.S. role in the world.
With governments and citizens already struggling with the consequences of recent innovations — from job displacement to security risks — technology policy is likely to take center stage in the coming decade.
For generations, political leaders have attempted to shape their image. Today, it is U.S. President Barack Obama's turn to attempt to define his legacy.