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THIS WEEK
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October 16, 2019
The Latest News
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Automation Won't Destroy Trade — It Might Even Boost It
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Christine McDaniel | The Hill
Should we pay attention to alarmist predictions that automation, robots, and 3D printing will destroy jobs, disrupt value chains, and maybe even reduce the need for international trade? A new report from the World Bank shows that the data and evidence around these claims does not support the hype. In fact, these technological advancements may increase trade, lead to expansion in output, and increase the demand for material inputs.
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Fair Pay to Play — a Win for College Athletes
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Abigail R. Hall and Patrick Gourley | Inside Sources
Student-athletes are currently the only students on campus who are not allowed to professionalize their talents by accepting money from private employers. New legislation recently signed in California may shake this up by potentially ushering in a new era for college athletics. Starting in 2023, athletes from some of America's highest-profile sports programs may be able to seek and receive payment from sponsors without fear of losing their scholarships or eligibility.
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The CFPB's New Sandbox Could Help Spur Innovation in the Financial Sector
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Brian Knight and Trace Mitchell | The Hill
The financial sector is one of the most heavily regulated sectors in the US economy. This has caused it to be virtually impossible for a firm to introduce a new financial service or product without spending large sums of money to ensure it complies with existing laws and regulations. The Consumer Financial Protection Bureau is making an effort to address this by creating a regulatory "sandbox." A sandbox, essentially a safe policy space to innovate, could help promote entrepreneurialism within a sector burdened by exceedingly restrictive regulation.
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Additional Links
I Welcome Imports, and so Should You
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Veronique de Rugy | Creators Syndicate Newspapers
The Story of a Trio’s Experiments with Development
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Shruti Rajagopalan | Livemint
Has Banking Become Too Political?
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Brian Knight | The American Banker
These Trade Claims Made by Trump? They’re All Wrong
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Veronique de Rugy | The John Batchelor Show
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