USMCA: A Worthy Successor to NAFTA?

By James Dail (CMC ’20) Last Friday, President Trump, along with the heads of state of Mexico and Canada, signed the United States Mexico Canada Agreement (USMCA). The USMCA is the result of extensive trade negotiations between the three North American nations that began shortly after President Trump took office. The President sparked these negotiations…

Teacher Incentives and Student Outcomes

By James Dail (CMC ’20) Education in the United States is in desperate need of an overhaul. It is a long-recognized phenomenon that students in the United States underperform their peers in the rest of the developed world. In some cases, American students are beaten by students in countries that are less socioeconomically developed, such…

The Reward Work Act and Worker Compensation

By James Dail (CMC ’21) One of the most persistent problems that the U.S. has faced over the past several decades is the persistent lack of wage growth. Adjusting for inflation, most U.S. workers have not received a raise since the 1970s. Though this has been a long-term phenomenon, this trend is especially puzzling at…

The Great Divorce: Inflation and Unemployment

By James Dail (CMC ’20) When the great recession ended in June 2009, something unusual began to happen to the US economy. Both the unemployment rate and the inflation rate were simultaneously low, which is unusual, as they are never supposed to occur simultaneously. While having both a low unemployment rate and inflation rate is…

The Truth of the Trade War

By James Dail (CMC ’20) One of President Trump’s main campaign promise was to revive the depleted US manufacturing sector and bring back lost jobs by implementing tariffs. Even today, this is one of the President’s main talking points whenever he goes to a campaign rally in an area that used to have strong employment…