Research Policy
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Tech Employment Drives Increased Wages…Just Like Other High-Paying Jobs
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When Amazon started looking for a home for its second headquarters (“HQ2”), cities across North America vied to be selected. They offered tax breaks and other incentives, seeking the prestige of a high-profile corporate headquarters and the promise of economic stimulation. Proponents of a tech influx argued that higher tech-sector…
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Influencing Innovation: Government’s Role in Subsidizing R&D
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Firms often underinvest in research and development (R&D) when there is no government intervention. There are many uncertainties and risks that discourage firms from investing in R&D, which slows the pace of innovation. To address this problem, governments can provide firms with subsidies to incentivize new product creation or improve…