Policymakers must ensure that retraining is ramped up to maintain advanced workforce skills. The payoff is estimated at an economic impact of between $14 trillion and $33 trillion annually worldwide by 2025.
Lack of transparency is biggest enemy of Trans-Pacific Partnership being negotiated.
The potential for Boeing to leave the area has some wondering if the Puget Sound region is headed for economic pain, like the Motor City has suffered. But unlike Detroit, this region’s economy is far more diverse.
Urban Land Institute ranks the Puget Sound area’s real-estate market as No. 6 to watch in the country.
Seeing the world as it is requires recognizing that Boeing provides us with an asset that has nearly disappeared from the United States: a large manufacturing workforce in one relatively compact region making good wages. Boeing is also the backbone of Washington’s export power.
Getting the policy right will be an important part of whether we continue to keep a substantial bio cluster. States with the biggest footprints in life sciences and biotech employ a variety of incentives.
However you come down on the issue, it is a proxy for problems in the economy that go deeper than the ongoing jobs crisis.
Fourth Avenue, which runs through the core of downtown Seattle, a good barometer of changes in the local economy.
An agreement with the Trans-Pacific Partnership (or TPP) would be the largest free-trade agreement in American history. But negotiations are complex and fraught with potential problems.
Former Gov. Gary Locke, now the U.S. ambassador to China, says the People’s Republic presents many economic opportunities for American companies, ‘but be very careful.’
It should not be lost on anyone that deregulation, overheated speculation and high risk were major triggers of the Great Recession.