High-skilled workers increasingly choose lucrative jobs that don't serve or supervise low-skilled workers. Low-skilled productivity and wage growth has lagged as a result.
While it's a shame that more businessmen like Andy Puzder aren't helping to form America's economic policy, at least he's still on the field fighting the good fight.
There are two ways to think about the one percent - the Bernie Sanders way, where we're all competing for a zero-sum pie where it's just a question of negotiations. The second way, which is the one I put forward, is no, it's really innovation in a knowledge-based economy.
Republicans' focus on defunding or scaling back Obamacare - an unpopular entitlement program - rather than entitlements generally, namely Social Security and Medicare, has raised questions about their true objective. But critics forget that spending is fungible.
We have made a decision in our economy to lower taxes on successful risk-taking and have been very successful relative to Europe and Japan.
Because my business partner, Mitt Romney, was running for president when 'Unintended Consequences' was published, the media held up my book as a defense of the 1 percent.
Making products for $17 an hour that we could have purchased for 75 cents an hour wastes resources that we could have used elsewhere.
The United States ran the table on Internet innovations, creating companies like Google, Facebook, Microsoft, Intel, Apple, Cisco, Twitter, Amazon, eBay, YouTube, and others. Europe and Japan scarcely contributed.
You have to motivate people to take almost certain failure to get a small amount of success, which has driven our economy forward.
I am the individual who formed and funded W Spann LLC. I authorized W Spann LLC's contribution to Restore Our Future PAC. I did so after consulting prominent legal counsel regarding the transaction and based on my understanding that the contribution would comply with applicable laws.
Talented people have a responsibility to get the training they need to be successful risk takers and go out there to take risks. What I see is surplus of talented people and a shortage of people willing to take the risks.
As the news media eagerly report on polls showing that millennials increasingly reject capitalism, progressives energetically push the Democratic Party to the left.
We have to make sure that the banks pay every nickel of loan losses that they create, but we don't want to hold them responsible for withdrawals if we want the economy to recover.