In today's information-driven economy, business and scientific talent constrains growth.
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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.
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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.
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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.
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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.
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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.
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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.
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Making products for $17 an hour that we could have purchased for 75 cents an hour wastes resources that we could have used elsewhere.
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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.
