Michael R Strain
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michaelrstrain.bsky.social
Michael R Strain
@michaelrstrain.bsky.social
3.8K followers 150 following 410 posts

Director of Economic Policy Studies and Senior Fellow at the American Enterprise Institute. Professor of Practice at Georgetown University.

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Michael R. Strain is an American economist. He is currently the Director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute. He is also Professor of Practice in the McCourt School of Public Policy at Georgetown University, a research fellow at the IZA Institute of Labor Economics, and a columnist for Project Syndicate. Strain's research focuses on labor economics, macroeconomics, public finance, and social policy. .. more

Economics 51%
Education 13%
Posts Replies Media Videos

Reposted by Michael R. Strain

jderbyshire.ft.com
Jonathan Derbyshire @jderbyshire.ft.com · 21d
In the latest FT Swamp Notes newsletter (and before the seizure of Maduro), I asked @constelz.bsky.social, @michaelrstrain.bsky.social, @sohrabahmari.bsky.social, Lauren Fedor and Rebecca Katz to offer some guidance to the year ahead in US politics as.ft.com/r/faed7e98-5...
The year ahead in US politics
[FREE TO READ] Friends of the Swamp look forward to what is likely to be a pivotal period, culminating in November’s midterm elections
as.ft.com

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · 21d
Fin/ Welcome to 2026. The battle for the post-Trump future of the political right has begun.

My @financialtimes.com column: www.ft.com/content/9adf... #econsky
The battle for the right’s post-Trump future has begun
Conservatism is a big tent, but there should be no room in it for those who deny the dignity of all human beings
www.ft.com

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · 21d
5/ For conservatives, the only way out of this mess is through it. The fight to keep extremists, their allies and those who would redefine American identity at bay can’t be sidestepped. 

My @financialtimes.com column: www.ft.com/content/9adf... #econsky
The battle for the right’s post-Trump future has begun
Conservatism is a big tent, but there should be no room in it for those who deny the dignity of all human beings
www.ft.com

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · 21d
4/ Third, conservatives must resist the ascendant effort to redefine American identity as blood-and-soil nationalism.

My @financialtimes.com column: www.ft.com/content/9adf... #econsky
The battle for the right’s post-Trump future has begun
Conservatism is a big tent, but there should be no room in it for those who deny the dignity of all human beings
www.ft.com

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · 21d
3/ Second, conservatives must push the broader political right to enforce ideological borders against extremism.

My @financialtimes.com column: www.ft.com/content/9adf... #econsky
The battle for the right’s post-Trump future has begun
Conservatism is a big tent, but there should be no room in it for those who deny the dignity of all human beings
www.ft.com

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · 21d
2/ First, recognise that those of us who prioritise individual liberty, limited government, free markets, personal responsibility, economic opportunity, America’s “credal identity” and US global leadership are a faction on the political right, and not the whole of the right.
The battle for the right’s post-Trump future has begun
Conservatism is a big tent, but there should be no room in it for those who deny the dignity of all human beings
www.ft.com

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · 21d
🧵 The rot on America’s political right runs deep. Perhaps because of their growing numbers and influence, some on the right apparently seem to believe that the political success of the Republican party requires playing footsie with racists, bigots and antisemites.

What are conservatives to do?

Reposted by Michael R. Strain

a-reader-ft.bsky.social
A Reader of the FT @a-reader-ft.bsky.social · 23d
The battle for the right’s post-Trump future has begun-The writer is director of economic policy studies at the American Enterprise Institute. www.ft.com/content/9adf... @michaelrstrain.bsky.social @financialtimes.com
The battle for the right’s post-Trump future has begun
Conservatism is a big tent, but there should be no room in it for those who deny the dignity of all human beings
www.ft.com

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · Nov 25
5/ But what reforms would? How, in a populist age, can policymakers actually deliver more prosperity to the Americans who need it most?

www.bushcenter.org/catalyst/bui... #econsky
Populism won’t help U.S. workers. Here’s what will | George W. Bush Presidential Center
www.bushcenter.org

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · Nov 25
4/ Unfortunately, the solutions being offered by today’s populists – namely protectionism, nationalism, and larger, more heavy-handed government – simply won’t fix the problems they purport to solve.

www.bushcenter.org/catalyst/bui... #econsky
Populism won’t help U.S. workers. Here’s what will | George W. Bush Presidential Center
www.bushcenter.org

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · Nov 25
3/ Critics of populism – myself included – should be among the first to acknowledge that this impulse to focus on the problems facing American workers is both welcome and long overdue.

www.bushcenter.org/catalyst/bui... #econsky
Populism won’t help U.S. workers. Here’s what will | George W. Bush Presidential Center
www.bushcenter.org

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · Nov 25
2/ This impulse can be seen on both the left and the right, from President Trump to Mayor-elect Mamdani, who stated: “I’m fighting for the very working people that [President Trump] ran a campaign to empower, that he has since then betrayed.”

www.bushcenter.org/catalyst/bui... #econsky
Populism won’t help U.S. workers. Here’s what will | George W. Bush Presidential Center
www.bushcenter.org

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · Nov 25
🧵We live in a populist age. Widespread discontent has swept unlikely politicians to the top of both political parties, and those politicians are pursuing unorthodox policies to respond to the concerns of the American people, with a particular focus on workers.

#econsky

Reposted by Michael R. Strain

projectsyndicate.bsky.social
Project Syndicate @projectsyndicate.bsky.social · Nov 18
The centenary of Margaret Thatcher's birth received remarkably little attention, offering yet another reminder of how far the right has strayed, @michaelrstrain.bsky.social writes. bit.ly/47YR2ej
Can the American Right Find Its Way Back?
Michael R. Strain hopes the Republican Party can rediscover the dignity, decorum, and seriousness that once defined it.
bit.ly

Reposted by Dani Rodrik, Klaus F. Zimmermann, Dan Goldhaber , and 9 more

aaronsojourner.org
Aaron Sojourner @aaronsojourner.org · Nov 3
How does employer access to prisoners’ labor through work release impact the well-being of those workers & of free workers?

New working paper by Sue Helper, Suresh Naidu, Akseli Palomaki, Adam Reich, + me provides evidence, focus on auto manufacturing in AL
#EconSky
papers.ssrn.com/sol3/papers....
Coercion and Monopsony in Modern American Manufacturing: Evidence from Alabama Prison Labor Susan Helper Suresh Naidu Akseli Palomaki Adam Reich Aaron Sojourner We study coercion and monopsony in contemporary U.S. manufacturing labor markets. We combine administrative data from the Alabama Department of Corrections work release program with a unique survey of workers in the Alabama auto supply chain where workers report their work-release status. We first present descriptive patterns of work-release labor, finding that the use of incarcerated (i.e., work-release) labor is concentrated in the auto supply industry, especially in the Montgomery area, where Hyundai’s assembly plant is located. In the survey, the share of plant-level workers who are incarcerated is negatively correlated with non-incarcerated wages. The survey also enables estimation of hypothetical quit elasticities separately among incarcerated and non-incarcerated workers. Incarcerated workers are estimated to have quit elasticities less than half that of non-incarcerated workers. Because Alabama law requires employers to pay the same wage to incarcerated and non-incarcerated workers in the same jobs, the additional monopsony power introduced by employer access to incarcerated workers creates an incentive and ability for employers to reduce plant-level wages to, and employment of, non-incarcerated workers. We build a quantitative model of firm-specific labor supply that, for incarcerated workers, distinguishes the roles of coercion (the risk of physical harm in prison from not working), wage garnishment that blunts the consumption effect of higher wages, and monopsony (limited mobility across employers). Using it, we estimate effects on free and incarcerated workers’ welfare from i) reforming prison conditions to eliminate violence, ii) eliminating prison labor wage garnishment, iii) imposing a $15 minimum wage, &iv) abolishing prison labor. Free worker welfare goes up in all scenarios...

Reposted by Michael R. Strain

jeffreypclemens.bsky.social
jeffreypclemens.bsky.social @jeffreypclemens.bsky.social · Oct 30
@michaelrstrain.bsky.social and I recently published a narrower paper using CPS data to understand the role of minimum wages in shaping wage gains over 12-month intervals (reflecting the limits of what one can do in CPS data):
onlinelibrary.wiley.com/doi/abs/10.1...
onlinelibrary.wiley.com

Reposted by Michael R. Strain

projectsyndicate.bsky.social
Project Syndicate @projectsyndicate.bsky.social · Oct 17
The cost of health care is one of the biggest problems facing the US government. But extending the expiring subsidies will make health care more expensive, not less, observes @michaelrstrain.bsky.social.
bit.ly/3JdNBrU
The Problem with America’s Health-Care Subsidies
Michael R. Strain thinks the enhanced measures – a temporary salve enacted during the pandemic – should be allowed to expire.
bit.ly

Reposted by Michael R. Strain

cepr.org
Centre for Economic Policy Research @cepr.org · Oct 8
@michaelrstrain.bsky.social explored this topic in a recent column for VoxEU. He argues US manufacturing is not in crisis and manufacturing jobs do not deserve special attention. A trade war is likely to decrease employment in the sector rather than increase it.
cepr.org/voxeu/column...
#EconSky

Reposted by Michael R. Strain

smerconish.bsky.social
Michael Smerconish @smerconish.bsky.social · Oct 6
Michael sits down with Dr. @michaelrstrain.bsky.social to challenge the idea that the American Dream is out of reach. Is homeownership essential to success? Does hard work still pay off? And are our expectations part of the problem?
Listen to the #podcast here 🎧➡️ loom.ly/7l3hQnE

Reposted by Michael R. Strain

projectsyndicate.bsky.social
Project Syndicate @projectsyndicate.bsky.social · Sep 18
The Federal Reserve's case for beginning a monetary-easing cycle this month rests on three judgments. But it is off base on all three, writes @michaelrstrain.bsky.social of the American Enterprise Institute. bit.ly/3VnFsnf
The Fed’s Wrong Move
Michael R. Strain argues that US interest-rate cuts this year will have to be reversed in 2026, as inflation re-accelerates.
bit.ly

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · Sep 6
I enjoyed talking yesterday with @jdickerson.bsky.social on CBS Evening News Plus about the jobs report, the overall economy, and the Fed.

www.cbsnews.com/video/95-cbs... #econsky @cbseveningnews.bsky.social
9/5: CBS Evening News Plus
A possible upside to August's slowing job growth; Reporter's Notebook: Can a manufacturing renaissance deliver for workers?
www.cbsnews.com

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · Aug 27
👊

Reposted by Claudia Sahm

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · Aug 26
Trump is hostile to the Fed’s independence. He wants to bend the central bank to his will. He is willing to threaten officials with criminal prosecution to get his way. We are in dangerous territory.

My @nationalreview.bsky.social column.

www.nationalreview.com/corner/the-s... #econsky
The Senate Must Preserve Fed Independence | National Review
Whether Lisa Cook stays or goes, the Senate must confirm only Fed governors who are independent of partisan politics and of the president.
www.nationalreview.com

Reposted by Michael R. Strain

voxeu.org
VoxEU @ CEPR @voxeu.org · Aug 26
Summarising his chapter from a CEPR book on the economic consequences of the 2nd Trump administration, @michaelrstrain.bsky.social‬ argues that American #manufacturing is not in crisis and the #trade war is likely to decrease manufacturing employment.
cepr.org/voxeu/column...
#EconSky
Graph of the top countries' manufacturing production in billions of 2015 constant dollars. The two most prominent arguments President Trump has advanced for his trade war – both during the early months of his second term, and for decades prior – are that protectionism will reduce the trade deficit and increase manufacturing employment. This column, taken from a CEPR book on the economic consequences of the second Trump administration, argues that American manufacturing is not in crisis and manufacturing jobs do not deserve special attention, and that the trade war is likely to decrease manufacturing employment rather than increase it.

Reposted by Steve Peers, Michael R. Strain

toddntucker.com
Todd Tucker @toddntucker.com · Aug 26
What to make of the latest news that the US government is converting its billions in grants to Intel into equity shares?

@novasafo.bsky.social has the story @marketplace.org with comments from me @michaelrstrain.bsky.social and others.
www.marketplace.org/story/2025/0...
Why Intel warns that government stake may hurt shareholders
Washington’s investment may well come with unintended consequences.
www.marketplace.org

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · Aug 25
Trump’s decision to take an equity stake in Intel is astonishing and troubling. His recent deal with Nvidia and AMD suggests security concerns are being used by the president as a fig leaf for rank corporate shakedowns.

My @financialtimes.com column.

Link: www.ft.com/content/2ddb... #econsky
Trump’s Intel deal is a threat to US economic liberty
Taking unnecessary equity stakes in private companies is opportunism — not strategic state capitalism
www.ft.com

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · Aug 21
I'm proud to work with WorkRise and I am proud of the work WorkRise is doing to advance economic mobility for low-wage workers. Please take a minute for this survey.

Link: urban.co1.qualtrics.com/jfe/form/SV_...

#econsky
Research-Informed Action for Low Wage Worker Mobility
This survey is a fieldwide effort to hear directly from practitioners, employers, policymakers, researchers, and funders about where evidence is most urgently needed. The goal is to benefit the entire...
urban.co1.qualtrics.com

Reposted by Michael R. Strain

toddntucker.com
Todd Tucker @toddntucker.com · Aug 18
The chaos of Trump's sticks, coupled with the absence of carrots, is not on track to set up a manufacturing renaissance, reports @greenhousenyt.bsky.social, with comment from @michaelrstrain.bsky.social @drodrik.bsky.social Ann Harrison , Sue Helper, and me.
www.theguardian.com/us-news/2025...
Trump’s promise of a US manufacturing renaissance leaves experts scratching their heads
Economists doubt US duties will bring about a resurgence of US factory jobs, notably due to Trump’s erratic tariff rollout
www.theguardian.com

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · Aug 15
2/ If the integrity of official statistics erodes, then there is *no* suitable alternative for businesses, investors, and policymakers.

www.marketplace.org/story/2025/0... #econsky
With Trump taking aim at government economic data, what other sources can businesses turn to?
There are private firms that offer specialized economic data, but they're not always as comprehensive as government sources.
www.marketplace.org

Reposted by Erica L. Groshen

michaelrstrain.bsky.social
Michael R Strain @michaelrstrain.bsky.social · Aug 15
1/ On @marketplace.org, I argue that private-sector data are a valuable compliment to government data, but are *not* a substitute for government data, like those produced by the Bureau of Labor Statistics.

www.marketplace.org/story/2025/0... #econsky
With Trump taking aim at government economic data, what other sources can businesses turn to?
There are private firms that offer specialized economic data, but they're not always as comprehensive as government sources.
www.marketplace.org