Authors

Michael R. Strain

Director, Economic Policy Studies

Arthur F. Burns Scholar in Political Economy

Michael R. Strain is the Director of Economic Policy Studies and the Arthur F. Burns Scholar in Political Economy at the American Enterprise Institute (AEI), where he oversees the Institute’s work in economic policy, financial markets, international trade and finance, tax and budget policy, welfare economics, health care policy, and related areas. Dr. Strain’s latest book, “The American Dream is Not Dead: (But Populism Could Kill It)” was published by Templeton Press on February 28, 2020. Before joining AEI, Dr. Strain worked in the Center for Economic Studies at the US Census Bureau and in the macroeconomics research group at the Federal Reserve Bank of New York. Dr. Strain’s own research focuses on labor economics, public finance, and social policy, and his papers have been published in peer-reviewed academic journals and policy journals such as Tax Notes and National Affairs. He is the editor of “The US Labor Market: Questions and Challenges for Public Policy” and the coeditor, with Stan Veuger, of “Economic Freedom and Human Flourishing: Perspectives from Political Philosophy.” He was a member of the AEI-Brookings Working Group on Poverty and Opportunity, which published the report “Opportunity, Responsibility, and Security: A Consensus Plan for Reducing Poverty and Restoring the American Dream”. He also writes frequently for popular audiences, and his essays and op-eds have been published by The New York Times, The Wall Street Journal, The Washington Post, The Atlantic, National Review, and The Weekly Standard, among others. He is a columnist for Bloomberg Opinion. A frequent guest on radio and television, Dr. Strain is regularly interviewed by news networks including CNBC, MSNBC, and NPR. He has testified before Congress and speaks often to a variety of audiences. Dr. Strain has a PhD in economics from Cornell University. He is a graduate of Marquette University and holds an MA from New York University.

Publications

The Link Between Wages and Productivity Is Strong

  Much of the public debate in recent years suggests that wages are not primarily determined by productivity. Indeed, the argument that the link between compensation and productivity has been effectively severed is commonly made. In this paper, I first discuss the wage-setting process and the conceptual issues that are of critical importance to any […]