Globalization has fallen out of fashion. Free trade breeds inequality, the critics say. International cooperation precludes national development. Closed economies are preferable to open ones. These statements could not be more misguided. The main reason I know this has to do not with job creation or productive employment or even global gross domestic product. It has to do with ...

  Donald Trump is not wrong: Judging a presidency on its first 100 days is an inherently ridiculous exercise. There is, however, a less ridiculous way to assess Trump’s first few months, and he does not fare well. It’s worth noting that when President Franklin Roosevelt first used the 100-day standard in a 1933 radio address, he was referring to ...

  Minimum-wage policy is a fraught issue. People involved in the public debate — writers, business leaders, politicians and think-tankers — often defend their positions with a passion and commitment reserved for religious disputes. That makes it challenging to bring data to bear on the conversation. Nevertheless, as the weight of evidence piles up, it’s getting harder and harder to ...