Harvard Business School
Encompassing a wide array of questions about computing, communication, and internet markets, Professor Greenstein’s research extends from economic measurement and analysis to broader issues. His most recent book focuses on the development of the commercial internet in the United States. Greenstein is also codirector of the program on the economics of digitization at the National Bureau of Economic Research.
|Amazon’s new $15 per hour minimum wage will force other companies to follow suit.||Disagree||5||“Amazon already was feeling pressures from the difficulties of staffing at such a large scale, and from the difficulties limiting turnover in a heated labor market. Other firms that hire in similar markets have to raise wages too, but not just because Amazon did it. Because the labor market puts pressure on all of them. It appears it will be difficult to get temp workers for the holiday season.”|
|Restrictions on skilled immigration will cause US firms to to shift more operations overseas.||Strongly Agree||9||“Restrictions on skilled immigration HAVE ALREADY led firms to move some operations to other countries. More restrictions will lead to more moves.”|
|Uber has to develop self-driving cars in the next 10 years in order to remain viable.||Agree||6||“Uber needs self-driving cars to justify its sky-high valuations. Without [them], the investment community will not allow [Uber] to lose as much money as they are losing now. That will hamstring their growth.”|
|A trade war will be more disruptive to business than to consumers.||Strongly Agree||9||“Trade wars hurt everyone, but intermediate goods markets are a much larger fraction of the economy than final goods. Uncertainty over price and availability hurts business planning and operations.”|
|Concern over consumer privacy will fundamentally limit businesses’ ability to use big data.||Disagree||7||“There are few effective limits on firms selling information to each other.”|