Productivity Dynamics in U.S. Manufacturing: A Series of Reports
(published March 2016)
Cliff leverages an expanding dataset on industry-level productivity growth to illustrate the sectoral dynamics of the recent productivity evolution. He reveals the results of a statistical analysis that provides evidence of key productivity drivers across diverse manufacturing subsectors. Cliff also considers the interrelationships of productivity determination among industries. He concludes with policy prescriptions for improving a worrisome outlook.
(published June 2016)
Using the results of the MAPI Foundation’s national survey of 402 manufacturing executives, Cliff analyzes trends in planned and actual automation investment, with stratifications by company size and industry. In the survey, Cliff asked about stand-alone investment vs. broader upgrades of infrastructure, reasons for delayed adoption, drivers of investment, reasons for not engaging in investment, and criteria for evaluating performance.
(published August 2016)
In the case of new technology investment, the cost side of the return-on-investment equation contains a larger and broader set of factors than is the case with a fixed technology frontier, under which all technologies are known as previously employed capital. But the benefits of a new technology investment are potentially as broad as the costs.
Cliff Waldman regularly writes and speaks on the U.S., Asian, and global economic outlooks as well as demographic trends, 3D printing, productivity, and labor issues. In 2013, he directed a large project for the Southern Governors’ Association that analyzed the potential for advanced manufacturing cluster development in the American South. He has won two national awards from NABE, one for research on Chinese demographic trends and one for a report that he co-authored with Jeremy Leonard on manufacturing innovation.
Cliff is consistently quoted in the major business media, including The New York Times, The Wall Street Journal, USA Today, and the Associated Press. He has made appearances on CNN, CNBC, and Bloomberg Television. He is regularly invited to speak at industry events and corporate meetings, including with the IEEE, Kaman Corporation, Marsh, and Modine.
He holds a B.A. and M.A. in economics from Rutgers. Before coming to Washington, he served as a research economist for the New Jersey Department of Labor, where he built econometric models used for program and policy analysis. He later worked in the research arm of the National Federation of Independent Business, America's largest trade group for small firms.
Cliff served as president of Waldman Associates, an economic consulting firm in Arlington, VA. Among his high-profile projects was the creation of a leading index of business investment that he built with Alan Blinder, former vice chairman of the Federal Reserve Board and economics professor at Princeton. He also designed a survey-based project for the Small Business Administration on the entrepreneurship activities and potential of the U.S. veteran and service-disabled veteran population.