In her latest Project Syndicate column, Advisory Council member Laura D’Andrea Tyson writes that in addition to having a responsibility to shareholders, companies have societal responsibilities and argues that evidence suggests “social and environmental responsibility can be a source of long-term competitive advantage.” To read the full piece, click here.
The Hamilton Project Blog
The Hamilton Project blog highlights the latest research, press coverage, and events from The Hamilton Project.
In a recent op-ed in Crain’s Chicago Business, Diane Whitmore Schanzenbach of Northwestern University questioned what Milton Friedman would think about the food stamp program. She writes that Friedman “advocated distributing anti-poverty benefits in the most efficient, fungible manner possible — cash,” and our current system comes “pretty close to his ideal system through the combination of the earned income tax credit and the food stamp program.” She argues that efforts to lower the costs of the Supplemental Nutrition Assistance Program, or SNAP, should focus on increasing economic growth and reduce unemployment, rather than changing the rules. Later this year, The Hamilton Project will release a discussion paper by Whitmore Schanzenbach calling for a modernization of SNAP through a revision of benefits and payment plans, and a reform of the school meals program to include incentive payments for healthy goals, information disclosure, universally free breakfast, snacks, and a summer feeding program.
This week in The Atlantic, Derek Thompson discussed how the marriage gap exacerbates income inequality in the United States. “The marriage inequality crisis creates a virtuous cycle at the top and a vicious one at the bottom. It pushes educated and non-educated Americans into entirely different worlds,” Thompson wrote. He highlights data from The Hamilton Project’s employment analysis, “The Marriage Gap: The Impact of Economic and Technological Change on Marriage Rates,” on declining marriage rates in the U.S. which has been steepest among the lowest-earning men and women. To read the full piece, click here.
In a recent Huffington Post op-ed on job creation, Rep. Carolyn Maloney (D-NY) highlighted data from The Hamilton Project’s jobs gap calculator. Maloney notes that at the current rate of job creation, “would take more than seven years to fully recover all the jobs that were lost in the Great Recession,” and argues that “there is a simple way for Congress to spark job creation: stop threatening government shut downs and credit defaults, end the so-called sequester, and invest in American infrastructure.” To read the full piece, click here.
This week in U.S. News and World Report, Patricia M. Anderson, Kristin F. Butcher, Hilary W. Hoynes, and Diane Whitmore Schanzenbach discussed food insecurity and the role of the Supplemental Nutritional Assistance Program in addressing the issue. The piece explores why food insecurity rates have been so high since the Great Recession, which can have long-term effects on health and economic well being. The authors argue that “we already have a program that has been shown to work at combating food insecurity and the consequences of inadequate nutrition” and suggest “these facts are worth contemplating as Congress resumes the fight about whether and how to fund it.” Later this year, The Hamilton Project will release a discussion paper by Whitmore Schanzenbach calling for a modernization of the Supplemental Nutrition Assistance Program, or SNAP.
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