As President Obama releases his report urging the expansion of the earned income tax credit (EITC), he cites Hamilton Project expert John Karl Scholz's proposal to expand the EITC to apply to childless, low-wage workers in economically depressed areas.
The Hamilton Project Blog
All technological devices that transmit information wirelessly require spectrum, and there is increasing concern among policymakers and industry leaders about the limited spectrum available for use relative to the explosive growth in demand.
Michigan has now joined Oregon in proposing a “Pay It Forward” student lending system in which students pay no tuition up front and pay back a fixed percentage of their income after college. This sounds very similar to an income-contingent repayment (ICR) system, which I advocate in a recent Hamilton Project proposal. But there is a key difference between Pay It Forward and ICR, and it’s one that makes Pay it Forward unworkable as proposed.
As of the end of January 2014, our nation faces a jobs gap of 7.7 million jobs. This chart shows how the jobs gap has evolved since the start of the Great Recession in December 2007, and how long it will take to close under different assumptions for job growth. If the economy adds about 208,000 jobs per month, which was the average monthly rate for the best year of job creation in the 2000s, then it will take until September 2018 to close the jobs gap. Given a more optimistic rate of 321,000 jobs per month, which was the average monthly rate of the best year of job creation in the 1990s, the economy will reach pre-recession employment levels by August 2016.
- The (Fixable) Problem with Pay It ForwardFebruary 2014
- Hamilton Project Immigration Forum MaterialsMay 2012
- Nationwide and State-by-State "Jobs Gap" Update for March 2014April 2014
- New Tax Legislation Would Increase the Return to Work for Low-and Middle-Income Working FamiliesMarch 2014
- A New Approach to Making Work PayMarch 2014