In 2013, 57.2 percent of New Jersey women participated in the labor force. Additionally, a national study by the Hamilton Project found that in nearly 40 percent of American households, married women earn more than their husbands. These two facts make it harder to argue that divorced women are inherently in danger of falling into poverty as a result of their change in marital status, which had been the justification for permanent alimony. - See more at: http://www.northjersey.com/opinion/opinion-alimony-law-revision-is-a-step-in-the-right-direction-1.1088615#sthash.6p7l6poH.dpuf
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Hamilton Project focus is on maximizing economic value of fisheries to fishing dependent communities
It was refreshing to attend a fisheries focused meeting last week at the Brookings Institution in D.C. opened by the eminent former Secretary of the Treasury Robert E. Rubin. Instead of gloom, he stressed the economic value of fisheries to the U.S. economy and recognized the significant progress the U.S. has made in achieving sustainable fishing of the vast majority of its stocks.
Just as alarming--and in stark contrast to the historical pattern of deep recessions being followed by sharp rebounds--more than five years after the Great Recession, annualized economic growth remains a subpar 2 percent and nearly 20 million Americans remain either out of work, underemployed, or have left the workforce discouraged. Indeed, August was the 50th month in the past 51 in which more unemployed Americans left the workforce discouraged than found jobs. According to the Brookings Institution's Hamilton Project, America will likely not return to pre-recession levels of employment until 2018.
The economy continues to operate way below any estimate of its potential made before the onset of financial crisis in 2007, with a shortfall of gross domestic product relative to previous trend in excess of $1.5tn, or $20,000 per family of four. As disturbing, the average growth rate of the economy of less than 2 per cent since that time has caused output to fall further and further below previous estimates of its potential.
"The Hamilton Project at the Brookings Institution, a Washington, DC, think tank, estimated that starting high school later could lead to students making $17,500 more over the course of their lives because they'd learn more."
Because of the catastrophic experiment in mass incarceration, black men in their 20s without a high school diploma are more likely to be incarcerated today than employed, according to a study from the National Bureau of Economic Research. Nearly 70 percent of middle-aged black men who never graduated from high school have been imprisoned.
The Hamilton Project at the Brookings Institution, a Washington, DC, think tank, estimated that starting high school later could lead to students making $17,500 more over the course of their lives because they'd learn more.
“Europe is at risk of secular stagnation,” said Lawrence H. Summers, a former United States Treasury secretary and former economic adviser to President Obama, referring to a situation in which very sluggish economic growth becomes the new norm. Unless governments find a solution, he added, “there is little chance that reasonable and rapid growth is going to return to the eurozone.”
The authors of one such [Hamilton Project/Center for American Progress] proposal estimate that this could keep between 1 million and 1.5 million extra workers in the labor force, at little or no net cost.
Reports on the widespread societal and economic damage caused by America’s now 40-year experiment in locking up vast numbers of its citizens has come at an astounding economic cost, as tallied by the Brookings Institution's Hamilton Project.
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A periodic newsletter of events, policy briefs, and working papers from The Hamilton Project.