In the News

Page 1 of 133

Order by: Date,

The State of Public Employment in 2014

Governing The States and Localities • December 18, 2014 • Heather Kerrigan

Overall, the year was a mixed bag on the job front. In January, state and local governments shed 19,000 jobs; in September, they added 22,000; and in November, they only added 2,000 jobs. Most of the hiring is happening in public safety and education; in fact, a majority of the November jobs are seasonal education employees. According to a September report by the Hamilton Project, an economic policy initiative at the Brookings Institute, the public sector (including the federal sector) needs to add 1.6 million jobs to reach pre-recession employment levels. But, excluding December, state and local governments added barely over 100,000 jobs in 2014.

Peter Thiel’s 3 Keys for Building A Successful Startup

Business Insider • December 18, 2014

Billionaire Peter Thiel, widely known as one of the founders of PayPal, is perhaps most strongly influenced by his experience as a professional chess player. In his book "Zero to One: Notes on Startups, or How To Build the Future," he outlines his theory on "last mover advantage."

Markets rule, ‘Russia is on its knees’: Altman

CNBC • December 17, 2014

Russia considers itself a global superpower, but it is looking small compared to the power of the global capital markets, Evercore Partners' Roger Altman told CNBC on Wednesday. What Russia's currency crisis has exposed is how profoundly weak the country has become, the investment bank's founder and executive chairman said on "Squawk Box." The commodity-centered economy now faces massive financial flight, a lack of meaningful foreign investment and highly leveraged corporations, Altman added.

20 charts that will fill you with guilt and regret

Vox • December 16, 2014 • Dylan Matthews

Recent grads' major regrets have some basis. A paper by the Hamilton Project's Brad Hershbein and Melissa Kearney found substantial variation in median lifetime earnings by major. The median chemical engineering major earns $2.11 million over the course of her career, while the median early childhood education major makes $770,000 (which is distressing given what an important job that is).

As Robots Grow Smarter, American Workers Struggle to Keep Up

New York Times • December 15, 2014 • Clair Cain Miller

Lawrence H. Summers, the former Treasury secretary, recently said that he no longer believed that automation would always create new jobs. “This isn’t some hypothetical future possibility,” he said. “This is something that’s emerging before us right now.”

Water world: Can a solution to Utah’s thirst be found?

Deseret News • December 15, 2014 • Amy Joi O'Donoghue

Utah's rate of 248 gallons of water per person, like other Western states, is linked to high outdoor use of potable or drinking water, and the region's dry climate. An analysis by the Brookings Institution's Hamilton Project shows Utah second to Idaho at 167 gallons per capita in domestic water use.

Larry Summers: U.S. Energy Independence Tied to Europe and Japan

Big Think • December 11, 2014

Summers hits on two key points in this short interview. The first is that U.S. oil prices are down and should remain that way for at least the foreseeable future...

Growth slowdowns: Middle-income trap vs. regression to the mean

Vox, CEPR's Policy Portal • December 11, 2014 • Lant Pritchett and Lawrence H. Summers

No question is more important for the living standards of billions of people or for the evolution of the global system than the question of how rapidly differently economies will grow over the next generation. We believe that conventional wisdom makes two important errors in assessing future growth prospects.

Students received help in applying, paying for higher education

Laurel Star • December 11, 2014

Recently, researchers from Hamilton Project reported that looking at cumulative earnings over the entire career, the typical bachelor's degree graduate worker earns $1.19 million, which is twice what the typical high school graduate earns, and $335,000 more than what the typical associate degree graduate earns.

Quoted: Google’s Eric Schmidt On Fears About Artificial Intelligence

Silicon Beat • December 10, 2014 • Levi Sumagaysay

“These concerns are normal. They’re also to some degree misguided.” — Eric Schmidt, Google chairman, on fears that machines will take over the world. He’s not into doom and gloom, he wants to talk loom: “Go back to the history of the loom,” he said. “There was absolute dislocation, but I think all of us are better off with more mechanized ways of getting clothes made.”

Page 1 of 133

Prev |

Hamilton Project Updates

A periodic newsletter of events, policy briefs, and working papers from The Hamilton Project.