“…Laura Tyson, a professor at the Haas School of Business at the University of California, said the Nordic countries, with their flexible labor markets and generous social safety nets, could be a model. But in many countries, that would require a fundamental rethink of what and whom governments tax and of where the tax revenue is invested…”
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“On March 13, Egypt will open a big economic development conference in Sharm el-Sheikh intended to show the world that it is fixing its economy and to attract foreign investment. The conference is pitched as a “key milestone of the government’s medium term economic development plan.”
“Over the next few months, the question of U.S. participation in the Trans-Pacific Partnership trade deal is likely to be resolved one way or the other. It is, to put it mildly, a highly controversial issue. Proponents believe a deal is essential to both our economic and geopolitical interests; opponents fear that it will primarily benefit corporations and the wealthy at the expense of middle-class living standards…”
“…As for job growth, during the economic expansion of the 1990s, the economy added at least250,000 jobs per month 47 times. During the current expansion, which has now lasted roughly half as long, we have seen only 13 months of job growth greater than 250,000, which includes abnormal hiring involved with conducting the decennial census. Meanwhile, at the average rate of job growth over the past three years, The Hamilton Project estimates that we may not reach our former level of employment, when factoring in new labor-force entrants, until as late as mid-2017.*”
“…The truth is that technology has long served as an easy target for employment alarmists–in no small part because innovators tend to tout new efficiencies and cost savings foremost. But as a recent Brookings Institution [Hamilton Project] analysis put it, “Historically, technological progress has created winners and losers, but over the long run, [it] has tended to create more jobs than it has destroyed.”
"Roger Altman, the investment banker and former deputy U.S. Treasury secretary, said Russian President Vladimir Putin is more vulnerable than people realize to sanctions that will test his population’s patience.
“A lot of people misunderstand how profoundly weak Russia is,” Altman, the co-founder of Evercore Partners Inc., told Bloomberg Television’s Betty Liu in an interview Wednesday, citing a declining population, a hobbled banking system and a currency that has lost about half its value. “Russia is on the edge.”
"Two weeks ago, the famous economist Larry Summers sat in a chair on a stage at the National Press Club, talked with several other smart people for an hour and briefly upended a major debate in economics.
The occasion was a forum, hosted by the Brookings Institution' Hamilton Project, on technological change and its effect on American workers. Summers, the former Treasury Secretary who is arguably the most influential economist in Democratic Party circles today, joined a discussion on whether rapidly advancing technology -- like robots -- is killing jobs and hurting incomes for the middle class..."
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Hamilton Project Updates
A periodic newsletter of events, policy briefs, and working papers from The Hamilton Project.