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News Coverage Feb 10, 2017

The Washington Post: Putting ‘America First’ isn’t the problem. Trump’s version of it is.

In this light, “buy American and hire American” is an extreme version of an economic nationalist tradition that dates back to Alexander Hamilton, who favored protection of American industries, at least until they could compete on the global stage. The Hamilton Project, a mainstream bipartisan initiative based at the Brookings Institution, rests on the belief both in markets as engines of economic growth and in the use of government power “to enhance and guide market forces.” If those market forces favor the interests of foreign workers over those of American workers, even if American consumers benefit from lower prices, why shouldn’t we put American workers first?

News Coverage Feb 9, 2017

Pacific Standard Magazine: This Chart Illustrates Why Infrastructure Investment Is a Good Idea

Earlier this week, The Hamilton Project at the Brookings Institution held an event exploring the ins and outs of infrastructure investment. While a panel full of superstar economists agreed that the United States is approaching full employment and doesn’t need much in the way of fiscal stimulus right now, they nonetheless argued that government investment in infrastructure might still be a good idea. As illustrated by the chart below, which comes from a framing paper that The Hamilton Project released in advance of the event, the U.S. is just not spending nearly enough money on infrastructure.

News Coverage Feb 9, 2017

Quartz: The most important skill for middle class workers isn’t being taught in American schools

The relationship between social skills and economic success is a relatively new phenomena, it’s impact varies from generation to generation. It’s rose up from a changing labor market, a US economy, like others around the world, that abandoned manufacturing and left a huge swath of baby boomers out of work with a set of skills that had become obsolete. A recent study (pdf) from The Hamilton Project, an initiative of the Brookings Institution, points out that while social skills had almost no impact on likelihood of future employment for those born in the late 1950s and early 1960s, they have large employment effects for those born in the early 1980s.

News Coverage Feb 7, 2017

The Fiscal Times: Trump’s Trillion Dollar Infrastructure Plan Could Be DOA

By one important measure of the inadequacy of federal, state and local policies, annual public investment in infrastructure has declined from 1.5 percent of Gross Domestic Product in 1980 to just 0.6 percent of the overall economy in 2015, as the Brookings Institution’s Hamilton Project notes in a new report. Indeed, the American Society of Civil Engineers in 2013 estimated that $3.6 trillion would be required just to bring U.S. infrastructure into a state of good repair, not counting any expansion to the existing infrastructure.

News Coverage Jan 27, 2017

Vox: Donald Trump’s “paying for the wall by hiking prices on avocados” controversy, explained

Alan Auerbach, an economist at UC Berkeley, worked out a detailed proposal for a border-adjusted corporate tax back in 2010 in a paper for the Center for American Progress and the Hamilton Project, two institutions with links to the Obama administration and the Democratic Party establishment more broadly. The center-left Century Foundation issued a report from University of Michigan law professor Reuven Avi-Yonah in November calling for a similar system.

News Coverage Jan 25, 2017

Vox: Trump’s promise to create 25 million jobs in a decade seems wildly unrealistic

Twenty-five million jobs over 10 years comes out to about 208,000 jobs per month. This is only slightly higher than the pace of 180,000 jobs per months we’ve seen over the past year. The problem is (according to the Hamilton Project’s jobs gap calculator) we’re only about five months away from reaching pre-recession employment levels if we add 208,000 jobs per month. We’re very likely to see slower job growth than that over the next 115 months of Trump’s pledge — keeping up with population growth at that point would only entail about 90,000 jobs per month.

News Coverage Jan 25, 2017

Real Clear Markets: Should Government Control What Low-Income People Eat?

Let’s not forget that SNAP has been a clear policy success. It lifted nearly 5 million people out of poverty in 2014 (the most recent data available), is efficiently targeted to families who need benefits the most, reduces the likelihood that families have trouble affording food, serves as an automatic fiscal stabilizer in times of economic downturns, and has extremely low rates of both error and fraud. SNAP also has long-term benefits. My own recent research study found that those who had access to SNAP benefits during childhood grew up to be healthier, and women in particular were more likely to become economically self-sufficient due to childhood access to SNAP benefits.

News Coverage Jan 13, 2017

The Chicago Tribune: How parents can survive the $233,610 cost of raising a child

Before becoming nauseated, however, consider that on the day your baby is born you don't have to have $233,610 sitting around to pay for baby food in a few months or Adidas and a computer later. If you consider your lifetime earnings, your income will total a big number too. A parent with a college bachelor's degree is likely to make $800,000 to $2 million during their working years, according to an estimate by the Hamilton Project, a research group within the Brookings Institution. A person with only a high school degree will make about $580,000.

News Coverage Jan 11, 2017

The Diplomat: Robert Rubin on the Future of US-China Relations

The key is to recognize that a constructive working relationship with China offers bilateral and multilateral benefits, and, conversely, a tense relationship presents serious risks. The greatest American threat to the economic future of China would be America’s failure to succeed economically, and, conversely, the United States’ greatest economic danger would be Chinese failure. By contrast, if each country gets its own house in order, and succeeds economically, that should increase confidence about the future, which should foster a constructive relationship.

News Coverage Jan 4, 2017

Wallethub: 2017’s Best & Worst Cities for Jobs

With 2016 behind us, it’s time to think about fresh starts again. But whether that means a small change or a complete life overhaul, finding a new or better job surely will top many Americans’ list of goals. If that’s your mission for the new year, it’s a good time to be on the job market. According to the U.S. Bureau of Labor Statistics’ most recent jobs report, the national unemployment rate has fallen to 4.6 percent — the lowest since 2007.

News Coverage Sep 16, 2016

Michigan Live: Is college still worth the cost? Usually

“A 2014 [Hamliton Project] national study of lifetime earnings in 80 college majors found that median earnings by college graduates are higher in every major over lifetime earnings of those with a high school degree. But there were a handful of majors that earned less than the median earnings of those with an associate degree -- and not much more than a high school graduate. They include drama and theater arts, elementary education, early childhood education and theology.”

News Coverage Sep 15, 2016

KJZZ: Charter Schools Fight Back Against Comedian John Oliver

“The Arizona State Board for Charter Schools has approved an intent to revoke the charter of a Mesa school that closed just as school was supposed to start. And recently, charter schools caught the eye of John Oliver, on his HBO show, Last Week Tonight. In response to the monologue, the Center for Education Reform launched what it’s calling the “Hey John Oliver, back off my charter school” video contest, which aims to show how charter schools help students and their families. Diane Schanzenbach is the director of the Hamilton Project at the Brookings Institution – it’s a non-partisan economic think tank that looks at a variety of policies, including education. We ask if she thinks charter schools suffer a perception problem.”

News Coverage Sep 15, 2016

WUOM: What is the average class size in Michigan’s schools?

"Michigan Radio's Jennifer Guerra spoke with Diane Whitmore Schanzenbach. She says small classes help students. They're particularly helpful through grade 3, and large class sizes can harm students as they get older. "Kids who were randomly assigned to the small classes were more likely to go on to attend college," explains Schanzenbach. "They’re less likely to be involved in crime, they’re less likely to be a teenage parent, they’re more likely to save for retirement." And the positive outcomes are most pronounced in African American children and kids from low-income families."

News Coverage Sep 8, 2016

PBS NewsHour: Could a Hillary Clinton presidency spark a preschool evolution?

“Among other findings, the study found Head Start children had a higher high school graduation rate, by 5 percentage points, than their non-Head Start siblings. “Third-grade test scores are only one thing that we care about,” said Diane Schanzenbach, director of the Hamilton Project at The Brookings Institute, the think tank that conducted the recent study. “We care more about the long-term impact on young kids.”

News Coverage Sep 2, 2016

NewAmerica.org: Head Start Works. And It’s About to Get Even Better.

“The second study comes from the Hamilton Project at Brookings.  Their new economic analysis extends what we know about the long-term impacts of Head Start even beyond middle school. Using data from the National Longitudinal Survey of Youth, a survey that has tracked a multi-generational representative sample since 1979, the study compares Head Start children with their siblings who either went to a different type of pre-K or who did not attend any program.”