"Women's talents can be used in a whole variety of ways and there have been very large benefits from their inclusion in the workforce [in many other places in the world]," says Ryan Nunn, policy director for The Hamilton Project, an economic initiative of the Brookings Institution in Washington, D.C.
“According to data from the Hamilton Project, Denmark sits atop the social mobility charts, along with having exceptionally low income inequality. Whilst this could be attributed to the redistributive nature of Denmark's tax programme, it could also be caused by the flexible labour market or the lack of taxes such as Inheritance Tax in the Scandinavian state.”
“Most Americans benefit from economic growth through wages, not from investment incomes. But, since the early 1970s, the hourly inflation-adjusted wages have grown a meager 0.2% every year, as economists Jay Shambaugh and Ryan Nunn point out in Harvard Business Review."
"There really aren't a lot of people who you say 'I don't know why they aren't working,'" said Jay Shambaugh, director of The Hamilton Project who served in the Obama administration. "Simply telling them they have to be in the job market may not be sufficient. There are reasons they are not in the job market."
“Of those living in poverty, the 2016 figures show that there are about 13.3 million children - 18% of those under the age of 18. As the population has aged, the number of over-65s in poverty has increased to 4.6 million but, at 9%, the poverty rate is lower than for those of working age (18-64). It is this working-age group which provides perhaps the most striking picture, with nearly 23 million - or almost 12% - living in poverty. The Hamilton Project at the Brookings Institution has been exploring this puzzle.”
“The increase in the share of women in the workforce over the second half of the 20th century was enough to offset the declining labor force participation rate of men, which has been steadily falling for more than 60 years. The percentage of women ages 16 and up that are either in the workforce, or are actively looking for work, increased substantially in the United States — rising from 37 percent in 1962 to 61 percent by the year 2000 (see here for our detailed [Hamilton Project] report).”
Proponents of the Republican tax bill claim it will pay for itself with increased growth. But what if that growth doesn’t materialize? To mollify colleagues concerned about the bill’s deficit impact, Senate GOP leaders are planning to add a new provision: a “trigger” to raise corporate taxes if revenue doesn’t meet a specified target.
Far from a partisan perception, reports from sources as varied as the Obama White House, the Hamilton Project of the Brookings Institution, the libertarian Reason Foundation and California’s Little Hoover Commission have all reached similar conclusions about the shortcomings and harms of occupational licensing.
When a worker has made large investments of time and money in obtaining a license from a particular state, she will be understandably reluctant to move to another state and again pay the costs of becoming licensed, even when job conditions are better elsewhere," wrote Ryan Nunn last year in a separate report for the Brookings Institution.
The median monthly water bill in the U.S. falls at about $34.50, LaFrance said, but that number can vary widely from region to region or even city to city. According to a study from the economic research group The Hamilton Project, water bills can range anywhere from $25 to $70 in major cities. But, when it comes to saving, the rules are universal: be conscientious. Water conservation and saving money go hand and hand.
Only about 50 percent of working American adults feel prepared to live comfortably in retirement. It’s a figure that remains relatively consistent across age groups, but each generation faces a retirement predicament of its own.
The federal jobs program I’ve described doesn’t have the intuitive simplicity of the universal basic income. But it serves critical purposes that the basic income doesn’t and should be an integral part of a broad-based agenda to address rapidly changing economic conditions. Adopting a federal jobs program could enhance our work force and increase our nation’s output while providing people with the self-worth and economic opportunity that work can provide.
According to a report published yesterday (Nov. 1) by the Hamilton Project, an economic policy initiative linked to US think tank Brookings Institution, “Although Japanese women now participate in the labor force at a higher rate (than American women), their labor market experiences are often less rewarding.
Women’s labor force participation and the quality of women’s labor market opportunities are dual objectives, both contributing to economic growth. Working within this framework, The Hamilton Project’s recent book, entitled The 51%: Driving Growth through Women’s Economic Participation, put forward policies to both increase women’s labor force participation and improve their economic outcomes.
The Brookings Institution’s Hamilton Project calculates that 30% of American immigrants have less than a high school diploma, while 35% have a college degree or higher. Only 22% of Canadian immigrants lack a high school diploma, while more than 46% have gone to college.
A report from the Brookings Institute and the Hamilton Project finds the cost of care to blame for a steady drop in the number of adults who are employed or looking for a job. More than 70 percent of those surveyed in their study said that caregiving kept them out of the workforce. Too often caregivers, who predominantly are women, have to leave their jobs because the burden of family care is not affordable or sustainable. And they often neglect their own health and personal needs.
There is no reason to think, with continued income weakness, that we will not see a similarly discontented electorate in upcoming elections — including because the Trump administration, like its recent predecessors, will not have delivered better household economics. Which suggests volatile voting behavior again. And with a right-wing candidate having won the presidency last year, and voters often seeking the opposite in the next election, don’t be surprised if a distinctly left-wing candidate takes the White House in 2020. President Sanders, anyone?
The majority of Americans share in economic growth through the wages they receive for their labor, rather than through investment income. Unfortunately, many of these workers have fared poorly in recent decades. Since the early 1970s, the hourly inflation-adjusted wages received by the typical worker have barely risen, growing only 0.2% per year. In other words, though the economy has been growing, the primary way most people benefit from that growth has almost completely stalled.
And at a policy forum last week at Stanford University, a group of experts reminded us of some of those reforms. The forum, co-hosted by the Hamilton Project, LeanIn.org, and the Stanford Law School, focused on increasing economic opportunities for women; many of the policy proposals released in conjunction with the event are focused on the kinds of things that are perceived as "women's issues," but of course affect all Americans across the income spectrum: encouraging female labor force participation, increasing the economic security of older women, investing in child care, and establishing a paid parental leave program.
Such disinvestment shows up in my final figure, from a must-read new study on the wage problem from the Brookings Institution’s Hamilton Project. The figure shows the persistent fall-off in labor’s share of income, which predated the last recession. Tightening labor markets have helped to stop the fall, but again, if the job market were really that tight, I’d expect to see this metric climbing back up.
Jay Shambaugh, Director of the Brookings Institution's Hamilton Project, tells Axios that while the Census numbers are a good sign, they don't necessarily indicate that employers are raising pay. "Household income is going to include changes in how much you're working. Even if wages are growing just modestly, you now have people working who were unemployed, or have moved from part- to full-time jobs," he says.
Jay Shambaugh, The Hamilton Project director, sifts through the data to provide a look at what it takes for American workers to get a raise.
In the past decade, real-wage growth has been stronger than during the economic cycles of the 1980s, 1990s and early 2000s, according to a paper the Brookings Institution’s Hamilton Project released Sunday. Inflation-adjusted wages have increased at a 0.82% annual rate since the recession began in late 2007. In contrast, real wages declined in the 1980s, and rose at 0.71% and 0.31% rates, respectively, in the cycles of the 1990s and early 2000s
The millions who don’t show up in the statistics are often overlooked or dismissed because they’re not employed or job seeking. But a fresh analysis by the Brookings Institution’s Hamilton Project reveals why a growing portion of “non-labor-force participants” are deciding work isn’t worth it. Why would anyone, after all, deliberately abandon the one activity that, above all, defines an American’s social status? These individuals seem to have opted out, but often it is the labor system that is turning away from their communities.