In "Retraining Displaced Workers," a working paper written for The Hamilton Project, Robert LaLonde of the University of Chicago and Daniel Sullivan of the Federal Reserve Bank of Chicago proposed increasing federal funding for retraining by extending Pell Grant eligibility to training-ready displaced workers even after they are reemployed.
Adam Looney (email@example.com) is a senior fellow at the Brookings Institution and policy director of The Hamilton Project.
The Hamilton Project, founded by Rubin and based at the Brookings Institution, promotes free capital movements, fiscal balance, and small gestures toward greater equality.
But the Hamilton Project's actual program does not advocate serious new social outlay, nor does it have a kind word for unions, wage regulation, or social norms for trade.
Using the weekly earnings number is fair, said Ryan Nunn, an economist at the Hamilton Project. But the data on average hourly earnings is drawn from a much bigger survey, he added.
A spokesman for Sanders said he was citing a study from the Center for American Progress, a liberal think tank that analyzed the same data as the Hamilton Project and came to largely the same conclusion.
RUBIN The Hamilton Project, 28 pages, free at Hamiltonproject.org
By contrast, the Hamilton Project contends that with more dynamic social assistance for people dislocated by trade, we could have both economic security and efficiency gains of trade.
The Hamilton Project
calls for greater opportunity, but the fine print divulges the principal goal--restoring fiscal balance with a cap on Social Security and Medicare, and dedicating higher tax revenues mainly to budget discipline.