Hamilton Project

The Hamilton Project is an economic research group and think tank within the Brookings Institution.[1][2] It was originally launched in 2006, toward the end of the George W. Bush presidency, by former Clinton administration economists. It went dormant after Barack Obama assumed office in 2009, because many of its members left to work for the White House, but in 2010, it was relaunched with Michael Greenstone as the new director.[3][4]

The Brookings Institution was mentioned as coming up with two proposals for the Hamilton Project that foresees reforms regarding public and corporate policies. These can serve as protection for workers against adverse effects of non-compete agreements or non-competing clause (NCC) as well as other labor market customs that are known as not supporting competition. Among these experts (authors) in this field are Matt Marx, a professor at Boston University, Eric Posner (law professor), and Alan Kreuger (economist)[5].

The cause is attributed by these thinkers to “Monopsony Power” which occurs when employers control the labor market. It is cited as a monopoly in economics. This kind of employer has the capacity to keep wages under the equilibrium level. According to economic models, the monopsonist has the option of not reducing labor demand in answer to slight increase in price[6].

References

  1. ↑ Irwin, Neil (22 April 2015). "Why American Workers Without Much Education Are Being Hammered". New York Times. Retrieved 8 August 2016.
  2. ↑ Kadlec, Dan (25 June 2015). "This Problem Is Unexpectedly Crushing Many Retirement Dreams". Time. Retrieved 8 August 2016.
  3. ↑ "About". Hamilton Project website. Retrieved 8 August 2016.
  4. ↑ Irwin, Neil (21 April 2010). "Brookings Institution-based Hamilton Project relaunches". Washington Post. Retrieved 8 August 2016.
  5. ↑ "Hamilton Project Archives | CEB Talent Daily". CEB Talent Daily. Retrieved 2018-05-31.
  6. ↑ Ozimek, Adam. "Where Is The Monopsony Power?". Forbes. Retrieved 2018-05-31.
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