Have an idea that will create jobs but not cost money?

The Hamilton Project at the Brookings Institution wants to hear about it.  You may even get a prize:

The Hamilton Project at the Brookings Institution has launched a prize competition to generate new thinking about ways to create jobs and enhance productivity. 

The 2011 Hamilton Project Policy Innovation Prize is open to academic, business and policy professionals who can demonstrate an original policy solution for increasing employment and productivity within two years of its implementation.  The winning proposals will be evidence-based and also take into account the economic reality of federal and state budget constraints.

The Project will award $25,000 in cash prizes, with the winner receiving $15,000 and the runners up dividing the remaining $10,000.  The full prize announcement can be found at: http://www.brookings.edu/projects/hamiltonproject/prize.aspx.

Just don’t say “cut red tape.” 

Not because you will be wrong necessarily, but because you will be in crowded company.  

Comments

[Sandwichman]

Note that the entry deadline is April 1!

[Hughsansom]

The catch, of course, is "original". There is already an proven policy -- workshare. But for reasons unclear to me (I should say, for non-skeptical, non-cynical reasons unknown to me), the idea of workshare is anathema in the US.

The cynical side of me says that the United States has used -- intentionally -- unemployment as a means of manipulating Americans for at least 30 years. Most in Washington and corporate boardrooms don't want unemployment to return to its "normal" level.

[Zach]

Well, you could place a steep tax on robotics, but A)that still costs somebody, B)would take awhile to be effective, and C)would go against Mr. Martyn's decree.

Another idea I had a few years ago was to count TARP money as payment for student loans. That way, the banks got their money, the federal government wasn't tasked for any additional funds than it had already promised to give, and huge numbers of Americans in their 20s, 30s, and 40s would be liberated from a debt burden that can't be discharged through bankruptcy. Since the late 20s and 30s are the prime demographic for large purchases (houses, furniture for houses, cars, etc) and childbearing, this would have immediately sparked considerable demand for durable goods. Moreover, since parents also take out loans, a forgiveness program would have eased burden on a boomer generation that is now entering retirement.

The only obstacle here is that, perhaps sensing their vulnerability here, Wall Street banks sold their student loans to regional "non-profit" entities expressely set up to manage them.

I still think you could do something retro-active...

...in any case, a much stronger role for the state in education is clearly an idea whose implementation is long overdue.

[KD0IMH]

Does it strike anyone else as unfortunate that the competition excludes students? It's open only to "professionals." I'd love to give this as a project to some of our students active in Students in Free Enterprise (SIFE).

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