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Meeting the Challenge of Income Instability
Wednesday, February 28th, 2007
Many American families experience substantial variability in their year-to-year earnings and income, and their economic instability may be greater than in the past due to the consequences of globalization and technology. This hearing will explore the extent of earnings and income instability faced by middle-class families in our dynamic economy and examine policies like wage insurance and income averaging to empower workers to manage both temporary earnings losses and more permanent declines.  Senator Schumer is working with Rep. Jim McDermott (D-WA), Chairman of the Ways and Means Income Security and Family Support Subcommittee, on a wage insurance proposal to be introduced next month.
Opening Statements: Senator Schumer's Opening Statement
  Congresswoman Maloney's Opening Statement
Witness Panel I: The Honorable Peter Orszag, Director, Congressional Budget Office
Witness Panel II: Dr. Lael Brainard, Vice President and Director, Global Economy and Development, The Brookings Institution
  Maurice Emsellem, Public Policy Director, NationalEmployment Law Project
  Prof. Lily Batchelder, Assistant Professor of Law & Public Policy, New York University School of Law
  Dr. Bradley Schiller, Professor, School of Public Affairs, American University
Location: 562 Dirksen Senate Office Building
Time: 9:30 a.m.
Advisory: Joint Economic Committee Announces First Major Hearing on Wage Insurance
Listen to the Hearing