Furthermore, the Black unemployment rate, at 5.8% in August 2023, nearly doubles the national rate of 3.8%. These disparities are reminiscent of a recession, as highlighted by the Economic Policy Institute’s research spanning 1963 to 2012.
Michigan Chronicle
September 5, 2023
The Labor Day Powell’s strike and looming strike authorization vote for OHSU nurses come amid an increased movement to unionize across the United States, with public support for unions reaching a 50-year high, according to the Economic Policy Institute.
KOIN TV Oregon
September 5, 2023
Union activity picked up in 2018 and 2019 when the pooled annual average number of workers involved in major work stoppages reached a 35-year high according to the Economic Policy Institute.
Investopedia
September 5, 2023
Quotes Elise Gould. [Paywall].
Fortune
September 5, 2023
The Economic Policy Institute reports that CEO pay has increased over 1,300% since 1978 – mentioning that the average CEO was paid 351 times as much as a typical worker.
Forbes
September 5, 2023
According to a report from the Economic Policy Institute, in the past two years, at least fourteen (14) states have enacted or proposed laws rolling back child-labor protections they had previously passed which enhanced the federal Fair Labor Standards Act.
Omaha World-Herald
September 5, 2023
Undocumented workers who work in the industry may avoid reporting hazardous conditions over fears they could lose their jobs or be deported, according to a report by the Economic Policy Institute that uses data from the Occupational Safety and Health Administration.
WTOP
September 5, 2023
Improperly compensating Black women isn’t just bad for those of us directly experiencing it, but a risk to the economy at large. As highlighted in work done by the Economic Policy Institute, the devaluation of care work is directly related to anti-blackness and sexism.
Essence
September 5, 2023
A 2019 analysis from the Economic Policy Institute found that companies spent $340 million annually on union-avoiding consultants who helped deter organizers. Employers were also charged with violating federal law in 41.5% of all union election campaigns.
USA Today
September 5, 2023
According to the Economic Policy Institute, Missouri is one of 30 states with a minimum wage exceeding the federal minimum of $7.25 per hour.
Southeast Missourian
September 5, 2023
One study by the Economic Policy Institute estimates there are more than 56,000 domestic workers in the Chicago metro area, the majority of whom are women of color.
WBEZ
September 5, 2023
All in all, the true cost of wage theft amounts to something substantially north of chump change: A 2017 study from the Economic Policy Institute “estimated that low-wage workers lose more than $50 billion annually to wage theft.”
The New Republic
September 5, 2023
Yet according to the Economic Policy Institute, while more jobs were unionized last year, nonunion jobs were added at a faster rate — so the share of union membership remains low.
NC Newsline
September 5, 2023
“I’ve never seen this big of a disconnect between how the economy is actually doing and key polling results about what people think is going on,” said Heidi Shierholz, president of the Economic Policy Institute, a left-leaning think tank in Washington.
New York Times
September 5, 2023
Elise Gould, senior economist for the Economic Policy Institute, said in a report following Friday’s announcement that she was “not particularly concerned about the uptick in unemployment” because of the other positive indicators like reports that wages are up, and increases in key sectors like health care and construction.
Military Times
September 5, 2023
The monthly unemployment data can be “notably volatile,” Elise Gould, an economist with the Economic Policy Institute wrote in commentary Friday.
“I’m hopeful that those upticks were statistical blips,” she wrote. “The unemployment drop was accompanied by an increase in employment, though participation softened as well.”
CNN Business
September 5, 2023
“I am relieved that the Black unemployment rate is coming down; it had been a little elevated a couple of months earlier,” said Elise Gould, senior economist at the Economic Policy Institute. “Hopefully that’s a positive trend.”
CNBC
September 5, 2023
Yet, while the workforce has grown over the last four decades, Wage and Hour’s team of investigators has shrunk from a high of 1,232 in 1978 to 810 at the end of last year, according to the Economic Policy Institute.
American Prospect
September 1, 2023
The push to strengthen the enforcement of labor laws comes on the heels of a push by lawmakers in some states to loosen child labor regulations amid high demand for workers. In the past two years, at least 10 states have introduced or passed laws that ease workplace protections for minors, according to a March report published by the Economic Policy Institute. Mississippi was not among those states.
Associated Press
September 1, 2023
Some experts speculate that the transition to EV could cause massive job losses. The Economic Policy Institute put out a report in September 2021 estimating that it could cost roughly 75,000 U.S. auto industry jobs by 2030, but could also create 150,000 if subsidies were provided to spur domestic production.
In These Times
September 1, 2023
Guests Today: Quincy Krosby of LPL Financial, Elise Gould of the Economic Policy Institute, Michael Lewis of Truist Securities, Steven Meier, New York City Retirement System CIO, Art Hogan of B. Riley Wealth, Kevin Kelly, Kelly ETFS CEO, Nancy Tengler of Laffer Tengler Investments, Alan Binder of Princeton University, Stacy Rasgon of Bernstein Research and Nick Bunker of Indeed.
Bloomberg TV
September 1, 2023
The Economic Policy Institute claims employers routinely underpay farm workers, but federal investigations into this problem have dropped to an all-time low thanks to funding and staffing constraints.
Since 2000, the Labor Department’s Wage and Hour Division, with only 810 investigators to protect 165 million workers, has seen investigations drop by more than 60%.
Agribusiness
September 1, 2023
As the Economic Policy Institute has explained, the FLSA mandates that the DOL set the salary level below which workers qualify for overtime pay –– a hugely important metric, because a too-low threshold that does not account for inflation contributes to wage stagnation for workers
On Labor
September 1, 2023
Under the proposed rules, 27% of full-time salaried workers would get overtime, the Department of Labor estimated.3 As of 2019, 15% were eligible, down from 60% in 1975, according to an analysis by the Economic Policy Institute, a progressive think tank.
Investopedia
September 1, 2023
Wage growth has been particularly strong for low-paid workers since March 2020, when the pandemic shut down the U.S. economy, said Elise Gould, senior economist at the Economic Policy Institute. Because of government stimulus such as expanded unemployment benefits, low-paid workers had a stronger safety net as they looked for better-paying jobs. As a result, many employers have boosted pay during the past three years.
Despite those gains, millions of workers are still struggling to pay the bills, with almost 4 in 10 Americans recently telling the U.S. Census that they were having difficulties meeting their household expenses. Although though pay increase are staying ahead of inflation this year, low- and middle-wage workers have generally not kept up with the cost of living over the prior four decades, according to EPI research.
“Low and middle-wage workers continue to struggle to make ends meet, even thought there have been some gains that we’d love to see continue for lower wage workers,” Gould told CBS MoneyWatch. “Many people have seen very little increase in the last five decades.”
CBS Moneywatch
September 1, 2023
While the drop in job openings was significant, the reduction is due to little turnover, said Elise Gould, a senior economist at The Economic Policy Institute. The elevated amount of job openings observed in the past few years was not necessarily signaling an overheated job market, but rather a higher rate of “churn” as people quit and found new jobs at a faster rate, she said.
However, as that churn declines, so will the number of job openings.
“It’s not because things are necessarily contracting, it’s just normalizing somewhat,” she said of the labor market.
CNBC
September 1, 2023
According to the Economic Policy Institute, the gender pay gap amounts to over $530,000 in lifetime lost wages for an average female worker. But, that number gets far more dramatic when you consider the average female with a college education. She loses nearly $800,000 of income across her career.
Motley Fool
September 1, 2023
Auto employment in the Great Lakes region, while still nearly double that of southern states, has slid 34% in the last two decades to 382,000 workers as of 2021, according to analysis of data from the Bureau of Labor Statistics done by the Economic Policy Institute, a think tank. The decline has been driven in part by Detroit car companies downsizing and by plant closures during the financial crisis in 2008 and 2009.
Wall Street Journal
September 1, 2023
The Economic Policy Institute, in a testimony by Elise Gould in support of the 2023 Fair Wage Act that raises the minimum wage in Maryland to $15 per hour, found that raising the minimum wage advances gender and racial justice.
The Daily Record
September 1, 2023
Paying people a living wage may also boost the economy: The Economic Policy Institute estimated that raising the federal minimum wage to $15 by 2025 could save taxpayers between $13.4 billion and $31.0 billion annually on major public assistance expenditures, all while increasing tax revenues since people are making more money.
Forbes
September 1, 2023