By Area of Research:
May 13, 2015 | EventsOn Wednesday, May 13, 2015 at 11 a.m., join the Economic Policy Institute for a discussion of women and work. Are working women “leaning in” or are we still working toward basic rights at work?
May 5, 2015 | By Josh Bivens | BlogThe White House Council of Economic Advisers (CEA) released a report last Friday touting the benefits of international trade for the American economy.
Raising the Minimum Wage to $12 by 2020 Would Shrink the Wage Gap between Low-Wage Workers and Typical Workers
May 5, 2015 | By David Cooper | Economic snapshotOver the past four decades, much of the growth in inequality has come from the declining value of the federal minimum wage.
May 5, 2015 | By Ross Eisenbrey | Press ReleasesWe are delighted that the Department of Labor has transmitted a proposal for a revised overtime threshold to the Office of Management and Budget for review.
May 4, 2015 | By Colin Gordon | BlogSocial or labor market policies are measured by their reach, their adequacy, and their costs. By these metrics, a minimum wage increase is a slam dunk.
April 30, 2015 | By Ross Eisenbrey | BlogIn 1993, it seemed obvious to me that NAFTA was about one main thing: providing a huge new (and much cheaper) labor force to U.S.
April 29, 2015 | By Richard Rothstein | BlogIn Baltimore in 1910, a black Yale law school graduate purchased a home in a previously all-white neighborhood. The Baltimore city government reacted by adopting a residential segregation ordinance, restricting African Americans to designated blocks.
Stagnant GDP at the Start of 2015 is the Latest Evidence That the Economy Hasn’t Reached Escape Velocity
April 29, 2015 | By Josh Bivens | BlogThe Commerce Department estimates that U.S. gross domestic product was near stagnant in the first three months of 2015, further evidence that the U.S. economy has not reached escape velocity. At a minimum, this means the Federal Reserve should put off interest rate increases for the rest of 2015.
April 28, 2015 | By Ross Eisenbrey | BlogHere are a few recent reports about the grim toll of industrial fatalities and the hazards workers are exposed to every day, from the Cal-OSHA Reporter and other sources.
April 28, 2015 | By Robert E. Scott | BlogLast week, the president claimed that critics who say that the Trans-Pacific Partnership (TPP) “is bad for working families… don’t know what they are talking about.” But the truth is, there is an emerging consensus that globalization has put downward pressure on the wages of most working Americans, and has redistributed income from the bottom to the top.
April 28, 2015 | By Thomas L. Hungerford | Issue BriefOur genuinely pressing spending problem is a decline in spending on public investments relative to our needs, which can reduce future economic growth and contribute to growing inequality.
April 23, 2015 | Fact SheetThis fact sheet draws upon data tables from Raising the Minimum Wage to $12 by 2020 Would Lift Wages for 38 Million American Workers, a forthcoming paper by David Cooper of the Economic Policy Institute.
April 23, 2015 | By Robert E. Scott | Economic snapshotCurrency manipulation distorts trade flows by artificially lowering the cost of U.S. imports and raising the cost of U.S. exports, and is the leading cause of growing U.S.
April 23, 2015 | By Ross Eisenbrey | BlogIt’s a scary thing when powerful government officials misuse their power, and especially when they misuse it to afflict the needy and comfort the comfortable.
April 22, 2015 | By Ross Eisenbrey | BlogRight to Work (RTW) laws weaken unions by depriving them of the funding they need to be effective, and workers, both union and non-union alike, in RTW states have lower wages.
April 22, 2015 | By Josh Bivens | BlogPresident Obama has been vociferously defending the Trans-Pacific Partnership (TPP) recently. He insists that it will be good for the American middle class and that TPP’s critics arguing otherwise are wrong.
April 21, 2015 | By Alyssa Davis | Economic IndicatorsThe March State and Regional Employment and Unemployment report released today by the Bureau of Labor Statistics gives some cause for concern about the pace of the recovery, but it may be too soon to sound the alarm.
The Consequences of Neglecting Manufacturing: Compared with Other Nations, U.S. Has More Import Competition in Leading Export Industries
April 20, 2015 | By Robert E. Scott | Issue BriefThe U.S. trade deficit in its top 30 export industries is a consequence of its toleration of massive currency manipulation over many years by China, Japan, and about 20 other countries, the failure to eliminate widespread tariff and nontariff barriers to U.S. exports, and the failure to develop effective strategies for rebuilding U.S. manufacturing.
April 16, 2015 | By Josh Bivens | Briefing PaperThe Trans-Pacific Partnership will likely constitute one more step toward using commercial agreements to maximize three things: (1) the damage done through global integration to the wages of most American workers; (2) the rents earned by those holding a monopoly on intellectual property claims; and (3) the influence that the preferences of global economic elites have on the policymaking of American trading partners.
April 15, 2015 | By Thomas L. Hungerford | BlogThe House is set today to begin consideration of an ill-conceived bill inappropriately entitled “Death Tax Repeal Act of 2015.” This bill would repeal the estate tax, a tax which only affects estates worth more than $5.4 million—the wealthiest 0.2 percent of estates in the county.
April 15, 2015 | By Thomas L. Hungerford | Economic snapshotRising income inequality has had an adverse impact on tax revenues. Income inequality is rising not only because wage inequality has been rising but also because capital income inequality has been rising.
April 14, 2015 | By Alyssa Davis | BlogToday is Equal Pay Day, a reminder that a significant pay gap still exists between men and women in our country.
April 14, 2015 | By David Cooper | Economic snapshotThe federal minimum wage reached its highest inflation-adjusted value in 1968, when it was worth $9.54 per hour in 2014 dollars.
April 14, 2015 | Fact SheetWages have been stagnant for a generation despite sizable increases in overall productivity, incomes, and wealth. For instance, our nation’s output of goods and services per hour worked (productivity, net of depreciation) grew 64 percent from 1979 to 2014, while the inflation-adjusted hourly wage of the typical worker rose by just 6 percent.1 The single largest factor suppressing wage growth for middle-wage workers has been the erosion of collective bargaining.
April 13, 2015 | By Robert E. Scott | BlogThis post originally appeared in The Huffington Post. This week, Senator Hatch will reportedly introduce “fast track” (trade promotion authority) legislation in the Senate, to help President Obama complete the proposed Trans-Pacific Partnership (TPP), a trade and investment deal with eleven other countries in Asia and the Americas.