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July 25, 2016 | By David Cooper | Economic SnapshotThis week marks the seven-year anniversary of the last time the federal minimum wage was raised, from $6.55 to $7.25 on July 24, 2009.
July 22, 2016 | By David Cooper | State Jobs PictureThe Regional and State Employment and Unemployment Report, released today by the Bureau of Labor Statistics, was generally positive—a nice reversal from the more negative tenor of the last few state jobs reports that suggests the slowdown in job growth in April and May might have only been temporary.
Currency manipulation and manufacturing job loss: Why negotiating “great trade deals” is not the answer
July 21, 2016 | By Robert E. Scott | Policy MemoDonald Trump’s hubristic pledge to save American workers and manufacturing by negotiating “great trade deals” and imposing tariffs on Chinese imports will fail. Here’s what will work.
July 20, 2016 | EPI Newsreport by EPI’s Lawrence Mishel and Jessica Schieder. CEO compensation decreased by 5.1 percent between 2014 and 2015, due largely to a dip in stock market prices in late 2015. Nevertheless, average compensation for top CEOs was still high in 2015, at $15.5 million.
July 15, 2016 | EPI NewsEconomic Snapshot shows that paid internships lead to better employment outcomes than do unpaid internships.
July 12, 2016 | By Daniel Costa | BlogOn Monday, Vox.com published an in-depth interview with presidential candidate Hillary Clinton. A wide range of topics were discussed, but of particular interest were Sec. Clinton’s positions on immigration regarding the impact of immigration on the labor market and the major flaws inherent in America’s temporary foreign worker programs.
July 12, 2016 | By Lawrence Mishel | BlogWages rising faster than the rate of inflation should be the norm in the American economy and should occur all the time, without fanfare and self-congratulation from employers. That wage increases are newsworthy even while unemployment is below five percent is quite telling. Even at such a low unemployment rate, all the power in the employment relationship still rests with employers.
July 11, 2016 | By Ross Eisenbrey | BlogGretchen Carlson is boldly fighting the latest technique employers are using to avoid justice, to get away with sex or race discrimination, and to escape lawsuits for wage theft—putting binding arbitration clauses in employment contracts, which keeps cases out of the state and federal courts and push them into private dispute resolution systems that systematically favor employers.
July 8, 2016 | By Elise Gould | BlogAfter the weakness in payroll job growth the last two months, this month’s Employment Report gives us reason to be optimistic about the future of the economy. Payroll employment grew by 287,000 jobs in June. As I discussed extensively yesterday, this is the kind of job growth that would likely get us to full employment within the next year.
July 8, 2016 | By Elise Gould | Economic IndicatorsIn June, payroll employment grew by 287,000 jobs—an welcome boost after the weakness of the last two months. The June jobs report is the kind we want to see more of.
July 8, 2016 | Economic IndicatorsIn today’s labor market, the unemployment rate drastically understates the weakness of job opportunities. This is due to the existence of a large pool of “missing workers”—potential workers who, because of weak job opportunities, are neither employed nor actively seeking a job.
What to Watch on Jobs Day: Putting employment growth in perspective in advance of Friday’s Jobs Report
July 7, 2016 | By Elise Gould | BlogWhen looking at payroll employment and assessing the strength of job growth, it’s important to keep these benchmarks in mind. Yes, as we get closer to full employment the pace of monthly job growth should slow a bit. But empirical measures still indicate that we should be hoping for substantially faster job growth than we’ve been seeing in recent months.
July 6, 2016 | By Ross Eisenbrey | Economic SnapshotIt’s internship season and offices across the country are filled with interns trying to make a good impression. Do internships lead to jobs?
July 6, 2016 | By Hunter Blair | BlogThe final major pieces of Speaker Paul Ryan’s House GOP tax reform are the changes to the corporate income tax: Pairing a reduction of the corporate income tax to 20 percent along with the 50 percent tax exemption for capital gains, dividends and interest is a spectacular giveaway to the rich.
July 1, 2016 | By Hunter Blair | BlogThe extent to which the House Republican caucus is no longer calling for drastic cuts to top marginal income tax rates is highly exaggerated. They’ve simply traded in their very-apparent tax reductions for less-obvious tax loopholes.
July 1, 2016 | EPI Newsstatement arguing that “Trump’s latest take on trade is a scam.” Mishel pointed out that Trump supports the traditional corporate agenda of tax cuts for corporations and the rich—and noted that Trump has neglected to acknowledge the Republican Party’s leading role in disempowering workers over the last four decades. Mishel’s response was featured in articles in the Washington Post and the American Prospect.
June 30, 2016 | EventsThe Economic Policy Institute invites you to an important forum outlining innovative strategies that are employed in the fight for economic justice.
June 29, 2016 | By Lawrence Mishel | BlogTrump’s latest take on trade is a scam. He claims to be offering a path for workers, but is actually just offering mostly empty boxes on trade. What exactly is he trying to accomplish with renegotiated trade deals? And if his so keen to help working people, why does he then steer the discussion back toward the traditional corporate agenda of tax cuts for corporations and the rich? Some pro-worker, anti-elite populist Trump is.
June 29, 2016 | By Hunter Blair | BlogPaul Ryan has decided that the House GOP should take tax advice from noted fiscal policy experts Sam Brownback and Donald Trump. Specifically, Ryan’s House GOP tax reform agenda creates a new loophole for “pass-through” income. Pass-through entities are businesses whose incomes are not taxed at the corporate level, but instead “passed through” entirely to the business owners and then taxed at their individual income tax levels.
June 28, 2016 | By Daniel Costa | VideoA panel of immigration and public policy experts discussed the impact that immigration has on employment and wages. The discussion was based on a report from the Bipartisan Policy Center’s Immigration Policy Project.
June 28, 2016 | By Robert E. Scott | BlogBrexit is a moment of crisis for the global economy, one which demands a fundamental re-examination of our core values. It is time to develop alternatives to the current model of globalization, which benefits only those who are most well-off in our society.
June 28, 2016 | EventsJoin Social Security Works at the Economic Policy Institute for a panel on expanding Social Security. As seen in the New York Times, Social Security expansion is part of a strong and growing movement in America and will play a crucial role in the 2016 election.
June 24, 2016 | EPI NewsEconomic Snapshot shows that the average hotel housekeeper cannot afford the price of a hotel room with her day’s wages.
Supreme Court immigration decision means millions of workers will be deprived of crucial labor protections
June 23, 2016 | By Daniel Costa | BlogThis morning the Supreme Court of the United States issued its decision in United States v. Texas, the State of Texas’s challenge to the most significant of the executive immigration actions—known as the DAPA and DACA+ initiatives—which were announced by President Obama on November 20, 2014.
June 23, 2016 | By Ross Eisenbrey | TestimonyThank you for inviting me to testify today. I am Ross Eisenbrey, the vice president of the Economic Policy Institute, a nonprofit, nonpartisan think tank created in 1986 to include the needs of low- and middle-income workers in economic policy discussions.
June 21, 2016 | EventsWho: Ann O’Leary, senior policy advisor to the Hillary Clinton campaign Jacob Hacker, professor of political science at Yale and co-author of American Amnesia Yuval Levin, editor of National Affairs and author of Fractured Republic EJ Dionne, columnist with the Washington Post and author of Why the Right Went Wrong Christian Dorsey of the Economic Policy Institute Where: Economic Policy Institute 1225 Eye Street, N.W.