By Area of Research:
August 27, 2015 | By Ross Eisenbrey | BlogThe Obama administration’s decision to require fair pay and protection against excessive work hours for nearly two million (mostly female) caregivers who have struggled to earn enough to make ends meet was not a power grab—it was a caring Labor Department using the authority Congress gave it to protect some of the most vulnerable workers in the United States.
August 26, 2015 | By Josh Bivens | BlogRecent volatility in stock markets in the U.S. and globally has led many economic observers to conclude that the Federal Reserve is less likely to begin raising short-term interest rates at its September meetings. I’ve been on Team Don’t Raise for a while now, but I’m not excited about those joining the cause in light of recent stock market swings.
August 26, 2015 | By Richard Rothstein | MultimediaAppearing on NBC’s “Today,” EPI’s Richard Rothstein explained that parents need regular work schedules so their children can have regular bedtimes and mealtimes and be enrolled in regularly scheduled early childhood programs.
August 25, 2015 | Fact SheetLabor Day is a time to honor America’s workers and their contributions to the economy. Unfortunately, while the nation as a whole continues to recover from the Great Recession, the recovery remains incomplete; its benefits have not yet reached many Americans in important ways.
August 24, 2015 | By Josh Bivens | BlogThe stock market has taken a hit in the past few days, with concern over the Chinese economy driving a big selloff. How worried should we be? The short answer is: not very.
August 24, 2015 | EventsOn Monday, August 24 at 12pm EDT, workers, economists and experts from the Fed Up campaign will discuss the coalition’s upcoming visit to Jackson Hole, Wyo.
August 21, 2015 | By David Cooper | State Jobs PictureThe July State Employment and Unemployment report, released today by the Bureau of Labor Statistics, was remarkable only for its consistency: most states added jobs at the same decent pace that has become the norm over the past few years—strong enough to not cause alarm, but too weak to quickly drive down unemployment.
August 21, 2015 | By Michael Hancock | BlogPresident Obama recently announced a major overhaul of the rules governing the payment of overtime to salaried employees. These changes are long overdue and will finally align the overtime exemption for salaried employees with common sense and the original intention of the law—to ensure that all workers receive overtime protection except those with such high salaries or such substantial responsibilities that they don’t need the protections.
August 19, 2015 | By Josh Bivens | BlogCatherine Rampell wrote a piece having some fun with the bidding war among GOP candidates about how much they can promise to raise economic growth rates.
are directly responsible for the loss of 5 million U.S. manufacturing jobs.
August 17, 2015 | By Jeff Faux | BlogThis post originally appeared in The Huffington Post. After forty years of rising income and wealth inequality, some of America’s rich seem worried that maybe things have gone too far.
Congress Must Act to Save the 190,000 to 640,000 U.S. Jobs at Risk Due to Chinese Currency Devaluation
August 17, 2015 | By Robert E. Scott | BlogCongress should take advantage of the groundswell of bipartisan concern about the negative impacts of the devaluation of the yuan to pass new laws and resolutions.
August 14, 2015 | By Josh Bivens | BlogIn the Washington Post Fact Checker column today, Glenn Kessler got really exercised about Bernie Sanders’ totally accurate description of a Congressional Budget Office (CBO) report on job losses that will occur if spending caps in the Budget Control Act (BCA) are not loosened in coming years.
August 14, 2015 | By Monique Morrissey | BlogEighty years ago today, President Franklin D. Roosevelt signed the Social Security Act into law. Four and a half years later—after the German invasion of Poland but still two years before Pearl Harbor propelled the United States into war—65-year-old Ida May Fuller received the first Social Security check for $22.54. She would live to be 100 years old.
August 13, 2015 | By Richard Rothstein | MultimediaFor the first anniversary of the Ferguson uprising, EPI’s Richard Rothstein addressed the Changing America One Community at a Time Conference in St.Louis to discuss how race-conscious public policy created segregation and concentrated poverty.
August 12, 2015 | LetterTell the Department of Labor to stand up to corporate interests. Add your name below and join the Economic Policy Institute in telling the Department of Labor not to delay overtime pay one day more.
August 12, 2015 | By Robert E. Scott | BlogBy choosing to devalue its currency, Chinese officials are trying to solve their domestic economic problems by exporting unemployment to the rest of the world. The United States will be hardest hit by the devaluation of the yuan.
August 12, 2015 | By Alyssa Davis | BlogSo far this year, job growth has been steady as the economy has continued to slowly chug along. This morning’s Job Openings and Labor Turnover Survey (JOLTS) report supports that story and rounds out our knowledge of the employment situation for June.
August 11, 2015 | By Daniel Costa | BlogThe reality is that what Sanders supports on immigration is careful and nuanced, and it’s the correct path forward for American immigration policy. In a nutshell, Sanders is strongly in favor of legalization and citizenship for the current unauthorized immigrant population, which will raise wages and lift labor standards for all workers, and he’s against expanding U.S. temporary foreign worker programs, which allow employers to exploit and underpay so-called guestworkers.
August 11, 2015 | By Christian Dorsey | MultimediaEPI’s Director of Government & External Affairs Christian Dorsey joined Fox Business’ “Closing Bell” to discuss Hillary Clinton’s new student loan and college plan.
August 11, 2015 | By Robert E. Scott | Issue BriefThe United States lost 5 million manufacturing jobs between January 2000 and December 2014 due to growing trade deficits in manufacturing products prior to the Great Recession and then the massive output collapse during the Great Recession.
Slow Wage Growth is Certainly Not a Sign of the “Some Further Improvement” Needed for the Fed to Raise Rates
August 7, 2015 | By Elise Gould | BlogArguably, the most important measure for the Federal Reserve as they decide whether to raise rates in September is nominal average hourly earnings.
August 7, 2015 | By Elise Gould | BlogMy former colleague, Heidi Shierholz, used to call the prime-age employment-to-population ratio (EPOP) her desert island measure, if she could only take one with her.
News from EPI › Fed Decisions Should Be Data Driven. The Data Indicate it’s Not Time to Raise Rates.
August 7, 2015 | By Elise Gould | Jobs PictureAll throughout its discussions of if and when they will raise interest rates, Federal Reserve officials have insisted that their decisions will be “data driven.” This is, of course, the right approach.
August 6, 2015 | By Elise Gould | BlogThe White House is reportedly considering an executive order that would require that federal contractors provide their employees with seven days of paid sick leave.
August 6, 2015 | By Claire Sleigh | BlogThe federal minimum wage has languished at $7.25 since 2009. As inflation erodes the real value of the federal minimum, twenty nine states (and D.C.) have taken it upon themselves to raise their state minimum wages.