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March 15, 2017 | EventsEPI is presenting a new report that outlines the connections between mass incarceration and racial achievement gaps. As many as one-in-four African American students has a parent who is or has been incarcerated, and the discriminatory incarceration of African American parents has damaging consequences for children in school.
March 1, 2017 | EventsThe Economic Policy Institute is pleased to host Tressie McMillan Cottom as she presents her book, Lower Ed: The Troubling Rise of For-Profit Colleges in the New Economy.
February 22, 2017 | By Dianne Stewart | Blog78 percent of baby boomers are more afraid of retirement than of death. Sound extreme? Not really. The median retirement savings for near-retirement households is $14,500.
February 21, 2017 | By Ross Eisenbrey | TestimonyEPI’s Ross Eisenbrey delivered the following testimony before the Maryland House Economic Matters Committee on Tuesday, February 21, 2017 at 1:00 p.m.
February 19, 2017 | EPI NewsHousing discrimination swelled the racial wealth gap In a new article, EPI Economic Analyst Janelle Jones writes that the racial wealth gap is much larger than the wage or income gap. A median white family had 12 times as much wealth as a median black family in 2013. Given that house equity makes up about two-thirds of all wealth for the typical family, the racial wealth gap can be traced to discriminatory housing policies and their aftermath, which have deprived blacks of the same opportunities to build housing wealth.
February 17, 2017 | By Janelle Jones | Economic SnapshotI recently wrote about how destructive social policy has created and maintained the racial wealth gap leaving African-Americans without the materials to build wealth.
February 16, 2017 | By Ross Eisenbrey | Press ReleasesIt is encouraging to see that the New Hampshire House of Representatives voted down an attempt to make New Hampshire a freeloader state.
February 16, 2017 | By Heidi Shierholz | TestimonyEPI Senior Economist and Director of Policy Heidi Shierholz sent the following letter to the House Committee on Education and the Workforce, Subcommittee on Workforce Protections on February 16th, 2017.
February 15, 2017 | By Monique Morrissey | BlogWhile the headlines are dominated by White House leaks and personnel scandals, the Trump administration and Republicans in Congress have been quietly helping the financial industry siphon off your retirement savings
News from EPI › President Trump should nominate a labor secretary who will look out for working people
February 15, 2017 | By Heidi Shierholz | Press ReleasesThis afternoon, it was reported that Andrew Puzder will withdraw his nomination to be secretary of labor. This is welcome news for working people.
February 15, 2017 | By Jeffrey H. Keefe | ReportPublic school teachers earn 16.8 percent less in weekly wages and 12.5 percent less in weekly total compensation (wages and benefits) than other full-time workers in New Jersey. An analysis of hourly compensation shows that teachers earn 13.7 percent less in wages and 9.4 percent less in total compensation.
February 14, 2017 | By Heidi Shierholz | Press ReleasesTomorrow, the Senate Committee on Health, Education, Labor, and Pensions will hear testimony from Andrew Puzder, President Trump’s nominee to be secretary of labor.
Brad DeLong is far too lenient on trade policy’s role in generating economic distress for American workers
February 14, 2017 | By Josh Bivens | BlogAmerican workers (and the policy wonks who criticize current trade policy on their behalf) are correct to think that the integration of the U.S. economy and the global economy has been done on terms that are bad for many—if not most—of them.
The racial wealth gap: How African-Americans have been shortchanged out of the materials to build wealth
February 13, 2017 | By Janelle Jones | BlogWealth is a crucially important measure of economic health. Wealth allows families to transfer income earned in the past to meet spending demands in the future, such as by building up savings to finance a child’s college education.
February 12, 2017 | EPI NewsEconomic recovery is still leaving too many African American communities behind According to an analysis by EPI’s Janelle Jones, unemployment dropped in 35 states in the fourth quarter of 2016, yet the African American unemployment rate exceeds the white unemployment rate in every state where black unemployment rates can be computed. The black unemployment rate was highest in the District of Columbia (13.0 percent). The white unemployment rate was highest in West Virginia (5.3 percent), which has had the highest white unemployment rate for seven consecutive quarters.
February 10, 2017 | By Gordon Lafer | BlogWisconsin Governor Scott Walker recently visited the White House, prompting speculation that the Trump administration might be looking to follow Walker’s model of anti-unionism.
February 9, 2017 | By David Cooper | BlogValentine’s Day is next week, and with it one of their busiest days of the year for America’s restaurant workers. For the servers and bartenders who rely on tips for the bulk of their income, the influx of couples celebrating romance with extravagant meals and expensive bills holds the promise of a nice payout. Unfortunately, for restaurant staff in most states, their windfall may not be as big as it seems
February 8, 2017 | By Celine McNicholas | BlogPresident Trump’s insistence on advancing Puzder as his nominee for labor secretary reveals that his agenda is to pursue an economy that works great for corporate owners and those at top, but does not work for low-and middle- income families.
State unemployment rates by race and ethnicity at the end of 2016 show progress but not yet full recovery
February 8, 2017 | By Janelle Jones | Economic IndicatorsIn December 2016, the national unemployment rate was 4.7 percent, down from 4.9 percent at the beginning of the year. In the fourth quarter of 2016, 35 states saw their unemployment rates decrease.
February 7, 2017 | By Robert E. Scott | BlogThe small increase in the overall goods and services trade deficit, and its downward trend over the past decade, mask important structural shifts in U.S. trade.
February 7, 2017 | By Ross Eisenbrey | BlogBy now, anyone following Andrew Puzder’s nomination to be the secretary of labor knows that the restaurant chain he leads has a long history of cheating its workers out of wages they earned.
February 6, 2017 | EPI NewsRepealing the Affordable Care Act would cost jobs in every state In a new report, EPI’s Josh Bivens finds that repealing the Affordable Care Act (ACA) would cost the economy nearly 1.2 million jobs in 2019, with jobs lost in every state. The report looks at the effects of cuts to both spending and taxes that would occur under a full repeal. See how repealing the ACA would impact your state.
Don’t fix what isn’t broken: Why Betsy DeVos’ radical agenda for U.S. public education makes no sense
February 6, 2017 | By Elaine Weiss | BlogAs the Senate prepares to vote on the nomination of Betsy DeVos, President Trump’s pick for secretary of education, it is critical to confront a key (but not always explicit) assumption.
News from EPI › President Trump sides with unscrupulous financial advisors who want to continue fleecing their clients
February 3, 2017 | By Heidi Shierholz | Press ReleasesToday, President Trump ordered the Labor Department to needlessly re-examine an Obama administration rule that would require those who provide retirement investment advice to put the interest of their client ahead of their own.
February 3, 2017 | By Ross Eisenbrey | BlogThe University of Michigan can afford to make its top school’s assistant coaches millionaires. Why then can’t it then pay overtime to its postdoctoral researchers?
February 3, 2017 | By Elise Gould | Jobs PictureThe Bureau of Labor Statistics announced today that the economy added 227,000 jobs in January, capping off more than six years of steady job growth under President Obama.
Puzder’s anti-worker positions disqualify him from serving as labor secretary: Here is a partial list of the worker protections that Puzder’s policies would undermine
February 2, 2017 | By Celine McNicholas | Policy MemoAt this moment, we have a nominee for secretary of labor whose record and policy positions on key policies are bad for American workers and should disqualify him from serving as secretary of labor.
February 1, 2017 | By Elise Gould | BlogBy all measures, the labor market is on the road to (but not yet arrived at) full employment. Further, the economy the Trump administration has inherited shows no obvious risks like a wildly overvalued stock or housing market, as such there’s no particular reason to expect it to be thrown off track.