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August 30, 2016 | By Elise Gould | BlogLooking at the most recent data—through the first half of 2016—we see that wage inequality has continued to grow, with top earners faring far better than those in the middle or bottom end of the wage scale.
August 28, 2016 | EPI NewsMaking whole-child education the norm Skills such as critical thinking, persistence, and self-control—which are often called noncognitive skills or social and emotional skills—are vitally important to children’s development. In a new report, EPI’s Emma García and Elaine Weiss outline why and how nurturing these skills should be incorporated into the goals and components of public education. García and Weiss argue that since these skills are linked to academic achievement, productivity and collegiality at work, positive health indicators, and civic participation, they should be an explicit goal of public education.
August 24, 2016 | By Ross Eisenbrey | BlogThe final rule implementing President Obama’s executive order on fair pay and safe workplaces has been issued, along with guidance from the Department of Labor.
August 24, 2016 | EventsOn Wednesday, August 24 at 10:00 a.m. Eastern, the Economic Policy Institute and the Broader, Bolder Approach to Education (BBA) will host a discussion on the growing momentum to make development of a key set of skills—sometimes called non-cognitive skills or social and emotional learning—more central to public education.
August 23, 2016 | By Robert E. Scott | BlogGiven the modestly of net benefits and the large, regressive redistribution of income created by growing trade flows, it is puzzling why TPP is such a priority for the Obama administration—especially when it, like trade agreements before, is quite likely to do disproportionate harm to the people who make up his and his party’s political base.
August 23, 2016 | By Josh Bivens | BlogThere’s no reason today to think we can’t replicate the outcome of the 1990s tight labor markets, we just need to make sure these tight labor markets rest on a solid foundation.
Top 10 H-1B employers are all IT offshore outsourcing firms, costing U.S. workers tens of thousands of jobs
August 22, 2016 | By Ron Hira | BlogThe top 10 H-1B employers all use the program to send American jobs offshore. All of the firms are leaders in using the offshore outsourcing business model to sell information technology (IT) Services.
August 21, 2016 | EPI NewsWhy is recovery taking so long—and who’s to blame? In a new report, EPI’s Josh Bivens writes that slow economic growth after the Great Recession is due primarily to the fiscal policy passed by Republican lawmakers in Congress and austerity-minded state legislators. While the depth and severity of the Great Recession can partially explain why it has taken so long for the economy to fully recover, Bivens argues that the slow recovery is a self-inflicted wound caused by excessively austere fiscal policy, particularly cutbacks in public spending growth.
News from EPI › Halfway through the year, most state labor markets continue at a jog—better to finish at a sprint
August 19, 2016 | By David Cooper | Economic IndicatorsThe July State Employment and Unemployment data, released today by the Bureau of Labor Statistics, paint a similar picture to what we have seen for much of the past year: moderate job growth for the majority of states, with a handful of exceptions scattered throughout the country.
August 18, 2016 | By Ross Eisenbrey | BlogThe Department of Labor has issued an update to its overtime rules that will bring an additional 12.5 million salaried employees under the exemption threshold, the level below which they are guaranteed overtime pay if they work more than 40 hours in a week, regardless of their job title or duties.
August 18, 2016 | By Valerie Wilson | Economic IndicatorsAnalyses of state unemployment rates by race and ethnicity for the most recent quarter build on the monthly state employment numbers by showing state-by-state improvements in prospects for black and Latino workers, yet continued high unemployment relative to whites.
August 18, 2016 | By Hunter Blair | BlogThe Independent Women’s Forum (IWF) recently released a policy agenda purporting to focus on improving women’s lives. The tax policies included are par-for-the-course right-wing talking points focused on lower taxes for the rich.
Black women’s wages are no longer gaining ground on white men’s, and they’re falling further behind white women’s
August 17, 2016 | By Valerie Wilson | Economic SnapshotBlack women have experienced the stagnation of wages along with the vast majority of other Americans. But in addition, they also experience lower pay due to gender and race bias.
August 14, 2016 | EPI NewsThe teacher pay gap is wider than ever In a new report, EPI’s Lawrence Mishel and UC Berkeley’s Sylvia Allegretto write that teachers’ pay continues to fall relative to pay of comparable workers. Teachers made 17 percent less in wages than similar workers in 2015—compared with 1.8 percent less in 1994. This growing pay gap could make it increasingly difficult to recruit and retain high-quality teachers.
August 12, 2016 | By Lawrence Mishel | Video
August 12, 2016 | By Lawrence Mishel | BlogThis post originally appeared in Democracy. This election will be different, not only because of the stark departure of Donald Trump’s candidacy from any usual political convention, but also because the current economic debate is unlike any in recent memory.
August 11, 2016 | By Josh Bivens | ReportWe are enduring one of the slowest economic recoveries in recent history, and the pace can be entirely explained by the fiscal austerity imposed by Republican members of Congress and also legislators and governors at the state level.
August 9, 2016 | By Daniel Costa | BlogWe will probably never get a final answer on this, but the situation raises a more important issue: there is a severe and troubling lack of government regulation, oversight, and enforcement when it comes to U.S. temporary (also known as “nonimmigrant”) visa programs.
August 9, 2016 | By Hunter Blair | BlogRepublican presidential nominee Donald Trump gave an economic policy speech yesterday. Besides peddling his standard trade scam, Trump doubled-down on one of his favorite tax scams, and unveiled an entirely new scam.
August 8, 2016 | By Lawrence Mishel | Press ReleasesDonald Trump fashions himself a populist, but his economic plan just recycles the failed policies of deregulation and massive tax cuts for the rich and corporations.
August 7, 2016 | EPI NewsA financial transaction tax would help Wall Street work for Main Street In a new report, EPI’s Josh Bivens and Hunter Blair write that a financial transaction tax (FTT)—a small levy placed on the sale of stocks, bonds, derivatives, and other investments—would raise between $110 billion to $403 billion in gross revenues annually. They argue that regardless of the level of revenues raised, an FTT would be a win-win for the U.S. economy by ultimately decreasing the fees Americans pay on their investments and shrinking unproductive parts of the financial sector.
August 5, 2016 | By Elise Gould | Economic IndicatorsThis morning’s jobs report showed the economy created 255,000 jobs in July. Aside from the strong payroll numbers, very little changed in key measures.
August 4, 2016 | By Elise Gould | BlogI am cautiously optimistic that the topline payroll numbers in this Friday’s Employment Situation Report will build on June’s positive upturn and come in stronger than the weaker April and May figures.