By Area of Research:
July 4, 2015 | By Lawrence Mishel | BlogGlenn Hubbard, a leading conservative economist and key adviser to GOP candidate Jeb Bush, does not seem to believe there is a wage stagnation problem.
July 3, 2015 | By Josh Bivens | BlogThe overtime rules the Obama administration announced Tuesday target genuine problems that middle-wage households face. They also do not require approval from Congress.
July 2, 2015 | By Elise Gould | BlogAverage hourly earnings held steady between May and June at $24.95 per hour, a paltry increase of 2.0 percent over June 2014.
July 2, 2015 | By Elise Gould | BlogWhile job growth was decent in June (though the downward revisions to April and May were disappointing), the news on unemployment was actually less welcome.
July 2, 2015 | By Valerie Wilson | BlogSummer is typically the time of year when we see the highest rates of employment for teens — young people between the ages of 16 and 19.
July 2, 2015 | By Ross Eisenbrey | AudioEPI vice president Ross Eisenbrey joined NPR’s “On Point” to discuss the new overtime salary threshold, and what it means for American workers.
News from EPI › The Jobs Report is a Sign that the Economy Is Continuing to Leave Workers High and Dry
July 2, 2015 | By Elise Gould | Economic IndicatorsIn June, the economy added a disappointing 223,000 payroll jobs and the more optimistic gains for May were substantially revised downwards from 280,000 to 254,000, on top of downward revisions for April.
July 1, 2015 | By Monique Morrissey | BlogAre disability benefits becoming more generous? The average benefit awarded is roughly a third of the average wage, a ratio that has remained essentially unchanged since 1985. And as Harvard economist Jeffrey Liebman points out, rising inequality and other factors have reduced the value of disability benefits relative to productivity per worker.
$16.3 million in 2014, or 997 percent, a rise almost double stock market growth.
July 1, 2015 | By Elise Gould | BlogAre we there? No. Are we moving in the right direction? Yes. How will we know when we get there? See below.
June 30, 2015 | Fact SheetHardworking, middle-class Americans have seen their wages stagnate in recent years, while for the most part, the benefits of the economic recovery have gone to the wealthy few.
June 30, 2015 | By Caroline Fredrickson | BlogA lot has changed since 1975. The Soviet Union collapsed, we fought (and are fighting still) several wars in the Middle East, same-sex marriage is now legal across the United States, we have our first African-American President, we have the internet.
June 30, 2015 | By Ross Eisenbrey | BlogToday, the Department of Labor announced that it will raise the overtime salary threshold from $23,660 to $50,440. This higher threshold will guarantee 15 million more workers overtime pay on the basis of their salary alone, in addition to the 3.4 million workers who are already guaranteed overtime pay.
News from EPI › Win for Working Americans: Updating Overtime Pay Rules Will Raise Wages for Millions
June 30, 2015 | By Ross Eisenbrey | Press ReleasesThis morning, the Department of Labor announced that it will raise the threshold under which all workers are eligible for overtime pay to $50,440.
June 30, 2015 | Fact SheetAmericans are working longer hours and are more productive–yet wages are largely flat. Indeed, the median worker saw a real (inflation-adjusted) hourly wage increase of just 6.1 percent between 1979 and 2013, despite overall productivity growth of 64.9 percent.
June 29, 2015 | By Monique Morrissey | BlogA closer look at the evidence shows that SSDI benefits have become, if anything, less generous. Moreover, even research cited by critics shows SSDI receipt has a negligible impact on work effort because few applicants, including marginal applicants who were denied benefits, are able to earn a living afterward.
2014 analysis, former EPI economist Heidi Shierholz estimated the share of salaried workers who were covered by the overtime salary threshold in 1975 and in 2013. Now, in updating this analysis, we want to be as precise as possible in identifying the workers who will be affected by the updated salary threshold rule.
June 26, 2015 | By Daniel Costa | BlogOn World Refugee Day, The Hill published a Contributors piece by the libertarian Cato Institute’s immigration policy analyst, Alex Nowrasteh, headlined, “The US should be a home for refugees.” In it, he offers a brief history of refugee policy and flows into the United States over the past century and suggests that the United States “should … allow more to settle here.” That’s a noble sentiment, but the headline is misleading because it leaves out the substance of what Nowrasteh proposes in order to help make this happen.
June 24, 2015 | By Emma García | BlogThat early education inequalities are a reflection of economic inequalities raises serious concerns about the presumed relationship between education and social mobility. It also calls into question the claim that we can reduce income inequality if we just focus more on education.
June 23, 2015 | By Robert E. Scott | BlogFast-track trade legislation is the first step in the process of greasing the skids for the proposed Trans-Pacific Partnership (TPP), and any other trade deal proposed by this president or any other for the next six years. Last month, the 13 democrats listed in the table below voted to end debate on fast track (Trade Promotion Authority, or TPA), allowing a final vote to take pace. There are strong arguments against the TPP, which will increase inequality and hurt the middle class.
Testimony before the New York State Department of Labor Wage Board: Hearing on Increasing the Minimum Wage in the Fast-Food Industry
June 22, 2015 | By David Cooper | TestimonyThe following is the testimony of David Cooper, EPI senior economic analyst, in a hearing before the New York State Department of Labor Wage Board in Albany, N.Y.
June 22, 2015 | By Lawrence Mishel | BlogThe reason to focus on the CEO pay of the largest firms is that they employ a large number of workers, are the leaders of the business community, and set the standards for pay in the executive pay market and probably in the nonprofit sector as well (e.g., hospitals, universities).
June 22, 2015 | By Mark Simon | TestimonyThe following is the testimony of Mark Simon, EPI research associate, in a hearing before the DC Council’s Education committee on the National Research council of the National Academies Summary Report: “An Evaluation of the Public Schools of the District of Columbia: Reform in a Changing Landscape” on Monday, June 22, 2015.
June 19, 2015 | By David Cooper | State Jobs PictureThe Bureau of Labor Statistic’s May State Employment and Unemployment report showed most states continued on the generally positive—albeit somewhat unremarkable—track they’ve been on for the past year.
June 18, 2015 | By Robert E. Scott | BlogIn a jointly authored statement, former EPI board members and U.S. Labor Secretaries F. Ray Marshall and Robert Reich called on Congress to reject Trade Promotion Authority and the Trans-Pacific Partnership because that deal will “harm America’s working people.” Despite this statement, the House today approved a truncated version of Fast Track (TPA) that excludes funding for Trade Adjustment Assistance for displaced workers.