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December 5, 2016 | By Lonnie Golden | ReportAn ongoing structural shift toward more intensive use of part-time employment by many employers is driving the elevated rate of involuntary part-time work.
December 4, 2016 | EPI NewsGrowth of charter schools has increased inequality in education In a new EPI report, Rutgers University professor Bruce Baker finds that charter school expansion has exacerbated inequities in education. In his study of 11 city school systems, Baker finds, in most cases, the non-charter public schools have received fewer resources due to charter school expansion. Also, he finds that many leading charter operators have been charged with conflicts-of-interest and financial malfeasance. Baker recommends communities hold charter operators publicly accountable and consider the cost and benefits to the community and to the greater public good.
December 2, 2016 | By Elise Gould | BlogPlease don’t be distracted by the drop in the unemployment rate today to 4.6 percent—which, incidentally, fell largely because of a drop in labor force participation.
December 2, 2016 | By Elise Gould | Economic IndicatorsToday’s jobs report shows that the economy continues to move in the right direction. Payroll employment increased by 178,000 jobs, and nominal wages grew 2.5 percent over the year.
December 1, 2016 | By Ross Eisenbrey | BlogThe decision of a judge in Texas to block the Department of Labor’s new regulations guaranteeing overtime pay to millions of workers is more than just bad law. It is also a financial blow to people who had every reason to expect that their lives were about to be made a little easier.
What to Watch on Jobs Day: The economy is still moving towards full employment. The Fed should keep their foot off the brake so it can get there.
December 1, 2016 | By Elise Gould | BlogFriday is the last Jobs Report before the Federal Reserve’s final meeting of the year, when they decide whether to hold the course or raise rates.
The moral of the Trump/Carrier deal is clear: if you’re useful to Trump, he might be willing to throw other workers overboard to help you
December 1, 2016 | By Josh Bivens | BlogDonald Trump is getting lots of mileage out of the alleged deal that has been struck to keep a Carrier plant from moving to Mexico from Indiana.
November 30, 2016 | By Ross Eisenbrey | BlogJudge Amos Mazzant’s opinion to block the Department of Labor’s new overtime rule is poorly reasoned and factually inaccurate. Judge Mazzant does not know the history of the Fair Labor Standards Act and he appears not to understand Chevron deference, a rule constructed by the U.S. Supreme Court to guide judicial review of federal agency regulatory decisions.
November 30, 2016 | By Jeff Faux | ReportAnger over the impact of international trade on jobs, wages, and opportunities was a major cause of Donald Trump’s election. As the Democratic Party’s politicians and pundits search through the rubble of Hillary Clinton’s candidacy for clues to her stunning loss, they need to take an honest look at their own contribution.
November 30, 2016 | By Bruce D. Baker | ReportSome communities look at claims of miraculous proficiency rates or heed reports of long waiting lists for charter schools and conclude that chartering is the way to go. But if the broad, long-term policy objective is to move toward the provision of a “system of great schools” that produces an equitable distribution of excellent (or at the very least adequate) educational opportunities for all children, chartering must pass a much more thoughtful examination. Other reports have shown how high test scores and popularity of charter schools could be the byproducts of using data from cherry-picked charter schools that serve cherry-picked or culled populations. This report adds further insights for the debate on how expanding charter schools as a policy alternative achieves the broader goal. Specifically, it shows that charter expansion may increase inequity, introduce inefficiencies and redundancies, compromise financial stability, and introduce other objectionable distortions to the system that impede delivery of an equitable distribution of excellent or at least adequate education to all children. By shedding light on the risks of charter expansion, it provides elements for a decision-making process that weighs the costs against expected benefits. The report concludes with a checklist of items decision-makers must consider when evaluating charter expansion in their communities.
November 29, 2016 | By Janelle Jones | Economic IndicatorsThe following is an overview of racial unemployment rates and racial unemployment rate gaps by state for the third quarter of 2016. We provide this analysis on a quarterly basis in order to generate a sample size large enough to create reliable estimates of unemployment rates by race at the state level.
November 29, 2016 | By Elise Gould | TestimonyEPI Senior Economist Elise Gould delivered the following testimony before the Council of the District of Columbia Subcommittee on Workforce on November 29, 2016.
November 29, 2016 | By Lawrence Mishel | Press ReleasesToday, working people across the country, from fast food workers to adjunct professors, are striking and demonstrating in favor of a $15 minimum wage—the largest demonstration in the history of the Fight for $15 movement, which has invigorated the debate over raising the minimum wage and helped make a $15 minimum wage and a union the standard for people who care about an economy that works for everyone.
November 27, 2016 | EPI NewsJudge stops millions of workers from getting a raise Responding to requests from business interests, a United States District Court in Texas issued an injunction putting the Obama administration’s updates to the overtime pay rule on hold, dashing the hopes of millions of workers who were poised to get paid for overtime work. EPI’s Ross Eisenbrey released a statement on the ruling, calling it “a blow to those Americans who care deeply about raising wages and lessening inequality.”
November 23, 2016 | By Josh Bivens | BlogAcross a broad range of crucial issues, the incoming Trump administration appears likely to betray the promises he made to the American middle class. Here’s a rough sketch of how.
November 22, 2016 | By Ross Eisenbrey | Press ReleasesThis evening, a United States District Court in Texas issued an injunction against the Obama administration’s changes to the overtime rule, arguing the Labor Department does not have the authority it has exercised since 1938, under 10 presidents, including FDR and George W.
November 20, 2016 | EPI NewsLowering taxes on the rich is the wrong way to go In a new report, EPI’s Josh Bivens and Hunter Blair identify three key fiscal challenges facing the nation—locking in full employment, paying for health care, and stopping the rise of inequality—that can be addressed with progressive tax increases. Progressive tax increases provide less drag on economic recovery than spending cuts or other tax increases, while providing the revenue needed to finance current and future commitments to social insurance and other measures to promote more-equal growth.
November 18, 2016 | By Janelle Jones | State Jobs PictureThe October State Employment and Regional Employment data, released today by the Bureau of Labor Statistics, show state labor markets have mostly continued their trend towards economic recovery.
November 17, 2016 | By Ross Eisenbrey | Economic SnapshotThe Department of Labor’s new overtime rule, which takes effect on December 1, significantly increases the number of people who qualify for time-and-a-half pay for any hours they work beyond 40 in a week.
November 17, 2016 | EventsThe next president of the United States, regardless of who wins the election, is expected to pursue corporate tax reform in their first one hundred days.
November 15, 2016 | By Ross Eisenbrey | BlogCBO released a report on the economic impact of repealing the Department of Labor’s new overtime rule, which raises the salary level for exemption from $23,660 a year to $47,476, thereby making about 4 million employees newly eligible for overtime pay and strengthening the right to overtime pay for about 8.5 million more.
News from EPI › Repealing the overtime rule will lower salaries of working class Americans and increase inequality
November 14, 2016 | By Ross Eisenbrey | Press ReleasesThe latest CBO analysis of the impending update to the overtime rule concludes that repealing the rule change would increase inequality, lower the incomes and increase the hours of almost a million workers, and do nothing to increase employment.
November 13, 2016 | EPI NewsHow will a Trump administration lift wages? EPI’s Lawrence Mishel called on President-elect Donald Trump to enact policies that lift wages for the working class voters who helped elect him—voters who have seen their incomes stagnate or fall for decades, the jobs they depended on moved offshore, and their hopes for a secure retirement dwindle. The way to do this, Mishel wrote, “is to give workers more power.”
November 10, 2016 | By David Cooper | Economic SnapshotOn Election Day, majorities of voters in Arizona, Colorado, Maine, and Washington all voted through ballot measures to raise their state minimum wages.
November 9, 2016 | By Lawrence Mishel | BlogPresident-elect Donald Trump succeeded, in part, through an appeal to working class voters who have seen their incomes stagnate or fall for decades, the jobs they depended on moved off-shore, and their hopes for a secure retirement dwindle.
November 9, 2016 | By Lawrence Mishel | Press ReleasesPresident-elect Donald Trump succeeded, in part, through an appeal to working class voters who have seen their incomes stagnate or fall for decades, the jobs they depended on moved off-shore, and their hopes for a secure retirement dwindle.
News from EPI › Minimum wage victories will raise wages for more than 2 million workers: Statement from David Cooper
November 9, 2016 | By David Cooper | Press ReleasesYesterday, voters in Arizona, Colorado, and Maine voted to raise their state minimum wages to $12 by 2020. In Washington, voters approved a measure to raise the state minimum wage to $13.50 by 2020.
The TPP is a back door for dumped and subsidized imports from China; it would enhance, not limit, China’s influence in the region
November 7, 2016 | By Robert E. Scott | BlogPresident Obama has built his closing case for the Trans-Pacific Partnership on a political argument, saying “…we can’t let countries like China write the rules of the global economy.