June 30, 2016 | Events
The Economic Policy Institute invites you to an important forum outlining innovative strategies that are employed in the fight for economic justice.
A panel of immigration and public policy experts discussed the impact that immigration has on employment and wages. The discussion was based on a report from the Bipartisan Policy Center’s Immigration Policy Project.
Brexit is a moment of crisis for the global economy, one which demands a fundamental re-examination of our core values. It is time to develop alternatives to the current model of globalization, which benefits only those who are most well-off in our society.
June 28, 2016 | Events
Join Social Security Works at the Economic Policy Institute for a panel on expanding Social Security. As seen in the New York Times, Social Security expansion is part of a strong and growing movement in America and will play a crucial role in the 2016 election.
June 24, 2016 | EPI News
June 20 marked the beginning of summer, which means family reunions and beach vacations for those who can afford them. Those who cannot include hotel housekeepers, who—like many U.S. workers over the past three decades—have seen a middle-class lifestyle become even further out of reach. A new Economic Snapshot
shows that the average hotel housekeeper cannot afford the price of a hotel room with her day’s wages.
This morning the Supreme Court of the United States issued its decision in United States v. Texas
, the State of Texas’s challenge to the most significant of the executive immigration actions—known as the DAPA and DACA+ initiatives—which were announced by President Obama on November 20, 2014.
Thank you for inviting me to testify today.
I am Ross Eisenbrey, the vice president of the Economic Policy Institute, a nonprofit, nonpartisan think tank created in 1986 to include the needs of low- and middle-income workers in economic policy discussions.
The annual Social Security and Medicare trustees’ reports will be released today, prompting the usual scaremongering enabled by a widespread misunderstanding of how these programs operate and what deficits mean. As is always the case, it is helpful to separate out analyses of Social Security from Medicare, as they are different institutions facing very different challenges.
June 21, 2016 | Events
Ann O’Leary, senior policy advisor to the Hillary Clinton campaign
Jacob Hacker, professor of political science at Yale and co-author of American Amnesia
Yuval Levin, editor of National Affairs and author of Fractured Republic
EJ Dionne, columnist with the Washington Post and author of Why the Right Went Wrong
Christian Dorsey of the Economic Policy Institute
Economic Policy Institute
1225 Eye Street, N.W.
Some university officials are complaining about the cost of the new overtime rule, which requires that salaried employees who make less than $47,476 and who work more than 40 hours a week get paid for their overtime.
This week marks the beginning of summer—family reunions, barbeques, and beach vacations— for those who can afford it. Those who can’t include hotel housekeepers, who like many U.S.
The following is an excerpt from my congressional testimony on the H-2B program, which has been updated and edited for clarity; it explains in detail what you need to know about the H-2B riders.
Today’s Regional and State Employment and Unemployment report for May was foreshadowed by the dramatic slowdown in employment growth in May’s national jobs report, and it did not fail to depress our economic outlook. Though the national unemployment rate fell from 5.0 percent to 4.7 percent in May, it was at least partially caused by people exiting in the labor force (rather than finding jobs), and it was accompanied by a measly employment growth of 38,000 jobs.
June 17, 2016 | EPI News
The top 1 percent took home the majority of income growth over 2009–2013 in 24 states—and captured all
income growth in 15 states, according to a new paper by Mark Price of the Keystone Research Center and Estelle Sommeiller of the Institute for Research in Economics and Social Sciences. Find out what it takes to be in the top 1 percent in every state, county, and metro area here
From time to time researchers have raised technical measurement issues with our research showing that the compensation of a typical worker has diverged from overall productivity. The Heritage Foundation’s James Sherk—a repeat player—has a new entry.
Globalization and secular stagnation make a sustained, coordinated fiscal expansion necessary for restoring growth to the global economy. Current politics in both the Unites States and Europe make this impossible in the short run. This means it’s likely to be a long time before we have a decent global economy, and that’s a real problem.
June 17, 2016 | EPI News
In a new report, EPI’s Josh Bivens writes that economic policy that doesn’t confront the rise in inequality head-on will do nothing to help the vast majority. He argues that a policy agenda based on progressive redistribution can raise living standards for the bottom 90 percent—and would be better for economic growth than an agenda that does not attempt to check inequality.
James Sherk at the Heritage Foundation has written a piece claiming that there has been no gap between growth in productivity and growth in pay. It’s written largely as an attempted debunking of our work, but since there’s not actually any bunk in this work, the attempt fails.
June 16, 2016 | Infographic
The rise in inequality in the United States, which began in the late 1970s, continues in the post–Great Recession era. This rising inequality is not just a story of those in the financial sector in the greater New York City metropolitan area reaping outsized rewards from speculation in financial markets. It affects every state, and extends to the nation’s metro areas and counties, many of which are more unequal than the country as a whole. In fact, the unequal income growth since the late 1970s has pushed the top 1 percent’s share of all income above 24 percent (the 1928 national peak share) in five states, 22 metro areas, and 75 counties. It is a problem when CEOs and financial-sector executives at the commanding heights of the private economy appropriate more than their fair share of the nation’s expanding economic pie. We can fix the problem with policies that return the economy to full employment and return bargaining power to U.S. workers.
Chairman Curran, members of the council, thank you for holding this hearing and allowing me to speak with you today. My name is David Cooper.
Today’s decision by the Federal Reserve to keep interest rates unchanged was the right one. There is no sign in the economic data that a durable acceleration in inflationary pressures is brewing and needs to be stopped by the Fed beginning to slow the economy.
Rep. Phil Roe claims that the new Department of Labor overtime rule will add $9 million in new costs for the University of Tennessee. This is less than half of 1 percent of the annual budget, yet Rep. Roe claims this will force a 2 percent tuition increase. That does not add up.
Thank you for inviting me to testify today.
My name is Monique Morrissey. I am an economist at the Economic Policy Institute and author of The State of American Retirement: How 401(k)s Have Failed Most American Workers, an interactive chartbook accessible through EPI’s website, www.epi.org.
On Thursday, June 9, EPI President Lawrence Mishel, on behalf of the EPI Policy Center, addressed the Democratic National Convention Platform Drafting Committee about the need for a policy agenda that proactively addresses decades of wage stagnation.
Lawrence Mishel, president of the Economic Policy Institute Policy Center, delivered testimony before the Democratic National Convention Platform Drafting Hearing on June 9, 2016, in Washington, D.C.
On June 23, British voters will accept or reject a proposal that Britain leave the European Union. The latest polls show the vote in favor of the British exit, or “Brexit,” narrowly ahead.
I am Lawrence Mishel, and I am representing the Economic Policy Institute Policy Center. Thank you for inviting me to testify today.
Since the late 1970s, American economic growth has been slow and unequal relative to the period after World War II. This suggests that there was very little payoff to overall growth from rising inequality, and that there will be no growth penalty from strong efforts to check or reverse inequality. In fact, far from being in direct conflict, faster overall growth and progressive redistribution are likely complementary. What is even clearer is that an agenda that explicitly confronts rising inequality will unambiguously raise living standards growth for the bottom 90 percent. Actually, such an agenda is necessary for securing decent living standards growth for these households.
In 2032, people of color will become a majority of the American working class, defined as people without a college degree. Since nearly two-thirds of the U.S. labor force is working class, policies aimed at raising working class living standards are critical to tackling wage stagnation and economic inequality. Working people from diverse groups must recognize that they share more in common than not, and work together to achieve a higher minimum wage, universal high-quality child care, criminal justice reform, and other overlapping goals.