EPI in the news

• July 29, 2022
  | July 29, 2022
• How the upcoming Fed meeting about interest rates affects you

  “Part of the issue is that as an inflation control strategy, interest rate hikes are not so great right now,” said Josh Bivens, research director at the Economic Policy Institute in Washington D.C. “I think a lot of the sources of inflation we’re seeing are things that interest rate hikes aren’t going to really get at.”

  Scripps TV | July 20, 2022
• Workers are picking up extra jobs just to pay for gas and food

  “People most hurt by high inflation are also seeing a ton of job growth,” said Heidi Shierholz, president of the Economic Policy Institute, a left-leaning think tank. “Given the burden of high inflation and high job availability, it’s not at all a surprise to me that you’d see people doubling up on jobs.”

  The Washington Post | July 20, 2022
• Reform labour laws to tackle inequality in America, urges Celine McNicholas

  The rate of unionisation is now even lower than it was before workers had a federally protected right to join unions. That is no coincidence. Unions give workers and their communities the power to ensure that the American economy’s productivity gains are shared more evenly. As unions have withered, the benefits of increased economic capacity have flowed to a very small share of the population.

  The Economist | July 20, 2022
• Owning Our Labor: Productivity, Profits, and Power

  according to a study by the Economic Policy Institute, net productivity rose 61.8 percent, while the hourly rate of pay for the average worker increased by only 17.5 percent.³ In other words, even though today’s worker is more productive than ever before, she has seen wages stagnate, prices increase, profits disappear into deep pockets, politics favor the wealthy, and working conditions worsen.

  Nonprofit Quarterly | July 20, 2022
• ‘CEOs, Not Working People, Are Causing Inflation’: Report Shows Soaring Executive Pay

  “Higher unemployment lowers wage growth much more reliably and by larger amounts than it lowers inflation,” notes Josh Bivens, director of research at the Economic Policy Institute, noted last week. “Currently, wage growth is decelerating. This means there is no genuine need for a recession to pull wage growth down to sustainable levels.”

  Common Dreams | July 20, 2022
• Retirement Expenses Are Too Hard to Predict

  Teresa Ghilarducci is the Schwartz Professor of Economics at the New School for Social Research. She’s the co-author of “Rescuing Retirement” and a member of the board of directors of the Economic Policy Institute.

  Bloomberg | July 20, 2022

More EPI in the news