EPI in the news

• Biden: Ban deductions for firms paying executives more than $1 million

  The White House pointed to a study from the Economic Policy Institute, a left-leaning think tank, showing that CEO pay averaged more than 300 times that of the typical worker in 2022.

  The Washington Post | March 7, 2024
• Pizza Hut workers in L.A.’s Historic Filipinotown go on 3-day strike, alleging wage theft

  The Economic Policy Institute said in 2014 that wage theft costs American workers as much as $50 billion a year.

  LA Times | March 7, 2024
• Fed: Economy Improving as Businesses Contend With Price-Conscious Consumers

  Meanwhile, the Labor Department reported there were 8.9 million positions open at the end of January, roughly the same number as a month earlier.

  “The labor market remains strong but is decidedly not hot,” said Elise Gould, senior economist at the Economic Policy Institute. “Job growth continues to be more than enough to keep up with working age population growth and layoffs remain historically low, but the hires rate has softened over the last year and is lower than it was pre-pandemic.”

  U.S. News & World Report | March 7, 2024
• Biden vs. Trump on spending, inflation

  “I just don’t see a big fiscal stimulus coming out of a Biden second term,” said Josh Bivens, chief economist at the left-leaning Economic Policy Institute.

  …

  A big question mark relates to the fate of the Inflation Reduction Act, which is funding investments in clean energy. Republicans are attacking the law, which they argue reduces efficiency and increases costs by picking winners and losers, but undoing it may create a new set of economic problems.

  “Right now the sector is proceeding under the impression that a build-out of clean energy will be subsidized and will be producing lots of our energy by the end of 2030,” Bivens said. “Clawing back subsidies and making energy producers scramble to figure out how they’ll be satisfying future energy demand in totally different ways could definitely lead to price spikes and volatility.”

  Politico Morning Money | March 7, 2024
• Heat stress safety concerns prompt shift in farmworker treatment

  According to the Economic Policy Institute, as of 2022 there are roughly 2.4 million farmworkers in the U.S.

  Scripps news | March 7, 2024
• Fed: Economy Improving as Businesses Contend With Price-Conscious Consumers

  Meanwhile, the Labor Department reported there were 8.9 million positions open at the end of January, roughly the same number as a month earlier.

  “The labor market remains strong but is decidedly not hot,” said Elise Gould, senior economist at the Economic Policy Institute. “Job growth continues to be more than enough to keep up with working age population growth and layoffs remain historically low, but the hires rate has softened over the last year and is lower than it was pre-pandemic.”

  U.S. News & World Report | March 7, 2024
• Unemployment cuts blocked by filibuster in Nebraska legislature

  Estimates from the Economic Policy Institute show unemployment among Black workers in Nebraska…[Paywall].

  Lincoln Journal Star | March 7, 2024

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