EPI in the news

• Who stands to gain the most from new federal overtime rules?

  Labor economists dispute the notion that the changes will harm the economy. “Whenever a labor standard is increased, there is always a chorus of business that says the sky will fall and it never does,” Heidi Shierholz, president of the Economic Policy Institute, a Washington D.C.-based progressive think tank, told Stacker. “Somehow we have labor standards that improve over time.”

  Stacker | October 25, 2024
• Pensions or 401(k)s? It’s an issue for striking Boeing workers and others

  Another ding against pensions is the fear the employer-sponsor will go belly up. Monique Morrissey at the Economic Policy Institute said that concern is overblown.

  “In the private sector, benefits are guaranteed by the Pension Benefit Guaranty Corporation,” Morrissey said.

  In the public sector, pension funds come from government coffers, and Morrissey said one way to balance the budget “is by not contributing the full amount to the pension.”

  Marketplace | October 25, 2024
• 23 Nobel Prize winners push for Kamala Harris, calling her a ‘better steward of our economy’ than Trump

  Trump once deemed himself “a Tariff Man” on Twitter—a name that could backfire. His proposed tariffs could increase costs for American households by $2,500 to $3,000 every year, Adam Hersh, a senior economist at nonpartisan advocacy group EPI Action, told NBC.

  Fortune | October 25, 2024
• For Black Women, There’s No Relaxing This Election, But There Are Reasons To Be Very Hopeful

  According to Josh Bivens, Ph.D., Chief Economist at the nonpartisan research-based Economic Policy Institute [EPI], the Trump administration squandered the economic strength he inherited from Obama–even before his mismanagement of the pandemic completely devastated it. 

  NewsOne | October 25, 2024
• Election 2024: Inside the decades-long political shift on MN’s Iron Range

  Globalization and trade impacts also hit the Iron Range and rural America disproportionately along educational lines. Americans without college degrees lost nearly $2,000 a year in wages due to trade policies, according to the Economic Policy Institute. Broader research showed, as of 2008, that “international trade tends to make low-skilled workers in the United States worse off – not just temporarily, but on a sustained basis.”

  Public News Service | October 25, 2024
• Chas Macquarie: The economic benefits of the Inflation Reduction Act

  In April the nonpartisan Economic Policy Institute found that since 1949 the nation’s annual real growth has been 1.2 percentage points higher under Democratic administrations than under Republican administrations and total job growth averages 2.5% annually under Democrats compared to barely over 1% under Republicans. Business investment is more than double the pace under Democrats than under Republicans; average rates of inflation are slightly lower under Democrats; and families in the bottom 20% of the economy experience income growth almost twice as fast under Democrats than under Republicans.

  Nevada Appeal | October 25, 2024
• Minimum wage in South Dakota will increase to $11.50

  South Dakota is one of 30 states, plus the District of Columbia, that has adopted a minimum wage higher than the federal minimum wage of $7.25 per hour, according to The Economic Policy Institute. South Dakota’s minimum wage is currently the 25th highest in that group.

  South Dakota Searchlight | October 25, 2024

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