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EconomicPolicyInstitute

Judge 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.”

WORKING CLASS

Will Trump break his promises to the working class?

The policy proposals and potential cabinet appointments president-elect Trump has put forth thus far are unlikely to help working- and middle-class Americans. In a new article, EPI’s Josh Bivens discusses how the Trump administration may betray the promises he made to American working people on a range of issues including renegotiating trade agreements, taking on Wall Street, and rebuilding America’s crumbling infrastructure..

INFRASTRUCTURE

Trump’s infrastructure plan could be a giveaway to developers

President-elect Donald Trump has indicated that one of his first priorities will be a plan to boost infrastructure investment.  The plan, which provides tax credits to investors committed to financing infrastructure, has been equated as a form of public-private-partnerships (P3s). In a new article, EPI’s Josh Bivens and Hunter Blair explain that Trump’s plan isn’t as simple as encouraging the use of P3s, but rather is a way to transfer money to private financiers and developers with no guarantee that net new investments are made.

IN THE NEWS
Reuters
The New York Times quoted Ross Eisenbrey on a Texas judge’s decision to issue a nationwide injunction putting the updates to the overtime rule on hold, calling the move “a disappointment to millions of workers who are forced to work long hours with no extra compensation.” | "Judge Suspends Rule Expanding Overtime for Millions of Workers" »
Reuters
In a story about educational attainment and wages, the Washington Post cited EPI research on the racial wage gap, noting that the difference between what a white college graduate earns and what a black college graduate earns has widened since the 1980s | "The real secret to Asian American success was not education" »
Reuters
Marketplace interviewed EPI’s Josh Bivens about the economy in Trump’s first year. “You’ll see continued attacks on organized labor. And I think unions are really key to supporting wages,” said Bivens | "The economy in Trump’s first year" »
Reuters
In a story about CEO pay regulation under the Trump administration, the Washington Post cited EPI research on CEO pay, noting the average CEO made 276 times the typical working in 2015. | "How much more do CEOs make than workers? With Trump’s election, it could be harder to know." »
Reuters
Think Progress interviewed Josh Bivens about Donald Trump’s infrastructure plan. “Projects that are profitable will be undertaken and those without profit won’t be,” Bivens said, which is “almost the exact reverse ordering where you get the big bang for the buck.” | "Trump’s infrastructure plan is just a windfall for Wall Street" »
Reuters
In a story about Donald Trump’s plan to renegotiate NAFTA, Reuters cited EPI research on trade, noting that NAFTA lead to the loss of 850,000 U.S. manufacturing jobs. | "Trump’s NAFTA revamp would require concessions, may borrow from TPP" »
From the EPI Blog
Jane Flanagan and Terri Gerstein
Welcome developments on limiting noncompete agreements: A growing consensus leads to new state laws, a possible FTC rule making, and a strong bipartisan Senate bill
Hunter Blair
The Tax Cuts and Jobs Act isn’t working and there’s no reason to think that will change
Valerie Wilson
What to Watch on Jobs Day: Anticipated distortions to payroll employment and wage growth
Josh Bivens
Wage growth targets are good economics—if you get the details right: EPI Macroeconomics Newsletter
Lora Engdahl
A little-known agency that is supposed to protect workers is instead eroding workers’ basic labor rights
EPI staff
Seven questions EPI’s experts would ask at tonight’s debate
Carl Romer
Black and Hispanic men could face disproportionate job loss due to transportation automation
Elise Gould
What to Watch on Jobs Day: How big is the teacher shortfall?
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