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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
Valerie Wilson and Melat Kassa
Black women workers are essential during the crisis and for the recovery but still are greatly underpaid
Monique Morrissey
Trump’s war on the Postal Service helps corporate rivals at the expense of working families
Elise Gould
What to watch on jobs day: A stalled recovery
Heidi Shierholz
Unemployment insurance claims remain historically high: Congress must reinstate the extra $600 immediately
Heidi Shierholz
UI claims and GDP growth are historically bad: Now is not the time to cut benefits that are supporting jobs
Julia Wolfe and Melat Kassa
State and local governments have lost 1.5 million jobs since February: Federal aid to states and localities is necessary for a strong economic recovery
Terri Gerstein and Tanya Goldman
Protecting workers through publicity during the pandemic
Naomi Walker and John Schmitt
The Senate’s failure to act on federal aid to state and local governments jeopardizes veterans’ jobs
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