View in a browser  |  Forward to a friend  |  Unsubscribe
EconomicPolicyInstitute

Why is recovery taking so long—and who’s to blame?

In a new report, EPI’s Josh Bivens writes that slow economic growth after the Great Recession is due primarily to the fiscal policy passed by Republican lawmakers in Congress and austerity-minded state legislators. While the depth and severity of the Great Recession can partially explain why it has taken so long for the economy to fully recover, Bivens argues that the slow recovery is a self-inflicted wound caused by excessively austere fiscal policy, particularly cutbacks in public spending growth.

WAGES

Black women’s wages have fallen further behind white women’s

A new Economic Snapshot shows that black women experience lower pay due to gender and race bias, on top of the wage stagnation the vast majority of Americans experience. In 2015, black women’s wages were 66 percent of white men’s wages, compared to 77 percent for white women relative to white men – a racial difference of 11 percentage points. In 1979, the racial difference was only 4 percentage points.

 

IN THE NEWS
Reuters
In a column on America’s sluggish economic recovery, Robert Samuelson of the Washington Post cited EPI’s recent report on slow economic growth after the Great Recession, noting that lack of government spending has held the economy back. | "The stimulus wore off. What now?" »
Reuters
FiveThirtyEight quoted EPI’s Lawrence Mishel on the rise of anti-free trade rhetoric in the 2016 election. “We’re having a breakout moment where no one is able to pretend that somehow pushing trade treaties is going to be good for workers,” he said. “We’re never going to go back to the status quo ante, and I think that’s a good thing.” | "The 2016 election is about dividing up the pie" »
Reuters
The Atlantic covered EPI’s recent report on the teacher pay gap, writing, “There is not a single state where teachers earn the same or more than other people with four-year degrees.” | "Just paying teachers more won’t stop them from quitting" »
Reuters
The Washington Post also covered EPI’s report on the teacher pay gap, noting the “teacher pay penalty” — the difference between teachers and comparable public workers — hurts veteran teachers and male teachers the most. | "Think teachers aren’t paid enough? It’s worse than you think." »
Reuters
In a segment about the pay of early child care workers, PBS NewsHour cited EPI research on the high cost of child care, noting that care for 4-year-olds exceeds college tuition in 24 states. | "Why are early childhood educators struggling to make ends meet?" »
Reuters
In a story about working seniors, MoneyWatch cited EPI research on American retirement, writing, “30 percent of this country’s 65- to 69-year-olds are still at the daily grind, compared with only 20 percent in other developed nations.” | "More jobs for seniors, but not quite “golden years”" »
Reuters
The Huffington Post also covered EPI’s report on slow economic growth, writing, “Republican-driven austerity, rather than any Obama administration policy, is to blame for the incomplete economic turnaround.” | "Blame austerity, not Obama, for slow economic recovery" »
From the EPI Blog
Pedro da Costa
What’s luck got to do with it? When it comes to money, quite a bit
Josh Bivens
Why is the economy so weak? Trade gets headlines, but it’s more about past Fed rate hikes and the TCJA’s waste
Valerie Wilson and Jhacova Williams
Racial and ethnic income gaps persist amid uneven growth in household incomes
Julia Wolfe and Hunter Blair
Government programs kept tens of millions out of poverty in 2018
Elise Gould and Julia Wolfe
Slowdown in household income growth continues in 2018
Melat Kassa and Zane Mokhiber
By the Numbers: Income and Poverty, 2018
Valerie Wilson and Elise Gould
What to watch for in the 2018 Census data on earnings, incomes, and poverty
Elise Gould
What to Watch on Jobs Day: Wage growth is key to a sustainable recovery
Donate