When your account balance is bigger because you’ve been saving money over decades of your working life, “even minor fluctuations in the market will swamp…. any effects of any additional contributions,” says Monique Morrissey, an economist at the Economic Policy Institute, a left-leaning think tank. In other words, it’s much more difficult to make up that $240,000 portfolio hit with contributions over a short period of time — especially if the market remains volatile.
Money
July 1, 2022
On the other hand, at least 16 states and Washington, D.C. have enacted laws that keep abortion legal. Asha Banerjee is an analyst at Economic Policy Institute. “When women are not able to complete their education, or get the job they want, this has severe economic consequences. Yes for them, but this loss of economic potential of possibility will have ramifications for the state economy, the national economy as well,” Banerjee said.
Newsy
July 1, 2022
Another hole in the explanations for inflation that blame workers is that typically in the lead-up to inflationary periods we’d see a decrease in unemployment coupled with an increase in the corporate sector’s labor compensation manifesting as real wage growth and shrinking profit margins. As the Economic Policy Institute pointed out in April, the opposite has happened: Corporate profit margins have surged as corporations have leveraged excess power into price hikes.
VICE
July 1, 2022
The high court’s decision highlighted a frail social safety net in states on the verge of outlawing or restricting abortion, chiefly led by Republicans. States like Mississippi tend to lack paid leave and refused to expand Medicaid, leaving many low-income residents without access to health insurance and postpartum coverage, according to the left-leaning Economic Policy Institute. A few states are reversing course.
Business Insider
July 1, 2022
Those states also tend to pay their workers less than states with legally-enshrined abortion access, have fewer union protections, and have higher rates of incarceration, according to an analysis from the left-leaning Economic Policy Institute in May.
Business Insider
July 1, 2022
Asha Banerjee, an economic analyst at the left-leaning Economic Policy Institute, argued that the financial consequences for some women could be particularly large because states that are likely to ban abortion also tend to have fewer social services.
Politico
July 1, 2022
When families suffer, children suffer, and the pandemic inflicted tremendous hardship on our working families. It also aggravated existing challenges, such as finding affordable, accessible child care. The average family in California would need to spend over 40% of their income (or over $28,000 per year) to pay for care for two children, according to the Economic Policy Institute.
EdSource
July 1, 2022
Recovery of lost wages via federal enforcement outstripped state agency efforts, accounting for nearly $1.2 billion in recoveries versus $558 million recovered by state labor departments and attorneys general between 2017 and 2020, according to an Economic Policy Institute report. Class-action litigation topped them both, recovering about $1.5 billion in the same time frame, the EPI said, citing data from a Seyfarth Shaw litigation analysis.
Bloomberg Law
July 1, 2022
Denying people seeking abortions access to that care not only leads to negative economic outcomes on an individual level, but also financially impacts their households and families — making it a macroeconomic as well as a healthcare issue, said Asha Banerjee, economic analyst for the Economic Policy Institute.
HR Dive
July 1, 2022
The issues affecting older workers were the subject of a February hearing of the U.S. Congress Joint Economic Committee, “Building a Better Labor Market: Empowering Older Workers for a Stronger Economy.” The first two speakers, Teresa Ghilarducci, a professor from The New School for Social Research, and Monique Morrissey, an economist from the Economic Policy Institute, outlined the problems affecting older workers. Both supported the creation of an Older Workers Bureau.
Government Executive
July 1, 2022