No longer can government policy, including the billions spent on economic development, be detached from a central focus on bridging inequities and addressing structural barriers to success. An estimate from the Economic Policy Institute found that rising inequality has slowed U.S. economic growth in aggregate demand by two to four percentage points in recent years as the share of income has shifted from lower income, lower-saving households to higher income, higher-saving households. Addressing structural inequality is not only a moral imperative – it is an economic imperative.
Gotham Gazette
July 1, 2022
Josh Bivens, the director of research at the left-leaning Economic Policy Institute, published a study in April that found corporate profits accounted for more than half of the price growth between 2020 and 2021 in the non-finance corporate sector, which makes up about 75% of the private sector.
ABC News
July 1, 2022
The ruling will cause economic pain in 26 states where abortion bans are most likely to go into effect and where people already face lower wages and limited access to healthcare, the Economic Policy Institute warned following the decision.
Al Jazeera English
July 1, 2022
The left-leaning Economic Policy Institute has said that if the country were to boost the federal minimum wage to $15 an hour, workers would receive over $108 billion in additional pay and earnings would rise for 1 in 3 Black workers.
MarketWatch
July 1, 2022
When economists and policymakers look to study previous recessions, they will be using dates that “don’t necessarily represent the full breadth of experiences in this country,” said Valerie Wilson, who is director of the Economic Policy Institute’s Program on Race, Ethnicity, and the Economy as well as president of the National Economic Association. “More diversity on the committee will bring in perspectives and other ideas about how we understand the health of the economy.”
CNN Business
July 1, 2022
NPR’s Ailsa Chang talks to Josh Bivens from the Economic Policy Institute about what’s really behind high prices and supply issues contributing to inflation.
NPR All Things Considered
July 1, 2022
This, too, must be reformed. To understand more, we shall turn to New York State. In an interview with Policy Reform Now, David Cooper, director of the Economic Analysis and Research Network at the Economic Policy Institute, described the pioneering example of the Empire State’s minimum wage law.
Policy Reform Now
July 1, 2022
“Esta decisión causará un dolor económico inmediato en 26 estados donde es más probable que se prohíba el aborto y donde las personas ya enfrentan salarios más bajos, menos poder de los trabajadores y acceso limitado a la atención médica”, dijo Heidi Shierholz, presidenta del Instituto de Política Económica, en un comunicado.
La Opinion
July 1, 2022
Others say abortion access is an “economic right” for women. “Access to abortion and abortion services can have powerful impacts on abortion patients’ economic outcomes, including what kinds of jobs they can and cannot take, educational attainment, chances of being in poverty and financial distress, and so much more,” said Economic Policy Institute, a progressive think tank.
MarketWatch
July 1, 2022