Outside allies were more blunt. The liberal Economic Policy Institute in Washington wrote on Twitter that the report was “pretty ugly — and shows the pain workers and their families are experiencing.”
New York Times
June 17, 2022
That’s according to a new report published Monday by the Economic Policy Institute, the Harvard Labor and Worklife Program and Local Progress
Minnesota Reformer
June 17, 2022
American families spend more on child care than their counterparts in many other parts of the world. And the cost in Massachusetts is the highest among the 50 states, with infant care costing, on average, over $20,000 a year, according to data from the Economic Policy Institute. The average price for 4-year-olds is only slightly lower, at $15,000 a year.
WBUR
June 17, 2022
There’s almost always a power imbalance when it comes to negotiating with an employer, said Valerie Wilson at the Economic Policy Institute. And that imbalance is compounded for workers of color.
Marketplace
June 17, 2022
“A more accurate description of what we’re now seeing might be called ‘profit-price inflation’ — prices driven upward by corporations seeking increased profits,” Reich argued, pointing to a recent analysis by the Economic Policy Institute showing that record-shattering corporate profits have been contributing disproportionately to inflation.
Common Dreams
June 17, 2022
Due to inflation, the federal minimum wage in 2021 was worth 21% less than 12 years prior, and worth 34% less than in 1968, according to the Economic Policy Institute.
Los Angeles Times (HS Insider)
June 17, 2022
Their companies shared the wealth when they bargained with the strong unions of the postwar years. In fact, notes the Economic Policy Institute, major U.S. corporate CEOs in 1965 were only realizing 21 times the pay their workers were pocketing.
Common Dreams
June 17, 2022
In 2021, because of the Great Resignation, workers had additional bargaining power and were able to demand higher wages. In the United States, the average wage grew 4.4% in the first year of the pandemic, per the Economic Policy Institute. Average hourly earnings also jumped significantly over the past 12 months to $31.95, a 5.2% annual increase, according to a June report from the U.S. Bureau of Labor Statistics.
Fortune
June 17, 2022
The extraordinary conditions that created this more pro-worker market won’t last forever, said Heidi Shierholz, president of the Economic Policy Institute and former chief economist for the US Department of Labor under President Barack Obama.
CNN
June 17, 2022
But suspending the gas tax would take away a key policy tool for discouraging the use of gasoline for other purposes, and it would remove a funding source targeted specifically for infrastructure, Adam Hersh, senior economist at the liberal-leaning Economic Policy Institute, told ABC News.
ABC News
June 17, 2022