Studies show that if the overall unemployment rate drops low enough, “even those gaps start to erode a little bit,” said Josh Bivens, director of research at the Economic Policy Institute.
Marketplace
April 13, 2022
Research released by the Economic Policy Institute in February found that the number of people employed in public K-12 elementary and secondary schools fell by 4.7% between fall 2019 and fall 2021, according to data from the Bureau of Labor Statistics.
ABC News
April 13, 2022
This important economic insight has come under attack by the Economic Policy Institute, a left-wing outfit. According to their research, wages and productivity kept pace with one another up until about 1980. But, between then and 2020, wages rose by about 14 percent, while productivity escalated by roughly 60 percent.
Foundation for Economic Education
April 13, 2022
One important fact to consider is that it’s entirely possible for our economy to slow down without actually falling into a recession. In fact, it might be a good sign if the economy does exactly that: slow down. Another economist who spoke to The New York Times argued exactly this point. Josh Bivens, the director of research at the Economic Policy Institute, said to the publication, “We have torn back toward normal at a really fast pace, and it would be unrealistic to think that could continue.”
Katie Couric Media
April 13, 2022
“Right now we’re about 1.6 million jobs below where we were in February 2020,” said Elise Gould, senior economist at the Economic Policy Institute. She said the U.S. working-age population did grow during the pandemic.
Marketplace
April 13, 2022
“Unions also reduce racial disparities in wages and raise women’s wages, helping to counteract disparate labour market outcomes by race and gender that result from occupational segregation, discrimination, and other labour market inequities related to structural racism and sexism,” said a 2021 fact sheet from the U.S.-based Economic Policy Institute.
Toronto Star
April 13, 2022
Heidi Shierholz, president of the Economic Policy Institute and former chief economist at the Department of Labor under President Barack Obama, told Fortune the labor market has seen “mind-bogglingly fast and sustained growth” that is “totally unlike the Great Recession and its aftermath.”
Fortune
April 13, 2022
“We have torn back toward normal at a really fast pace, and it would be unrealistic to think that could continue,” said Josh Bivens, the director of research at the Economic Policy Institute, a progressive think tank. Even slower wage growth, he said, wouldn’t worry him, as long as pay increases didn’t fall further behind inflation.
The New York Times
April 13, 2022
Heidi Sheirholz, president of the Economic Policy Institute, explained in a Twitter thread that the U.S. economy is currently “on pace to recover nearly eight years faster” from the high unemployment rates created by the COVID-19 pandemic than it did from the Great Recession. This is in part due to Congress acting to provide COVID-19 relief, including the CARES Act and American Rescue Plan, Shierholz said.
Verify This
April 8, 2022