While restaurant and hospitality workers are two of the sectors hit the hardest, Americans are not leaving the workforce altogether, according to Chief Economist at the Economic Policy Institute. The institute notes that the labor market is gaining tons of jobs every month.
azfamily.com
January 7, 2022
Heidi Shierholz, president of the Economic Policy Institute, points out that at the same time, 6.7m people were hired. “People who quit are taking other jobs, not leaving the workforce,” she wrote in a tweet.
The Hustle
January 7, 2022
In an analysis published Thursday, David Cooper, Krista Faries, and Sebastian Martinez Hickey of the Economic Policy Institute (EPI) observed that the January 1 wage hikes in 21 states “range from a $0.22 inflation adjustment in Michigan to a $1.50 per hour raise in Virginia, the equivalent of an annual increase ranging from $458 to $3,120 for a full-time, full-year minimum wage worker.”
Common Dreams
January 7, 2022
Heidi Shierholz, president of the Economic Policy Institute, said: “Things are looking pretty tight given the available supply of labor that we have right now. But there are millions on the sidelines who will come in, once the labor supply-suppressing effects of Covid are in the rearview mirror.”
The Guardian
January 7, 2022
In Georgia, the average cost of infant care is over $8,500 for the year, while child care for a 4-year-old costs about $7,300, according to the Economic Policy Institute.
CBS46
January 7, 2022
Elise Gould, senior economist at the Economic Policy Institute, says the term “low skill” is “offensive” and often inaccurately conflates low pay with low academic requirement.
CNBC
January 7, 2022
… signals an economy with healthy dynamism,” wrote Heidi Shierholz, president of the Economic Policy Institute, a Washington think tank. (paywall).
The Houston Chronicle
January 7, 2022
.. according to a tally by the left-leaning Economic Policy Institute (paywall).
Law360
January 7, 2022
Despite decades of declining membership, labor unions are currently seeing their highest approval ratings in the United States since 1965, according to a recent Gallup poll. Given that issues like pay, benefits, paid sick time, paid family leave, minimum staffing levels, schedule flexibility, mental health, and workplace safety have become increasingly urgent in the midst of the pandemic, women and femmes have emerged as union leaders across industries like never before, playing pivotal roles in some of the 45+ labor strikes since August tracked by Bloomberg Law. This should come as little surprise, as the Economic Policy Institute found that women in unions are paid more than their non-union counterparts, and that collective bargaining has also aided in lessening pay gaps for workers of color. Of course, women and femmes have also historically been leaders of, and active participants in, the country’s labor movement.
Harper's Bazaar
January 7, 2022
Dr. Elise Gould, a senior economist at the Economic Policy Institute in Washington D.C., took a slightly different tone on the Fed’s intentions for 2022. Gould said that she expects inflation to come down in 2022 and that the Fed may be “overthinking inflation” by acting too soon. Her worry is that the central bank may act too soon by raising rates before the economy reaches the Fed’s intended goal of full employment.
International Business Times
January 7, 2022