Since China joined the WTO, the number of jobs in the U.S. manufacturing industry has been decreasing. The Economic Policy Institute estimates that the trade deficit with China cost about 2.7 million jobs between 2001 and 2011, including manufacturing and other industries.
The BL
November 22, 2021
A study of the workforce released by the Economic Policy Institute (EPI) delineates 1979 as the point where significant changes started to accelerate a large chasm between workers and wages. Whereas the mid-20th century reflected a time of advances for working class Americans, “The decades since 1979 have been characterized by erosion of the minimum wage and overtime-pay standards, a decline in unionization and cultural and political acceptance of excessive executive pay.”
The Malibu Times
November 22, 2021
Penalties for companies wrongfully terminating pro-union employees are “just pathetic”, said Oliver. A company might be forced to provide backpay, “but that on its own is a pretty small price for them to pay if it helps them crush a union”.
Which is why US employers are charged with violating federal law in over 41% of union election campaigns, “because why wouldn’t they?” Oliver exclaimed. “Even when the charges are proven, the consequences are laughable.”
The Guardian
November 19, 2021
Teresa Ghilarducci is the Schwartz Professor of Economics at the New School for Social Research. She’s the co-author of “Rescuing Retirement” and a member of the board of directors of the Economic Policy Institute.
Bloomberg
November 19, 2021
The wage gap between teachers and the rest of the comparably educated workforce was about 21% in 2018. That disparity was a much smaller 6% back in 1996, according to an analysis from the Economic Policy Institute.
Axios
November 19, 2021
As of mid-October, only three of 12 Midwestern states had used relief dollars for extra employee pay, according to an analysis from the Economic Policy Institute. But a handful of other municipalities in California, including the cities of San Carlos and San Mateo, approved similar measures earlier this year.
Route Fifty
November 19, 2021
The companies’ complaints about increases in raw material and shipping costs may or may not be genuine, but it’s certainly plain that they’ve used talk about inflation to raise prices more than their cost increases warrant. That shows up in the government’s inflation numbers, without explanation.
The result is what economist Josh Bivens of the labor-oriented Economic Policy Institute calls the “unwarranted leap” of attributing the recent price spikes to “ ‘too much’ fiscal relief and recovery.” There’s no evidence that merely providing more assistance to ordinary households caused inflation and therefore should be abandoned.
Las Vegas Sun
November 19, 2021
More than half of Black households have no retirement savings at all, compared with less than a third of white households. The median retirement savings for a white household between ages 25 and 61 is $79,500, while Black households have $29,200, according to research by the Economic Policy Institute and others.
The Philadelphia Tribune
November 19, 2021
For decades, mandatory anti-union meetings have been a common tactic employers use to crush support for union drives. In fact, 89 percent of employers use captive audience meetings during union drives, according to the Economic Policy Institute.
VICE
November 19, 2021
Economic policy writer Kyle Moore wrote an article with the Economic Policy Institute, a nonpartisan think tank which focuses on middle and lower class economic issues called, “Racial disparities in unemployment persist, despite claims of a ‘labor shortage.’”
In the article, Moore examines the 2021 Fiscal Third Quarter (Q3) rates of unemployment from the Bureau of Labor Statistics broken down by race on the state and national level.
The Daily Egyptian
November 19, 2021