More importantly, companies also need to comply with labor laws and address pay inequity in a transparent way, because workers are not seeing the fruits of their labor, according to Elise Gould, a senior labor economist at the Economic Policy Institute.
Agenda
December 13, 2021
A recent report by the US-based Economic Policy Institute finds that public investment increases productivity and growth across the economy. The report finds “investments in public capital have significant positive impacts on private-sector productivity, with estimated rates of return ranging from 15 percent to upwards of 45 percent.” Another report from the Roosevelt Institute argues that sustaining higher levels of demand through new public spending and permissive monetary policy could bring the US closer to full employment and increase growth.
Policy Note
December 13, 2021
Economists say you can expect a ripple effect from the jobs created by the Toyota battery plant. A formula from the Economic Policy Institute reveals for every 100 durable manufacturing positions created, there are also 744.1 other indirect jobs created. So, those 1,750 megasite jobs could really turn into 14,000 new jobs.
WFMY News 2
December 13, 2021
Other names under consideration include Director of Economic Policy Institute’s Program on Race, Ethnicity, and the Economy Valerie Wilson, Michigan State University economics professor Lisa Cook, Chief Economist at AFL-CIO William Spriggs, and former Obama-era Treasury official Karen Dynan.
The Street
December 13, 2021
For decades, education reformers and policymakers have searched for ways to close opportunity gaps — unequal access to the resources that children need to be successful in school and in life. As early as kindergarten, students from high-income families are ahead of those from low-income families on reading, math, and social and emotional skills, according to the Economic Policy Institute, a left-leaning think tank.
VOX
December 13, 2021
WASHINGTON —The U.S. unemployment rate dropped 0.4% in November, to 4.2%, the Bureau of Labor Statistics reported. But BLS, the Economic Policy Institute, and the Institute for Women’s Policy Research all noted mixed numbers behind that positive decline.
People’s World
December 13, 2021
“Access to justice is really kind of a practical impossibility for a lot of these workers,” Daniel Costa, the director of immigration law and policy research of the Economic Policy Institute, a liberal think tank, said.
NBC News
December 13, 2021
HCL Technologies, based in India, wields the H-1B skilled-worker visa as a way to undercut competition and find the cheapest workers, according to the study by the Economic Policy Institute.
Washington Times
December 13, 2021
Josh Bivens at the Economic Policy Institute estimates that failing to raise the debt ceiling would result in an instant spending cut of 8 percent of GDP. Compare that to the Great Recession of 2008-2009, in which spending dropped 9 percent over two years. Moody’s warned that international investors would no longer have faith in American credit and would demand higher interest rates on Treasury bonds, creating a permanent drag on the economy.
Salon
December 13, 2021
A third strategy, which aims to minimize unemployment, is to ensure adequate labor demand through expansionary macroeconomic policies. When fiscal policy keeps aggregate demand high, employers chase workers – rather than the other way around – and unemployment can remain low. Research by Larry Mishel and Josh Bivens of the Economic Policy Institute shows that macroeconomic austerity is a major reason why US wages have lagged behind productivity since the 1980s. By contrast, the Biden administration’s aggressive fiscal response to the COVID-19 crisis has ensured that US wages have increased amid a sharp fall in unemployment.
Project Syndicate
December 13, 2021