“Sources of outrage right now are not lacking,” Heidi Shierholz, president of Economic Policy Institute, told Recode. “It’s against the backdrop of your employer making all kinds of profits, and we’ve all just gone through total hell. I would guess it ups the outrage factor.”
VOX
November 12, 2021
“The last couple months were slower,” Elise Gould, a senior economist at the Economic Policy Institute, said of the restaurant labor market. “That’s very much delta-driven… many workers may be concerned about conditions and their own health and the health of their family members.”
Restaurant Dive
November 12, 2021
The left-leaning Economic Policy Institute also criticized the study, suggesting that the data and methodology couldn’t distinguish between the effects of wage increases and other factors. It called the estimated job loss “implausibly large and well outside the range of existing research on the minimum wage.”
StarTribune
November 12, 2021
The burst of the housing bubble that led into the Great Recession left low- and middle-income homeowners struggling. Households in the bottom four-fifths saw a 39% drop in net worth between 2007 and 2010, while the top 20% lost only 14% of net worth. Meanwhile, the top 1 percent of household income has grown 229% since 1979, according to the Economic Policy Institute. That is far greater than for the bottom 90% of households. Their growth was just 46%.
Caledonian Record
November 12, 2021
“It’s important to note that Black, Latinx, Native American and low-income workers generally are the least likely to have been in that third category of those able to work safely at home,” David Cooper, a director at the liberal Economic Policy Institute, said.
Bangor Daily News
November 12, 2021
Financial regulators are treading into matters related to environmental, social and governance (ESG), issues at an unprecedented pace, proposing rules and undertaking other initiatives that could ultimately play a role in addressing the nation’s income inequality crisis. The CEO–worker gap has exploded in the last four decades: While CEO compensation has grown 1,322% since 1978, the average U.S. worker’s compensation has risen just 18%, according to the Economic Policy Institute.
Fast Company
November 12, 2021
Second, it is dramatically increasing support for working families through the Wisconsin SHARES program from 35 to 80 percent of the cost of care. The average cost for infant care in Wisconsin is $12,597, according to the Economic Policy Institute so for an eligible family with one child they would see a savings of $5,669 per year.
WisBusiness.com
November 12, 2021
Indeed, because of the obsession with not increasing deficits, the entire spending program will be mostly paid for by taxes. That means little net macroeconomic stimulus, though the improvements to productivity should be good for noninflationary growth. As Josh Bivens of the Economic Policy Institute explains, CBO’s analysis indicates there is still plenty of slack in the economy for noninflationary expansion.
The American Prospect
November 12, 2021
Features Josh discussing CPI data.
Scripps National News
November 12, 2021
Economic self-sufficiency is the ability to reliably meet basic needs, including food, housing, transportation, child care, medical expenses and other necessities. The Economic Policy Institute, a nonpartisan think tank, provides a Family Budget Calculator that calculates measures of economic self-sufficiency across the country.
MarketWatch
November 12, 2021