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
Keep in mind, this is just talking about doctors. The pay gap exists for other medical professions too, such as nurses. Female nurses made nearly 8% less than male nurses, according to research from the Economic Policy Institute, a left-leaning think tank.
MarketWatch
December 13, 2021
“I don’t think we can celebrate quite yet,” said Elise Gould, senior economist at the Economic Policy Institute, a left-leaning think tank. “I’m hopeful this means recovery is finally reaching them. I would like to believe it holds … I’m also really cautious because this data comes with a lot of volatility.”
The 19th
December 13, 2021
Wages have been on the rise as employers scramble to lure in workers, but after decades of declining wages, economist Heidi Shierholz of the left-leaning Economic Policy Institute argues that gains are still just catching up with pandemic losses. According to the Bureau of Labor Statistics, average hourly earnings have ticked up by 4.8% from November 2020. In the traditionally low-paying leisure and hospitality, wages have soared by 12.3%.
Business Insider
December 13, 2021
“When the two surveys show different things, the rule of thumb is to emphasize the establishment survey, since it is much bigger,” says Heidi Shierholz, president of the Economic Policy Institute and a former chief economist at the Department of Labor. “We should do that here. However, the outrageously strong household survey says we do not need to get worked up about the 201K.”
US News and World Report
December 13, 2021
As unemployment rates spiked during the pandemic, states turned to federal loans to fund their unemployment insurance programs. Researchers at the Economic Policy Institute (EPI) have found that 16 states have used ARP funds to pay off these debts, after 23 states had already used CARES Act funds to bolster their unemployment insurance trust funds. Overall, 33 states from Texas to Connecticut have used federal COVID relief funds to pay off unemployment insurance trust fund debts.
American Prospect
December 13, 2021
Union members’ wages are more than 11 percent higher on average than those of their non-unionised peers, according to a study by the progressive think-tank the Economic Policy Institute.
Al Jazeera News
December 13, 2021
Nevertheless, Moser believes the reshoring trend will continue, boosting the domestic labor market. The Economic Policy Institute, a Washington-based think tank, estimates that every new job in the manufacturing industry eventually creates five to seven more jobs, especially in the durable consumer goods industry.
Frontline
December 13, 2021