Features Josh discussing the debt ceiling.
WPFW
November 5, 2021
The state minimum wage currently ranges between $13 to $14 in California, second only to Washington DC’s $15.20, according to the Economic Policy Institute. The federal minimum wage has been set at $7.25 since 2009, but some states have chosen to set their own rates.
Business Insider
November 5, 2021
Before Covid, meat processors struggled to meet their labor needs, which increased the hiring of immigrant workers mostly from Mexico. More than a third of the workforce was foreign born, according to a 2020 report by the Economic Policy Institute. That hurt the industry when the Trump administration curtailed immigration.
Bloomberg.com
November 5, 2021
“Timeliness is everything when it comes to the mail,” said Monique Morrissey, an economist with the Economic Policy Institute. The Economic Policy Institute is a left-leaning nonprofit that specializes in economic fairness issues.
Who. What. Why
November 5, 2021
According to the Economic Policy Institute, that $7.25 was worth 14.8% less in 2018 than in 2009 and close to 30% less than in 1968. This has led many to infer that another minimum wage raise is well overdue.
All Work
November 5, 2021
The Economic Policy Institute, a left-leaning think tank, contends that the original $3.5 trillion Build Back Better (BBB) plan would have created 4 million new jobs per year. By comparison, the Tax Foundation, a conservative think tank, estimates it would reduce economic output by nearly one percent over ten years and eliminate about 300,000 jobs due to the added tax burden involved and lessened incentives for people to work.
Forbes
November 5, 2021
“This cost of losses on the student loan portfolio held by the federal government would by definition rise a lot with full forgiveness,” Josh Bivens, director of research at the liberal Economic Policy Institute, said in an email.
The USA Today
November 5, 2021
“When we look at what’s happening in the labor market, I think we’re dealing in unprecedented times,” said Elise Gould at the Economic Policy Institute, who added there’s a reason it’s hard to predict right now.
Marketplace
November 5, 2021
And after graduation, Black borrowers are “navigating labor markets, where they’re increasingly facing discrimination that then requires them to have to return back to higher education because they believe a graduate degree will help them be a buffer against some of that labor market discrimination,” he tells CNBC Make It. According to the Economic Policy Institute, even Black workers with an advanced degree experience a significant wage gap compared with their white counterparts, with Black workers being paid 14.9% less than white workers.
CNBC
November 5, 2021
But people’s feelings about their jobs and the outlook for the economy haven’t broken up; they’re just taking a break. Those two sentiments are intertwined, per Adam Hersh at the Economic Policy Institute.
Marketplace
November 5, 2021