“The literal prices that people see on goods make them think that they’re not doing as well because they feel that they are higher than they think they should be,” said Elise Gould, senior economist at the left-leaning Economic Policy Institute But, those prices are actually lower as a share of their wages than they were four years ago.”
States Newsroom
October 28, 2024
Labor economists dispute the notion that the changes will harm the economy. “Whenever a labor standard is increased, there is always a chorus of business that says the sky will fall and it never does,” Heidi Shierholz, president of the Economic Policy Institute, a Washington D.C.-based progressive think tank, told Stacker. “Somehow we have labor standards that improve over time.”
Stacker
October 25, 2024
Another ding against pensions is the fear the employer-sponsor will go belly up. Monique Morrissey at the Economic Policy Institute said that concern is overblown.
“In the private sector, benefits are guaranteed by the Pension Benefit Guaranty Corporation,” Morrissey said.
In the public sector, pension funds come from government coffers, and Morrissey said one way to balance the budget “is by not contributing the full amount to the pension.”
Marketplace
October 25, 2024
Trump once deemed himself “a Tariff Man” on Twitter—a name that could backfire. His proposed tariffs could increase costs for American households by $2,500 to $3,000 every year, Adam Hersh, a senior economist at nonpartisan advocacy group EPI Action, told NBC.
Fortune
October 25, 2024
According to Josh Bivens, Ph.D., Chief Economist at the nonpartisan research-based Economic Policy Institute [EPI], the Trump administration squandered the economic strength he inherited from Obama–even before his mismanagement of the pandemic completely devastated it.
NewsOne
October 25, 2024
Globalization and trade impacts also hit the Iron Range and rural America disproportionately along educational lines. Americans without college degrees lost nearly $2,000 a year in wages due to trade policies, according to the Economic Policy Institute. Broader research showed, as of 2008, that “international trade tends to make low-skilled workers in the United States worse off – not just temporarily, but on a sustained basis.”
Public News Service
October 25, 2024
In April the nonpartisan Economic Policy Institute found that since 1949 the nation’s annual real growth has been 1.2 percentage points higher under Democratic administrations than under Republican administrations and total job growth averages 2.5% annually under Democrats compared to barely over 1% under Republicans. Business investment is more than double the pace under Democrats than under Republicans; average rates of inflation are slightly lower under Democrats; and families in the bottom 20% of the economy experience income growth almost twice as fast under Democrats than under Republicans.
Nevada Appeal
October 25, 2024
South Dakota is one of 30 states, plus the District of Columbia, that has adopted a minimum wage higher than the federal minimum wage of $7.25 per hour, according to The Economic Policy Institute. South Dakota’s minimum wage is currently the 25th highest in that group.
South Dakota Searchlight
October 25, 2024
Infant care in Alabama costs on average $3,826 less than yearly in-state tuition for four-year public college, according to the Economic Policy Institute.
Alabama Reflector
October 25, 2024
A senior researcher at the Ohio River Valley Institute, Sean O’Leary, has calculated that only 18,636 jobs can be directly connected to fracking. With indirect jobs figures from the Economic Policy Institute, the total number would be about 55,000 jobs. That’s about a tenth of the number claimed by Trump.
The Independent
October 25, 2024