“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
Competitive Enterprise Institute’s Ryan Young and Economic Policy Institute’s Robert Scott discussed the current state of supply chains and the larger implications of international trade
C-SPAN
December 13, 2021
It’s the latest example of the country’s growing CEO wage gap. In August, Washington D.C.-based think tank Economic Policy Institute estimated that CEO compensation had grown by 1,322% since 1978, compared to just 18% for overall compensation.
CNBC
December 13, 2021
As companies have pulled out all the stops to bring people back to work, the minimum wage continues to be a hot topic of conversation. The Economic Policy Institute notes several potential benefits of a $15 federal minimum wage, including an increase in wages for 59% of those below the poverty line.
GoBankingRates
December 13, 2021
In April 2020, the national unemployment rate reached its highest level on record. And the Economic Policy Institute (EPI) reports that as of October 2021, nearly 17 million workers had suffered some sort of economic setback resulting from the pandemic.
The Motley Fool
December 13, 2021