Media clips

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• The One-Size-Fits-All Narrative of Your 20s Needs to Change

  And the economy is not in our favor. Though we’re the largest part of the workforce, young Millennials own less than 5 percent of the wealth in the United States. When Baby Boomers were in their 20s, they controlled about 21 percent. According to the Economic Policy Institute, from 1979 to 2019, productivity rose 72 percent in the U.S. while hourly pay increased only roughly 17 percent.

  The Atlantic June 17, 2021
• Have Covid layoffs killed some jobs for good?

  These permanent losses are likely to prolong the country’s economic recovery, our Megan Cassella has reported. While a furloughed worker is likely to get their job back with businesses returning to normal operations following widespread vaccination and relaxed health restrictions, “a permanently laid-off worker has to wait for an employer to create a new job, then apply and get matched with the right one,” Megan explained.

  IN OTHER WORDS… “Those jobs, that labor demand, went away when those businesses closed,” Heidi Shierholz, director of policy at the left-leaning Economic Policy Institute and a former chief economist at the Labor Department, told MS in an email. “It will take a little time for new businesses to be formed to take the place of businesses that were lost. So at this point, there are still not nearly enough jobs to go around; right now we still primarily have a labor demand problem.”

  Politico Morning Shift June 17, 2021
• Will cutting federal unemployment benefits push job growth?

  Getting workers in the right jobs, those that they’ll stay in, is better for them and for the economy. And, in most industries, “there are still more unemployed people than there are job openings,” said David Cooper with the Economic Policy Institute. One exception is leisure and hospitality, where businesses are struggling to hire. But he says that’s to be expected in a low-wage industry that’s seeing a surge in demand.

  “Even in the best of circumstances, it’s going to take time for employers to staff up,” Cooper said.

  NPR Marketplace June 17, 2021
• GOP Senators Move To End Pandemic Unemployment Benefits Early

  Obviously, it’s going to be a hardship for some. They are losing money that might have been helping to pay the rent or to buy groceries. In some instances, they might be forced into taking a job they don’t feel comfortable at and possibly missing out on a job that would be a better fit down the road. To be sure, some people might find jobs right now that are going to be very satisfying.

  But Elise Gould, who’s with the left-leaning Economic Policy Institute, says she doubts this experiment is actually going to result in a lot more people going back to work more quickly than they otherwise would.

  ELISE GOULD: Those workers and their families are all of a sudden going to lose a vital lifeline without really having any safety net behind them. I think it’ll be interesting to see what happens in terms of filling jobs in those states versus the states that have continued to provide that support to workers and their families. And I would be very surprised if we see much a difference.

  NPR June 17, 2021
• USPS: Por que a privatização dos Correios nunca avançou nos EUA

  “Os Estados Unidos têm uma peculiaridade”, afirma a economista Monique Morrissey, do centro de estudos progressista Economic Policy Institute (EPI).

  Dois tipos de conservadores convivem no Partido Republicano, diz ela. Há os conservadores liberais, pró-mercado, aqueles que defendem o Estado mínimo e outras posições que, muitas vezes, se confundem com a ideologia predominante do partido, e há os conservadores nacionalistas e religiosos.

  BBC Brazil June 17, 2021
• Companies like Chipotle are boosting prices, but CEOs multimillion dollar pay packages aren’t getting any smaller

  Critics of sky-high CEO pay, like the Economic Policy Institute, say the enormous compensation packages are “a major contributor to rising inequality that we could safely do away with.”

  “This escalation of CEO compensation, and of executive compensation more generally, has fueled the growth of top 1.0% and top 0.1% incomes, leaving less of the fruits of economic growth for ordinary workers, ” EPI said in a report released last year.

  Business Insider June 17, 2021
• How the White House’s Shift on Unemployment Insurance Could Undermine Its Own Economic Agenda

  A team of White House economics advisers had, ostensibly, convened a brain trust of left-leaning think tanks and policy experts on Monday evening to discuss how they might help President Joe Biden build a case for his economic agenda, a pair of proposals hitting the skids in negotiations with both Republican senators and their moderate Democratic colleagues.

  But the wonks wouldn’t get down to business until Biden’s aides addressed one matter: Why had Biden and the White House appeared to have abandoned support for the supplemental unemployment benefits buoying workers through the fragile economic recovery? Representatives from multiple organizations—including the Economic Policy Institute, the National Women’s Law Center, and the Hamilton Project—raised the issue when it was their turn to speak, according to sources familiar with the meeting. Attendees didn’t belabor the subject, but the message was clear: The administration’s recent messaging on the subject is a real problem.

  Mother Jones June 17, 2021
• Increasing Minimum Wage to $15 Would Raise Pay for Half a Million Child Care Workers, Report Finds

  More than a half-million child care workers would see a pay raise if the minimum wage was increased to $15 per hour, according to a new report.

  The Economic Policy Institute (EPI) found that more 43.5 percent of child care workers, or 560,000 people, would benefit from the minimum wage being bumped to $15 per hour in the next four years.

  Roughly 95 percent of the child care workers who would get a pay raise are women, and 36 percent are Black or Hispanic. Black and Hispanic child care workers would see their yearly income rise by $3,200 and $3,100, respectively.

  “Low wages for child care workers reinforce existing racial and gender inequality, since both Black child care workers and women are particularly likely to see their wages increase with a $15 minimum wage,” Julia Wolfe, a co-author of the report and state economic analyst for EPI, said in a statement. “Child care workers deserve to be paid a wage that better reflects the value of their work and allows them to care for their own families.”

  Newsweek June 17, 2021
• June 17, 2021
  June 17, 2021
• USA: Businessmen redouble their efforts in favor of immigrants

  “The priorities for business have not changed,” said Daniel Costa, director of immigration law and policy research at the Economic Policy Institute in Washington. “The main difference is that under Trump, the majority knew there was no way immigration reform could be passed … but now there is a president who is willing to sign and sign an immigration bill into law,” he explained.

  Associated Press June 17, 2021