From 1978 to 2018, CEO compensation grew 940 percent, according to the Economic Policy Institute. And yet, in 2017, Trump and the Republican Congress cut the corporate tax rate from 35 percent to 21 percent.
Rolling Stone
June 11, 2021
Child-care workers have been hit hard by the Covid-19 pandemic. But a new report finds that raising the federal minimum wage to $15 per hour could benefit more than half a million employees.
The progressive Economic Policy Institute estimates that if the federal minimum wage is gradually increased from $7.25 per hour to $15 per hour by 2025, roughly 560,000 workers in the child-care sector will benefit.
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“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,” says Julia Wolfe, co-author of the report and state economic analyst for EPI. “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.”
CNBC
June 11, 2021
The Economic Policy Institute brought up the point that not everyone can work from home. A person’s job type is one key reason.
“Only 16.2% of Hispanic workers and 19.7% of Black workers can telework,” The Economic Policy Institute reported.
Black Enterprise
June 11, 2021
“This will cut aid to nearly four million impacted workers, despite the absence of compelling evidence that jobless benefits are causing problems in the labor market,” Heidi Shierholz, senior economist and director of policy at the Economic Policy Institute, argued in a recent New York Times op-ed.
“Instead, we have considerable evidence that it is helpful.”
CNBC
June 11, 2021
We start the hour talking with ProPublica’s JESSE EISINGER, an author on “The Secret IRS Files” report, about what they found, how the rich avoid paying their fair share, and what it reveals about inequities in our tax code. Then, we examine the uneven economic recovery and the pandemic’s impact on income inequality and the racial wealth gap. Our guest is VALERIE WILSON from the Economic Policy Institute.
WHYY
June 11, 2021
Walsh can continue his overtures to Republicans to minimize adversarial exchanges, but Democratic members losing patience with GOP opposition to Biden’s jobs and social-policy agenda want the secretary to make a difference in the policy arena—even if that means abandoning the niceties.
“I would hope that the Education and Labor Committee pushes for a proactive agenda that the secretary is committed to and political capital is spent around accomplishing,” said Celine McNicholas, director of government affairs at the Economic Policy Institute. “Because as we emerge from the pandemic, if changes aren’t made to our workplace system of rights, then we know what type of recovery we will have—an unequal recovery where workers will pay a price.”
Bloomberg Law
June 11, 2021
A recent study by the Economic Policy Institute highlighted another factor that’s driving wages up: More tipping at restaurants and bars, as customers return.
If that’s a large contributor to wage increases, then pressures should ease once restaurants reach full capacity, according to Josh Bivens, EPI’s director of research.
“So long as the industries that are seeing the really rapid wage growth are also the ones seeing really rapid employment growth, that actually doesn’t strike me as a shortage,” he said. “That strikes me as how economies adjust to a big increase in demand.”
Bloomberg
June 11, 2021
A report from the left-leaning Economic Policy Institute (EPI) found that “nearly all the states cutting UI still have significantly fewer jobs than before the pandemic.” In Texas, for instance, nearly one million workers are “officially unemployed,” meaning that they’re actively looking for work but haven’t had luck yet.
Business Insider
June 11, 2021
Broadly, 7.9 million workers said that they were not able to work because their work closed or lost business due to the pandemic. A recent report from the left-leaning Economic Policy Institute found that Black and Hispanic workers were less likely to be able to telework compared to white peers.
Business Insider
June 11, 2021
The lower teen unemployment rate is “not unequivocally great news,” said Elise Gould, senior economist at the Economic Policy Institute.
For one thing, the amount of people in this group seeking work actually slipped slightly from April to May. Some job seekers might not be seeing opportunities and leaving the workforce altogether, she said.
MarketWatch
June 11, 2021