Some empirically oriented economists, particularly those at the Economic Policy Institute, predicted that the corporate pillars of American capitalism would not only set up shop in China but decimate American manufacturing in the process. They were dismissed as protectionists, though their predictions proved to be entirely correct.
The American Prospect
June 3, 2024
A recent example came earlier this month from the Economic Policy Institute, written by Katherine deCourcy and Elise Gould.
Their research shows that young workers with a college degree have already economically recovered from the disruption and displacement caused by the Covid-19 pandemic. In fact, they say bluntly, “The labor market for young college graduates today is stronger than it was before the pandemic and has been for quite some time.”
Forbes
June 3, 2024
Industry Week
June 3, 2024
States continue to increase their minimum wages. Twenty-two states implemented higher minimum wages on Jan. 1, 2024, according to the Economic Policy Institute (EPI). These increases in the statewide minimum wage affected an estimated 9.9 million workers and accounted for nearly $7 billion in additional wages.
MarketWatch
June 3, 2024
Over the past decade, households have seen expenses grow more than their incomes, data from the Bureau of Labor Statistics show. Today, the median income for a family of four is $114,425, according to the Census Bureau – which is just enough to cover basic necessities for a four-person family of $104,760, according to data from the Economic Policy Institute’s Family Budget Calculator.
MarketWatch
June 3, 2024
According to data compiled by the nonpartisan Economic Policy Institute, the Black unemployment rate in Pennsylvania was 5.7% in the first quarter of 2024. In the final quarter of 2020, before Biden took office, the rate was 16.5%. In the last two quarters of that year, Pennsylvania had the highest Black unemployment rate in the entire United States.
Pennsylvania Independent
June 3, 2024
Joining Barber and his co-chair, the Reverend Dr. Liz Theoharis, was a much less conventional array of experts. The Poor People’s Campaign had, in fact, partnered with some think-tank experts, like John Cavanaugh, the director of the Institute for Policy Studies, and Thea Lee, the president of the Economic Policy Institute, to write a fourteen-point policy plan pushing for poverty relief through a steep increase in the federal minimum wage, a single-payer universal health-care program, and student debt relief. That officials from think tanks based in D.C. presented a detailed policy proposal was itself nothing new for the transition period. This was the right time to make big asks.
Rolling Stone
June 3, 2024
Still, a 2017 report from the Economic Policy Institute found that, out of the 10 most populous states, minimum wage workers were least likely to be paid the bare minimum in Florida, with wage theft affecting an estimated one in four of Florida’s low-wage workers — our neighbors, friends and family members.
Orlando Weekly
June 3, 2024
The Economic Policy Institute says the minimum living wage is the income needed for a family of one adult and one child to have a modest but adequate standard of living in the most affordable metro area.
FOX 10 Phoenix
June 3, 2024