Media clips

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• Economists: Initial jobless claims are sobering sign

  The U.S. could be headed for a “double-dip recession”—a second recession that begins before recovery from the first is complete—if Congress does not provide some sort of relief before the end of the year, said Heidi Shierholz, senior economist and director of policy at the Economic Policy Institute, a liberal think tank.

  “The response to the virus has been so poor, and it’s becoming clear in the labor market,” Shierholz said.

  The Balance December 14, 2020
• Durham fast-food workers demand living wage, COVID protections

  According to a University of California at Berkeley analysis, raising the minimum wage in the 1960s directly led to a 20% drop in income inequality for Black Americans. According to the Economic Policy Institute, a federal minimum wage of $15 an hour would increase wages for 38.1% of all Black workers. It is perhaps the most powerful single measure to lift wages and opportunity for the poorest workers and a major step toward shrinking America’s chiasmic racial and gender wage gap.

  The Triangle Tribune December 14, 2020
• Warren joins chorus urging Biden to raise minimum wage to $15 an hour for federal contract workers on day one

  But as Heidi Shierholz of the Economic Policy Institute (EPI) wrote for The American Prospect last month, “there is plenty that President Biden can do to support working people that doesn’t require Congress.”

  “One key area is the federal contracting system. While the president cannot—without Congress—increase the federal minimum wage, the president can, through executive power, increase the minimum wage of workers on federal contracts,” Shierholz noted. “The impact would be substantial.”

  Common Dreams December 14, 2020
• The ghosts of Christmas present: GOP kick the most vulnerable amid pandemic

  In late October as the coronavirus pandemic raged, the Economic Policy Institute released a study showing that it isn’t just morally right but an economic necessity to deal with poverty in this country and fast. “If America does not address what’s happening with visionary social and economic policy,” as that study put it, “the health and well-being of the nation are at stake. What we need is long-term economic policy that establishes justice, promotes the general welfare, rejects decades of austerity, and builds strong social programs that lift society from below.”

  Common Dreams December 14, 2020
• Austerity kills. PAYGO must go.

  This is not simply an esoteric parliamentary debate that has no impact on people’s lives. PAYGO rules, and austerity politics in general, have caused real pain. In a paper entitled “The bad economics of PAYGO,” the Economic Policy Institute noted that, “The recovery from the Great Recession was the slowest in post-World War II history, and the degree of fiscal austerity can entirely explain its slowness.”

  This “slowness” meant increased unemployment, increased hunger, decreases in access to health care, and an overall increase in mortality. Yes, austerity politics kill.

  Jacobin December 14, 2020
• To win Georgia and the Senate, Democrats need to go all-in on $15 minimum wage

  Georgia is ripe for this kind of economic message. According to an analysis done by the Economic Policy Institute, 34.7 percent of Georgian workers would get a raise if the federal minimum wage were increased to $15 an hour. That’s over 1.5 million people earning on average an extra $3,700 a year.

  The Hill December 14, 2020
• Our youngest ‘self-made’ billionaire, our wealthy’s oldest bogus claim

  CEOs in this country are also making fantastically big bucks. They’ve spent recent decades growing the gap ever wider between what they take home and what their workers earn. Major chief execs, the Economic Policy Institute calculates, now make 320 times worker pay, up from 21 times worker pay in 1969 and 61 times in 1989.

  Common Dreams December 14, 2020
• If Democrats want to succeed, they will have to implement policies that primarily benefit the working class

  The broadest and most effective way to increase wages is a tight labor market. According to an Economic Policy Institute analysis, wages for the bottom 90% of workers grew the most during the low unemployment years of 1995-2000 and 2013-2019.

  Common Dreams December 14, 2020
• Women are leaving the workforce in droves in southwest Ohio. Here’s what they’re saying about why

  She worries that hard-won gains narrowing the pay gap between men and women will be eroded. Ohio women are paid 86 cents for every dollar earned by men, according to a 2019 Economic Policy Institute analysis.

  Dayton Daily News December 14, 2020
• McConnell blows up relief bill because it helps too many people

  Now, he’s torpedoed a compromise bill amid a massive spike in coronavirus cases and a slowing recovery, with fewer jobs being created and more workers applying for unemployment benefits. A report from the Economic Policy Institute says that without more virus aid, “millions more jobs will be lost.“

  The American Independent December 14, 2020