Media clips

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• ‘Why Am I Not Getting a Job?’: Months of No Work Show Risks

  “It is a big deal already because we’re seeing over a third of the unemployed have now been long-term unemployed,” said Elise Gould, senior economist at the Economic Policy Institute. “That’s going to be continuing to rise.”

  Bloomberg.com January 6, 2021
• Apple CEO Tim Cook’s pay soared nearly 30% last year to almost $15 million as the iPhone maker thrived amid the pandemic

  Between 1978 and 1029, pay for American CEOs increased 1,167%, compared to less than 14% for the average worker, according to an analysis from the Economic Policy Institute.

  Business Insider January 6, 2021
• COVID-19 Risk, Unemployment Rates Lowers Number Of Migrant Workers

  H-2A farmworkers, who are hired to help with seasonal harvests, make up 10% of farmworkers in the United States. Last year, there were 150,000 H2-A farmworkers in the field from January through July. According to the Economic Policy Institute, it’s a decrease from 2019, which had 257,667 H2-A certified jobs. 

  WVIK January 6, 2021
• Pennsylvania keeps workers in penury

  According to the Economic Policy Institute, the buying power of the $7.25 hourly wage has declined by 17% since 2009, the equivalent of the loss of $3,000 a year in wages for a minimum-wage worker.

  Wilkes Barre Citizens' Voice January 6, 2021
• Many Americans pulled money from retirement accounts in 2020

  Backstory: Even most older Americans report that they don’t have enough money saved for retirement, with the median family holding just $7,800 in 401(k)s, IRAs and other self-directed accounts, according to a 2019 study from the left-leaning Economic Policy Institute.

  Axios January 6, 2021
• With Senate Control, Here’s a Simple Way to Start Rolling Back Trump’s Legacy
  • Labor Department rules reducing workers’ pay. One rule “gives employers of tipped workers a loophole allowing them to capture more than $700 million annually from workers,” according to the Economic Policy Institute. Another rule freezes foreign farmworkers’ wages.
  Jacobin January 6, 2021
• Poverty Grows Despite Economic Recovery

  In a Dec. 17 report, the left-leaning Economic Policy Institute and National Employment Law Project called on states to start relief funds to “provide financial assistance for unemployed immigrant workers and other jobless workers shut out of unemployment insurance programs.”

  Pew Charitable Trust January 6, 2021
• Minimum wage increase in U.S. states adds pressure to federal push — and small businesses

  “A lot of it is really just political will,” Dave Cooper at the Economic Policy Institute told Yahoo Finance. “There’s such a deeply ingrained perspective that raising the minimum wage must lead to job losses, because it’s the basic sort of Econ 101 textbook understanding of the labor market.” Businesses “think that if my labor costs go up, … the only way they can think of is to cut back hours, cut staff. But they’re not thinking about the wider economy-wide effects.”

  Yahoo Finance January 6, 2021
• EPI Clips: 1/6/21
  January 6, 2021
• Spectrum News 1

  Obviously we head into 2021 millions of Americans are still out of work. We’re talking about 27.5 million workers who are officially unemployed either they lost their job, they had a reduction in their work hours, and that’s according to the Economic Policy Institute.

  Spectrum News January 5, 2021