Pelosi ought to be organizing economic history seminars for her caucus with people like Cecilia Rouse, Heather Boushey, and Jared Bernstein of the Council of Economic Advisers, and outside experts like Damon Silvers of the AFL-CIO and Heidi Shierholz of the Economic Policy Institute, and a whole bunch of people who can make sure that House Democrats know this history.
New Republic
November 12, 2021
More than half of all workers who vote to form a union are still without a collective bargaining agreement a year later, according to the Economic Policy Institute, a think tank.
Associated Press
November 12, 2021
“With these welcome gains on top of significant improvements early in the summer, the recovery appears to be getting back on track,” said Elise Gould, a senior economist at the Economic Policy Institute. “That said, significant job shortfalls remain, especially in leisure and hospitality as well as both private and public sector education employment.”
Sinclair Broadcast Group
November 12, 2021
”These are all policies that go straight at the problems that both workers and employers are confronting in the labor market today, and I think that’s something that lawmakers in Maine and throughout the country should really take note of,” said David Cooper, Economic Policy Institute.
Central Maine
November 12, 2021
Nationally, one in six Latino workers and one in five Black workers were able to work from home, compared with one in four white workers, according to David Cooper, director of the left-leaning, Washington, D.C.-based Economic Policy Institute’s Economic Analysis and Research Network.
Portland Press Herald
November 12, 2021
“Sources of outrage right now are not lacking,” Heidi Shierholz, president of Economic Policy Institute, told Recode. “It’s against the backdrop of your employer making all kinds of profits, and we’ve all just gone through total hell. I would guess it ups the outrage factor.”
VOX
November 12, 2021
“The last couple months were slower,” Elise Gould, a senior economist at the Economic Policy Institute, said of the restaurant labor market. “That’s very much delta-driven… many workers may be concerned about conditions and their own health and the health of their family members.”
Restaurant Dive
November 12, 2021
The left-leaning Economic Policy Institute also criticized the study, suggesting that the data and methodology couldn’t distinguish between the effects of wage increases and other factors. It called the estimated job loss “implausibly large and well outside the range of existing research on the minimum wage.”
StarTribune
November 12, 2021
The burst of the housing bubble that led into the Great Recession left low- and middle-income homeowners struggling. Households in the bottom four-fifths saw a 39% drop in net worth between 2007 and 2010, while the top 20% lost only 14% of net worth. Meanwhile, the top 1 percent of household income has grown 229% since 1979, according to the Economic Policy Institute. That is far greater than for the bottom 90% of households. Their growth was just 46%.
Caledonian Record
November 12, 2021
“It’s important to note that Black, Latinx, Native American and low-income workers generally are the least likely to have been in that third category of those able to work safely at home,” David Cooper, a director at the liberal Economic Policy Institute, said.
Bangor Daily News
November 12, 2021
Financial regulators are treading into matters related to environmental, social and governance (ESG), issues at an unprecedented pace, proposing rules and undertaking other initiatives that could ultimately play a role in addressing the nation’s income inequality crisis. The CEO–worker gap has exploded in the last four decades: While CEO compensation has grown 1,322% since 1978, the average U.S. worker’s compensation has risen just 18%, according to the Economic Policy Institute.
Fast Company
November 12, 2021
Second, it is dramatically increasing support for working families through the Wisconsin SHARES program from 35 to 80 percent of the cost of care. The average cost for infant care in Wisconsin is $12,597, according to the Economic Policy Institute so for an eligible family with one child they would see a savings of $5,669 per year.
WisBusiness.com
November 12, 2021
Indeed, because of the obsession with not increasing deficits, the entire spending program will be mostly paid for by taxes. That means little net macroeconomic stimulus, though the improvements to productivity should be good for noninflationary growth. As Josh Bivens of the Economic Policy Institute explains, CBO’s analysis indicates there is still plenty of slack in the economy for noninflationary expansion.
The American Prospect
November 12, 2021
Features Josh discussing CPI data.
Scripps National News
November 12, 2021
Economic self-sufficiency is the ability to reliably meet basic needs, including food, housing, transportation, child care, medical expenses and other necessities. The Economic Policy Institute, a nonpartisan think tank, provides a Family Budget Calculator that calculates measures of economic self-sufficiency across the country.
MarketWatch
November 12, 2021
Democrats are quick to note that Hawley, for all his expressed concern about opportunities for working-class men, opposes the Biden economic agenda (both the bipartisan infrastructure bill and the broader reconciliation package), even though the plan targets many of its new benefits toward blue-collar families and would create millions of jobs in construction, manufacturing, and caregiving that do not require a college degree, according to analysis by the liberal Economic Policy Institute.
The Atlantic
November 12, 2021
“For now, people are unhappy and inflation is why,” said Josh Bivens, director of research at the left-leaning Economic Policy Institute, who believes that price hikes will moderate next year.
CNN
November 12, 2021
Hamblin’s experiences are not exclusive to her. Activists and moms told USA TODAY there is a glaring hole in the nation’s laws that ensure accommodations and accessibility for mothers to pump breast milk for their infants while at work. Nearly 9 million people aren’t covered by the current federal law, according to estimates from the Economic Policy Institute.
The USA Today
November 12, 2021
But here’s the thing: When Amazon comes to town and starts hiring, it doesn’t necessarily equal more jobs overall, per Ben Zipperer with the Economic Policy Institute.
Marketplace
November 12, 2021
Josh Bivens, director of research at the Economic Policy Institute, says workers currently have unique power to ask for more.“Normally, it takes some time for higher inflation to really start to pull up wages in its wake as workers bargain with the higher inflation in mind,” he says. “I think now we’ve got a strange situation where inflation is spiked, people really have it on their mind and there are really big pockets of labor market tightness in the economy, like in leisure and hospitality.”
CNBC
November 12, 2021
“According to the Economic Policy Institute, the Build Back Better Act’s macroeconomic boost looks more valuable by the day, said that on November 3, 2021. Their analysis shows the U.S. economy is not overheating due to too much fiscal relief and recovery provided earlier this year, expert after expert after expert says that. Did we have pent-up demand? We did.
PR Newswire
November 12, 2021
The result is what economist Josh Bivens of the labor-oriented Economic Policy Institute calls the “unwarranted leap” of attributing the recent price spikes to “‘too much’ fiscal relief and recovery.” There’s no evidence that merely providing more assistance to ordinary households caused inflation and therefore should be abandoned.
Los Angeles Times
November 12, 2021
“I would expect over the next year the price inflation to relent a bit, and most of the wage growth to stay — and so I think they’re going to come out ahead,” said Josh Bivens, the director of research at the left-leaning Economic Policy Institute. “But yeah, this inflationary spike has definitely bit into the growth of paychecks.”
Washington Post
November 12, 2021
“Workers have employers over a barrel for a little while,” Josh Bivens, director of research at the Economic Policy Institute, told her. “I don’t think it’s going to last all that long. But for now, I think workers see the higher inflation, they see employers in some sectors are pretty desperate to attract workers, and they think ‘I’m gonna go for it.’”
CNBC
November 12, 2021
Caroline Hyde, Romaine Bostick & Taylor Riggs bring the news and analysis you may have missed after the closing bell on Wall Street. Today’s show tackles the jobs report Guests Today: Elise Gould of Economic Policy Institute, Christian Smalls of the Amazon Labor Union.
Bloomberg TV
November 12, 2021
As a result, some reliable indicators of the economy have become less reliable. Yes, there has been a solid recovery in hiring yet so many people have stopped working or seeking jobs that the adjusted unemployment rate is closer to 7.3%, instead of 4.6%, said Heidi Shierholz, president of the liberal Economic Policy Institute and a former chief economist at the Labor Department.
The Associated Press
November 12, 2021
Josh Bivens, an economist at the left-leaning Economic Policy Institute, said he thinks inflation would be lower today if the most recent coronavirus relief bill hadn’t passed. “But I also think we’d have created far fewer jobs over the past year, and people’s wages would be lower — their incomes would be lower.” Bivens added that the generous relief package gave workers the financial cushion and leverage to negotiate higher earnings or switch to better jobs, setting the stage for a massive reassessment of work in America.
Washington Post
November 12, 2021
Economic Policy Institute President Heidi Shierholz joined “Bloomberg Markets: Americas” with Guy Johnson and Taylor Riggs to discuss the U.S. October Payrolls number which blew away estimates.
Bloomberg TV
November 12, 2021
Heidi Shierholz and Michael Strain talked about the U.S. economy and President Biden’s Build Back Better agenda.
C-SPAN
November 12, 2021