Veterans make up almost 7% of all state and local government workers, and – like individuals and businesses – those units of government are sustaining dramatic financial losses.
“More than one million veterans –13.2% of all veterans – work for state and local governments and could be severely impacted by the Senate’s failure to provide timely federal aid,” reported John Schmitt and Naomi Walker of the Economic Policy Institute (EPI). “Because state and local governments are extremely restricted in how they can borrow, congressional authorization for state and local fiscal support is vital to prevent deep cuts in health care and education.”
Canton Daily Ledger
November 9, 2020
It’s important to keep the October numbers in context, according the Economic Policy Institute. “The unemployment rate for Black workers remains higher than the peak of the overall unemployment rate in the Great Recession,” Elise Gould, senior economist, wrote Friday.
MarketWatch
November 9, 2020
Los latinos en Nueva York eran el grupo más ha afectado el desempleo para el segundo trimestre del 2020, en medio de la crisis económica provocada por el coronavirus, de acuerdo a un reporte del Economic Policy Institute que estudia las necesidades de los trabajadores de ingresos bajos y medios.
Univision
November 9, 2020
An illustration of the widening chasm is available in statistics from the Economic Policy Institute thinktank.
In 1965 the typical CEO in an American company received 20 times the average wages for shopfloor employees. By 1989 this ratio was 58 to 1. In 2018 this had increased to 278 to 1.
Between 1978 and 2018, the average CEO salary increased by 1000.7%. Wages for the average worker over the same period went up by 11.9%.
Irish Examiner
November 9, 2020
Vanguard Collegiate Academy founder Robert Marshall, in Indianapolis, learned early in the pandemic how important parental involvement was to student engagement. Many of his students’ parents had to work outside the home, which interfered with their ability to support their children in online learning, especially in the lower elementary grades. Marshall was not surprised by data from the Economic Policy Institute that showed only 19.7 percent of Blacks and 16.2 percent of Latinos can telework and support their children’s learning throughout the day.
The Washington Informer
November 9, 2020
H-2A visa holders work under precarious circumstances, and they have been hit hard by the COVID-19 pandemic despite being deemed essential, said Daniel Costa, the director of Immigration Law and Policy Research at the Economic Policy Institute.
“Despite the fact that wages are going up a little bit, there’s still a labor market where almost half of farmworkers are undocumented,” Costa told the Daily Poster. “Ten percent of them are on [H-2A] work visas that don’t allow them to switch employers, so they are very exploitable. And there are lots of cases of wage trafficking.”
Jacobin
November 9, 2020
“This is absolutely a wage cut for migrants who are H-2A farmworkers,” said Daniel Costa, director of immigration law and policy research at the Economic Policy Institute. “H-2A farmworkers will not benefit from any natural wage growth that occurs for three years—during what farm owners are saying is a severe labor shortage, which is exactly when you would expect wages to grow in a free market.”
The Counter
November 9, 2020
The result “says a lot about how much voters in both parties are looking for government and policy makers to do something about the state of wages in America right now,” said David Cooper, senior economic analyst at the Economic Policy Institute, an independent, non-profit think tank.
“People want to see their pay checks grow, and this is a very easy, straightforward way to do it for a lot of people,” Cooper said.
CNBC
November 9, 2020
Yes, executive compensation is huge. A study published by the Economic Policy Institute found that chief executive compensation rose 14% in 2019 to $21.3 million. Chief executives now earn 320 times as much as a typical worker.
Boston Herald
November 9, 2020
Liberals say the perception that Obama saved the banks in 2008 and 2009 while letting homeowners go bust sowed the seeds of Trumpism. “One of the things Democrats have learned is that unless there is real change, that working people really do feel a difference, we would be setting the stage for another Trump. A different Trump, but another Trump,” says Heidi Shierholz, senior economist and director of policy at the Economic Policy Institute in Washington. “It is really important that economic growth is more broadly shared.”
Bloomberg Businesweek
November 9, 2020