“It’s everything on stimulus,” Heidi Schierholz, policy director of the left-leaning Economic Policy Institute, told Business Insider. “It’s everything because if there is a Democratic-controlled Senate, they will be able to get a sizable package through reconciliation.”
She continued: “Without that, it will come down to Senate Republicans on what a relief package, if any, looks like. They’ve given plenty of signals where they are on that.”
Markets Insider
November 23, 2020
“Prop 22 showed that companies and big corporations can buy their way out of providing protections for workers under the law,” said Margaret Poydock, a policy associate for the Economic Policy Institute, a pro-labor think tank.
The Washington Post
November 23, 2020
Thea Lee, the president of the Economic Policy Institute, said Yellen’s work on unemployment as chair of the Federal Reserve helped “tilt the balance of priorities at the Fed” away from just controlling inflation.
“[Brainard and Yellen] have been through the political ringer a lot,” Lee said. “They both have a good shot at confirmation.”
Government Executive
November 23, 2020
Economists say other relief policies have proved more effective at boosting the economy. For instance, an extra $600 in weekly unemployment pay helped bolster households that had suffered job or income losses — until it expired in July. In May alone, the program boosted personal income by $842 billion, according to the Economic Policy Institute. That money helped support local businesses, keeping the economy from collapsing under the impact of lockdowns.
CBS News
November 23, 2020
When the coronavirus pandemic started spreading across the country in the spring, nearly a quarter of all young workers — defined as ages 16 to 24 — lost their jobs, according to the Economic Policy Institute. One in four young people just starting out in the workforce had their futures put on hold indefinitely. And they’re not alone: Axios in October reported that the “true unemployment rate” for Americans of all ages is over 26%.
Business Insider
November 23, 2020
Those deferrals add up. In 2014, the Joint Committee on Taxation projected the revenue loss from deferrals at $83.5 billion, and the nonpartisan Economic Policy Institute estimated in 2017 that deferred taxes on offshore profits will cost the U.S. $1.3 trillion over the next decade, or about $126 billion a year.
Salon
November 23, 2020
24/7 Wall St. used data from the Economic Policy Institute’s Family Budget Calculator to identify the most expensive place in every state. We ranked counties based on the estimated monthly cost for a single adult to maintain a modest yet adequate standard of living.
24/7 Wall St.
November 23, 2020
Black and Latino communities, who have seen more job loss in this recession and have less wealth to fall back on, are at particularly high risk for prolonged unemployment, and the lack of stimulus threatens to hit these workers the hardest, according to Heidi Shierholz, senior economist and director of policy at the left-leaning Economic Policy Institute.
USA Today
November 23, 2020
The Economic Policy Institute’s most recent study of 40-plus years of U.S. productivity and hourly compensation shines light on the root of the discontent in our society. It shows that the productivity and compensation of average American workers dovetailed from 1948 to 1973. Productivity increased by 96.7% and hourly wages by 91.3%. The average workers were among the recipients of the nation’s prosperity.
VC Star
November 23, 2020