The Economic Policy Institute, a left-leaning think tank, contends that the original $3.5 trillion Build Back Better (BBB) plan would have created 4 million new jobs per year. By comparison, the Tax Foundation, a conservative think tank, estimates it would reduce economic output by nearly one percent over ten years and eliminate about 300,000 jobs due to the added tax burden involved and lessened incentives for people to work.
Forbes
November 5, 2021
“This cost of losses on the student loan portfolio held by the federal government would by definition rise a lot with full forgiveness,” Josh Bivens, director of research at the liberal Economic Policy Institute, said in an email.
The USA Today
November 5, 2021
“When we look at what’s happening in the labor market, I think we’re dealing in unprecedented times,” said Elise Gould at the Economic Policy Institute, who added there’s a reason it’s hard to predict right now.
Marketplace
November 5, 2021
And after graduation, Black borrowers are “navigating labor markets, where they’re increasingly facing discrimination that then requires them to have to return back to higher education because they believe a graduate degree will help them be a buffer against some of that labor market discrimination,” he tells CNBC Make It. According to the Economic Policy Institute, even Black workers with an advanced degree experience a significant wage gap compared with their white counterparts, with Black workers being paid 14.9% less than white workers.
CNBC
November 5, 2021
But people’s feelings about their jobs and the outlook for the economy haven’t broken up; they’re just taking a break. Those two sentiments are intertwined, per Adam Hersh at the Economic Policy Institute.
Marketplace
November 5, 2021
With the news last week that the Biden Administration’s historic paid leave proposals have been stripped from the reconciliation package, pressure is on the Administration to use other avenues to improve work-life balance for struggling families. A key first step should be restoring the 40-hour work week by ordering the Labor Department to issue much stronger regulations that bring back overtime pay coverage for the majority of the salaried workforce that used to be protected.
Democracy Journal
November 5, 2021
In places like Salinas, where agriculture is a major industry, the average rent for a two-bedroom apartment is $1,967. The average annual salary for a full-time farm worker in California is $30,000, according to the Economic Policy Institute.
The Daily Californian
November 5, 2021
But the Biden administration has been slow to undo the trade policies of his predecessor because the tariffs have support in the politically vital state of Pennsylvania. The left-leaning Economic Policy Institute said the tariffs created more than 3,000 steelmaking jobs and Raimondo said they kept workers employed, the Post reports.
UPI
November 5, 2021
In the electorally crucial state of Pennsylvania, for instance, the administration faces strong political pressure to maintain the tariffs on behalf of state steelworkers. An analysis by the Economic Policy Institute, a left-leaning think-tank, found that the tariffs created more than 3,000 steelmaking jobs. Raimondo this month said the tariffs “helped save American jobs in the steel and aluminum industries.”
Washington Post
November 5, 2021
“There’s a lot of momentum right now, but there are some very serious obstacles toward workers actually acquiring sustained levels of power,” said Heidi Shierholz, president of the Economic Policy Institute, noting that under 11 percent of American workers are represented by unions.
The New York Times
November 5, 2021
Teresa Ghilarducci is the Schwartz Professor of Economics at the New School for Social Research. She’s the co-author of “Rescuing Retirement” and a member of the board of directors of the Economic Policy Institute.
Bloomberg Quint
November 5, 2021
Join us for this virtual, multi-library event with author Richard Rothstein, Distinguished Fellow at the Economic Policy Institute and a Senior Fellow (emeritus) at the Thurgood Marshall Institute of the NAACP Legal Defense Fund.
Patch.com
November 5, 2021
The average CEO at the nation’s 350 largest public companies was paid about 351 times as much as a typical worker in 2020, according to a report by the Economic Policy Institute, or about $24.2 million on average. The ratio ticked up from a 307:1 ratio in 2019 and a 61:1 ratio in 1989.
Providence Journal
November 5, 2021
But looking at the bigger picture over the last few months shows bargaining power for workers may not last. Heidi Shierholz, president of the Economic Policy Institute, tweeted that “slower job growth in the delta-period has been accompanied by slower wage growth in most industries,” with wages growing faster between May and July than they have between August and October.
Business Insider
November 5, 2021
Josh Bivens, director of research at the Economic Policy Institute, says his preferred measure of how much Americans are earning is the Federal Reserve Bank of Atlanta’s wage growth tracker, which suggests that worker wages increased by 4.2% in September — strong growth, but not enough to keep up with inflation.
CNBC
November 5, 2021
“The pandemic recession disproportionately impacted certain groups,” said Elise Gould, senior economist at the Economic Policy Institute. “The recovery has yet to reach some of those groups that were hardest hit.”
CNBC
November 5, 2021
Once Black women graduate, they can face labor market discrimination that limits how much they earn. A Black woman with a bachelor’s degree was paid $27.76 an hour on average in 2020, according to the left-leaning Economic Policy Institute’s State of Working America Data Library, compared to $44.37 for a white man and $32.02 for a white woman. Black women with advanced degrees were paid $37.55 an hour — nearly $7 less than white men with only a bachelor’s degree.
MarketWatch
November 5, 2021
This, even though, as the Economic Policy Institute pointed out, “Compared with other women in the United States, Black women have always had the highest levels of labor market participation regardless of age, marital status, or presence of children at home.” In fact, working-class white people have benefited most from assistance from the government.
The New York Times
November 5, 2021
“Child care costs constitute a large portion of the income families need in order to achieve a modest yet adequate standard of living—and are particularly onerous for workers paid the minimum wage,” according to research from the Economic Policy Institute, or EPI. “High-quality child care is out of reach for working families.”
NBC News
November 5, 2021
“It was pretty fast wage growth. It was one data point, but we’ll keep an eye on it,” said Josh Bivens at the Economic Policy Institute.
But if employers keep raising wages this much, they could be driven to raise prices, too.
“That sort of wage-price spiral is what worries kind of macro policymakers the most. That’s the genie they don’t want to let out of the bottle,” he said.
NPR Marketplace
November 5, 2021
Josh Bivens, director of research at the Economic Policy Institute, says his preferred measure of how much Americans are earning is the Federal Reserve Bank of Atlanta’s wage growth tracker, which suggests that worker wages increased by 4.2% in September — strong growth, but not enough to keep up with inflation.
CNBC
November 5, 2021
Meanwhile, the United States, like all nations, is struggling to recover from job losses, income losses and business losses caused by the COVID-19 pandemic. Last year, the Economic Policy Institute reported that a $2 trillion-dollar investment in clean energy, energy efficiency, and infrastructure in various states would help economies recover and rebuild in ways that do not exacerbate climate change. Clean-energy investments would generate, for example:
Florida Phoenix
November 5, 2021
Meanwhile, the United States, like all nations, is struggling to recover from job losses, income losses and business losses caused by the COVID-19 pandemic. Last year, the Economic Policy Institute reported that a $2 trillion-dollar investment in clean energy, energy efficiency, and infrastructure in various states would help economies recover and rebuild in ways that do not exacerbate climate change. Clean-energy investments would generate, for example:
Florida Phoenix
November 5, 2021
Join us for this virtual, multi-library event with author Richard Rothstein, Distinguished Fellow at the Economic Policy Institute and a Senior Fellow (emeritus) at the Thurgood Marshall Institute of the NAACP Legal Defense Fund.
Patch.com
November 4, 2021
A report from the Economic Policy Institute cites a median hourly wage for child care workers of $10.31 an hour.
Cronkite News
August 27, 2021
Heidi Shierholz, an economist with the Economic Policy Institute, argues there isn’t a labor shortage outside of the hospitality and leisure industries. The classic sign — rising wages — is confined to that sector and, even with a boost in pay, leisure and hospitality have only risen to their pre-pandemic levels, she says. In a survey by One Fair Wage, more than half of respondents say they considered leaving their restaurant jobs due to low wages and tips.
…
The Economic Policy Institute’s Shierholz says there won’t be any real realignment of the economy without massive policy changes, including raising the minimum wage and rate of unionization.
“There’s a ton of evidence that employers of low- and middle-wage workers have had the power to suppress workers’ wages, and that dynamic has been growing for decades,” she says. “We can pay our lowest paid workers more. Instead, the minimum wage is 30 percent less than it was in 1968.”
Rhode Island Monthly
August 27, 2021
The Economic Policy Institute reports that “from 1978 to 2020, CEO pay based on realized compensation grew by 1,322%, far outstripping S&P stock market growth (817%) and top 0.1% earnings growth (which was 341% between 1978 and 2019, the latest data available).” It adds, “In contrast, compensation of the typical worker grew by just 18.0% from 1978 to 2020.”
Counterpunch
August 27, 2021
Black-white wage gaps are large and have grown larger in the last 20 years, according to the Economic Policy Institute.
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That wage gap was 26.5% in 2019, according to the Economic Policy Institute. The gap has remained between 18% and 22% for workers with high school education, college degrees and advanced degrees.
The EPI report found that white workers are paid more than Black workers at almost every education level, including those with advanced degrees. For example, college-educated white workers earn an average of $35.90 an hour while Black workers at the same education level earn only $27.81.
Capital and Main
August 27, 2021
Childcare has always been an issue and now we are forced to reckon with its direct economic and social impact. Research by the Economic Policy Institute estimated that “an investment that capped child care expenditures at 10 percent of family income could increase overall women’s labor force participation enough to boost GDP by roughly $210 billion”.
Forbes
August 27, 2021