According to the Economic Policy Institute (EPI), the passage of Prop 22 would “give digital platform companies a free pass to misclassify their workers” as independent contractors rather than employees, enabling them to deny workers a whole slew of benefits:
Common Dreams
October 26, 2020
In 2000 Biden championed and voted for President Clinton’s initiative to normalize trade relations with China and facilitated its entry into the World Trade Organization in 2001. China’s economic rise contributed to the closing of some 60,000 U.S. factories.
The Economic Policy Institute reported that it also cost about 3.7 million U.S. jobs, mostly in the manufacturing sector.
The Hill
October 26, 2020
Across the country, just 20% of Black workers are able to work from home, compared to 30% of White workers and 37% of Asian workers, according to the Economic Policy Institute. While white collar professionals work remotely, service industry workers must go to work and risk being exposed to Covid-19 or go without income at all.
CNBC
October 26, 2020
For a “modest yet adequate standard of living,” the Economic Policy Institute estimates that a parent like Jimenez would need to make $8,221 a month, or $98,652 a year. She currently makes $400 monthly working a Friday shift, thanks to Abraham’s school, which is off most of that day so she can leave him with a cousin who agreed to watch him occasionally. With the $100 she makes each week, Jimenez has to pay for food, gas, insurance, internet, and school supplies for the week. She often has to cut down on food and she’s late multiple months on her PG&E bill.
The Mercury News
October 26, 2020
Even before the pandemic, Gen Z had a higher-than-average unemployment rate: 8.4% in April, May and June 2019. But it jumped to 24.4% this past spring when the pandemic hit, according to research from the Economic Policy Institute. Meanwhile, the unemployment rate for workers ages 25 and up was only 2.8% pre-pandemic and rose to 11.3% during April, May and June of this year.
CNBC
October 26, 2020
Trump also rejected the globalist axiom that trade deals and unfettered immigration were better for Americans. The US has lost 3.7 million jobs to China since 2001, according to the Economic Policy Institute. And this undermining of our workers with cheap foreign labor did nothing to encourage openness and democracy in Beijing.
New York Post
October 26, 2020
And, even if and when Congress does free up funds, no stimulus package will be able to mitigate the consequences if a conservative majority on the Supreme Court rules the Affordable Care Act unconstitutional in the coming months. The Economic Policy Institute has estimated that nearly 30 million Americans could lose their insurance, rendering them peculiarly vulnerable to economic devastation if they fall ill, and more than a million workers could lose their jobs in health care fields.
Truthout
October 26, 2020
The stock market has improved overall in the months since COVID-19 shutdowns spurred a recession, which is good news for some investors, but millions of working Americans are still hurting. While the number of new unemployment claims is slowly shrinking, at least 24 million people were receiving or waiting unemployment claims last week, and job growth is slowing, according to the Economic Policy Institute (EPI). Last week was the 31st straight week that total initial claims — about 1.1 million — were far greater than the worst week of the Great Recession.
Truthout
October 26, 2020
Top UK corporate execs currently average 126 times the pay of average British workers, a gap substantially wider than the corporate pay divide in the rest of Europe but far lower than Corporate America’s astounding gap. U.S. CEOs, the Economic Policy Institute reports, last year averaged 320 times the compensation of average workers in their industries, up from 31.4 times in 1978.
Inequality.org
October 26, 2020
Yet, for the first half of the Trump administration, during 2017 and 2018, real income growth for the typical household grew at less than half the rate it did in the two years before he took office, according to a previous analysis by Capital & Main and the Economic Policy Institute. All but two states experienced a trend of slower growth in median household income for the first two years of Trump’s presidency compared to the prior two years. The poorest households also saw slower income growth in Trump’s first two years compared with Obama’s last two years.
It was only in 2019 that the picture brightened for many Americans. The low unemployment rate and prolonged expansion likely led to rising incomes in 2019 as more people found jobs in a tight labor market, says David Cooper of the Economic Policy Institute.
Capital and Main
October 26, 2020