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
In my own journey to understanding the disparity in homeownership rates and home values, I read “The Color of Law: A Forgotten History of How Our Government Segregated America,” by Richard Rothstein, a distinguished fellow at the Economic Policy Institute. Rothstein traces the roots of real estate discrimination, arguing that for too long we’ve shifted the blame to Blacks rather than own up to the federal government’s significant role in creating a “caste system” that has denied families of color the opportunity to build wealth. Government policy specifically told developers of suburban neighborhoods they could not sell homes to Blacks.
Washington Post
October 23, 2020
Economic inequality in the U.S. is “real and deeply damaging to the living standards of the vast majority of families,” Josh Bevins of the Economic Policy Institute wrote in a September opinion piece in USA TODAY.
USA Today
October 23, 2020
Los Angeles County is not alone. Research from Algernon Austin, former director of the program on race, ethnicity, and the economy at the Economic Policy Institute, shows that public employment is a crucial path to good jobs in Massachusetts.14 In just one of his many pieces on the importance of public jobs for Black workers, published by Demos, he shows that Black workers double their odds of attaining a good job or owning a home if they work in the public sector. The homeownership gap narrows to insignificant after controlling for an exhaustive list of socioeconomic confounding factors for Black workers, though it persists for other racial and ethnic minorities.
Center for American Progress
October 23, 2020
“It’s absolutely true the job market and economy are strengthening,” said Heidi Shierholz, director of policy at think tank the Economic Policy Institute and former chief economist at the Labor Department during the Obama administration.
CNBC
October 23, 2020
The industry profits by paying its employees less than the minimum wage, relying on the largesse of patrons to make up the difference. This is due to a “tip credit” employers receive from the federal government, which is supposed to equal the difference between the cash wages paid and the federal minimum wage. Unfortunately, employers routinely neglect the responsibility to make up that difference themselves. In fact, according to the Economic Policy Institute, “investigations [in 2018] of over 9,000 restaurants in the U.S. … found that 84 percent of investigated restaurants were in violation of wage and hour laws, including nearly 1,200 violations of the requirement to bring tipped workers’ wages up to the minimum wage.”
Current Affairs
October 23, 2020
Según un análisis del Economic Policy Institute, al ritmo del aumento de la tasa de desempleo generada por el coronavirus, más de 12 millones de personas pueden haber perdido sus seguros de salud desde febrero.
Hola Insurance
October 23, 2020
The longer the pandemic drags on, the larger the backlog of young people, according to Economic Policy Institute senior economist Elise Gould. Older workers could take jobs that would typical go to entry-level applicants, Gould said.
Employers “don’t necessarily even have to pay more to get workers with more experience,” Gould said. “So those young workers may be left out.”
Bloomberg
October 23, 2020