While Ferry pointed to 500,000 new manufacturing jobs in the three years pre-coronavirus, an August study from the left-leaning Economic Policy Institute found the gains were “exactly on par with gains” from 2010-19. Since January, 720,000 manufacturing jobs have been subsequently lost.
South China Morning Post
October 22, 2020
Biden wants the 12.4% Social Security tax to kick back in for incomes above $400,000. The move takes square aim at the country’s highest earners. For example, the average salary for a CEO at the 350 largest publicly-traded companies was $1.325 million (as part of a $21.28 million projected pay package), according to the left-leaning Economic Policy Institute.
MarketWatch
October 22, 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.
CBS News
October 22, 2020
Women are dropping out of the workforce in much higher numbers than men. Valerie Wilson of the Economic Policy Institute explains that women are overrepresented in jobs that have been hit hardest by the pandemic and child care has gotten harder to come by.
NPR
October 20, 2020
Roughly 29.8 million people nationally would lose their health insurance if the ACA were repealed, which would be more than double the number of people without health insurance, the Economic Policy Institute has projected. That would include 1,150,000 people in Illinois.
Chicago Tribune
October 20, 2020
The Columbus wage theft ordinance is important and not just because it’s Ohio’s capital and largest city, with almost 900,000 people, but also because it could be a precedent elsewhere. Studies by the Economic Policy Institute and Good Jobs First show wage theft is a national problem, and that strong deterrence can force other firms into obeying the law.
In 2017, EPI analyzed data from the 10 most-populous states, including Ohio, and concluded “2.4 million workers—or approximately 17% of eligible low-wage workers in those ten—lose $8 billion each year in unpaid minimum wages. Based on these findings, EPI estimates ‘total wages stolen from workers due to minimum wage violations exceeds $15 billion each year,’” the National Employment Law Project reported.
People’s World
October 20, 2020
The three fields that suffered the largest job losses between February and May of this year are hospitality, retail, and “other services,” according to the Economic Policy Institute, and nearly half of all Latina workers are employed in those three. Latinas make up almost 15 percent of the workforce in hospitality, the largest of any group. Latinas also have significantly less access to paid sick leave and remote work.
HipLatina
October 20, 2020
Finding a job right now may prove challenging for many people, with nearly 7 million more unemployed workers than job openings, according to the Economic Policy Institute, a left-leaning think tank.
CNBC
October 20, 2020
The recovery in the labor market appears to be stalling, with an estimated 661,000 jobs added in September, far below the 1.4 million jobs added in August and 1.7 million added in July. More and more of the job losses happening now are permanent — and coming at a time when extra government assistance has dried up. Last week, the number of new jobless claims filed went up.
“It’s very clear that labor market stress is far from over,” said Elise Gould, an economist at the Economic Policy Institute, a progressive think tank.
VOX
October 20, 2020