“More than one million veterans –13.2% of all veterans – work for state and local governments and could be severely impacted by the Senate’s failure to provide timely federal aid,” reported John Schmitt and Naomi Walker of the Economic Policy Institute (EPI). “Because state and local governments are extremely restricted in how they can borrow, congressional authorization for state and local fiscal support is vital to prevent deep cuts in health care and education.”
The McDonough County Voice
November 10, 2020
Economic Policy Institute (EPI) research suggests that realigning the dollar could create 3.5 million to 6.6 million new, good-paying U.S. jobs over the next four years. It’s why currency matters far more than tariffs, particularly when Trump’s Section 301 China tariffs merely shifted the global export picture. Yes, America’s goods deficit with China dropped $30 billion between 2017 and 2019. But total U.S. imports actually continued to grow.
The Hill
November 10, 2020
Policy changes, deregulation and a rapid decline in unionization since 1978 has greatly contributed to the stagnation of wages in the country, according to the Economic Policy Institute. Differences in wages and productivity are felt even more in minority communities across the country, and COVID-19 is only speeding up this trend of inequality. Recovery efforts to reignite the U.S. economy could further perpetuate wage inequality or could serve as a catalyst to begin the long journey of undoing the damage caused over the last four decades and create a prosperous workforce.
World Economic Forum
November 10, 2020
In fact, Black workers are more likely than other workers to be in front-line jobs where they are at increased risk for exposure to the coronavirus, according to an analysis from the Economic Policy Institute. And this affects older adults because “African Americans are more likely to live in extended family households,” Taylor explains. “The essential worker may be more likely to spread the disease within a particular household, especially to the more vulnerable older person,” he adds.
AARP Blog
November 10, 2020
This comes as the ratio of CEO-to-worker compensation increased to 320-to-1 in 2019, up from 293-to-1 in 2018. In 1965, that ratio was just 21-to-1, according to the Economic Policy Institute.
Yahoo Money
November 10, 2020
To answer my own question: Yes, it should be the priority. But that doesn’t preclude passing a federal infrastructure bill, which could be the vehicle for the stimulus spending the Biden administration is expected to pursue. As we argued in July, back before it became quite clear that the Trump administration and Congress weren’t going to cut a deal to help newly broke Americans, an industrial policy – including enhanced trade enforcement, workshare policies, consumer subsidies to purchase American-made automobiles, but most importantly infrastructure investment – should be included in the next Covid-19 economic relief bill. Spending on infrastructure, according to the Economic Policy Institute, would create millions of American jobs.
Alliance for American Manufacturing
November 10, 2020
But you are not broken, and you are certainly not alone. Even before the pandemic ended ten years of uninterrupted economic growth, roughly half of college grads (ages 21-27) were unemployed or worked in jobs that don’t require a degree. Within this cohort, Black grads have higher rates of joblessness and 40% are underemployed, according to data from the Economic Policy Institute. And with each passing year, underemployment gets harder and harder to escape.
Fast Company
November 10, 2020
Our victory was won because workers came together to fight for what’s right. And we’re joining a substantial group. According to the Economic Policy Institute, 43 percent of U.S. workers are on the path to $15.
Tampa Bay Times
November 10, 2020
United States unemployment for workers aged 16 to 24 tripled from 2019 to 2020, hitting 24.4 percent this spring, according to an October report by the Economic Policy Institute, a progressive-leaning think-tank based in Washington, DC.
Al Jazeera News
November 10, 2020