When hundreds of thousands of people are falling behind on bills or making those household budget compromises, the ripple effect is far-reaching said Heidi Shierholz, an economist with the Economic Policy Institute, a nonpartisan think tank.
“It’s really bad for the economy, but it does seem like there’s very little chance anything will happen before the election,” Shierholz said.
KJZZ
October 30, 2020
Trump also appears unconcerned with the record number of Americans who lost their jobs in the pandemic shutdown, except for the fact that their losses ruined a jobs streak that occurred on his watch. This is of a piece with his administration. The president has repeatedly claimed to have created gains in manufacturing positions, even though experts say he did no such thing. In a report released this summer, the Economic Policy Institute flatly declared, “offshoring and the loss of manufacturing plants have continued under Trump.” The stock market has been falling, and the Dow Jones industrial average fell by more than 1,500 points in the past week. Trump, who forever boasts when markets are on the rise, is silent.
Washington Post
October 30, 2020
The left-leaning Economic Policy Institute said workplace democracy and ability of working people to unionize was key to protect their rights.
Thompson Reuters
October 30, 2020
A report by the Economic Policy Institute published in August contradicted his claims, however. It found that far from reenergizing the so-called Rust Belt — former industrial areas of the northeastern US that had seen a sharp economic decline since the 1990s — more manufacturing jobs left the US than were created during Trump’s first two years in office.
Indian Express
October 30, 2020
Valerie Wilson, an economist at the labor-backed Economic Policy Institute, said that policy response to COVID-19 must acknowledge its effects on many racial groups. She added that no policy is ever race-neutral.
Wilson said that there is going to be a differential impact because society is structured. She added that the Black unemployment rate had been twice the size of the white rate.
Latin Post
October 30, 2020
Typically, there are enough applications submitted at the two highest wage levels to meet the cap, said Ron Hira, a research associate at the Economic Policy Institute (EPI) in Washington, D.C., and an associate professor of political science at Howard University. Hira co-authored a May 2020 report at EPI that found 60 percent of H-1B positions certified in fiscal year 2019 were assigned the two lowest prevailing wage levels, which were “significantly lower” than the local median salaries surveyed for occupations.
Society for Human Resource Management
October 30, 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 30, 2020
Experts attribute the divide to a “double wage gap” whereby Latinas are subjected to both gender and ethnic bias, crippling upward mobility and limiting earnings to an average of 55 cents on the dollar compared to white men. According to the Economic Policy Institute, while the types of occupation and lack of education remain critical factors, even when accounting for those factors, in addition to experience and location, Latinas are still vastly underpaid compared to their white male colleagues across professions.
In the Know
October 30, 2020
Since then, Bernstein has spent much of his career evangelizing that message from within progressive think tanks—first at the Economic Policy Institute during the “big government is over” ’90s, and now at the Center on Budget and Policy Priorities, where he is a senior fellow. In 2016, Politico named him one of the 50 “thinkers” transforming American politics. He came in at No. 21. Madeleine Albright, Lena Dunham, and Gloria Steinem tied for No. 22.
The Atlantic
October 30, 2020