Those students who graduated from college during the global pandemic, the recession it induced and the topsy-turvy economic environment it left in its wake, have experienced a much faster bounce-back in the labor market and stronger wage growth than any recovery in recent history, according to new research by the Economic Policy Institute (EPI).
CNN Business
May 14, 2024
According to the Economic Policy Institute, the annual cost of infant care in Minnesota is $16,087, and the annual cost of child care for a four year old is $12,252. Currently the cost of child care for a typical family with an infant and four year old is about 37.4% of the family income.
KIMT
May 14, 2024
Subprime lenders targeted Black homebuyers and Black homeowners seeking refinancing. According to a study by the Economic Policy Institute, in 2006, just before the financial collapse, 52.9 percent of Black borrowers assumed a subprime mortgage compared to 47.3 percent of Hispanic borrowers and 26.1 percent of White borrowers. In the ensuing epidemic of foreclosures, Blacks suffered disproportionately.
American Prospect
May 14, 2024
Employment arbitration has become a dirty word on Capitol Hill. Congressman Hank Johnson claims that arbitration allows employers to “stack the deck against the little guy” for the 60 million employees bound by arbitration agreements. The Economic Policy Institute calls it an epidemic that is “undermining decades of progress in labor rights.”
Fortune
May 10, 2024
At least 24 states and more than 40 local areas have enacted the CROWN Act. Black women are 1.5 times more likely than other women to be sent home from work or know of a women sent home due to their hairstyle, according to a 2019 study by personal care company Dove.
(SHRM Online and Economic Policy Institute)
SHRM
May 10, 2024
A recent Economic Policy Institute report found that the share of the lowest-wage workers with access to paid sick time increased from 20% in 2010 to 39% in 2023. Still, the report also found that 61% of these workers do not have access to the benefit.
Becker’s Hospital Review
May 10, 2024
Larger employers are more likely to require forced arbitration as part of the employee contract, according to an analysis by the Economic Policy Institute, a progressive think tank. According to their 2023 report, 65% of companies with more than 1,000 employees mandate forced arbitration, and more than half of private, nonunion US employers (54%) use it.
Forbes
May 10, 2024
A recent report from the liberal Economic Policy Institute examined the performance of the national economy since 1949 by partisan control of the presidency, using 12 different economic measures in most cases. For every one of the measures, the average favored Democratic control over Republican control of the presidency.
Urban Milwaukee
May 10, 2024
Despite DOL investigations showing that “employers’ violations of federal child labor laws have real consequences on children’s lives,” multiple red states have passed laws eroding child labor protections. Indeed, the Economic Policy Institute reports that since 2021, 28 states have proposed bills to weaken child labor laws, with 12 states enacting them.
Truthout
May 10, 2024
Moreover, the depletion of the two reserve funds can be easily remedied. As noted in a report by the Economic Policy Institute, some combination of raising the cap on wages subject to the payroll tax or indexing projections to conform to economic reality will address the projected shortfall. See Economic Policy Institute, Saving Social Security in Three Steps (epi.org).
Today's Edition newsletter
May 10, 2024