Media clips

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• Texas Billionaires’ net worth jumps since pandemic began

  Without a federal fiscal relief package, workers will face even greater loss of jobs and services than has already occurred. The Economic Policy Institute predicts that in Texas 433,900 public-sector jobs employing teachers, public safety workers and health care workers, will be lost by the end of 2021 without more federal aid.

  CW39 Houston October 22, 2020
• Economics Brief: The Rise in Income Inequality in the United States

  Josh Bivens, et al., “How Today’s Unions Help Working People,” Economic Policy Institute, August 24, 2017 (epinet.org)

  Labor Notes October 22, 2020
• The Unemployment Rate May Be Recovering, But Not For Latinas

  Latina workers experienced a massive increase in unemployment between February and April, increasing 15.3 percentage points, according to the Economic Policy Institute. One in five—20.2%— of Latina workers were unemployed in April. By June, the Latina unemployment rate had significantly recovered but remained 10.4 percentage points over its February level.

  Patch October 22, 2020
• Union elections involving 17,000 workers were impacted by NLRB moratorium – report

  The left-leaning Economic Policy Institute in the report said the moratorium, which ended April 3, was emblematic of the Trump administration’s broader disregard for workers’ rights and democratic elections. The EPI noted that the board issued the moratorium while simultaneously finalizing a rule that makes it more difficult for employers to voluntarily recognize a union.

  Reuters October 22, 2020
• Donald Trump promised a tough China trade policy, but few think it has worked

  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
• What Trump and Biden tax policies could mean for your paycheck, tax return, investments and retirement savings

  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
• What’s the status of a second $1,200 stimulus check?

  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
• EPI Clips: 10/21/20
  October 21, 2020
• The economy is driving women out of the workforce and some may not return

  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
• Health officials expect increase in Affordable Care Act enrollment due to unemployment

  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