That surprised some observers, who thought the Democrat’s support was assured. “I would have expected him to sign the bill with pleasure,” says Dave Cooper with the Economic Policy Institute, a left-leaning think tank that supports a higher minimum wage. “I was disappointed.”
DCist
July 1, 2020
More than 50 percent of Americans get their health insurance through their employer. Since mid-March, close to 47 million Americans have sought jobless aid. A recent analysis by the left-leaning Economic Policy Institute forecast that 3.5 million workers lost their insurance in just the last two weeks of March.
Fox Business
July 1, 2020
While it’s true that businesses are reopening across the country (however irresponsible that is from a public health perspective), it’s also the case that, as Federal Reserve chair Jerome H. Powell said earlier this month, there will be “a significant chunk . . . who don’t get to go back to their old job, and there may not be a job in that industry for them for some time.” The Economic Policy Institute reports that nearly 11 percent of the workforce is out of work and has no reasonable chance of getting called back to a prior job.
Jacobin
July 1, 2020
‘While many advisors have their retirement clients’ best interests in mind, unethical ones have put their own profit motives ahead of their retirement clients’ interests. According to the Economic Policy Institute, ‘every year, retirement savers lose $17 billion acting on advice from financial advisors who have conflicts of interest.’ The Obama administration sought to address this problem by issuing a sensible rule that closed these loopholes and prohibited advisors from ripping off their retirement clients.
Public
July 1, 2020
On the other hand, an increase in the minimum wage — particularly during this pandemic — could help consumer demand recover, the Economic Policy Institute (EPI) argued.
“If anything, current conditions make it even more important for governments to strengthen pay standards, especially those that help low-income households’” wrote EPI’s Senior Economic Analyst David Cooper in a recent report.
Yahoo Finance
July 1, 2020
However, it’s important to remember that the world has changed a lot since then. The Economic Policy Institute reported in 2019 that about 1 in 20 young college graduates is unemployed, and 1 in 10 is underemployed, working at a job that doesn’t require a college degree. Dr. Gene Beresin, a staff child and adolescent psychiatrist at Massachusetts General Hospital, and Rand Spero, president of Street Smart Financial, writing for The Clay Center for Young Healthy Minds, stress that in today’s economy, it’s quite common for college graduates to spend some time living with their parents.
Money Crashers
July 1, 2020
That surprised some observers, who thought the Democrat’s support was assured. “I would have expected him to sign the bill with pleasure,” says Dave Cooper with the Economic Policy Institute, a left-leaning think tank that supports a higher minimum wage. “I was disappointed.”
DCist
July 1, 2020
In 2019, a Vox headline read, “CEOs made 287 times more money last year than their workers did.” CNBC trumpeted, “CEOs see pay grow 1,000% in the last 40 years, now make 278 times the average worker.” The Guardian reported, “Top US bosses earn 278 times more than their employees.” What groups planted these headlines? The AFL-CIO and its pals at the Economic Policy Institute — an organization funded by labor unions.
Washington Times
June 30, 2020
Black workers typically face nearly double the rate of unemployment compared to white workers, said Valerie Wilson, director of the Program on Race, Ethnicity and the Economy at the Economic Policy Institute, a Washington D.C.-based think tank that aims “to include the needs of low- and middle-income workers in economic policy discussions.” That pattern is “incredibly persistent” in good and bad economic conditions — and across gender, education and geography, Wilson said.
Wisconsin Public Radio
June 30, 2020
“With health insurance in particular, we have a social support system that really isn’t very functional when you have job loss,” said Ben Zipperer, an economist at the Economic Policy Institute in Washington. That’s a problem at the best of times, he said, “but it’s a real disaster when you have tens of millions of workers suddenly lose their job.”
The Covid-19 shock had likely pushed more than 16 million workers off employer-provided health insurance as of early May, the left-leaning EPI estimates. Unemployment data for June, due Thursday, will shed more light on the picture
Bloomberg
June 30, 2020