Josh Bivens, research director of the Economic Policy Institute, said in a news conference on March 16 that if employers are having trouble hiring, the first thing they tend to do is ask their current employees to work more hours to compensate. And in fact, average weekly hours worked in the private sector did jump in January, to 34.9, the highest in records going back to 2006. But the workweek fell 18 minutes in February to 34.6, which is at the high end of normal.
Bloomberg BusinessWeek
March 17, 2021
A minimum-wage hike would impact 32 million workers, according to an analysis from the left-leaning Economic Policy Institute. Around one in three Black workers and about one in four Latino workers would benefit from the raise; almost 60% of workers who would benefit are women, with women of color seeing a particular boost. Those are all groups who have been disproportionately impacted by the pandemic’s economic devastation.
Business Insider
March 17, 2021
I want to ask about wage theft. According to the Economic Policy Institute, Americans lose three times more in wage theft than they do in street robberies, bank robberies, gas station robberies, and convenience store robberies combined. This is disproportionately impacting low-wage workers, women, and workers of color who are more often than not the victims of wage theft.
C-SPAN
March 17, 2021
The job losses in education have been far worse than a decade ago during the financial crisis.
“It’s devastating,” Elise Gould of the Economic Policy Institute previously told Yahoo Finance. “Schools are struggling to open with the pandemic — it seems like they may need more resources, not fewer resources in these challenging times and to see their resources fall is particularly distressing.”
Yahoo Finance
March 17, 2021
In a research report published last August, the Economic Policy Institute (EPI) showed that top CEOs in the U.S. earned 320 times as much as the typical worker in 2019. Between 1978 and 2019, EPI found, CEO pay soared by 1,167% while typical worker pay grew by just 13.7%.
Common Dreams
March 17, 2021
According to the latest research conducted by the Economic Policy Institute (EPI), top CEOs in the U.S. were paid 320 times as much as typical workers in 2019. EPI found that the ratio of CEO-to-typical-worker compensation was 21-to-1 in 1965 and 61-to-1 in 1989.
Common Dreams
March 17, 2021
“Republicans in Congress chose to make the corporate tax changes permanent, while phasing out most tax changes to the individual tax code by 2027,” the Economic Policy Institute’s Hunter Blair noted in 2018. “They made this choice to comply with the arcane rules of budget reconciliation, which do not allow legislation that increases budget deficits outside the 10-year budget window.”
New Republic
March 17, 2021
“In states where lawmakers want to invest in new programs, or further investment in education, for example, this funding will allow them to do that now without changing their tax policies,” said David Cooper, senior economic analyst at the Economic Policy Institute.
Popular investments in health care or education programs could make passing new progressive taxes more politically feasible if constituents want to see such programs continue. “If they want to do something bold and lasting, they will need to create new dedicated revenue streams,” Cooper said.
Newsweek
March 17, 2021
Some critics of expanding UI worry that making benefits too generous will keep people from working. For one thing, that’s partly the goal here: Public health experts don’t want businesses operating at full capacity until it’s safe. But there’s also no evidence that people are staying out of the workforce en masse so they can collect their unemployment checks.
“If this was a big disincentive effect, it would show up in the data,” said Heidi Shierholz, senior economist and director of policy at the Economic Policy Institute and former chief economist at the Labor Department. “It’s not like it didn’t disincentivize any individual person from taking a job, but any disincentive effect has been so small that it’s not even detectable in the data.”
VOX
March 17, 2021
It is unclear exactly how many companies would pay more in taxes under the plan. The ratio of CEO-to-worker compensation was 320-to-1 at the top 350 American firms in 2019, according to the left-leaning Economic Policy Institute.
CNBC
March 17, 2021
Josh Bivens, research director of the Economic Policy Institute, said in a news conference on March 16 that if employers are having trouble hiring, the first thing they tend to do is ask their current employees to work more hours to compensate. And in fact, average weekly hours worked in the private sector did jump in January, to 34.9, the highest in records going back to 2006. But the workweek fell 18 minutes in February to 34.6, which is at the high end of normal.
Bloomberg BusinessWeek
March 17, 2021
Josh Bivens, research director of the Economic Policy Institute, said in a news conference on March 16 that if employers are having trouble hiring, the first thing they tend to do is ask their current employees to work more hours to compensate. And in fact, average weekly hours worked in the private sector did jump in January, to 34.9, the highest in records going back to 2006. But the workweek fell 18 minutes in February to 34.6, which is at the high end of normal.
Bloomberg BusinessWeek
March 17, 2021
Over the past year, hundreds of thousands of kids struggled to get reliable internet access support from the adults in their lives and some didn’t even show up to virtual class for a variety of reasons, some of which weren’t their fault. That makes people like Emma García and Elaine Weiss worry they work with the Economic Policy Institute, a non-profit that studies economic issues like immigration, labor policy, and education. For the past year, García and Weiss have been researching, evaluating, and blogging about how students are faring during the pandemic.
New England Cable News
March 16, 2021
The new child tax credit works differently: starting in July, the federal government will send cash each month, until December, to parents for every child that they have regardless of the family’s employment status, and the remaining balance will be disbursed once families file their taxes next year. “It will actually maintain and lift living standards for millions of women and their children,” Heidi Shierholz, a senior economist and director of policy at the Economic Policy Institute, told me, adding that she hopes the credit will eventually become a permanent benefit. “There’s also a massive racial-justice angle here, too. This will disproportionately help families of color, and it will disproportionately bring Black kids and Hispanic kids out of poverty. This is groundbreaking.”
The New Yorker
March 16, 2021
The problem is much bigger than a single woman or a single job. An Economic Policy Institute study from 2016 estimated that women are paid 83 cents for every dollar men make, comparing over hours worked. For Black women, the number falls to 63 cents on the dollar. The disparity gets worse for older workers and more skilled jobs, deepening over time. As pay equity activists see it, the change is gradual, beginning with a slightly lower salary on hiring, a slightly tougher path to promotion, until it’s broad enough to make a visible dent in the way a society’s wealth is distributed.
The Verge
March 16, 2021
Fifty-seven percent of Black adults were denied or approved for less than requested when it comes to credit, as compared with 24% of white adults.
That’s according to a new analysis by LendingTree of federal data from the Bureau of Labor Statistics and the 2020 Economic Policy Institute report. LendingTree brings to light a snapshot of the disparities between Black and white Americans when it comes to finances.
WWBT
March 16, 2021
“We are in a jobs hole that’s on the order of 12 million jobs,” said Heidi Sheirholz, a labor economist with the Economic Policy Institute. “It’s just enormous.”
Scripps National News
March 16, 2021
Stephanie Kelton, economist and professor of Public Policy and Economics at Stony Brook University American, retweeted an article by the Economic Policy Institute on the recently passed Covid-19 stimulus bill paving the way to recovery for the US. About $350bn of the stimulus bill will support the state and local governments to compensate their revenue losses, restore budget cuts and adjust better to the escalated fiscal demands due to the pandemic.
The loss of jobs in the state and local public-sector during the Covid-19 pandemic was unprecedented. More than 1.5 million people lost their jobs to the pandemic within the first four months, especially in the education sector, which is still approximately 7% lower than that was in February 2020.
Pharmaceutical Technology
March 16, 2021
State attorneys general across the U.S., according to a report from the Economic Policy Institute, have stepped in to protect worker rights using their relatively wide range of powers, enforcement and otherwise. Between mid-2015 and the summer of 2020, the EPI said, AG offices in five states — Illinois, Michigan, Minnesota, New Jersey, and Pennsylvania — and the District of Columbia have created worker protection units. California, Massachusetts and New York also have similar enforcement arms.
Even without special teams, AGs have the power to investigate and prosecute crimes against workers, but creation of these focused units, the EPI said, work as a deterrent to those considering engaging in wage fraud and institutionalizes the work, helping to ensure that the mission of protecting workers survives from administration to administration.
Construction Dive
March 16, 2021
In 2014, the Economic Policy Institute reported that nearly half of tipped workers in the country — 46% — rely on some form of public benefits, such as SNAP (known as Food Stamps) or Medicaid. More than 12% of tipped workers have incomes below the federal poverty line, according to the EPI.
Wisconsin Examiner
March 16, 2021
Over the past year, hundreds of thousands of kids struggled to get reliable internet access support from the adults in their lives and some didn’t even show up to virtual class for a variety of reasons, some of which weren’t their fault. That makes people like Emma García and Elaine Weiss worry they work with the Economic Policy Institute, a non-profit that studies economic issues like immigration, labor policy, and education. For the past year, García and Weiss have been researching, evaluating, and blogging about how students are faring during the pandemic.
New England Cable News
March 16, 2021
The new child tax credit works differently: starting in July, the federal government will send cash each month, until December, to parents for every child that they have regardless of the family’s employment status, and the remaining balance will be disbursed once families file their taxes next year. “It will actually maintain and lift living standards for millions of women and their children,” Heidi Shierholz, a senior economist and director of policy at the Economic Policy Institute, told me, adding that she hopes the credit will eventually become a permanent benefit. “There’s also a massive racial-justice angle here, too. This will disproportionately help families of color, and it will disproportionately bring Black kids and Hispanic kids out of poverty. This is groundbreaking.”
The New Yorker
March 16, 2021
The problem is much bigger than a single woman or a single job. An Economic Policy Institute study from 2016 estimated that women are paid 83 cents for every dollar men make, comparing over hours worked. For Black women, the number falls to 63 cents on the dollar. The disparity gets worse for older workers and more skilled jobs, deepening over time. As pay equity activists see it, the change is gradual, beginning with a slightly lower salary on hiring, a slightly tougher path to promotion, until it’s broad enough to make a visible dent in the way a society’s wealth is distributed.
The Verge
March 16, 2021
Fifty-seven percent of Black adults were denied or approved for less than requested when it comes to credit, as compared with 24% of white adults.
That’s according to a new analysis by LendingTree of federal data from the Bureau of Labor Statistics and the 2020 Economic Policy Institute report. LendingTree brings to light a snapshot of the disparities between Black and white Americans when it comes to finances.
WWBT
March 16, 2021
“We are in a jobs hole that’s on the order of 12 million jobs,” said Heidi Sheirholz, a labor economist with the Economic Policy Institute. “It’s just enormous.”
Scripps National News
March 16, 2021
State attorneys general across the U.S., according to a report from the Economic Policy Institute, have stepped in to protect worker rights using their relatively wide range of powers, enforcement and otherwise. Between mid-2015 and the summer of 2020, the EPI said, AG offices in five states — Illinois, Michigan, Minnesota, New Jersey, and Pennsylvania — and the District of Columbia have created worker protection units. California, Massachusetts and New York also have similar enforcement arms.
Even without special teams, AGs have the power to investigate and prosecute crimes against workers, but creation of these focused units, the EPI said, work as a deterrent to those considering engaging in wage fraud and institutionalizes the work, helping to ensure that the mission of protecting workers survives from administration to administration.
Construction Dive
March 16, 2021