According to the Economic Policy Institute, infrastructure is one of the most rewarding ways for a government to spend its money economy-wise, as its “multiplier” is high: Each dollar spent produces more than a dollar’s worth of GDP growth, and the excess on this is larger for infrastructure spending than other fiscal policies.
Technician
July 2, 2020
On the other hand, critics of the deal argue that it was to blame for job losses and wage stagnation in the United States, driven by low-wage competition, companies moving production to Mexico to lower costs, and a widening trade deficit. The Center for Economic and Policy Research’s (CEPR) Dean Baker and the Economic Policy Institute’s Robert Scott argue that the surge of imports after NAFTA caused a loss of up to six hundred thousand U.S. jobs over two decades, though they admit that some of this import growth would likely have happened even without NAFTA.
Council on Foreign Relations
July 2, 2020
“Given the likelihood that states may have to re-shutter parts of their economies with the rise in cases, the job gains we saw last month may not last,” wrote Elise Gould, senior economist at the progressive Economic Policy Institute, in a preview of the jobs report. I explain why here.
The Hill
July 2, 2020
Other analyses put the numbers and percentages of low-wage employees much higher. An Economic Policy Institute report based on 2014 data suggested 30 percent of all workers in Nevada earn less than $12 per hour.
Nevada Current
July 2, 2020
Senate Democrats have released a plan to extend the extra $600 in weekly benefits for those who are unemployed. We talk to two economic experts about what impact that could have.
Scripps National News
July 2, 2020
About 11.9 million Americans who are unemployed as a result of the pandemic, or about 7.2% of the workforce, have no hope of returning to their old jobs, while 5.7 million workers, or 3.5% of people, expect to get called back to work but probably won’t, writes Heidi Shierholz, senior economist and director of policy at EPI. That puts the share of the workforce currently out of work with no reasonable chance of returning to their jobs at roughly 11%, or about 17.6 million people.
CNBC
July 1, 2020
San Francisco Chronicle
July 1, 2020
The CARES Act, signed by President Trump on March 27 in response to the coronavirus outbreak, has been criticized as insufficient to help state and local governments deal with the economic and social fallout. The Economic Policy Institute, a D.C.-based think tank, said in a March report, “The aid is both too stingy and too restrictive.”
New Haven Independent
July 1, 2020
A wide range of tech companies use the H-1B program to bring in workers, including Microsoft, Google, Facebook, Apple, Amazon, IBM, Intel, and others. The top five US companies using the program are Cognizant Technology with 13,466 workers; Deloitte Consulting with 7,690 workers; Tata Consultancy with 7,620 workers; Amazon.com services with 7,337 workers; and Google with 6,054 workers, according to a May report by the Economic Policy Institute.
Tech Republic
July 1, 2020