The coronavirus pandemic offered a stark reminder that these industries’ disproportionately nonwhite workforces remain vulnerable. An analysis by the Economic Policy Institute found that Black workers were much more likely to work in “frontline” roles within these sectors, and thus at higher risk of Covid-19 infection.
Forbes
November 10, 2022
The report is drawn from testimony and evidence from left-leaning organizations like the Economic Policy Institute and the Roosevelt Institute, which have indeed found that corporations are in large part responsible for inflation.
Truthout
November 10, 2022
That’s likely in part because many people still have more savings than they did before the pandemic, said Josh Bivens at the Economic Policy Institute.
“And plus, we still have a very strong job market, I think inflation’s convinced people this is a terrible economy for people,” he said.
But, he said, it’s not — unemployment is low and there are still a lot of jobs to be found.
Marketplace
November 10, 2022
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Inflation was always going to go up for a certain period of time after nearly half a century of easy money and outsourcing came to an end. Biden’s fiscal spending has little to do with the larger paradigm shift we are going through. And yet, Democrats are taking the heat for inflation, which is making it difficult for them to message all their gains. So, what do to? I’d suggest Democrats focus more on how they, not Republicans, are trying to rein in corporations. Josh Bivens, director of research for the left-leaning Economic Policy Institute, posted a blog that everyone should have a look at. As he puts it:
Financial Times
November 10, 2022
In an attempt to turn the inflation conversation on its head, Sanders has framed the problem as a result of corporate greed, and there is some evidence to support his theory. One analysis released in April by the Economic Policy Institute, a left-leaning thinktank, concluded that about 54% of inflation could be attributed to increased corporate profits.
The Guardian
November 10, 2022
Unfair labor practice charges against employers can be common when unionization efforts are underway, with the prevalence of the charges generally increasing as the size of the bargaining unit gets larger, according to the Economic Policy Institute. For a bargaining unit representing more than 60 employees, more than half (54.4%) of employers have been charged with violating federal law, according to an analysis by the independent, nonprofit think tank.
Employers have a range of legal and illegal tactics to discourage unionization, and there’s a growing trend of employers hiring “union avoidance” consultants, the Economic Policy Institute noted.
Grocery Dive
November 10, 2022
Specifically, the document says that “studies by the Economic Policy Institute and Roosevelt Institute demonstrate that profits contributed more to price growth in the United States from mid-2020 through the end of 2021 than at any other point from 1979 to the present—and continue to contribute markedly today. This is especially true in highly concentrated industries.”
Common Dreams
November 10, 2022
The Economic Policy Institute, a left-leaning think tank in Washington, in April called for an temporary tax on excess corporate profits. Porter, the California congresswoman, often cites an analysis by the institute that says 54 cents of every $1 in price increases is due to profit padding rather than higher labor or other input costs.
Minnesota Star Tribune
November 10, 2022
The reasons black Americans have higher jobless rates than white people fall into several categories. The Economic Policy Institute reports that among the primary reasons are “racism” and single adult households where one person tries to care for children and hold a full-time job simultaneously.
24/7 Wall St.
November 10, 2022
The union spoke with employees and used tools such as MIT’s Living Wage Calculator and the Economic Policy Institute’s Family Budget Calculator to arrive at the $18 figure, though it notes “most workers need to make much more than that to cover their necessities.”
Orlando Sentinel
November 10, 2022
“You’re basically baking those kinds of discrimination into people’s wages,” said Elise Gould, senior economist at the left-leaning Economic Policy Institute.
Politico
November 10, 2022
To close the gap, the state must increase teacher pay, Bishop said, referencing an Economic Policy Institute study that showed teachers were paid more than 30% less than other college graduates.
The Norman Transcript
November 10, 2022
In 2020, the Washington-based Economic Policy Institute released a report detailing how the US had lost 3.7 million jobs due to a trade imbalance with China since 2001.
South China Morning Post
November 10, 2022
Since 2001, its trade deficit with China has cost the US 3.7 million jobs, with most of the losses stemming from manufacturing, according to a 2020 report by think tank Economic Policy Institute.
Channel News Asia
November 10, 2022
“Once you treat people like this, they remember that,” said Terri Gerstein, a fellow at Harvard Law School’s Labor and Worklife Program and Economic Policy Institute. “Of the people remaining, it is a certainty that none of them feel secure in their job, and I would be shocked if the remaining people were not updating their resumes right now or talking with each other about starting a union.”
CNN Business
November 10, 2022
Ben Zipperer, an economist at the Economic Policy Institute, said he wouldn’t be surprised if Nov. 8 is a win for low-wage workers.
“Minimum wage increases are tremendously popular, and I’m not aware of a ballot proposal being voted on that has failed in the last two decades,” Zipperer said.
CNBC
November 10, 2022
We all know that the current economic situation did not suddenly appear in the last year. A February 2022 blog by The Economic Policy Institute, stated that the COVID-19 pandemic is the primary factor driving excessive inflation through demand and supply-side distortions, i.e., global supply chains snarled due largely to port shutdowns caused by COVID-19 outbreaks.
Concord Monitor
November 10, 2022
The Economic Policy Institute found the value of the federal minimum wage — which is currently $7.25 an hour — has decreased by 30%, meaning the minimum wage is worth less now than it has been at any point since February 1956.
The Brown and White
November 10, 2022
“If you look last month compared to the three months prior, wage growth has been certainly moderating, and appears to be decelerating over the last few months,” said Elise Gould at the Economic Policy Institute.
But it doesn’t have to be, Gould said. “We want to have wage growth that at least exceeds inflation so that people have increase in their living standards, increases in their ability to make ends meet. And we also want workers to see the returns of their increased productivity. Over the long term, we see productivity growth around 1.5%.”
Marketplace
November 10, 2022
On the brighter side, the employment to population ratio for Black women didn’t change, though labor market participation ticked up during the month. That could be a sign that more Black women are returning to the labor force and are looking for jobs but haven’t yet found employment, noted Valerie Wilson, director of the program on race, ethnicity and the economy at the Economic Policy Institute.
CNBC
November 10, 2022
It would benefit about 150,000 workers, according to the National Employment Law Project and the Economic Policy Institute, which are both left-leaning groups. Some 75% of the workers are over the age of 20.
CNN
November 10, 2022
The number of jobs created, 261,000 in October, is historically strong and economists had expected a number closer to 200,000, according to the New York Times. But as Economic Policy Institute president Heidi Shierholz noted on Twitter, that is far off the average pace of 539,000 per month from the first quarter of 2022.
Globe St.
November 10, 2022
The Economic Policy Institute found the value of the federal minimum wage — which is currently $7.25 an hour — has decreased by 30%, meaning the minimum wage is worth less now than it has been at any point since February 1956.
November 7, 2022
On the brighter side, the employment to population ratio for Black women didn’t change, though labor market participation ticked up during the month. That could be a sign that more Black women are returning to the labor force and are looking for jobs but haven’t yet found employment, noted Valerie Wilson, director of the program on race, ethnicity and the economy at the Economic Policy Institute.
CNBC
November 7, 2022
It would benefit about 150,000 workers, according to the National Employment Law Project and the Economic Policy Institute, which are both left-leaning groups. Some 75% of the workers are over the age of 20.
CNN
November 7, 2022
The number of jobs created, 261,000 in October, is historically strong and economists had expected a number closer to 200,000, according to the New York Times. But as Economic Policy Institute president Heidi Shierholz noted on Twitter, that is far off the average pace of 539,000 per month from the first quarter of 2022.
Globe St.
November 7, 2022
Heidi Shierholz, Economic Policy Institute Senior Economist and Director of Policy, joins Yahoo Finance Live to discuss the October jobs report, the state of the economy, how inflation is affecting year-over-year wage growth, and the outlook for a recession.
Yahoo Finance
November 4, 2022
Features Josh discussing the Federal Reserve rate hikes.
Al Jazeera
November 4, 2022
D.C.’s dining scene, replete with celebrity restaurateurs and two dozen Michelin-starred restaurants, is one of the country’s most celebrated. But proponents of I-82 say the industry’s growth was built on an artificial labor subsidy that exploits workers. “Tips were intended to be an extra or bonus on top of a wage, not your primary source of income,” Saru Jayaraman, the president of One Fair Wage, the national organization leading this effort, says. “Fundamentally, what is wrong with the system is the employers are not paying for the cost of the labor.” Experts say the maddening unpredictability of wages from week to week makes long-term financial planning difficult for restaurant workers. “A system that’s built on customers’ whims for supplying the bulk of a person’s income just leaves a lot up to chance,” David Cooper, an economist at the Economic Policy Institute, says. Leaving pay to the vagaries of customers means that Black and female restaurant workers in Washington get smaller tips than their white and male counterparts.
Washington Monthly
November 4, 2022