But in recent years the impact of Airbnb’s service on local economics and rental markets has come under the spotlight. And analysis conducted by the Economic Policy Institute, a non-profit, non-partisan American think tank, found that the economic costs of Airbnb likely outweigh the benefits:
‘While the introduction and expansion of Airbnb into cities around the world carries large potential economic benefits and costs, the costs to renters and local jurisdictions likely exceed the benefits to travellers and property owners.’
Forbes
March 2, 2020
The Economic Policy Institute, a nonpartisan think tank, released a report in January 2019 that found the expansion of Airbnb contributes to a “reduced supply of housing as properties shift from serving local residents to serving Airbnb travelers, which hurts local residents by raising housing costs.”
Martinsville Bulletin
March 2, 2020
Sin embargo, un análisis realizado por el Economic Policy Institute, un grupo de expertos estadounidense sin fines de lucro, encontró que los costos económicos de Airbnb probablemente superen los beneficios. “Si bien la introducción y expansión de Airbnb en ciudades de todo el mundo conlleva grandes beneficios y costos económicos potenciales, los costos para los inquilinos y las jurisdicciones locales probablemente excedan los beneficios para los viajeros y los propietarios”.
LaRaza
March 2, 2020
Wages, however, have not kept pace. Median household incomes rose only 1.8% in 2017 and, even more disappointing, 0.9% in 2018 (the most recent year available from the Economic Policy Institute). As a result, even full-time employees are increasingly turning to alternative and additional sources of income to keep up with rising costs.
Money Crashers
March 2, 2020
By the time Obama turned over the White House keys to Trump in 2017, most of the acute economic problems visited upon us by the Great Recession had been overcome—though many Americans hadn’t fully recovered from its impacts, and some never will. The chronic problems long predating the crash, however, remain with us. In a lengthy analysis brimful of charts, Elise Gould at the liberal-leaning Economic Policy Institute has scrutinized one of the biggest of those chronic problems: wages.
Daily Kos
March 2, 2020
Wages rose by 3.1% over last January, prompting the labor-backed Economic Policy Institute to point out that workers barely kept up with inflation. “The tightening labor market isn’t translating into wage growth,” said senior analyst Elise Gould at the Economic Policy Institute.
Michigan Building and Construction Trades Council
March 2, 2020
REPORT FINDS WAGE GROWTH REMAINS ‘SLOW, UNEVEN AND UNEQUAL’: A report by the left-leaning Economic Policy Institute found that while wages have grown slightly over the last 40 years, since 2007, the top 10 percent of earners have seen the greatest growth in wages. The report also found that since 2000, white and Hispanic workers have seen more rapid wage growth than black workers. Researchers also found that the median pay gap between men and women has shrunk over the last year, with an average woman earning 85 cents to an average man’s dollar.
Politico
March 2, 2020
The data is included in the latest study of U.S. wages from Elise Gould of the Economic Policy Institute (EPI). According to Gould, the top 5% of earners “continue to pull away from middle- and low-wage workers.”
24/7 Wall St.
March 2, 2020
First, making American products creates American jobs. According to a 2015 report from the Economic Policy Institute (EPI), the U.S. lost a total of 5.7 million manufacturing jobs between 1998 and 2013. This was partly due to the Great Recession of 2008, but mostly because of trade imbalances with foreign nations like China and Mexico. China and Japan manipulate their currencies to make their goods and labor cheaper, which in turn reduces the demand for U.S. manufacturing goods. This collapses the manufacturing output, which reduces jobs. More American manufacturing jobs not only reduce the unemployment rate but also benefit the country in numerous other ways, including expanding the tax base to pay for benefits like Medicare and Social Security.
The MSU Exponent
February 28, 2020