Asian American and Pacific Islander women have to work this far into the year to earn the same amount that white men earned in 2019 alone. In other words, the average AAPI woman had to work “almost an extra month and a half to make up for the annual earnings relative to the average non-Hispanic white man,” according to the Economic Policy Institute.
CNN
February 11, 2020
Elise Gould, senior economist at the nonprofit think tank Economic Policy Institute, said stronger participation in the labor force isn’t translating into higher wages.
“Overall, wage growth is still slower than expected in an economy that has had historically low unemployment and remains the most important indicator to watch in 2020,” she said.
Courthouse News Service
February 10, 2020
The slow growth in wages is the single biggest economic issue hampering middle-class families, according to Elise Gould, a senior economist at the left-leaning think tank the Economic Policy Institute.
“Many families are still feeling the after-effects of the Great Recession,” Gould told ABC News, referencing the downturn following the 2008 financial crash. “We’ve seen the economy grow greatly. … We’re still not seeing a full recovery in terms of wages and living standards.”
ABC News
February 10, 2020
The Economic Policy Institute (EPI) has given a somber reality check to those celebrating the low levels of unemployment.
“Nominal wages rose 3.1% year-over-year in November, which is slower than expected in an economy that has had historically low unemployment,” EPI wrote in part before continuing later. “It is important to remember that periods of stronger wage growth for production/nonsupervisory workers in this recovery tend to be followed by periods of relatively weaker growth. Definitely a promising sign if the stronger trends continue, but the slowdown for all private sector workers is still troubling.”
News One
February 10, 2020
States that boosted their minimum wage between 2013 and 2018 saw pay for their lowest-paid workers grow more than 50% faster than those that didn’t, according to an analysis from the left-leaning Economic Policy Institute.
CBS News
February 10, 2020
The Economic Policy Institute has produced several reports detailing “how corporations rig the rules to dodge the taxes they owe.” They found that the tax breaks claimed “are highly concentrated in the hands of a few very large corporations.” They also found that among large corporations with significant foreign profits, two-thirds paid higher tax rates on foreign profits than they paid on US profits.
Medium
February 10, 2020
Even with the Trump administration’s tariffs and heated rhetoric, that trend is not course-correcting, says Robert Scott, director of Trade and Manufacturing Policy Research at the Economic Policy Institute.
“Frankly, Trump is bad for manufacturing. Since he took office, the deficit in goods is up 15%,” according to Scott. A trade deficit occurs when a country buys more products then it sells.
CNN
February 10, 2020
Over the last 40 years, the share of workers represented by unions has dropped in half, according to the Economic Policy Institute (EPI).
EPI also reports that full-time workers in states with “right-to-work” laws earn 3 percent less than similar workers in states that do not have these laws. These wage discrepancies are even greater for people of color.
Maui Now
February 10, 2020
Ava signed a non-compete agreement, which states that she is not allowed to accept a position with a firm in the same industry for at preset period of time after leaving her current company. Non-compete agreements might have sympathetic intentions — they ensure that employees can’t quit one job, only to get hired by a competitor and share trade secrets. But they are also criticized for negatively affecting wages and employee satisfaction. And they’re not uncommon — a study from the Economic Policy Institute suggests that between 27.8% and 46.5% of private-sector workers are subject to noncompete agreements.
Medium
February 10, 2020
With the benefit of hindsight, experts now say that NAFTA had neither as good nor as bad of an impact on the economies of the United States, Canada and Mexico as some initially predicted. Like many things, the reality lay in the middle. While trade objectively increased, even tripled by some accounts, American jobs did indeed flee to Mexico. Many left the Midwest and created the so-called Rust Belt. An article published by the Economic Policy Institute details the extent of the losses, contending that 682,900 jobs suffered in the U.S. at NAFTA’s expense. Many of these job losses, 60.8 percent, were in manufacturing. Supporters predicted manufacturing would see an increase of up to two million in five years.
The Borgen Project
February 10, 2020