The Economic Policy Institute (EPI), a left-leaning think tank aligned with labor interests, offered a slightly less positive assessment but ultimately concluded the deal is “better than the alternatives.”
In a blog post Tuesday, EPI’s Thea Lee and Robert Scott predicted the agreement—which has not yet been released in full—”will in no way offset or reverse the massive devastation caused by the original NAFTA.”
Common Dreams
December 13, 2019
In a Tuesday blog post, Thea Lee, former AFL-CIO deputy chief of staff and president of the left-leaning Economic Policy Institute, and Robert E. Scott, a senior EPI economist, dismissed the new changes to USMCA as mere “Band-Aids on a fundamentally flawed agreement and process.”
Politico
December 13, 2019
The median retirement account savings for all families headed by people aged 32 to 61 was only $7,800 in 2016, according to new research from the Economic Policy Institute, a Washington D.C.-based think tank. At the 50th percentile mark, people in their mid-30s only held $1,000 in a retirement account that year and families approaching retirement only had $21,000.
Bloomberg Law
December 13, 2019
There are two main reasons why the 401(k) plan and other workplace retirement savings plans don’t work, according to the Economic Policy Institute, the non-partisan think tank that authored the study.
CNBC
December 13, 2019
Progressive think tank the Economic Policy Institute found that Americans 56 to 61 had a median balance of $21,000 in their 401(k) accounts in 2016, which is the most up-to-date data on file. That total reflects almost 30 years of savings.
CNBC
December 13, 2019
The Economic Policy Institute nonprofit, nonpartisan think tank this week published a series of telling charts that “paint a picture of increasingly inadequate retirement savings for successive generations of Americans — and large disparities by income, race, ethnicity, education, and marital status.”
MarketWatch
December 13, 2019
According to the Economic Policy Institute, the average retirement savings of all working-age families (32-61) is $95,776.3
However, since nearly half of U.S. families have no retirement account savings at all, that figure skews high because of retirement supersavers and older pre-retirees who boost the national average.
American Equity
December 13, 2019
After years of decline, the American labor movement is on the upswing: Google contractors in Pittsburgh unionized this year, along with several newsrooms, while other tech companies are in the middle of union struggles. Still, unions have a lot of ground to retake, as union membership among American workers has fallen by about 50 percent over the past 35 years; membership peaked in 1954. Unions are, in general, extremely good for the economy: union workers are paid better, treated better, and retire better. So why the fall? According to new research by the Economic Policy Institute (EPI), America’s decline of unions is likely in part due to the hefty investments employers have put into thwarting unionization efforts, which is fueled by a shadow industry that even the federal government has little information about.
Salon
December 13, 2019
More than 41 percent of companies use illegal anti-union tactics to thwart organizing campaigns, according to a recent study by Economic Policy Institute.
The EPI report concluded that employers were charged with violating federal law in 41.5% of all NLRB-supervised union elections in 2016 and 2017, with at least one ULP charge filed in each case.
International Association of Machinists and Aerospace Workers
December 13, 2019
Einstein Medical Center in Philadelphia and Robert Wood Johnson University Hospital in New Brunswick, N.J., together spent about $1.5 million on union avoidance consultants who often assist anti-union activities, according to a new report from the Washington, D.C.-based Economic Policy Institute.
Becker’s Hospital Review
December 13, 2019