It is worth noting this isn’t unique to Big Law. Business owners typically benefit from profit increases, and CEO compensation in the U.S. has vastly outgrown employee wages. CEOs of the 350 largest publicly traded companies made 278 times their average employees’ salary in 2018, up from 58 times in 1989, according to the Economic Policy Institute.
Bloomberg Law
February 20, 2020
The Economic Policy Institute, an independent economic think tank, recently released a primer that digs into the realities of what Trump’s regime meant for working people in 2019. One of the first sections I want to highlight concerns an assertion he made at the SOTU that “the unemployment rate for African Americans, Hispanic Americans, and Asian Americans has reached the lowest levels in history.” As usual when it comes to Trump and race, he is lying; the EPI found that black workers are still twice as likely to be unemployed as white workers. Furthermore, they are more likely to be unemployed than white workers at every education level, and only those black workers with some college or a higher educational level have an unemployment rate lower than the overall unemployment rate of white workers. Unlike the president, these graphs don’t lie.
The Baffler
February 20, 2020
“There is no sensible argument besides political expediency for why she advocated for higher interest rates and stunted growth under a Democratic president yet wants lower rates and faster growth under a Republican,” said Josh Bivens, research director at the liberal Economic Policy Institute.
Associated Press
February 20, 2020
“It’s well understood that income inequality is a severe problem in this country, and there are lots of different forms of income inequality,” said Ben Zipperer, an expert with the Economic Policy Institute. “And, one of those forms is that people at the bottom of the income distribution aren’t being paid enough or it’s difficult for them to find jobs to sustain themselves and their families throughout the entire year.”
Zipperer, along with Jesse Rothstein from the Institute for Research on Labor and Employment at the University of California, Berkeley, recently published a report with the Economic Policy Institute exploring how minimum wage and the EITC may work together to alleviate poverty.
“Because it is a large problem, you kind of want to look at as many policies as possible that we gave,” Zipperer said. “You want to have as many arrows in the quiver as possible, in order to attack that problem and reduce it.”
CardRates.com
February 20, 2020
FRANKFORT, Ky. — Kentucky lost nearly 47,000 jobs between 2001 and 2018 because of the ongoing trade deficit with China, according to a new report from the Economic Policy Institute.
Public News Service
February 20, 2020
We discuss the fallout of the epidemic beyond the public health dimensions. How does it affect China’s role in the world? Should we expect any economic impact? [Video]
Join Steve Clemons and his panel of experts as they get to The Bottom Line.
Robert Scott – senior economist for the Economic Policy Institute
Al Jazeera
February 20, 2020
“It’s trade deficit which maintains the US dollar as that global unit of account. Without that trade deficit, the US dollar could not be the world’s reserve currency. So that trade deficit harms American workers, but it helps Wall Street bankers,” Stacy Herbert said, discussing what is causing job losses and the recent study from the Economic Policy Institute.
RT
February 20, 2020
LITTLE ROCK, Ark. — Arkansas lost more than 24,000 jobs between 2001 and 2018 because of the ongoing trade deficit with China, according to a new report from the Economic Policy Institute.
Public News Service
February 20, 2020
Asian-American and Pacific Islander (AAPI) women had to work until Feb. 11 to earn the same amount of money the average white male made in 2019, according to the Economic Policy Institute, a left-leaning Washington, D.C., think tank.
“Put another way, the average AAPI woman needs to work almost an extra month and a half to make up for the shortfall in annual earnings relative to the average non-Hispanic white man,” the nonprofit said in a blog post about Asian American/Pacific Islander Equal Pay Day.
MarketWatch
February 20, 2020