In the current political environment, it can be hard to separate the wheat from the chaff when it comes to trade deficits, job losses and China. To help cut through all the noise, the Economic Policy Institute conducted an extensive study of U.S.-China trade data to determine the net amount of job losses across America. Data from the U.S. International Trade Commission DataWeb was conformed to Bureau of Labor Statistics industry classifications to determine the results, which were further parsed by state and by Congressional district.
GO Banking Rates
October 16, 2019
Robert E. Scott of the pro-labor Economic Policy Institute found that about 851,700 U.S. jobs were displaced by the U.S. trade deficit with Mexico between 1993 (shortly before NAFTA was implemented) and 2014. That’s a data point that was cited by Sanders during his 2016 campaign, when he frequently decried job losses due to NAFTA. (Other studies, however, have found the job losses to be far less.)
The nonpartisan Congressional Research Service wrote in 2018, citing a 2014 study by the Economic Policy Institute, that “growth in the U.S. goods trade deficit with China between 2001 and 2013 eliminated or displaced 3.2 million U.S. jobs (three-fourths of which were in manufacturing).”
NBC News
October 16, 2019
According to the Economic Policy Institute, Americans between the ages of 56 and 61 have an average of only $17,000 in retirement savings. This number is supported by the Life Insurance and Market Research Association (LIMRA) which estimates the average American household has just $17,500 in savings.
Marketbeat
October 16, 2019
Between 2013 and 2015, nearly three million Michigan workers were shortchanged an estimated $429 million in wages and overtime pay because of payroll fraud, according to an analysis by the Economic Policy Institute, a non-partisan think tank based in Washington, D.C., which conducts research and analysis on the economic status of low- and middle-income workers.
Battle Creek Enquirer
October 16, 2019
EPI SAYS TRUMP NLRB ‘FAVORS EMPLOYERS:’ A new report out today from the left-leaning Economic Policy Institute analyzes the policy moves and rulemakings from the National Labor Relations Board under the Trump administration. “In the two years that Republicans have held the majority on the board, they have overturned NLRB precedent in more than a dozen cases,” the report says.
Politico
October 16, 2019
“I have dedicated my career to worrying about the labor market. … I am not worried about this,” Heidi Shierholz, senior economist at the Economic Policy Institute told Vox’s Joss Fong.
VOX
October 16, 2019
According to the report “Race in the Heartland,” while more black Americans live in the 12-state Midwestern region, equity metrics here are worse than in other states.
WSIU
October 16, 2019
RICHMOND, Va. – Although the United States economy seems like it’s booming and unemployment is at a low, millions of Americans are one missed paycheck away from poverty. According to the Economic Policy Institute, six in ten Americans will experience a year in poverty. Financial Advisor, JB Bryan is here with information on how to overcome poverty and what it means to live in poverty today. JB Bryan holds FREE financial workshops and webinars each Wednesday evening and on Sundays. Registration is required. To register, or for more information, visit www.JBBRYAN.com
WTVR
October 16, 2019
It costs a pretty penny for residents to live comfortably in Sussex County, according to the Economic Policy Institute. The organization’s family budget calculator estimates how costly it is to live in each of America’s 3,142 counties and 611 metro areas.
Patch
October 16, 2019
The University of North Carolina system reported a 30 percent decrease in enrollment in education programs from 2010-2016. It is not difficult to understand why. According to the Economic Policy Institute, teachers graduating from education programs in North Carolina can expect to earn 35 percent less than the average college graduate. Let that sink in. While many who go into teaching think of it as a calling, rather than just a job, they still need to pay their mortgages and buy groceries.
ThePilot.com
October 16, 2019