A quick search online would have you believe a recession is imminent. According to an Economic Policy Institute report published in April 2019, there is a “real possibility” that the United States could find itself in a recession as soon as the next 18 months. Lauren Anastasio, a certified financial planner with SoFi, a personal finance company that offers student loans, personal loans, investing and more, says while it’s hard to know exactly when, “what we do know for certain is that we will see another recession, and we just have to deal with it.”
Reader's Digest
December 6, 2019
Economist Heidi Schierholz of the left-leaning Economic Policy Institute says those benefits were tempered because most of the tax savings “went to the very wealthy,” who tend to save their income gains.
USA Today
December 6, 2019
In October, the Trump administration published a proposed rule regarding tips which, if finalized, will cost workers more than $700 million annually. It is yet another example of the Trump administration using the fine print of a proposal to attempt to push through a change that will transfer large amounts of money from workers to their employers. We also find that as employers ask tipped workers to do more nontipped work as a result of this rule, employment in nontipped food service occupations will decline by 5.3% and employment in tipped occupations will increase by 12.2%, resulting in 243,000 jobs shifting from being nontipped to being tipped. Given that back-of-the-house, nontipped jobs in restaurants are more likely to be held by people of color while tipped occupations are more likely to be held by white workers, this could reduce job opportunities for people of color.
In These Times
December 6, 2019
If employers keep a worker’s hours under 35 per week, federal law does not require them to offer health insurance, and employers have increasingly used part-time positions to lower payroll costs over the past several decades, according to a 2016 study from the Economic Policy Institute.
Sentinel Source
December 4, 2019
The proportion of teachers who are not fully certified is another indicator that researchers have used to argue that a national shortage is large and growing. According to the Economic Policy Institute, 1 in 10 teachers in high-poverty schools are not fully certified.
AJC
December 4, 2019
Compared to other adults who completed college, teachers’ total compensation is 13 percent lower in 2018, according to the Economic Policy Institute, which may help explain some of the shortages many districts report. A Brookings Institution analysis shows that the wage penalty is even more extreme for science and math teachers.
The 74
December 4, 2019
In many ways, the phrase “good economy” is misleading. One report from the Economic Policy Institute estimated that 85% percent of income gains between 2009 and 2013 went to the top 1% of earners, which means that economic growth, no matter how prolonged, doesn’t always lift everyone equally. While solving this problem isn’t quite as straightforward as opening a mutual fund, it’s one reason to consider supporting a fair economy, not just a good one.
Policygenius
December 4, 2019
The child care system isn’t just holding back women. The Economic Policy Institute reports fixing the system would add more than $1 billion of new economic activity to Alabama.
WZDX
December 4, 2019
“Brazil has been stepping in and taking advantage of the decline of imports from other countries,” said Robert Scott, senior economist and director of trade and manufacturing policy research at the Economic Policy Institute, a nonpartisan think tank.
The Epoch Times
December 4, 2019