Lawrence Mishel, a labor-market economist at the left-leaning Economic Policy Institute, told MarketWatch that Amazon “should be neutral to collective bargaining.” He added, “I think it’s important to have workers’ voices in what’s going on.”
MarketWatch
July 18, 2019
John Bivens, the director of research at the Economic Policy Institute Policy Center, told Newsweek that $2.75 trillion in tax revenue “would come really close to paying for her child care, free college and debt forgiveness proposals.”
“The estimates on those are roughly $700 billion, $600 billion and $650 billion respectively,” Bivens added. In total, those plans would cost about $1.95 trillion and still leave $800 billion left over for other policy ideas.
Newsweek
July 18, 2019
But for most the idea of a nest egg or a secure retirement is just a dream. According to the Economic Policy Institute, almost half of all Americans have no retirement savings at all. And more than 60 percent have less than $1,000 in savings of any kind.
Texarkana Gazette
July 18, 2019
And these measures worked. The wealthier white population steadily began to leave Detroit, shrinking the population and its tax base. According to the Economic Policy Institute in America, this left the city “less able to support public schools, public safety, and its huge, geographically spread-out infrastructure” which ultimately “turned Detroit from a wealthy white city into a desperately poor black city”.
GQ
July 18, 2019
But to fully understand the larceny that undergirds the twin scourges of racism and monopoly capitalism, you need only interrogate the proliferation of high-interest home loans, or subprime mortgages, which triggered the collapse of the global real estate market in 2008. An analysis by the Economic Policy Institute of data compiled at the zenith of the real estate boom found that 53 percent of all black borrowers were issued subprime loans, compared to 47 percent of Latinos and a quarter of white borrowers. In New York City, African-American home buyers in 2006 were four times more likely than whites to be saddled with a subprime mortgage, wrote Columbia University sociologist Saskia Sassen in the book White Collar Criminals and the Financial Meltdown, citing data compiled by New York University’s Furman Center for Real Estate and Urban Policy. Meanwhile, another study found that between 2004 and 2008, only 6.2 percent of white borrowers with a credit score of 660 or higher received a subprime loan while the rate for black borrowers with similar credit scores was 21.4 percent. In fact, the lending disparities actually widened when households with higher incomes were compared, meaning that an African-American family earning more than $200,000 a year was more likely to be given a subprime loan than a white family making less than $30,000 annually, leaving New York University Sociology Professor Jacob Faber to conclude that borrowers of color were targeted not because they were credit risks, but because they weren’t.
Medium
July 18, 2019
The Economic Policy Institute, a left-leaning think tank, concluded that the U.S. lost about 850,000 jobs from 1993 to 2013 as a result of NAFTA and that number has undoubtedly risen. And the “social progress as well as economic growth” in relation to the agreement never seemed to appear. Despite strong productivity growth in U.S. and Mexican manufacturing, real wages sank by 17% in Mexico from 1994 to 2011 and slid in the U.S. as well.
Bozeman Daily Chronicle
July 18, 2019
GOBaking Rates compared average unemployment rates over 10 years and five years, employment growth rate changes, employment growth, underemployment rates and ratio of job openings to unemployed people – all from the Bureau of Labor Statistics – in addition to the average labor force participation rate from the Economic Policy Institute, job opening data from Glassdoor, and industry variety by state from the Census Bureau’s American Community Survey.
San Antonio Business Journal
July 18, 2019
“While job growth in May and February of this year was well below trend, strong June job growth is a sign that the economy is not in slowdown as it continues to approach full employment,” said Valerie Wilson of the labor-backed Economic Policy Institute.
The unemployment rate ticked up slightly to 3.7 percent, while the overall labor force participation rate and the share of the population with a job were also relatively unchanged from May.
Bozeman Daily Chronicle
July 18, 2019
Companies like arbitration because it can be faster and cheaper than going through a long, drawn out court proceedings. That can benefit consumers as well. Typically, consumers wait 150 days for a decision in an arbitration case, as opposed to waiting an average of 215 days for a class action lawsuit to wrap up, according to the Economic Policy Institute.
CNBC
July 18, 2019
The Bureau of Labor Statistics (BLS) recently released(link is external) the June Jobs report for 2019. The Nonfarm payroll (NFP) unemployment rate is steady at 3.7% and NFP US jobs increased by 224,000. The Economic Policy Institute explains this increase in jobs(link is external) as representative of economic recovery from the 2009 succession, and other reports convey general relief after low job growth in May.
Workday Minnesota
July 18, 2019