A 2014 report from the Economic Policy Institute estimated that 851,000 jobs were lost because of the trade deficit with Canada and Mexico. The same group found that the trade deficit in goods with China cost 3.4 million jobs from 2001 to 2017.
The New York Times
September 18, 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
September 18, 2019
If these tariffs are implemented, Acevedo says, consumers are likely to see prices go up instantly. Other experts agree. “It’s gonna push up the price of cars. Consumers will pay more. That’s going to affect buyers across the spectrum,” says Robert E. Scott, a senior economist at the Economic Policy Institute.
Acorns
September 18, 2019
We don’t know all the names of the 1.7 million of 166 million workers who earn over $250,000 but some of them are famous–Jeff Bezos, Warren Buffett, and others. And those who earn over $250,000 (again, less than 1% of all workers) hold the bulk of private tax-advantaged retirement assets and pensions, making them the main beneficiaries of the private retirement system. The Economic Policy Institute found that the top 1 percent of wages grew 138 percent since 1979, while wages for the bottom 90 percent grew only 15 percent. Social Security is in potential financial trouble because the earnings subject to the payroll tax is capped, and low incomes have stagnated while incomes above the cap increased. The Warren plan would help right this imbalance and mitigate this hidden and destructive consequences of income inequality.
Forbes
September 18, 2019
An even broader study of 138 minimum wage changes between 1979 and 2016, conducted by researchers at the University of Massachusetts-Amherst, the Economic Policy Institute, and University College London, found that “the overall number of low-wage jobs remained essentially unchanged over five years following the increase.”
The Sentinel
September 18, 2019
24/7 Wall St. reviewed estimates from financial think tank the Economic Policy Institute on what it would cost a single adult or a family of four (two parents and two children) to have a “modest yet adequate standard of living.” We used the data to determine what it actually costs to live in America’s most expensive cities.
24/7 Wall St.
September 18, 2019
The average income of the richest 1% in the Jackson metropolitan area is more than $16.1 million, while the average income of the remaining 99% is $122,447, according to a 2018 report published by the Economic Policy Institute.
Business Insider
September 18, 2019
Currently, most Uber drivers are barred from joining together and suing the company because they signed an arbitration agreement forbidding it. (They are, however, allowed to do so in sexual-harassment cases.) Arbitration agreements, which generally are used as a condition of employment and require a worker to take a case to arbitration instead of court, have become more prevalent in recent years. More than 55% of the American workforce is subject to these agreements, according to a 2018 report from the Economic Policy Institute.
The Philadelphia Inquirer
September 18, 2019
According to The Economic Policy Institute, teachers in the U.S. spend at least $459 on classroom supplies every year.
WFMY News 2
September 18, 2019