According to the Economic Policy Institute, in 1965 bosses of the largest companies in the U.S. earned around 20 times more than their average employee. By 1989 the number had more than trebled to 58 times. Today it’s over 300 times and rising. And some CEOs are making astronomically more than their workers.
Forbes
June 7, 2019
“The most effective tools available are those that would directly intervene in currency markets,” the economist Robert Scott wrote in another article Warren cited. Scott noted the 2012 Peterson Institute brief, which recommended large purchases of foreign currencies, as well as the so-called “Market Access Charge” promoted by former World Bank economist John Hansen. The charge is essentially a tax on capital inflows.
CNBC
June 7, 2019
Republicans argue that American workers face a disadvantage because of China’s unfair trade practices and theft of intellectual property. Approximately 3.4 million U.S. jobs were lost to the trade deficit with China between 2001 and 2017, according to a study by the Economic Policy Institute, a left-of-center think tank, and the country loses as much as $600 billion due to Chinese intellectual property theft per year. President Trump has bet much of his presidency on confronting China and revising the terms of trade.
Washington Examiner
June 7, 2019
Pedro Da Costa, director of communications at the Economic Policy Institute, talks to France 24 about US President Donald Trump’s announcement to impose a 5% tariff on Mexico starting June 10th, unless they stop illegal immigration.
France 24
June 7, 2019
Robert Scott, senior economist at the Economic Policy Institute, was more skeptical of the numbers produced by China. “There’s a lot of distortion in the trade data that China publishes,” Scott told Newsweek. “The fact of the matter is China still imports about one-fifth from us as much as they export, and these numbers don’t change that fact.”
Newsweek
June 7, 2019
An Economic Policy Institute (EPI) analysis released in February showed that the bill would, as Common Dreams reported at the time, “boost the incomes and improve the lives of an estimated 40 million Americans.” The EPI report also explained that “because lower-paid workers spend much of their extra earnings, this injection of wages would help stimulate the economy and spur greater business activity and job growth.”
Common Dreams
June 7, 2019
Adding to the alarming outcomes from the Department of Education briefing, the Economic Policy Institute published study results in 2018 listing the negative effects of chronic absenteeism on student test scores. The report states that eighth-graders who missed three or more days the month before testing scored 0.3 to 0.6 standard deviations lower on the NAEP math test than students who did not miss any school.
Gallup
June 7, 2019
“[L]ow-wage workers in general, of which high school graduates make up a disproportionate share, have been showing larger wage gains over the last five years thanks to an economy approaching full employment as well as a series of state-level minimum wage increases,” according to a study released Thursday by the Economic Policy Institute (EPI), a Washington, D.C.-based think tank.
ThinkProgress
June 7, 2019
High school graduates receiving their diplomas this month have better job prospects than those who graduated in 2007. But they’re still worse off than high school graduates in 2000. That’s according to a new report from the Washington D.C.-based Economic Policy Institute.
MPR News
June 7, 2019
Despite these numbers, career prospects for high-school graduates today still aren’t as good as they were for graduates in 2000, according to a study released Thursday by the Economic Policy Institute (EPI), a liberal think tank based in Washington, D.C.
Market Watch
June 7, 2019