Iowa remains well off the pace of job growth needed for full recovery from the last recession, which ended in June 2009. Analysis by the Economic Policy Institute shows Iowa needed a net increase of 108,000 jobs since December 2007, the start of that recession, to keep up with the population growth of 7.1 percent since that time. Jobs have grown only by 69,600, leaving a job deficit of 38,400.
PublicNow
July 30, 2019
These days, the divorce might be more common than the pension. According to a 2002 report from the Centers for Disease Control and Prevention, the probability of a marriage ending in the first 5 years is 20%, and 33% of marriages end within 10 years. Meanwhile, only 18% of private sector workers have a pension, compared to 35% in the 1990s, information from the Economic Policy Institute shows.
Smart Asset Blog
July 30, 2019
Today, there are only a few jobs that still come with pensions. However, according to USA Today, “retirement has taken a back seat to corporate profitability for more than 40 years as the United States has embraced the reduction of pensions.” A report by the Economic Policy Institute concludes that the switch from pensions to self-directed 401k-style accounts, which started around 1980, has been disastrous for the American worker.
GoBankingRates
July 30, 2019
Larry Mishel, a labor economist at the Economic Policy Institute, thinks the McKinsey report exaggerates the effects of automation, and said the U.S. is actually experiencing a very slow adoption of automation technologies.
“I believe we’re in a very slow wave of automation,” he told InsideSources. “We’re seeing a very slow growth in capitol investment, in information equipment investment, in software investment, and we some of the slowest growth of those things compared to the entire post-WWII period. If you believe automation is happening, you’d imagine it’s accompanied by more software and more computers, but we’re not getting that. The other major indicator is, in every decade there are some occupations that are growing and some that are declining. In the years since 2000, we’ve seen the slowest change of the occupation mix in maybe 150 years.”
InsideSources
July 30, 2019
The Economic Policy Institute found that, on average, college graduates earned 56 percent more than high school graduates in 2015. That was up from 51 percent in 1999 and is the largest such gap in EPI’s figures dating to 1973. EPI data found that since the Great Recession ended in 2009, college-educated workers have captured most of the new jobs, and enjoyed pay gains while non-college grads have faced dwindling job opportunities and an overall 3 percent decline in income.
Tahlequah Daily Press
July 30, 2019
Cities want to attract highly educated workers to fuel their economic growth and tax revenues. Higher levels of education tend to lead to higher salaries. And the more that graduates earn, the more tax dollars they contribute over time, according to the Economic Policy Institute.
WalletHub
July 30, 2019
But I also want to be careful to not be overly exonerating. In trade debates in the 1990s, as any Economic Policy Institute veteran will tell you, pure win-win arguments, like the one I pulled out of the 1994 Economic Report of the President, dominated among economists. EPI’s arguments that elevated the plight of those hurt by trade were treated as heresy, and not just by politicians trying to pass NAFTA, but by economists. Just ask EPIers like Rob Scott, Thea Lee, and Larry Mishel, who have the scars to prove it.
On the Economy
July 30, 2019
This isn’t just our opinion but one that is shared by policy experts on the left and right. Just last month, a dozen organizations spanning the ideological spectrum — from Tax March and the Economic Policy Institute to Americans for Prosperity and Heritage Action to the Committee for a Responsible Federal Budget and Concord Coalition — signed a letter begging Congress not to revive these tax extenders.
San Antonio Express
July 30, 2019
Through those agencies, writes Pedro Nicolaci Da Costa of the labor-oriented Economic Policy Institute, “Trump is pursuing the most hostile anti-labor agenda of any modern president.”
Los Angeles Times
July 30, 2019
According to a 2015 Economic Policy Institute issue brief, the cost of childcare exceeds the cost of rent for most two-child families. Childcare is one of the biggest expenses in a family’s budget and is especially unaffordable for minimum-wage workers.
Courier-Post
July 30, 2019