A 2018 study published by the nonpartisan Economic Policy Institute titled “Unfulfilled promises” echoes Kumar’s reasoning. It concluded that state and local governments that used tax incentives to lure Amazon warehouses didn’t see a significant return on their investments. Amazon has not sought any tax breaks from St. Lucie County.
TC Palm
August 6, 2019
Davis and other councilmembers say the warehouse will also help spark job growth. But experts at the Economic Policy Institute say that the fulfillment centers do not generate broad-based employment growth. The institute’s study found that the tax-increment financing, tax breaks, and other money provided by local governments to lure Amazon doesn’t level out with increased employment and overall long-term economic growth to the local area.
WAMU 88.5
August 6, 2019
Davis and other councilmembers say the warehouse will also help spark job growth. But experts at the Economic Policy Institute say that the fulfillment centers do not generate broad-based employment growth. The institute’s study found that the tax-increment financing, tax breaks, and other money provided by local governments to lure Amazon doesn’t level out with increased employment and overall long-term economic growth to the local area.
WAMU 88.5
August 6, 2019
“Wage growth continues to fall short of what we’d expect in an economy that has had historically low unemployment — the unemployment rate has been at (or below) 4.0 percent for the past 17 months,” said Elise Gould, a senior economist at the Economic Policy Institute in a release.
Cheddar
August 6, 2019
“Wage growth continues to fall short of what we’d expect in an economy that has had historically low unemployment—the unemployment rate has been at (or below) 4.0 percent for the past 17 months,” writes Elise Gould, senior economist at the Economic Policy Institute. “…Unfortunately, disappointing wage growth is not a new feature of the U.S. economy. According to new data released this week, hourly pay has continued to diverge from economy-wide productivity. Since 1979, productivity has risen six times faster than hourly compensation for the typical U.S. worker.”
PayScale
August 6, 2019
“Wage growth continues to fall short of what we’d expect in an economy that has had historically low unemployment,” tweeted Economic Policy Institute analyst Elise Gould after BLS reported wages grew at a 3.2% annual rate. “The unemployment rate has been at (or below) 4% for the past 17 months” and economists believe such a tight labor market should prompt businesses to compete for scarce workers by offering better pay. They aren’t.
United Steelworkers
August 6, 2019
All told the new laws will create an additional $5 billion in annual wages for 4.5 million workers nationwide, according to the Economic Policy Institute, a nonprofit Washington, D.C think tank.
MarketWatch
August 6, 2019
Wage gains have been strongest this year for workers earning $12 to $14 an hour and those at the top end of the pay scale who earn more than $60 an hour, according to a new analysis from the liberal Economic Policy Institute.
Northwest Arkansas Democrat Gazette
August 6, 2019
Executive compensation standards are off the charts for some U.S. execs, with CEOs at America’s largest firms making 312 times the annual average pay of the typical worker, according to a 2017 study by the Economic Policy Institute. And the big paychecks are far from the only perk.
MSN Money
August 6, 2019
According to researchers at the Economic Policy Institute, a progressive think tank, state employees in Nevada earn between 1 and 13 percent less than their private-sector peers in total compensation, and their health care benefits are less generous compared to state workers in other parts of the country. Workers who advocated in Carson City for the legislation, however, went to great lengths to say that it was not just about wages and benefits, but also things like working conditions and safety. Rick McCann, head of the Nevada Association of Public Safety Officers, said for example that now his members can bargain over things like body-worn cameras and dashcams.
The Intercept
August 6, 2019