The Economic Policy Institute (EPI), a left-leaning think-tank, speculated about a possible slowdown in the economy — but revised that prediction upon seeing the official BLS numbers: “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.”
HR Dive
July 8, 2019
Valerie Wilson is an economist with the Economic Policy Institute in Washington, D.C. “While June’s 3.1% growth rate is higher than the slow rate we saw earlier in the recovery, it is still below the rate we’d expect to see in a strong economy,” according to her.
MultiBriefs: Exclusive
July 8, 2019
A wage growth rate closer to 3.5% would be an indicator of genuine, full employment, said Valerie Wilson of the Economic Policy Institute. “If that were the case, it would be a clearer sign that workers are getting a larger share of corporate income, and we would want that to be consistent over a period of time, not just one month,” Wilson said.
CBS News
July 8, 2019
Valerie Wilson, director of the Economic Policy Institute’s Program on Race, Ethnicity, and the Economy, writes:
As you can see in EPI’s nominal wage tracker, there has been a distinct leveling off in wage growth in recent months. While June’s 3.1 percent growth rate is higher than the slow rate we saw earlier in the recovery, it is still below the rate we’d expect to see in a strong economy. To be at genuine full employment, wage growth would have to be at least 3.5 percent, and for a consistent period of time to allow labor’s share of corporate sector income to recover.
PayScale
July 8, 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, director at the Economic Policy Institute, a left-leaning think tank.
The Hill
July 8, 2019
Stack-Martinez cited a May 2019 study by the Economic Policy Institute that found Uber drivers earn about $9.21 per hour after the company’s commissions and fees, after vehicle expenses, and deducting the cost of a modest package of health insurance and other benefits equivalent to those of workers classified as employees.
People’s World
July 5, 2019
Rob Scott, director of trade and manufacturing policy research at Washington-based think tank The Economic Policy Institute, said that American manufacturing is still an important part of the American economy and one that food and beverage companies are particularly well-positioned to harness.
“In food processing, weight and distance matters,” Scott said. “We produce most of what we consume here.”
Forbes
July 5, 2019
Marcus’ remarks come as US lawmakers and nonprofits press the company to answer questions about the project, including why they should trust Facebook’s vow that it will not use data from its digital wallet. On Tuesday, the Economic Policy Institute, US PIRG and other nonprofits, as well as five Democratic lawmakers, sent the company two separate letters asking Facebook to pause its plans to develop a new cryptocurrency.
CNET
July 5, 2019
A $15-an-hour minimum wage would represent an earnings boost for some 40 million workers. It would mean a pay raise of nearly 40 percent of black workers and 33 percent for Hispanics, according to the Economic Policy Institute.
AFSCME Now
July 5, 2019
“There is still room for employment-population ratios to grow: These are largely untapped segments of the labor force,” said Valerie Wilson, director of the Economic Policy Institute’s program on race, ethnicity and the economy to The Times. “Since there are more Black and Brown people in the population, in the labor force, it’s reasonable to think that these are the groups in which you’ll see the growth.”
Center for American Progress
July 5, 2019