As far as the economy goes, most Blacks are not sure what the unemployment rate is but they believe it is a problem in their local community. The current employment rate nationwide is 3.6. However, it is double among Black people, according to the Economic Policy Institute. Blacks think that the economy is about the same or getting worse, according to the YouGov poll. Just 40 percent are worried about losing their jobs and finding one with comparable pay.
The Miami Times
June 28, 2019
Heidi Shierholz, who was the chief economist at Obama’s Labor Department when the overtime rule was proposed and now works for the Economic Policy Institute, estimated that the Obama rule would have given new protections to 4.6 million workers in 2020 due to automatic updating.
Politifact
June 28, 2019
“According to the Economic Policy Institute, the Trump administration’s proposal will leave behind more than eight million workers compared to the Obama-era rule. This means over half of the workers who would have gotten new or strengthened overtime protections under the 2016 rule would be left behind by this proposed Trump administration rule,” their fact sheet added.
Labor Tribune
June 28, 2019
Now, six months later, McMillon is calling for a federal minimum wage increase, but will not commit Walmart to the $15 per hour minimum wage that the Economic Policy Institute has said will provide a family with a “modest but adequate standard of living.”
Daily Journal
June 28, 2019
The concept that one is able to live off the minimum wage is an entitled fantasy. The minimum wage was established in 1938 under the Fair Labor Standards Act. The act passed during one of the poorest times in our country’s history as a way to stabilize those at the bottom end of the pay scale. In 1938, the minimum was established at 25 cents an hour, comparable to $4.53 an hour in 2018. In 1938, the established minimum rate was 29% of the then-median hourly wage. Twenty-nine percent of today’s median hourly wage of $18.72 is $5.43 (Economic Policy Institute). So why $15 an hour?
Lancaster Online
June 28, 2019
It’s hard to see any harm done in an unpaid internship – they’re free to leave, after all. According to the Economic Policy Institute, however, unpaid internships can be of great detriment to social mobility. Its report shows how the unpaid intern is not the only stakeholder; students who cannot afford to work for free are also affected. For such students, the price of an unpaid internship is not just time, but the opportunity cost of the wages they could be earning in another part-time or full-time role. Upon graduation, when these students are outcompeted by those who had the support for an unpaid internship, their disadvantage becomes even greater.
Business News Daily
June 28, 2019
There is a shortage of about 100,000 teachers nationwide, said Tara Kini, the director of state policy for the Learning Policy Institute, and addressing that vacuum continues to be a massive drain on resources. The Economic Policy Institute found in a March report that filling a vacant position costs $21,000 on average.
NBC News
June 28, 2019
The Economic Policy Institute hosts a conference today on Taxing the (Very) Rich:
The conference will highlight the importance of taxing ultra-high earners to any serious effort to combat inequality and raise living standards for the vast majority. A prestigious group of policy experts and activists will discuss the necessity of raising taxes on the very rich, and debate various proposals for doing so.
Speakers include:
- Lily Batchelder (NYU)
- Paul Krugman (New York Times)
- Nancy MacLean (Duke)
- Ray Madoff (Boston College
TaxProf Blog
June 28, 2019
In remarks earlier Tuesday at a “Taxing the (Very) Rich” conference hosted by the progressive think tank Economic Policy Institute, Van Hollen said the measure “will close the 21% shortfall,” The Hill reported.
Newsmax
June 28, 2019