Both ballot measures add up to millions of dollars in extra earnings for the lowest-paid workers in each state. In Arkansas, Issue 5 will pump an extra $400 million into the paychecks of low-wage workers over the next three years, according to an analysis by the Economic Policy Institute. Proposition B will give workers in Missouri an extra $870 million in additional wages over five years.
VOX
November 8, 2018
Proposition B will affect over 670,000 workers in the state, according to Economic Policy Institute. It will result in an increase of more than $1 billion in consumer buying power in Missouri by the time it is fully phased in.
The Columbia Missourian
November 8, 2018
According to an analysis conducted the Economic Policy Institute, Proposition B will result in an increase of more than $1 billion in consumer buying power in Missouri by the time it is fully phased in, affecting over 670,000 workers. This growth in buying power will occur among the lowest-wage families: those most likely to spend new earnings with small, local businesses.
St. Louis American
November 8, 2018
La tasa de crecimiento trimestral de inversiones de negocios cayó en el tercer trimestre del año para crecer a un ritmo anualizado del 0.8%, según cifras dadas a conocer ayer por el Economic Policy Institute, un centro de análisis de corte progresista.
La Opinion
November 6, 2018
— “Heading into the midterms, there’s still no evidence that the TCJA is working as promised,” from the Economic Policy Institute
Politico Pro
November 6, 2018
These dire predictions were challenged by economist Robert E. Scott, director of trade and manufacturing policy research at the Economic Policy Institute, a union-backed think tank in Washington. He estimated this year’s tariffs’ rise has boosted the cost of imported steel and aluminum and $50 billion of Chinese goods by about $20 billion annually, or one-tenth of one percent of the gross domestic product, the sum of all goods and services produced in the United States. “It’s hard to see how that can slow down economic growth or affect inflation,” he said. Scott also called for reducing the U.S. dollar’s value by 30 percent because of persistent layoffs in the United States due to the trade deficit. He said the cheaper dollar would reduce the price of U.S. exports, thereby narrowing the imbalance, or deficit, between the amount of imported goods and U.S. exports.
Newsday
November 5, 2018
In a recently released state-by-state review of unemployment rates by race and ethnicity for the third quarter of 2018, Janelle Jones, an analyst at the nonpartisan Economic Policy Institute, found that 12 states have a black unemployment rate that is at least twice as large as the white unemployment rate. What’s more, in each of the 21 states and the District of Columbia, for which figures were available, the black unemployment rate was higher in each of them than it was for white Americans. Jones’ findings further underscore the fact that even as the nation climbs back from its pre-recession unemployment level, the bounty isn’t filling the pocketbooks of black Americans. For instance, she found the nation’s highest black unemployment rate was in the District of Columbia at 12.4 percent, producing a 6.2-to-1 disparity with white workers in the Nation’s Capitol. Worse, the District has the dubious distinction of having the highest black unemployment rate during the previous eight quarters — this despite the fact that Washington, DC and its surroundings are the third-richest metropolitan area in the country and home to the most affluent population on the East Coast.
Think Progress
November 2, 2018
The number of elderly SNAP beneficiaries is likely to increase in the coming years as baby boomers age and continue to face unique financial challenges. Rent has grown faster than wages over the past two years, according to numbers from the Labor Department released in July, and health-care premiums have risen from an average of $6,000 per year in 1999 to $18,000 in 2016, an Economic Policy Institute study found.
Market Watch
November 2, 2018
Researchers with the Economic Policy Institute (EPI) found that between 2001 and 2017, the U.S.-China trade deficit has been responsible for the loss of 3.4 million American jobs. The vast majority of jobs lost from free trade with China has been in the U.S. manufacturing sector, making up 74.4 percent of all jobs lost and amounting to 2.5 million U.S. manufacturing jobs lost. This total of jobs lost also includes the 1.3 million American jobs lost since 2008. The EPI researchers note that the U.S.-China trade deficit has eliminated American jobs in all 50 states and in every single congressional district across the country. (whole story)
Breitbart
November 1, 2018
New York is ranked third in manufacturing job losses, behind California and Texas, according to the report by the Economic Policy Institute.America’s trade deficit with China came to $375 billion last year. That wide imbalance occurred because US exports to China of $130 billion in 2017 were overshadowed by China’s $506 billion exports to the US, with $77 billion in computers and accessories and $70 billion in cell phones.
New York Post
November 1, 2018