Media clips
-
Also, Black women who are married with children, typically work 200 hours more than white and Hispanic women. In a 2015 study by Economic Policy Institute, data shows that married Black women with children, worked 339 more hours than Black single mothers and 132 more hours than childless, non-elderly Black women. What this shows us is that even when tasked with more responsibilities, Black women continue to show up and work hard despite the circumstances. (Blog cited throughout)
Her Agenda August 15, 2017 -
When the federal government aided home buyers with the National Housing Act of 1934, which insured private mortgages, it might also have warded off housing segregation and helped blacks purchase homes. Instead, it supported racist covenants and typically denied mortgages to blacks. This legacy persists. The median household wealth for white families, which consists primarily of equity in housing, stands today at $134,230, according to the Economic Policy Institute. But for African-American families, it is just $11,030.
The New York Times August 14, 2017 -
About 14 million American jobs depend on trade with Canada and Mexico, according to the U.S. Chamber of Commerce, a business advocacy group. But roughly 800,000 jobs were lost to Mexico between 1997 and 2013, to the Economic Policy Institute, a research group.
CNN Money August 14, 2017 -
But Robert Scott, senior economist of the left-leaning Economic Policy Institute, estimates that the U.S. lost more than 670,000 jobs as a direct result of NAFTA between 1993 and 2010. However, he said the U.S. lost more than 3.2 million U.S. jobs due to outsourcing to China over roughly the same period.
Detroit Free Press August 14, 2017 -
A new analysis by the Economic Policy Institute (EPI) finds, however, that this “talking point” is “misleading because what corporations actually pay (their effective rate) is far lower” than the statutory rate of 35 percent. By taking advantage of various loopholes and tax avoidance strategies, EPI’s Hunter Blair notes, American corporations are able to pay far less than what they owe, thus drastically reducing government revenue and bolstering their bottom lines. (whole story)
Common Dreams August 14, 2017 -
The biggest loophole in the U.S. tax code allows U.S. corporations to defer tax payments indefinitely on profits they earn overseas, according to research published on Thursday by the Economic Policy Institute (EPI). The researchers found that the effective U.S. corporate tax rate ranges between 13% and 19%. The CBO also noted that other tax preferences in the federal tax code that are not included in its analysis “would lower that tax rate even more.” EPI notes that genuine tax reform would “close the deferral loophole and ensure that large multinational corporations cannot continue to dodge the taxes they owe.” The most recent tax reform proposal presented by congressional Republicans, however, creates a territorial tax system under which only local income is taxed and the federal government “would no longer tax multinational corporations’ offshore profits at all.” A territorial tax system would make permanent the current deferral loophole according to EPI:
Wall St. 24/7 August 14, 2017 -
“When businesses give this anecdotal evidence that they can’t find the workers they want, the first thing I would ask them is: Have you increased your pay?” says economist Elise Gould of the Economic Policy Institute, a liberal think tank. … Gould’s advice to businesses is to “be less picky” and, in some cases, to stop discriminating. She notes that the unemployment rate for black workers (7.3 percent) is still much higher than for whites (3.7 percent). There are people ready to work. The Washington Post’s Jennifer Contrera followed Donna Maria Osborne, a 59-year-old African-American woman in Washington, to a recent job fair. Despite years of experience as an administrative assistant, she was routinely told she wasn’t what employers were looking for. “I think it’s my age,” she says.
The Washington Post August 9, 2017 -
y
While on the campaign trail, Trump portrayed the US economy as a shit pit that only a businessman like him could save, so he took the opposite tack and ragged on the BLS and its job reports. For two years, he insisted that the agency cooked their books to mask the fact that unemployment was really at up to 42 percent—an outrageous number that would have to encompass every retired, disabled, or non-job-seeking adult and most children in the US to be true. (Unemployment in the US during the recent economic crisis actually peaked at about 10 percent in 2009.) Trump’s “attack on the BLS prior to becoming president was entirely unprecedented,” said Heidi Shierholz, the chief economist at Obama’s Department of Labor from 2014 to 2017 who is currently at the left-wing Economic Policy Institute.
Vice News August 9, 2017 -
You’re not imagining it: the rich really are hoarding economic growth
Vox/Dylan Matthews
The left-leaning Economic Policy Institute has been producing that graphic, and ones like it, for years now. It shows that in the aftermath of World War II through the early 1970s, workers got paid more as the economy grew. Median hourly compensation rose in tandem with productivity (the amount of economic output workers could produce per hour).
VOX August 9, 2017 -
If history is any indication, the Republican board would likely reverse some union-friendly rulings and draw tighter boundaries around who’s eligible to unionize. Celine McNicholas, a labor policy expert at the left-leaning Economic Policy Institute, said the board is one way Trump could chip away at what she considered modest gains made for lower-income workers during the Obama years. “These potential setbacks are going to prove to be incredibly damaging, particularly for folks who are low-wage workers,” McNicholas said. “They are certainly losers under the Trump administration.”
The Huffington Post August 7, 2017