Elise Gould, a senior economist at the Economic Policy Institute, warned that the economy still hasn’t fully recovered from the Great Recession. “[Job creation] is fast enough to keep up with population growth and even pull some workers in off the sidelines—but it is, notably, the slowest year for job growth since 2010,” she said in a statement. (Elise quoted throughout)
New York Observer
January 8, 2018
The year’s monthly average of 171,000 new jobs is below the previous year’s. “[I]t is, notably, the slowest year for job growth since 2010,” Elise Gould, an economist at the Economic Policy Institute, said in a note. However, lower-paid and less-educated workers are finally making gains after not seeing much improvement in the past few years, with unemployment ticking down slightly for those with only a high school degree, to 4.2 percent.
CBS Moneywatch
January 8, 2018
During previous times of a similar unemployment rate, the share of people in the workforce was much higher, said Elise Gould, economist for the Economic Policy Institute. In 1998, 81.2 percent of the people in their prime working years were in the workforce. In 2006-07, 80.1 percent of “prime-age” Americans were in the workforce.
The Atlanta Journal Constitution
January 8, 2018
This marks the 87th consecutive month of employment growth. Nonfarm employment increased by 174% per month on average from January to November 2017, according to the Economic Policy Institute…. Elise Gould, senior economist at the Economic Policy Institute, argues that ten years after the Great Recession, the economy has still not returned to 2007 benchmarks or the healthier levels of economic indicators in 2000.
Fortune
January 8, 2018
“While by some measures the economy has recovered, the top-line numbers mask important differences in the experiences of working people,” said Economic Policy Institute senior economist Elise Gould. “Wages need to grow much faster,” continued Gould, “and for a sustained period of time, before it’s safe to say we’ve fully recovered.”
Press Associates Union News Service
January 8, 2018
This month, Thea Lee took over as president of the Economic Policy Institute, America’s premier left-wing economic think tank. We spoke to her about Trumponomics and the fight for equality. Lee spent two decades as an economist at the AFL-CIO, America’s largest federation of unions, before taking over as head of EPI—a group that produces some damn good charts. She will have her work cut out for her. (Interview with Thea)
Splinter News
January 5, 2018
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.
Market Watch
January 5, 2018
Skyrocketing executive pay packages are about to become more costly for corporate America
The Washington Post/Renae Merle
Instead of stopping the growth of executive pay, the law helped supercharge it, according to academics who have studied the issue. Companies that paid their chief executives less than $1 million a year often boosted their salary and many began looking for ways to take advantage of the loophole for deducting the cost of “performance-based” pay, they said. In 1989, according to the left-leaning Economic Policy Institute, the median value of annual CEO compensation was $2.7 million. By 1995 it was $6.6 million, and it reached $13 million in 2016.
The Washington Post
January 4, 2018
A recent Economic Policy Institute study found that approximately 16 percent of private sector non-union employers, employing just under 25 million workers, already impose employment agreements that mandate arbitration and bar class relief. Supreme Court approval of such prohibitions will surely cause those already eye-catching figures to balloon.
The American Prospect
January 4, 2018
The Trump administration has already upended several of those policy changes and is currently working through the regulatory process to undo more. Marni von Wilpert, an associate labor counsel at the progressive Economic Policy Institute, sees it as a huge step backward for worker rights and protections. “A lot of workplace rights are being rolled back by the Trump administration,” Wilpert told InsideSources. “We see it across agencies from worker safety under OSHA to wage and hour under the Department of Labor, rescinding their joint-employer guidance at the National Labor Relations Board.”
Inside Sources
January 4, 2018