As I wrote last year, in a report on the economic costs of conflicted investment advice, President Barack Obama’s Council of Economic Advisers concluded that “conflicted advice costs Americans about $17 billion in foregone retirement earnings each year.” Over the summer, the Economic Policy Institute, a progressive think tank, estimated that an 18-month delay in the full implementation of the rule would cost retirement savings $10.9 billion over the next 30 years. The EPI has also previously estimated that earlier delays under the Trump administration will cost savers $7.6 billion over the next 30 years.
Pacific Standard
November 28, 2017
“Perhaps the most intuitive reason we know these cuts will fail to spark wage growth is that corporate profit rates have been historically high since 2007, while business investment has been historically low,” Josh Bivens, an economist at the liberal Economic Policy Institute, wrote this week.
The New York Times
November 27, 2017
According to Josh Bivens, director of research at the Economic Policy Institute, “The reason to oppose the latest round of Republican tax cuts is that they’re simply unfair and stupid and solve no economic problem facing typical American families. That should be more than enough.”
Common Dreams
November 27, 2017
But Heidi Shierholz, who was the chief economist at Obama’s Labor Department and who now directs a project on worker rights and wages at the liberal Economic Policy Institute, said that there were no credible studies showing that regulations cost American jobs. Some industries, such as the fossil fuel industry, may suffer disruption and losses, she said, but others — such as renewable energy — step in. She accused Trump of campaigning as a populist but governing as a big-business president when it comes to regulations to protect people. (Heidi quoted throughout)
St. Louis Post Dispatch
November 27, 2017
But many believe the loophole had the opposite effect, driving companies instead to pay more in stock options and certain performance-based bonuses, which actually supercharged the growth in CEO pay. 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
November 27, 2017
Cheap labor has attracted American companies to Mexico for decades. The Economic Policy Institute’s Robert Scott estimates about 800,000 U.S. jobs were lost to Mexico between 1997 and 2013. NAFTA became law in 1994.
CNN Money
November 27, 2017
Unemployment for black Americans at 7.5 percent is almost twice the rate it is for whites, and after the Great Recession of 2008 hit a high of 16.8 percent. The annual unemployment rate for blacks with at least a college degree was 3.7 percent in June, compared to 2.3 percent for whites with at least a college degree, according to data from the left-leaning Economic Policy Institute.
The Boston Globe
November 27, 2017
At the same time that families have been asked to shoulder more of the responsibility of the cost of college, they’ve also been struggling to stretch their limited dollars. The wages of middle-class workers have grown just 6% since 1979 and low-wage workers’ wages actually dropped 5% during that period, according to the Economic Policy Institute, a left-leaning think tank.
Market Watch
November 22, 2017
A 2015 study by the left-leaning Economic Policy Institute estimated that wages in right-to-work states are 12.7 percent lower than in states without those laws. Another study, released last April, concluded that the law resulted in workers in Indiana, Michigan and Wisconsin losing 2.6 percent of their earnings along with a 2.1 percent decline in the unionization rate.
City & State
November 22, 2017
Today is the last day for people around the world to apply to what’s known as the diversity lottery program. That’s the program that gives U.S. visas to people from countries with low rates of immigration. The recent round of applications is for fiscal year of 2019. The program made recent headlines after a recipient was accused of carrying out a deadly terrorist attack in Manhattan, which prompted calls from President Donald Trump to do away with the program. What would stopping the program do to the U.S. economy? (Daniel Costa is in the full clip)
Marketplace
November 22, 2017