A report from the Economic Policy Institute shows 1.9 million fewer people working in construction and manufacturing, despite the economy adding 8.2 million jobs in the private sector. On the other hand, positions for those without a bachelor’s degree have increased in lower-paying industries such as hospitality, health care, temporary help services and other services.
The Seattle Times
August 17, 2017
Daniel Costa, director of immigration law and policy research at the Economic Policy Institute in Washington, said it’s incumbent on business owners without legal residency to prepare for the worst: “If they want their business to survive, they are going to have to put a plan in place.”
The Associated Press
August 17, 2017
Here again, though, the economic evidence tells a different story. In fact, as a recent paper by Lawrence Mishel and Josh Bivens of the Economic Policy Institute puts it, “automation, broadly defined, has actually been slower over the last 10 years or so.” And lately, the pace of microchip advancement has started to lag behind the schedule dictated by Moore’s law. Corporate America, for its part, certainly doesn’t seem to believe in the jobless future. If the rewards of automation were as immense as predicted, companies would be pouring money into new technology. But they’re not. Investments in software and IT grew more slowly over the past decade than the previous one. And capital investment, according to Mishel and Bivens, has grown more slowly since 2002 than in any other postwar period. That’s exactly the opposite of what you’d expect in a rapidly automating world. As for gadgets like Pepper, total spending on all robotics in the US was just $11.3 billion last year. That’s about a sixth of what Americans spend every year on their pets.
WIRED
August 16, 2017
FEATURING HUNTER BLAIR – Right wing economists often decry US corporate tax rates as being among the highest in the world. In fact that is the basis for much of the Republican-led efforts to re-write the US tax code. But although the theoretical tax rate, or what is called the “statutory” tax rate, is 35%, the actual rates that corporations pay vary between 12% and 19%. A new report by the Economic Policy Institute suggests that rather than reducing the statutory tax rates for corporations, the US needs to close the myriad loopholes that enable corporate tax dodgers. (video interview with Hunter)
Rising Up with Sonali
August 16, 2017
The Economic Policy Institute said in 2013 that some 700,000 jobs had been lost as production moved to Mexico – with California, Texas, and Michigan among the worst hit states.
Al Jazeera America
August 16, 2017
There is no doubt Trump’s base is predominantly white and, generally speaking, it is hurting. Take college and jobs, for instance: according to the Economic Policy Institute, the earnings gap between those with and without a college degree is the widest ever recorded.
The Guardian
August 16, 2017
“I wouldn’t be surprised if we saw 200,000 jobs certified this year,” said Daniel Costa, director of immigration law and policy research at the Economic Policy Institute. The lack of growth in the undocumented immigrant population, coupled with “open questions” about the Trump administration’s enforcement tactics, could cause the program to grow even more, he told Bloomberg BNA Aug. 10. (Daniel quoted throughout)
Bloomberg BNA
August 15, 2017
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