According to Sanders, the impacts he identified are based on an evaluation of House and Senate versions of the budget resolutions by the Office of Management and Budget, the Economic Policy Institute and the Institute of Taxation and Economic Policy. Some data was generated based on projections from the Census Bureau and the Centers for Medicare and Medicaid Services.
The Hill
April 28, 2015
The argument has long bothered Thomas Hungerford, senior economist and director for budget and tax policy at the left-leaning Economic Policy Institute, because it takes for granted that there is no possibility of raising additional revenue. And in a new paper released Tuesday, Hungerford makes the case that not only is the U.S. not broke, but it can raise enough money to pay for future spending needs, including important additional investments in infrastructure and education. “While the federal government is projected to run deficits far into the future, the U.S. economy is projected to generate substantial amounts of income growth far into the future,” he writes. “This means the real fiscal challenge is simply the political problem of raising revenues that are sufficient to meet our spending needs.”
Fiscal Times
April 28, 2015
President Bill Clinton at the time made big promises of job gains, while presidential contender Ross Perot warned of a “giant sucking sound” that would devour nearly six million jobs. Some economists since have argued loudly that Nafta did indeed devour jobs and drive down wages, while others have argued that such claims are overblown and simplistic.
Wall Street Journal
April 27, 2015
Each side has its share of studies to bolster its argument about the benefits and costs of the agreement. Critics have pointed to the loss of manufacturing jobs over the past generation. The Economic Policy Institute, a think tank critical of many major trade deals, has determined that non-college-educated Americans have lost $1,800 annually in wages in recent decades because of international trade agreements.
Newsweek
April 24, 2015
The Washington Post
April 23, 2015
The issue of low wage workers facing erratic work scheduling has taken on more national prominence in recent years. An April study from the Economic Policy Institute found that about 17 percent of the workforce is saddled with “unstable” work shift schedules.
New York Observer
April 23, 2015
The issue of low wage workers facing erratic work scheduling has taken on more national prominence in recent years. An April study from the Economic Policy Institute found that about 17 percent of the workforce is saddled with “unstable” work shift schedules.
MSNBC.com
April 23, 2015
On top of that, the White House and Congress are pushing to “fast-track” the TTP in ways that limit debate and restrict lawmakers from shaping the agreement in ways that address concerns regarding its impact. “A lot of people think the only people who have to be concerned about the downsides are those who will be directly replaced by imports,” Josh Bivens, research and policy director at the left-leaning Economic Policy Institute, told CBS MoneyWatch. “People say, ‘Well, it’s not that many — the manufacturing sector bears the brunt,’ and that’s actually wrong. Landscapers and waitresses might not be displaced by imports, but their wages suffer because they are competing with those who were displaced.”
Those on the losing end of the deal will likely be workers without college degrees, who represent 70 percent of the U.S. workforce, EPI said. In a research paper about the TPP, Bivens calculated that expanded trade overall has lowered wages for a non-college-educated worker by about $1,800 annually.
CBS News Moneywatch
April 23, 2015
But data show that depending on where people live, how many children they have and what their health care needs are, even $75,000 might not be enough to cover the bills. Nevermind having money left over to save for college or retirement or an emergency. “Often times when you think about the middle class you think about people who are able to invest in their future — being able to save for a rainy day or if somebody loses a job in your family, being able to cover that,” says Elise Gould, a senior economist at the Economic Policy Institute. “$75,000, depending on where you’re living, may not allow you to make that kind of investment.”
In New York City, for example, a family of four with two parents and two children would need an annual salary of $94,676 to pay for basic living expenses like housing, food and transportation, according to a budget calculator from the Economic Policy Institute based on 2013 prices. In Washington, they need $89,643 to live. Those figures don’t include savings.
The Washington Post
April 22, 2015
There is such a thing as a good trade agreement, though it’s barely conceivable that Obama and Congress could negotiate one. We could imagine, for example, something that did away with tax havens for corporate profits. (For a detailed analysis of this, see this paper from the Economic Policy Institute.)
The New York Times
April 22, 2015