In addition to a $25 per ton tax on carbon, the budget includes the text of the End Polluter Welfare Act — what Ross calls “the gold standard” for ending fossil fuel subsidies. These acts would raise revenue, which would allow programs to offset costs passed to low-income consumers. “We don’t want their real income to be hurt, but we want the price signal,” Josh Bivens, a research and policy director at the Economic Policy Institute, told ThinkProgress. “You have to pay more on your energy bill, but here is a pile of cash to make up for that.”
Think Progress
March 17, 2016
Right now the unemployment rate in the U.S. is 4.9 percent, according to the Bureau of Labor and Statistics. For Native Americans, the unemployment rate is a staggering 22 percent, more than twice that of Hispanics and African-Americans. As a result, one-in-four Native Americans is currently living in poverty – about double the rate of the general population. According to the Economic Policy Institute: American Indians have endured very high levels of unemployment in the wake of the Great Recession. The American Indian unemployment situation is worse than average in the Midwest, Northern Plains, and Southwest regions.
Michigan Public Radio
March 17, 2016
More importantly, there’s the question of the nature of the source of economic growth in the Clinton years. Having pushed for and signed NAFTA, Mr. Clinton watched as more than 650,000 jobs eventually moved overseas due to the trade agreement, according to the Economic Policy Institute.
New York Observer
March 17, 2016
U.S. public schools are more segregated today than they have been for decades. In a 2013 report, the Economic Policy Institute’s Richard Rothstein wrote: Today, African American students are more isolated than they were 40 years ago, while most education policymakers and reformers have abandoned integration as a cause.
The Washington Post
March 16, 2016
Though it has the second-highest black unemployment rate in the country at 12.4 percent, Michigan also has fewer African-Americans as a proportion of its population than most states in the South. “The data clearly tells a story that is consistent with what we’ve seen with Clinton having a higher percentage of black support than Sanders,” said Valerie Wilson, director of the liberal Economic Policy Institute’s program on race, ethnicity and the economy. “Whether that support is necessarily driven by economics or unemployment, it’s not clear,” she said.
The Huffington Post
March 16, 2016
Josh Bivens of the Economic Policy Institute said there’s another reason the Fed will avoid a hike: Last month’s report on wage growth – or the lack of it.“There was this narrative developing that we had finally turned the corner on wage growth and that two, two and a half percent nominal wage growth we’d gotten used to, we were finally going to break out of that zone, and we did not,” Bivens said. “It was a bad stumble last month.” He said the Fed may raise rates again in June.
Marketplace
March 16, 2016
CEO pay has risen sharply over the past few decades. CEOs today can make between 210 and 300 times what their workers earn. In comparison, they made 20 times their workers’ pay in 1965, according to the Economic Policy Institute.
The Atlantic
March 16, 2016
Minorities are less likely to get the most valuable unpaid internships because they often cannot afford to take them, especially if they are away from their home town, according to Ross Eisenbrey, vice-president of the left-leaning Economic Policy Institute. “How can a poor kid afford to pay rent in New York City or Washington DC when she’s not getting paid for her full-time job? Her family isn’t in a position to subsidise her when they’re already borrowing for college,” he said.
The Guardian
March 16, 2016
Manufacturing is an important employer in Ohio. The state ranked seventh nationally as to the manufacturing sector’s share of total state employment, according to an Economic Policy Institute analysis.
Wall Street Journal
March 16, 2016
“The American worker is being crushed” by trade, Trump says. As proof, he cites research from the left-leaningEconomic Policy Institute that found America has lost 900,000 jobs to Mexico since the North American Free Trade Agreement was signed in late 1993.
CNN Money
March 16, 2016