But for most of the economics profession, widening inequality of earnings has been primarily a reflection of widening differentials in worker skills in the face of changes in technology that require more advanced workers. Therefore, the logical cure is better education and training. Lawrence Mishel and colleagues at the Economic Policy Institute have been challenging this account for years. But only lately has the mainstream conceded that the EPI view is substantially right.
American Prospect
January 15, 2016
Same goes for inequality: Connecticut is the most unequal state as measured by the Economic Policy Institute’s top-to-bottom ratio, which divides the average income of the top 1 percent of taxpayers by the average income of the other 99 percent, but New York is almost tied with it, and Massachusetts comes in fourth place.
Bloomberg
January 15, 2016
Compensation of chief executive officers at top U.S. firms grew by nearly 1,000 percent since 1978, while a typical worker’s pay increased by just 11 percent during the same period, according to the Economic Policy Institute, a pro-worker research and advocacy group based in Washington.
Bloomberg
January 15, 2016
Donald Trump claimed the U.S. has “lost anywhere between 4 and 7 million jobs because of China.” Not exactly, according to the left-leaning Economic Policy Institute. A 2014 EPI report calculated that growth in the U.S. goods trade deficit with China eliminated or displaced 3.2 million U.S. jobs between 2001, when China entered the World Trade Organization, and 2013.
Politico
January 15, 2016
But numerous studies show undocumented immigrants aren’t stealing jobs – they are helping to expand the economy. “In the ongoing debate on immigration, there is broad agreement among academic economists that it has a small but positive impact on the wages of native-born workers overall: although new immigrant workers add to the labor supply, they also consume goods and services, which creates more jobs,” Heidi Shierholz, chief economist to the U.S. Department of Labor and formerly of the liberal Economic Policy Institute, wrote in a study funded in part by U.S. labor unions.
International Business Times
January 15, 2016
“Workers in the top 1 percent,” Bank found, “tend to be 40 to 60 years old, be men, have tertiary education, work in finance or manufacturing and be senior managers.” At worst, that’s a group ripe for rent-seeking. At best, it doesn’t sound much like the innovators Graham is so worried about discouraging. The liberal Economic Policy Institute has done similar work on America’s top 1 percent, and found that at least a quarter of its increased income share since 1979 can be attributed to finance.
The Washington Post
January 14, 2016
Lawrence Mishel and Veronique de Rugy talked about the economic policies and goals put forth by President Obama in his State of the Union address.
C-SPAN
January 14, 2016
Unemployed workers over the age of 50 “really have a hard time finding work,” said Ross Eisenbrey, vice president of the left-leaning Economic Policy Institute. Proponents of wage insurance programs see them as a way to ease people back into the labor force while softening the blow that comes from accepting a job with lower wages.
Al Jazeera America
January 14, 2016
The gains of economic recovery have certainly been beneficial to those of great wealth – including the culprits behind the crash – but have meant little to the average American. Of course, that has everything to do with the structure of the US economy since Ronald Reagan swept to power. Consider this: according to the Economic Policy Institute – a thinktank close to the embattled US labour movement – between 1979 and 2007, the top 1% seized 53.9% of the entire increase in US income.
The Guardian
January 14, 2016
If you look over the last 10 years, even after recent losses, the S&P 500 is up more than 50%. During that same time, an employee who managed to remain employed through the recession and earned nine 2.5% raises is earning just 25% more now. An analysis by the Economic Policy Institute shows that “workers’ share of corporate income hasn’t recovered” since the recession.
Fortune
January 14, 2016