“A similar reading last month led to a large overreaction by many, including the Federal Reserve, who raised policy rates by 0.75 percentage points,” noted Josh Bivens, research director at the Economic Policy Institute. “There is even less reason this time to overreact to a hot inflation reading.”
Salon
July 15, 2022
As for wages, as Josh Bivens of the Economic Policy Institute points out, wage growth has been high but also lagging inflation, which means wages as a whole are reducing the overall inflation rate. “High” in this context means 4.4 percent, which may not sound like much, but is still better than the usual, pitiful lower levels.
In These Times
July 8, 2022
But industries sensitive to interest rate hikes, such as construction and manufacturing, particularly cars, could be vulnerable during a slowdown, according to Josh Bivens, research director at the Economic Policy Institute.
Boston Globe
July 8, 2022
As for solutions, the best way to combat the economy and inflation is to increase wages and the supply of houses. It is imperative that the United States’ federal minimum wage is increased. The last time the federal minimum wage was increased was in 2009, when it rose from $6.55 to $7.25 per hour. According to the Economic Policy Institute, the minimum wage has lost 21% of its value since then.
Knoxville News Sentinel
July 8, 2022
According to the Economic Policy Institute, 30 states and D.C. have a minimum wage higher than the federal minimum wage. Though workers have advocated for the $15 federal minimum wage in the past, with inflation at a 40-year high, that’s now insufficient: The National Low Income Housing Coalition estimated in 2021 that workers would have to earn $20.04 an hour to afford a modest-one bedroom rental.
Next City
July 8, 2022
There is an ongoing disparity between those known as baby boomers and millennials due to a perceived lack of understanding from baby boomers about how aspects of society have changed, including the housing market, the economy and employment norms. According to the Economic Policy Institute, the link between productivity and pay has become dismantled over time, meaning that wage increase has slowed down since the 1970s.
Newsweek
July 8, 2022
During a webinar on Tuesday co-hosted by the Economic Policy Institute and the Washington Center for Equitable Growth, Kwajelyn Jackson, executive director of the Feminist Women’s Health Center in Atlanta, said that abortion rights an intrinsic part of economic rights.
Michigan Advance
July 8, 2022
The majority opinion of the Supreme Court reversing the Roe vs Wade guarantees will seriously impact millions of women. Asha Banerjee, an economic analyst with the Economic Policy Institute, described the economic impact of this decision. Abortion rights are interconnected with the economic security, independence and mobility of women.
WORT-FM
July 8, 2022
According to research from the Economic Policy Institute, 1 in 5 women workers in Nebraska will see their wages increase because of the initiative and 43% of Nebraska workers who will benefit have at least some college or an Associate’s degree. If the initiative passes, 25% of Black workers and 30% of Latino workers in Nebraska will see their wages go up.
KLIN
July 8, 2022
Another study from the left-leaning Economic Policy Institute (EPI) came to a similar conclusion, finding that the increased market power of corporations over consumers has, indeed, resulted in sustained higher prices.
The Hill
July 8, 2022
In 1965, for instance, the average CEO made about 21 times the salary of his company’s average employee, reports a 2021 study by the Economic Policy Institute (EPI). That’s a healthy ratio that may actually reflect the real value of an executive to his or her company. A ratio of 300 to 1, however, is simply an exercise of raw power over logic.
Pittsburgh Post Gazette
July 8, 2022
“Everyone is screaming about inflation,” said Josh Bivens, research director at the left-leaning Economic Policy Institute. But “people would really hate a recession too.”
Politico
July 8, 2022
The inflation we’re fighting right now is not just a simple story of supply and demand. It’s also a story of corporate power. A recent report from the Economic Policy Institute found that no less than 53.9% of the rise in prices can be attributed to increased corporate profit margins. In effect, this means that corporations across a variety of industries have used the hype over inflation to raise prices above and beyond what is necessary to make up for increased production costs. The result is that in a time of significant economic hardship for most Americans, corporations are more profitable than they’ve been in 70 years.
Fortune
July 8, 2022
“The fact is that sending an infant to day care in many places across the country could be significantly more expensive than in-state public tuition to send them to college,” Elise Gould, senior economist at the Economic Policy Institute, told CNBC.
Fortune
July 8, 2022
What’s with these mixed messages and what should we make of all of this? I talked to Elise Gould, a senior economist at the Economic Policy Institute and a co-author of The State of Working America, for her take on all of this.
CNN
July 8, 2022
Only 15 percent of child care workers receive health insurance, compared to about half of all workers in other occupations. About 1 in 10 child care workers are covered by a pension plan, compared with 39 percent of workers in other occupations, according to a report from the left-leaning think tank Economic Policy Institute.
WFYI
July 8, 2022
Moreover, higher minimum pay is unlikely to make inflation worse since low-wage jobs are not concentrated in industries that are fueling rising prices, according to David Cooper, director of the Economic Analysis and Research Network at the Economic Policy Institute.
CNBC
July 8, 2022
“By the time a recession is officially called, we’ll be either well into it or almost exiting,” said Josh Bivens, the director of research at the left-leaning Economic Policy Institute.
VOX
July 8, 2022
When your account balance is bigger because you’ve been saving money over decades of your working life, “even minor fluctuations in the market will swamp…. any effects of any additional contributions,” says Monique Morrissey, an economist at the Economic Policy Institute, a left-leaning think tank. In other words, it’s much more difficult to make up that $240,000 portfolio hit with contributions over a short period of time — especially if the market remains volatile.
Money
July 1, 2022
On the other hand, at least 16 states and Washington, D.C. have enacted laws that keep abortion legal. Asha Banerjee is an analyst at Economic Policy Institute. “When women are not able to complete their education, or get the job they want, this has severe economic consequences. Yes for them, but this loss of economic potential of possibility will have ramifications for the state economy, the national economy as well,” Banerjee said.
Newsy
July 1, 2022
Another hole in the explanations for inflation that blame workers is that typically in the lead-up to inflationary periods we’d see a decrease in unemployment coupled with an increase in the corporate sector’s labor compensation manifesting as real wage growth and shrinking profit margins. As the Economic Policy Institute pointed out in April, the opposite has happened: Corporate profit margins have surged as corporations have leveraged excess power into price hikes.
VICE
July 1, 2022
The high court’s decision highlighted a frail social safety net in states on the verge of outlawing or restricting abortion, chiefly led by Republicans. States like Mississippi tend to lack paid leave and refused to expand Medicaid, leaving many low-income residents without access to health insurance and postpartum coverage, according to the left-leaning Economic Policy Institute. A few states are reversing course.
Business Insider
July 1, 2022
Those states also tend to pay their workers less than states with legally-enshrined abortion access, have fewer union protections, and have higher rates of incarceration, according to an analysis from the left-leaning Economic Policy Institute in May.
Business Insider
July 1, 2022
Asha Banerjee, an economic analyst at the left-leaning Economic Policy Institute, argued that the financial consequences for some women could be particularly large because states that are likely to ban abortion also tend to have fewer social services.
Politico
July 1, 2022
When families suffer, children suffer, and the pandemic inflicted tremendous hardship on our working families. It also aggravated existing challenges, such as finding affordable, accessible child care. The average family in California would need to spend over 40% of their income (or over $28,000 per year) to pay for care for two children, according to the Economic Policy Institute.
EdSource
July 1, 2022
Recovery of lost wages via federal enforcement outstripped state agency efforts, accounting for nearly $1.2 billion in recoveries versus $558 million recovered by state labor departments and attorneys general between 2017 and 2020, according to an Economic Policy Institute report. Class-action litigation topped them both, recovering about $1.5 billion in the same time frame, the EPI said, citing data from a Seyfarth Shaw litigation analysis.
Bloomberg Law
July 1, 2022
Denying people seeking abortions access to that care not only leads to negative economic outcomes on an individual level, but also financially impacts their households and families — making it a macroeconomic as well as a healthcare issue, said Asha Banerjee, economic analyst for the Economic Policy Institute.
HR Dive
July 1, 2022
The issues affecting older workers were the subject of a February hearing of the U.S. Congress Joint Economic Committee, “Building a Better Labor Market: Empowering Older Workers for a Stronger Economy.” The first two speakers, Teresa Ghilarducci, a professor from The New School for Social Research, and Monique Morrissey, an economist from the Economic Policy Institute, outlined the problems affecting older workers. Both supported the creation of an Older Workers Bureau.
Government Executive
July 1, 2022