While women of that demographic were earning about 88 cents for every dollar men of the same age made in 2004, those women were making just 81 cents for every dollar men earned in 2014. “You would think as women get more experienced in the labor force, as they get more skilled, they’d have a similar increase to men, but they simply don’t,” said Elise Gould, senior economist with the Economic Policy Institute.
CNBC
December 21, 2015
The Economic Policy Institute, which showed that women are today paid 20% less than men – a tiny gain, which was accounted for not by an increase in women’s remuneration but by stagnant wages for men.
Forbes
December 21, 2015
The national unemployment rate drastically understates the weakness of job opportunities. According to the Economic Policy Institute, if this large pool of “missing workers” were registered as looking for work, the unemployment rate would be 7 percent and not the official rate of 5 percent.
U.S. News & World Report
December 21, 2015
Here, from the Economic Policy Institute, is something very easy to understand. Black Americans suffer from significantly higher levels of unemployment even when they have the same level of education as white people.
Gawker
December 21, 2015
An estimated 66,000 H-2B visas are distributed on an annual basis. But employers often us the H-2 visa programs to take advantage of legal guest workers. An Economic Policy Institute study found that temporary legal guest workers are as likely to be subjected to low wages as undocumented workers.
Think Progress
December 21, 2015
Josh Bivens, a Fed watcher at the progressive Economic Policy Institute, and a critic of Wednesday’s rate increase, is even more pessimistic. He estimates that if the Fed raises the federal funds rate at the pace that Fed officials believe will be necessary, it will slow economic growth in a meaningful way by the time of the November election. “An increase of 0 to 1.4 percent would have a noticeable effect on the economy,” Bivens said.
The Huffington Post
December 18, 2015
Should only wealthy people be able to have kids in America? According to a new report, childcare center fees for two children is higher than median rent payments in every single state in the United States. Another recent report shows that childcare costs more than in-state college tuition in most states.
The New Republic
December 18, 2015
There is an old adage that is typically passed down by elder black relatives to young children: You have to be twice as good as white people. But according to this graph from the Economic Policy Institute, the adage should be updated: You have to be twice as good as white people to get the same education, but you’ll still be twice as unemployed. The graph shows the racial unemployment gap grows exponentially smaller with more education, but the unemployment rate for black Americans who have graduated with at least one degree is still nearly double that of similarly educated white folks.
The New Republic
December 18, 2015
Indeed, some counterargue that Fed policies have stimulated the economy, resulting in job creation, falling unemployment, and recovering middle-class housing values. “To the extent that the Fed pushed the economy closer to full employment, it reduced inequality,” Josh Bivens, research director at the left-leaning Economic Policy Institute, argued in a June analysis.
Christian Science Monitor
December 17, 2015
Josh Bivens, who studies Federal Reserve policy for the progressive Economic Policy Institute, called an interest rate hike a “mistake” in remarks at a Dec. 1 congressional briefing for that very reason. Bivens and other, mostly liberal, economists who believe it is too soon for an interest rate hike argue that lackluster inflation is actually a sign that the Fed’s other area of concern, the job market, is not growing fast enough. “I am against the hike, because to me you hike interest rates when you are trying to cool down an economy that is overheating and threatening to generate wage and price inflation,” Bivens said in an interview this week. “There is just no evidence of that in the data. In fact, both wages and prices are growing much more slowly than they should be if the economy is healthy.”
The Huffington Post
December 17, 2015