That historic shift has been blamed by critics for an estimated deficit in retirement savings of more than $4 trillion for U.S. households where the breadwinner is between ages 25 and 64, according to Employee Benefits Research Institute.
“You have this hole in what private sector workers have for retirement. We’re coming up on this place where all these people are not going to be able to retire,” said Monique Morrissey, a researcher at the liberal Economic Policy Institute.
CNBC
March 25, 2015
Larry Mishel at the Economic Policy Institute finds that the skill-based technological change explanation for wage stagnation and high unemployment doesn’t track with trends like the declining wage premium for college, and so can’t be a driving force behind income inequality.
The Washington Post
March 24, 2015
Over the years, the au pair program has been sharply criticized by think tanks and academics — even by some previous defenders, such as Edina Stone, who used to work for a sponsor agency and now runs a site for parents called Au Pair Clearinghouse.
The Washington Post
March 24, 2015
The annual federal budget debate typically doesn’t excite many folks outside the Washington beltway. And with good reason – the Republican budget process is intended to lull the public to sleep by staying short on details and long on damaging provisions that will hurt low-income and middle-class families. But folks should pay attention to the debate because budgets have consequences – and if done right, they can truly move our country forward. The “People’s Budget,” which we both helped prepare, is a bold and responsible alternative to the Republican plans that take from working families while giving more to corporations and the wealthy.
The GOP budgets proposed in Congress would cut about $5 trillion over the next decade. The overwhelming burden would fall on programs that boost working families: education, Medicare and Medicaid, college aid, job training, medical research and rebuilding roads and bridges. Tens of millions of Americans would lose health insurance and millions more would lose food stamps or be priced out of college.
The Hill
March 24, 2015
Thomas Hungerford and Romina Boccia talked about fiscal year 2016 budget proposals from the White House and Republicans in the House and Senate.
C-SPAN
March 23, 2015
Clinton’s husband, former President Bill Clinton, used the procedure to win approval of the North American Free Trade Agreement, which the left-leaning Economic Policy Institute blames for hundreds of thousands of lost jobs.
Politico
March 23, 2015
And just yesterday the Economic Policy Institute released a report titled “How To Raise Wages” that offers a path to curing wage stagnation through smart economic policy. A number of the policy ideas from CAP and EPI overlap and aren’t what you’d call “revolutionary,” though that’s not to take away from their worth. They endorse raising the minimum wage, infrastructure investment, stronger collective bargaining rights, paid sick leave, etc. EPI’s argument is straightforward and compelling: bad policy decisions helped create the extended period of wage stagnation we’re slogging through, so good policy decisions can help get us out of it.
Salon
March 23, 2015
One house just sold for north of $80 million, right around the time the Economic Policy Institute published a study concluding that “more than half” the residents of metro Los Angeles “are struggling to achieve economic security.”
Los Angeles Times
March 23, 2015
Some liberal groups such as the think tank Economic Policy Institute have advocated a salary threshold for overtime pay as high as $50,000. The administration is thought to be looking in the ballpark of similar rules in California and New York which are more than a third higher than the current federal threshold.
McClatchy
March 23, 2015
Today, the Economic Policy Institute — a liberal think tank that gets support from labor unions — released an 11-point “Agenda to Raise America’s Pay,” and it’s worth paying attention to because something like it will probably become Hillary Clinton’s economic plan.
The Washington Post
March 20, 2015