Media clips
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“Every time you hear someone say ‘I can’t find the workers I need,’ add the phrase ‘at the wage I want to pay’,” said Heidi Shierholz, an economist for the Economic Policy Institute, a Washington, D.C., economic research organization.
When Ms. Shierholz compared the report from the Bureau of Labor Statistics on the number of job openings by industry with data from the U.S. Census on the number of people who are unemployed by industry, she found there are more unemployed people than jobs in every industry.
Pittsburgh Post Gazette April 18, 2014 -
The Journal, being the literal journal of Wall Street, takes great pains to articulate the anguish of the wealthy while downplaying that contributing factor. “Higher earners’ share of the overall federal tax burden has been climbing fairly steadily,” theJournal‘s John McKinnon writes, “even before lawmakers negotiated the fiscal-cliff deal at the end of 2012.” He tells the story of a business owner that saw her taxes “rise from around $600,000 in 2012 to more than $700,000.” That’s a steep increase. And, McKinnon continues, it was “driven mainly by changes in investment-tax rates on the $2 million in dividends she received from her firm.” Oh. Well. Sorry? “She was really shocked by the increase,” her attorney said. “That one hit home.” Which home? Not the Aspen one, I hope.
It’s in the fifth paragraph that McKinnon mentions the role of increased incomes. “The share of overall income for the top 1%, now at around 17%, according to the Tax Policy Center,” he writes, “has roughly doubled since the early 1980s,” according to the Congressional Budget Office. Contrast the Journal‘s graph of how taxes on the top 1 percent have increased (at left, below) with the change in income by group as plotted by the Economic Policy Institute (at right, purloined from The Atlantic‘s Derek Thompson).
The Wire April 15, 2014 -
“This year the U.S. economy is sending clear signs that not only are STEM jobs growing but the highly skilled shortages masked by the economic crisis are still there as well,” Compete America said in a statement after the 2015 cap was reached. “The U.S. needs to move on to the business of fixing its highly skilled immigration system before it loses more of the top foreign professional and job creators that make America’s fastest growing industries competitive.”
Facebook and Google might not be getting the lion’s share of the available H-1B visas, but that’s because under the current system those visas are going to large, and in some cases off-shore, consulting and IT firms, said Daniel Costa, director of immigration law and policy research at the Economic Policy Institute.
NBC News April 14, 2014 -
Heidi Shierholz, a labor market economist at the Economic Policy Institute in Washington, says the labor market needs to generate about 300,000 additional jobs each month to make a difference in the jobless rate. The economic landscape varies in communities around the country. To see the jobless situation by state, go to AARP’s interactive “pain index.”
AARP April 14, 2014 -
Uses our charts in slides.
The New York Times April 14, 2014 -
“You would probably get a small price decline … but it wouldn’t be profound,” says Heidi Shierholz, an economist at the left-leaning Economic Policy Institute. She points to studies that show minor increases in inflation when there are wage hikes. “The evidence of price increases [due to incremental minimum wage hikes] is that it’s really minimal, so I don’t think it would be a big factor.”
VOX April 14, 2014 -
The 77-cent figure “only answers one very specific question—annual earnings for women versus men,” said Heidi Shierholz, an economist at the left-leaning Economic Policy Institute in Washington. What most people want to know is how much women and men earn when they are working side by side for the same work, she said. “That’s not answered by the 77 cents.”
Wall Street Journal April 14, 2014 -
Concentrated poverty and racial segregation in American cities are tremendously knotty problems, problems inherited across generations that are hard to solve for unspoken reasons of politics and history and race.
But here is one fairly simple truth that we need to acknowledge — but seldom do — to create any kind of sustainable policy solutions, whether they take the form of housing vouchers or pre-K education or “promise neighborhoods”: “When it comes to housing and race,” says Sherrilyn Ifill, the president and director-counsel of the NAACP Legal Defense and Educational Fund, “there really is no such thing as chance or accident.”
She was speaking this week at a discussion on concentrated neighborhood poverty hosted by the Economic Policy Institute. And what she means by this is that suburbs didn’t become predominantly white and upper income thanks solely to market forces and consumer preferences. Inner city neighborhoods didn’t become home to poor minority communities purely through the random choices of minorities to live there. Economic and racial segregation didn’t just arise out of the decisions of millions of families to settle, by chance, here instead of there.
The Washington Post April 14, 2014 -
Strong countries need a thriving middle class, but in America today, the people who have to work for a living are getting squeezed. Republicans in Congress are poised to vote this week on a plan to make it even worse, selling out the middle class to enrich the already rich.
With their latest budget, Republicans are stacking the deck for special interests — and whether you’re a student, parent, commuter or senior citizen, Republicans will force you to pick up the costs so that special interests get their tax breaks.
In Washington, too many people speak in vague hyperbole. So let’s look at the numbers in the GOP budget and see exactly how its priorities would affect real Americans. Many economists predict that this budget will lead to a loss of more than 3 million jobs, according to the Economic Policy Institute.
CNN April 10, 2014 -
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Marketplace April 10, 2014