Media clips
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Unlike earlier recessions, however, there has not been a sharp drop in the share of part-time workers during the recovery. The Fed report says that “reflects a slow recovery of the jobs lost during the recession rather than permanent changes in the proportion of part-time jobs.”
Heidi Shierholz, a labor economist at the left-leaning Economic Policy Institute, said what’s happening with part-time workers is emblematic of the slow recovery.
Once businesses start seeing new demand for their goods and services they will start hiring workers again and converting some of their part-timers to full-time employees. That change will come as a result of economic fundamentals that will hold sway despite the insurance mandate.
“I don’t think part-time work is taking over,” she said. “When we do generate a robust job recovery, all of the data point to that we will return to the pre-recession share of part-time work as a share of overall employment.”
Roll Call October 11, 2013 -
Washington Post reporter Dylan Matthews featured EPI’s new missing workers economic indicator on Wonkblog’s new “Know More” resource, writing, “You probably think the unemployment situation is bad. This chart shows it’s much, much worse.”
The Washington Post October 11, 2013 -
Soon after the Crain and Crain report was released in 2010, CPR published a white paper that demonstrated the unreliability and implausibility of the Crain and Crain report’s methodologies and findings. A few months later, the nonpartisan Congressional Research Service (CRS) released its own analysis of the Crain and Crain report, and its findings were equally damning. Then the Economic Policy Institute (EPI) separately analyzed the Crain and Crain report, and concluded the Crain and Crain report was based on a “flawed economic model and faulty data.”
The Huffington Post October 4, 2013 -
Payscale’s findings are just the latest in a slew of research that indicates the sluggish economic recovery has not been beneficial for most of us. Income inequality in the U.S. is at a new high as skyrocketing income gains for the top one percent are met by stagnating wages for practically everyone else. In 2012, an average CEO of one of the nation’s largest companies was paid 273 times more than his or her workers, according to a study by the Economic Policy Institute, a left-leaning think tank.
The Huffington Post October 3, 2013 -
More broadly, the lockdown is a distraction for the government, and will harm its efficiency even once the present crisis is sorted out, wrote Josh Bivens, research and policy director with the liberal Economic Policy Institute.
CBS Moneywatch October 3, 2013 -
“More than 177,000 Blacks [lost] jobs in the public sector” from 2007 to 2012, according to a May 2012 report by the Economic Policy Institute. The report found the continuing high rate of black unemployment is partly a result of a “sizable and continuing drop in the number of African-Americans employed by state and local governments,” reported TheGrio.com. The August 2013 unemployment rate among Blacks is estimated at 13 percent. The national unemployment rate is almost half that—at about 7 percent.
Ebony October 1, 2013 -
The Economic Policy Institute (EPI) has released a new study, “Trading Away the Manufacturing Advantage,” that puts the blame for the loss of U.S. manufacturing jobs squarely on an increase in the U.S. trade deficit. And the main culprit is China:
Most traded goods are manufactured products. In 2011, about 97.8 percent of U.S. imports from and 66.7 percent of U.S. exports to China were manufactured goods. Trade deficits displace or eliminate jobs, especially in manufacturing.
Yahoo Finance October 1, 2013 -
The growing trade deficit between the world’s two largest economies cost the U.S. $37 billion in lost wages in 2011, a study by the Economic Policy Institute (EPI) has found, and is likely to cost the economy more as the deficit widens further.
According to the study, 2.7 million jobs have been lost in the U.S. between 2001, when China entered the World Trade Organization, and 2011, the bulk of which were in the manufacturing sector. The report took 2011 as a snapshot of the cost of these losses and found that when these displaced employees were re-employed in non-trade-related industries, they lost an average of $13,504 per worker in 2011, creating a total of $37 billion in wage losses over the year.
CNBC October 1, 2013 -
Trade with China is driving down U.S. wages and resulting in big job losses for Americans, according to a study released today by a Democratic-leaning Washington think tank.
The study by the Economic Policy Institute found that the growing trade deficit with China has cost the U.S. billions of dollars in lost wages: $37 billion in 2011 alone.
Between 2001 and 2001, the trade deficit eliminated 2.7 million U.S. jobs, with nearly 77 percent of them in the manufacturing sector, the study said.
McClatchy October 1, 2013 -
It is going to be increasingly important to watch the entire board as Washington lurches from crisis to crisis over the next month or so. While we’re all worrying about what will happen in the general brawl over the Affordable Care Act, and transfixed by the beautiful flames that rise when Republicans light their own hair on fire, and the national economy with it. there very likely will be some real mischief going on off-stage. (Keep an eye on anything involving our old pal, the Keystone XL pipeline.) It would not surprise me in the least if the deficit-hawks seized the moment to declare themselves not only “the only grown-ups in the room,” but also the “champions of bipartisanship,” and, eventually, “the people who can get things done.”
For example, this morning, Fred Hiatt’s special-class at The Washington Post chose this particular moment to warn us again that, unless more people who are not Fred Hiatt are forced to feel a little pain, The Deficit will eat us all in our beds. This is, by my count, the third time that the class has set this warning aloft since June. Over the past three years, through rain and sleet and derisive laughter, the Post has continued to feed Vaal. This time, in addition to continuing the meretricious technique of including Social Security in the doomsaying, the Post is worried about what’s going to happen in 2038. (They have a CBO report to use for an economic panic room.) In this, the Post has more than a few allies on the Democratic side, especially in the consultant community and, perhaps, even in the White House. This whole mess is going to become, as the corrupt lawyer Lama Parmentel said of New Orleans in The Big Easy, a marvelous environment for coincidence.
Esquire September 27, 2013