The Economic Policy Institute estimated that the new initiatives in the AJA would increase GDP by 1.9 percent, while policy extensions it included would increase GDP by another 1.4 percent.
Think Progress
July 30, 2012
“Policymakers must act to provide more support to the economy if they want it to grow fast enough to start putting sustained downward pressure on today’s still too-high unemployment rate,” economist Josh Bivens wrote in his analysis for the Economic Policy Institute, a left-leaning think tank. The unemployment rate is 8.2 percent.
NPR
July 30, 2012
“This is the sign of an economy stuck in neutral, as well as a sign that policymakers must act to provide more support to the economy if they want it to grow fast enough to start putting sustained downward pressure on today’s still too-high unemployment rate,” said Josh Bivens, research and policy director at the Economic Policy Institute.
The Hill
July 30, 2012
Since low-wage workers tend to plow any extra wages right back into their local communities—whether that means getting their cars or homes fixed, going out for a meal with their families, or buying clothes for their growing kids—raising the minimum wage to $9.80 per hour over three years would boost economic activity by over $25 billion over those years. This would create about 100,000 jobs, according to the Economic Policy Institute.
US News and World Report
July 24, 2012
The predictions for 2011 are based on separate AP interviews, supplemented with research on suburban poverty from Alan Berube of the Brookings Institution and an analysis of federal spending by the Congressional Research Service and Elise Gould of the Economic Policy Institute.
Associated Press
July 24, 2012
In fact, the EPA toxics regulations could lead “to the creation of 84,500 jobs between now and 2015,” says the think tank Economic Policy Institute.
The Huffington Post
July 24, 2012
As EPI budget analyst Ethan Pollack pointed out to me the other day (and as CBPP has stressed in tax reform trap discussions) the only time for democrats to safely engage in tax reform discussions is when ample revenue flows are already locked into place, as they would be under Gale’s plan. Otherwise, lower-the-rates-broaden-the-base risks being reduced to just lower-the-rates.
The Huffington Post
July 24, 2012
Democrats in Congress also are weighing in. Rep. George Miller, D-Calif., soon will introduce legislation to raise the federal minimum wage by 85 cents an hour for three straight years – taking it from $7.25 to $9.80 per hour – and then index it annually for inflation thereafter. Sen. Tom Harkin, D-Iowa, and Rep. Jesse Jackson Jr., D-Ill., already have introduced similar bills. The proposals would provide raises for about 28 million people, according to estimates by the nonprofit Economic Policy Institute.
McClatchy
July 24, 2012
We then checked with the Oregon Center for Public Policy, another local think tank, but on the other side of the issue. Executive director Chuck Sheketoff suggested we try the Economic Policy Institute in Washington, which, unlike the Employment Policies Institute, supports raising the minimum wage.
Economic analyst David Cooper shared his unemployment rates for the same age group, also using Current Population Survey figures. And you know what we found? The unemployment figures were different — lower, generally, all around — but the rates of increase were about the same.
Politifact
July 20, 2012
I see from some of the comments that there’s a widespread belief that the wage stagnation we’ve experienced under “modern capitalism” is some kind of illusion, that it would go away if we took benefits into account.
Nope:
The New York Times
July 19, 2012