Another study from the left-leaning Economic Policy Institute (EPI) came to a similar conclusion, finding that the increased market power of corporations over consumers has, indeed, resulted in sustained higher prices.
The Hill
July 8, 2022
In 1965, for instance, the average CEO made about 21 times the salary of his company’s average employee, reports a 2021 study by the Economic Policy Institute (EPI). That’s a healthy ratio that may actually reflect the real value of an executive to his or her company. A ratio of 300 to 1, however, is simply an exercise of raw power over logic.
Pittsburgh Post Gazette
July 8, 2022
“Everyone is screaming about inflation,” said Josh Bivens, research director at the left-leaning Economic Policy Institute. But “people would really hate a recession too.”
Politico
July 8, 2022
The inflation we’re fighting right now is not just a simple story of supply and demand. It’s also a story of corporate power. A recent report from the Economic Policy Institute found that no less than 53.9% of the rise in prices can be attributed to increased corporate profit margins. In effect, this means that corporations across a variety of industries have used the hype over inflation to raise prices above and beyond what is necessary to make up for increased production costs. The result is that in a time of significant economic hardship for most Americans, corporations are more profitable than they’ve been in 70 years.
Fortune
July 8, 2022
“The fact is that sending an infant to day care in many places across the country could be significantly more expensive than in-state public tuition to send them to college,” Elise Gould, senior economist at the Economic Policy Institute, told CNBC.
Fortune
July 8, 2022
What’s with these mixed messages and what should we make of all of this? I talked to Elise Gould, a senior economist at the Economic Policy Institute and a co-author of The State of Working America, for her take on all of this.
CNN
July 8, 2022
Only 15 percent of child care workers receive health insurance, compared to about half of all workers in other occupations. About 1 in 10 child care workers are covered by a pension plan, compared with 39 percent of workers in other occupations, according to a report from the left-leaning think tank Economic Policy Institute.
WFYI
July 8, 2022
Moreover, higher minimum pay is unlikely to make inflation worse since low-wage jobs are not concentrated in industries that are fueling rising prices, according to David Cooper, director of the Economic Analysis and Research Network at the Economic Policy Institute.
CNBC
July 8, 2022
“By the time a recession is officially called, we’ll be either well into it or almost exiting,” said Josh Bivens, the director of research at the left-leaning Economic Policy Institute.
VOX
July 8, 2022
When your account balance is bigger because you’ve been saving money over decades of your working life, “even minor fluctuations in the market will swamp…. any effects of any additional contributions,” says Monique Morrissey, an economist at the Economic Policy Institute, a left-leaning think tank. In other words, it’s much more difficult to make up that $240,000 portfolio hit with contributions over a short period of time — especially if the market remains volatile.
Money
July 1, 2022
On the other hand, at least 16 states and Washington, D.C. have enacted laws that keep abortion legal. Asha Banerjee is an analyst at Economic Policy Institute. “When women are not able to complete their education, or get the job they want, this has severe economic consequences. Yes for them, but this loss of economic potential of possibility will have ramifications for the state economy, the national economy as well,” Banerjee said.
Newsy
July 1, 2022
Another hole in the explanations for inflation that blame workers is that typically in the lead-up to inflationary periods we’d see a decrease in unemployment coupled with an increase in the corporate sector’s labor compensation manifesting as real wage growth and shrinking profit margins. As the Economic Policy Institute pointed out in April, the opposite has happened: Corporate profit margins have surged as corporations have leveraged excess power into price hikes.
VICE
July 1, 2022
The high court’s decision highlighted a frail social safety net in states on the verge of outlawing or restricting abortion, chiefly led by Republicans. States like Mississippi tend to lack paid leave and refused to expand Medicaid, leaving many low-income residents without access to health insurance and postpartum coverage, according to the left-leaning Economic Policy Institute. A few states are reversing course.
Business Insider
July 1, 2022
Those states also tend to pay their workers less than states with legally-enshrined abortion access, have fewer union protections, and have higher rates of incarceration, according to an analysis from the left-leaning Economic Policy Institute in May.
Business Insider
July 1, 2022
Asha Banerjee, an economic analyst at the left-leaning Economic Policy Institute, argued that the financial consequences for some women could be particularly large because states that are likely to ban abortion also tend to have fewer social services.
Politico
July 1, 2022
When families suffer, children suffer, and the pandemic inflicted tremendous hardship on our working families. It also aggravated existing challenges, such as finding affordable, accessible child care. The average family in California would need to spend over 40% of their income (or over $28,000 per year) to pay for care for two children, according to the Economic Policy Institute.
EdSource
July 1, 2022
Recovery of lost wages via federal enforcement outstripped state agency efforts, accounting for nearly $1.2 billion in recoveries versus $558 million recovered by state labor departments and attorneys general between 2017 and 2020, according to an Economic Policy Institute report. Class-action litigation topped them both, recovering about $1.5 billion in the same time frame, the EPI said, citing data from a Seyfarth Shaw litigation analysis.
Bloomberg Law
July 1, 2022
Denying people seeking abortions access to that care not only leads to negative economic outcomes on an individual level, but also financially impacts their households and families — making it a macroeconomic as well as a healthcare issue, said Asha Banerjee, economic analyst for the Economic Policy Institute.
HR Dive
July 1, 2022
The issues affecting older workers were the subject of a February hearing of the U.S. Congress Joint Economic Committee, “Building a Better Labor Market: Empowering Older Workers for a Stronger Economy.” The first two speakers, Teresa Ghilarducci, a professor from The New School for Social Research, and Monique Morrissey, an economist from the Economic Policy Institute, outlined the problems affecting older workers. Both supported the creation of an Older Workers Bureau.
Government Executive
July 1, 2022
No longer can government policy, including the billions spent on economic development, be detached from a central focus on bridging inequities and addressing structural barriers to success. An estimate from the Economic Policy Institute found that rising inequality has slowed U.S. economic growth in aggregate demand by two to four percentage points in recent years as the share of income has shifted from lower income, lower-saving households to higher income, higher-saving households. Addressing structural inequality is not only a moral imperative – it is an economic imperative.
Gotham Gazette
July 1, 2022
Josh Bivens, the director of research at the left-leaning Economic Policy Institute, published a study in April that found corporate profits accounted for more than half of the price growth between 2020 and 2021 in the non-finance corporate sector, which makes up about 75% of the private sector.
ABC News
July 1, 2022
The ruling will cause economic pain in 26 states where abortion bans are most likely to go into effect and where people already face lower wages and limited access to healthcare, the Economic Policy Institute warned following the decision.
Al Jazeera English
July 1, 2022
The left-leaning Economic Policy Institute has said that if the country were to boost the federal minimum wage to $15 an hour, workers would receive over $108 billion in additional pay and earnings would rise for 1 in 3 Black workers.
MarketWatch
July 1, 2022
When economists and policymakers look to study previous recessions, they will be using dates that “don’t necessarily represent the full breadth of experiences in this country,” said Valerie Wilson, who is director of the Economic Policy Institute’s Program on Race, Ethnicity, and the Economy as well as president of the National Economic Association. “More diversity on the committee will bring in perspectives and other ideas about how we understand the health of the economy.”
CNN Business
July 1, 2022
NPR’s Ailsa Chang talks to Josh Bivens from the Economic Policy Institute about what’s really behind high prices and supply issues contributing to inflation.
NPR All Things Considered
July 1, 2022
This, too, must be reformed. To understand more, we shall turn to New York State. In an interview with Policy Reform Now, David Cooper, director of the Economic Analysis and Research Network at the Economic Policy Institute, described the pioneering example of the Empire State’s minimum wage law.
Policy Reform Now
July 1, 2022
“Esta decisión causará un dolor económico inmediato en 26 estados donde es más probable que se prohíba el aborto y donde las personas ya enfrentan salarios más bajos, menos poder de los trabajadores y acceso limitado a la atención médica”, dijo Heidi Shierholz, presidenta del Instituto de Política Económica, en un comunicado.
La Opinion
July 1, 2022
Others say abortion access is an “economic right” for women. “Access to abortion and abortion services can have powerful impacts on abortion patients’ economic outcomes, including what kinds of jobs they can and cannot take, educational attainment, chances of being in poverty and financial distress, and so much more,” said Economic Policy Institute, a progressive think tank.
MarketWatch
July 1, 2022