The CBPP and other policy groups are warning that — unless the Fed stops raising interest rates—the already shaky economy is likely to plunge into recession, putting millions of people out of work. Further rate hikes “pose a dire threat to what could be an excellent 2023 for the economic prospects of America’s working families,” Josh Bivens, of the left-leaning Economic Policy Institute, said in a blog post.
CBS News
March 3, 2023
Nearly 92% of domestic workers in the United States are women, and more than half are Black, Hispanic, or Asian American, the Economic Policy Institute estimated in 2020.
Christian Science Monitor
March 3, 2023
The bad news is that the share of the workers represented by a union fell from 11.6% to 11.3%, according to Bureau of Labor Statistics data mined earlier this year by the Economic Policy Institute.
The Buffalo News
March 3, 2023
Republican politicians are focused on protecting their wealthy donors, who are paying less into Social Security than ever. The Economic Policy Institute (EPI) recently found that as inequality increases, a record share of all earnings are above the $160,200 cap on Social Security contributions.
Inequality.org
March 3, 2023
The national average for retirement savings varies depending on age, but according to the Economic Policy Institute, the median retirement savings for all working age households in the US is around $95,776. This figure includes both employer-sponsored retirement accounts and individual retirement accounts (IRAs). It is important to note that this number does not include social security benefits, which are not considered retirement savings.
Forbes
March 3, 2023
Access to abortion, as well as the cultural milieu associated with that position, is certainly one of many factors people consider when determining where to live, work or start a business. It is also noteworthy that states with abortion bans tend have a cluster of other negative attributes. For example, such states generally have not expanded Medicaid; have higher murder and poverty rates and lower minimum wages; dominate the lists of worst schools in the country; and claim a disproportionate number of counties with the lowest life expectancy. As a report by Asha Banerjee of the Economic Policy Institute confirms, “the states enacting abortion bans are the same ones that are economically disempowering workers through other channels.”
The Washington Post
March 3, 2023
The COVID pandemic weakened the global economy. … But most shamefully, while the Economic Policy Institute reports America’s annualized…(paywall).
The Virginian-Pilot
March 3, 2023
Access to abortion, as well as the cultural milieu associated with that position, is certainly one of many factors people consider when determining where to live, work or start a business. It is also noteworthy that states with abortion bans tend have a cluster of other negative attributes. For example, such states generally have not expanded Medicaid; have higher murder and poverty rates and lower minimum wages; dominate the lists of worst schools in the country; and claim a disproportionate number of counties with the lowest life expectancy. As a report by Asha Banerjee of the Economic Policy Institute confirms, “the states enacting abortion bans are the same ones that are economically disempowering workers through other channels.”
The Washington Post
March 3, 2023
The COVID pandemic weakened the global economy. … But most shamefully, while the Economic Policy Institute reports America’s annualized…(paywall).
The Virginian-Pilot
March 3, 2023
Moreover, according to the Economic Policy Institute, it took more than a decade for Black and Asian households to recover their prerecession median incomes.
Fast Company
February 24, 2023
EPI’s Sherer said that the Iowa bill, “shocking and extreme” as it is, fits a larger trend emerging in multiple states — eight by current count, including New Hampshire, Wisconsin, and Minnesota — “to roll back child labor protections,” she said. “It’s the latest variation on the push that industry lobbyists have been making since the [beginning of the] Fair Labor Standards Act.”
Ambrook Research
February 24, 2023
According to a 2022 analysis from the Economic Policy Institute, the unemployment rate among Hispanic workers in Pennsylvania is 8.6% — which is the highest in the country.
WHYY
February 24, 2023
The Economic Policy Institute, a think tank in Washington, said in a statement that the UC strike, which took place across its 10-campus system, “has been described as the largest higher education strike in U.S. history.”
The Hill
February 24, 2023
If Tesla did retaliate, it wouldn’t be the first. A new study from Economic Policy Institute found that employers in nearly 40 percent of union elections face charges of violating federal law. But remember that it is “charged” and not “found guilty of.” Undoubtedly, the union doesn’t file for every violation and doesn’t get every violation correct. How many violations actually occur isn’t clear, but it is clear that companies often act poorly when it comes to union drives.
Inc.
February 24, 2023
An Economic Policy Institute study on “right-to-work” in 2021 in Montana found that the median hourly wage of union workers in Montana is $22.85, compared with $16.95 for nonunion workers, and nationally union workers make 11% more.
Daily Montanan
February 24, 2023
And this all reminded me about a conversation I had last year with Heidi Shierholz. She’s the president of the Economic Policy Institute. And last year, we talked about this idea of retaliation against workers organizing unions. And to be clear, we’re talking about this in general, not about Tesla.
HEIDI SHIERHOLZ: It is not legal for employers to retaliate against workers for organizing. It is not legal for employers to fire workers for organizing. So that shouldn’t be happening. This should not be an issue.
NPR
February 24, 2023
The Economic Policy Institute (EPI) lays the blame for our national tipping culture on the 1966 amendments creating a so-called “tip credit” to the Fair Labor Standards Act. According to EPI, “The creation of the tip credit—the difference, paid for by customers’ tips, between the regular minimum wage and the sub-wage for tipped workers—fundamentally changed the practice of tipping.”
LA Progressive
February 24, 2023
Features Margaret discussing the latest strikes data.
Your Rights at Work
February 24, 2023
“In the past couple years, we’ve definitely seen a resurgence in the labor movement,” Margaret Poydock, a policy analyst and government affairs specialist at the left-leaning Economic Policy Institute, told Insider. “We’ve seen strong support in labor, because workers can see what unions can do for them. They see that unions can help negotiate better pay, better benefits, safer working conditions. The pandemic kind of revealed how much work sucked.”
Business Insider
February 24, 2023
Wage theft — when employees are paid less than the required federal and state minimums — is widespread, costing some 2.4 million workers in the 10 most populous states in the country $8 billion a year, according to a 2017 study by the Washington-based Economic Policy Institute. New York is among those states. One in six low-wage workers is a victim of wage theft, with an average loss per employee of $3,300 a year, according to the EPI study.
Newsday
February 24, 2023
There are approximately 1.4 million home care workers in the US (an undercount), according to the Economic Policy Institute (EPI), the majority of them Black and Hispanic women, who earn a median hourly wage of just over $13 per hour.
CNN
February 24, 2023
According to Pew Research and the Economic Policy Institute, wages have grown so slowly since Ramsey first entered the labor market that the average worker’s purchasing power hasn’t measurably budged in the ensuing four decades. But according to the Congressional Budget Office, the households in the country’s top-earning quintile saw their real incomes rise by 111% during that same 40-year period.
GO Banking Rates
February 24, 2023
While allotments of H-2B visas for low- and semi-skilled non-agricultural workers are increased annually, enforcement of the government’s wage and hour rules in this category has deteriorated to the point of disappearing. “The H-2B program’s wage regulations are allowing employers to legally undercut U.S. wage standards and underpay migrant workers,” Daniel Costa of the Economic Policy Institute (EPI) reported in 2021.
Federation for American Immigration Reform (FAIR)
February 24, 2023
Facing similiar prospects across the Pacific, a report published in April 2022 by United States Economic Policy Institute Research Director Josh Bivens echoed similar. The institute’s report details the overheating view of the economy often emphasises the fast nominal wage growth of the past year as justification for the arguments of policymakers.
Savings.com
February 24, 2023
It’s as firms have been using the classification of “gig workers” to underpay employees as well in the last few years. A recent study from the left-leaning Economic Policy Institute (EPI) found that workers were losing out on thousands of dollars in lost pay and benefits because of it.
Business Insider
February 24, 2023
A main cause for the widening income disparity is the huge pay gap. According to Equilar, the median income of CEOs of listed companies in 2021 was 20 million dollars, up 31 percent from 2020, while that of average employees increased from around 69,000 dollars to some 72,000 dollars, up about 4 percent. According to a study by the Economic Policy Institute, CEO pay had skyrocketed by 1,322 percent between 1978 and 2020, while typical worker compensation had risen just 18 percent.
Global Times
February 24, 2023
Advocates and experts also point to expanded access to no or low-cost early childhood education as a solution that not only benefits children but parents and the economy as a whole. Colorado ranks eighth in the country for most expensive child care, with an average annual cost of $15,325, according to the Economic Policy Institute.
KUNC
February 24, 2023
Sebastian Martinez Hickey, a research assistant at the Economic Policy Institute, a nonprofit think tank, said wages for nursing home employees had been extremely low even before the pandemic. He said the focus needs to be on raising Medicaid reimbursement rates beyond inflationary factors.
Kaiser Health News
February 24, 2023
First, there are lessons to be learned from the prior recessions and how employees of color have fared. During the great recession, unemployment was highest among Black and hispanic employees, just as it was during every recession since ethnicity started to be tracked in the 1970s. Even when the economy bounced back, unemployment remained in the double digits for more than six years for Black employees. Moreover, according to the Economic Policy Institute, it took more than a decade for Black and Asian households to recover their prerecession median incomes.
Fast Company
February 24, 2023