“Our economy runs on people buying stuff and getting services. If that slows down because people have either lost their job or they’re worried about losing their job, it can snowball into materially lower employment,” said Elise Gould, senior economist at the Economic Policy Institute.
Moreover, some recessionary trends occur in smaller pockets before affecting the broader economy. “Even if we have a mild recession, certain groups of workers are much more likely to be hurt than others,” Gould said. Black workers, for example, consistently experience unemployment rates twice that of white workers, so any downturn will have a magnified impact. “There’s no such thing as a mild recession for marginalized groups,” Gould said.
CNET
May 5, 2025
“We have a highly globalized food supply chain — much of what we buy and eat at the grocery store is not grown or raised in the United States,” said Adam Hersh, senior economist at the Economic Policy Institute. “The president’s indiscriminate tariff policy is going to hit prices for imported foods as well as for foods produced domestically that compete with foreign foods. Shoppers should expect that some foods they are used to won’t be available on the shelf at any price.”
Salon
May 5, 2025
An analysis by the Economic Policy Institute finds that increasing the federal minimum wage to $17 per hour by 2030 would affect one million workers in Pennsylvania and more than 22 million workers nationwide.
Keystone State News Connection
May 5, 2025
According to the Economic Policy Institute (EPI), CEOs were paid 290 times more than the average worker in 2023 — compared to 21 times as much in 1965.
Entrepreneur
May 5, 2025
The Economic Policy Institute, a Washington-based nonprofit think tank headed by union leaders, estimates a family of one adult and one child in Milwaukee County needs at least $73,721 “to attain a modest yet adequate standard of living.”
Milwaukee Journal Sentinel
May 5, 2025
- Teacher pay gap. Compared to other college-educated professionals with similar experience, teachers in Kentucky only earn 75 cents on the dollar in comparison. (Economic Policy Institute, September 2024)
WBKO (Kentucky)
May 5, 2025
Nina Mast, policy and economic analyst with Economic Policy Institute, evaluated the issue in a report titled “Forced prison labor in the “Land of the Free,” and joined us to share more.
Urban flooding has long plagued the Treme neighborhood in New Orleans. Now residents are taking matters into their own hands.
WWNO (Louisiana NPR)
May 5, 2025
According to the Economic Policy Institute, women were paid an average of 21.8% less than men in 2023. To make matters worse, a 2024 study conducted by the TIAA Institute and Ipsos found that, on average, women retire two years earlier, live three years longer and retire with 30% less income than men.
Kiplinger
May 5, 2025
Adam Hersh from the Economic Policy Institute said, “My biggest concern about this downturn in economic growth is that the Trump administration doesn’t seem to have policies in place that are going to counteract the slowdown in economic growth.”
This decline in GDP reverses the 2.4% gain seen in the previous quarter. However, the White House remains optimistic, pointing to new investments as evidence of an “economic boom.”
Hearst TV
May 5, 2025
The average cost of child care is $1,000 per month in Montana, Tennessee, Florida and other states and can run even more in other states, including Ohio ($1,400 per month), Maryland ($1,600 per month) and California ($1,800), according to the Economic Policy Institute.
Fairfield Sun Times
May 5, 2025