The Economic Policy Institute said if executed, the budget would reduce the income for the bottom 40% of American households, according to an analysis by the nonprofit think tank.
“It would be impossible to cut the amount of spending as directed in the resolution without severely slashing Medicaid,” a statement from the group stated.
Arizona Republic
March 3, 2025
Nationally, the Economic Policy Institute found that on average, teachers took a 26.4% pay cut compared to other college-educated workers in 2022.
San Antonio Report
March 3, 2025
Meredith Slopen, postdoctoral research scholar at the City University of New York Graduate Center’s Stone Center on Socio-Economic Inequality, and Hilary Wething, economist at the Economic Policy Institute, noted that if a worker has access to job-protected paid sick leave, they can take the time they need to seek medical care or stay home without the fear of losing employment or earnings.
“Time off to care for an illness allows workers to recover and come back to work (rather than needing to take a longer leave [down] the road due to putting off care) and reduces the spread of disease in the workplace,” they said in a blog post. “Evidence shows that paid sick leave is associated with reductions in job separation rates among women, suggesting access to paid sick leave might improve workers’ employment prospects.”
HRD America
March 3, 2025
And it appears unlikely the tariffs on aluminum will make that can of Coke more expensive for soda drinkers, CNN reports.
The tariffs will likely have almost no impact on consumer prices, according to Adam S. Hersh, a senior economist at the Economic Policy Institute.
“Corporations have more than sufficient profit margins to absorb small price increases to a small input to production,” he said.
Yahoo Finance
March 3, 2025
The Economic Policy Institute states that there are roughly 8,069 federal workers in Wyoming, with more than 600 in Casper, more than 2,000 in Cheyenne, close to 350 in Gillette and countless more in other parts of the state.
Oil City News
March 3, 2025
Indeed, by the early 1970s, one of our nation’s top corporate leaders — General Electric chair and CEO Reginald Jones — was pulling down a mere $200,000 a year and living in a modest brick colonial just outside New York. Jones and his big-time CEO counterparts, the Economic Policy Institute has detailed, were then averaging only 20 times or so more than what their workers were making.
Inequality.org
March 3, 2025
A December Economic Policy Institute report found that between 2021 and 2023, federal, state, and local authorities clawed back some $1.5 billion for workers. These recovery efforts, however, are ultimately “a very small piece in the grand scheme of how much wage theft is occurring,” says Margaret Poydock, an EPI senior policy analyst. To further combat this common problem, some regional governments and municipalities are stepping into the void to assist workers, particularly non-unionized employees.
American Prospect
March 3, 2025
The tariffs will likely have almost no impact on consumer prices, according to Adam S. Hersh, a senior economist at the Economic Policy Institute.
“Corporations have more than sufficient profit margins to absorb small price increases to a small input to production,” he said.
…
A can costs a little bit less than 4 cents to produce, according to Hersh. “If we put a 25% tariff on that, it would raise the cost of the can to 5 cents,” he said, adding that it would increase the production cost of a six-pack by 6 cents.
Investors largely agree aluminum tariffs won’t result in significant cost hikes as share prices of beverage corporations have been relatively stable since they were announced, according to Hersh.
CNN Business
March 3, 2025
In a series of attestations, Trump administration officials aimed to give the impression that DOGE’s activities were generally aboveboard – with an eye toward the broader goal of refuting the claims advanced by the unions and the Economic Policy Institute.
Law & Crime
March 3, 2025
Per the Economic Policy Institute, tariffs can be utilized to protect domestic production and other goals. The EPI said tariffs are “most effective when they focus on well-defined and narrowly tailored goals, they work best as part of a larger strategy.”
97.1 FM
March 3, 2025