Buyers will likely be affected by the tariffs as well, because as the cost of construction rises, so does the sale price of a new home. Companies typically pass tariffs – which constitute an additional cost – along to consumers, according to the Economic Policy Institute, a left-leaning think tank.
MarketWatch
February 19, 2025
We might over time develop better technology to match workers and employers faster, said Strain, which could reduce frictional unemployment a bit.
And that would be a good thing, said economist Heidi Shierholz, president of the Economic Policy Institute. “When unemployment is low, that’s great for workers and the economy. But it actually can get too low.”
Economists tend to agree that anything lower than 2.5% to 3% risks extreme labor shortages developing in the economy.
“Firms who have job openings, they’re just basically poaching workers from other companies, because there’s hardly any unemployed people to hire,” said Shierholz. “That requires big wage increases, and then that translates into big price increases.”
Marketplace
February 19, 2025
Margaret Poydock, a senior policy analyst at the Economic Policy Institute, a nonprofit think tank, told me that the NLRB firings not only “essentially paralyze” the agency from making decisions but also “destroy its independence.”
Mother Jones
February 18, 2025
According to the Economic Policy Institute, the global economy has eliminated more than 5 million U.S. manufacturing jobs and nearly 70,000 factories.
Governing
February 18, 2025
Throughout the United States, around 42% of the estimated 2.4 million people working on farms are “unauthorized immigrants,” according to the most recent data from the U.S. Department of Agriculture and the Economic Policy Institute.
Philadelphia Inquirer
February 18, 2025
However, an October 2024 report by the Economic Policy Institute highlights the benefits of immigration, including enabling economic growth, paying nearly $100 billion in taxes annually, and noting that mass deportations lead to job losses for US-born workers due to reduced local demand output. As the Trump administration continues to push for mass deportations, the undocumented community remains in a state of fear and uncertainty, with many worrying about their future and the potential separation from their loved ones.
ND-TV
February 18, 2025
Despite this rhetoric fomenting xenophobic sentiments, an October 2024 report by the Economic Policy Institute on the benefits of immigration to the US cited the enabling of economic growth as the US-born workforce declines, and the payment of nearly $100bn annually in taxes, and noted mass deportations actually result in job losses for US-born workers due to reduced local demand output.
The Guardian
February 18, 2025
“School bus driver wages are far lower than [those of] most other workers, according to our analysis,” a November 2023 Economic Policy Institute report stated. “The typical school bus driver earned $20 an hour in 2022, which is 16.8% less than the median wage for all workers in the economy, $24.04.”
Journal AZ
February 18, 2025
Josh Bivens, chief economist at the Economic Policy Institute, a liberal think tank whose one-time chief economist, Jared Bernstein, was an advisor to President Joe Biden, told Salon that one catch in the GOP’s scheme is that — in order to do the full $4.5 trillion in tax cuts — the resolution says that they need to actually achieve $2 trillion in mandatory spending cuts.”
“This is widely seen as a sop to the anti-spending Freedom Caucus – but it’s not obviously enforceable in any way,” Bivens said. “That still obviously leaves lots of this deficit-financed, and, it also puts on Republican paper what opponents of TCJA extension have said all along: there is a pure, unambiguous trade-off between tax cuts disproportionately going to the rich and spending programs (Medicaid and others) that go to vulnerable families. This trade-off is written into the budget resolution.”
Salon.com
February 18, 2025
The lawsuit was filed by Democracy Forward on behalf of the AFL-CIO, the American Federation of Government Employees, the American Federation of State, County & Municipal Employees, the Service Employees International Union, Communications Workers of America, and the Economic Policy Institute.
Bloomberg Law
February 18, 2025