The Economic Policy Institute last week released a report detailing how extending the expiring provisions from the tax law that Republican lawmakers passed and Trump signed in 2017 “will have painful trade-offs for the U.S. economy and most Americans.”
Common Dreams
February 24, 2025
Let’s take for our example the National Labor Relations Board, which I know best. Under Biden, the NLRB barred management from gerrymandering union bargaining units to their advantage; it streamlined the process for union elections; and it barred employers from firing employees engaged in collective action merely for using offensive language. (I’m grateful for these examples to Lynn Rhinehart, Celine McNichols, and Margaret Poydock of the nonprofit Economic Policy Institute.)
The New Republic
February 24, 2025
For example, the Economic Policy Institute estimates the average cost of living for two adults in the New York area, which includes New York City, at $7,742 a month or $92,899 a year.
Investopedia
February 24, 2025
“Instead of undermining the economic security of tipped workers, Michigan policymakers should take steps to make the phase-out of the tipped minimum wage as smooth as possible for businesses, workers, and consumers,” said Sebastian Hickey of the Economic Policy Institute. “Despite resistance from business lobbying groups and conservative lawmakers, Michigan should maintain the court-ordered path to eliminate the tipped minimum wage and the exploitation it perpetuates.”
The Center Square
February 24, 2025
Amid pressure from businesses, state legislatures around the country have eased laws. The Economic Policy Institute, a Washington, D.C., think tank, has tracked 16 states, including Indiana, rolling back restrictions since 2021.
Indy Star
February 24, 2025
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 24, 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 24, 2025