For corporations, though, the economy has been booming. According to the Economic Policy Institute, corporate profits and inflation over the pandemic have been linked.
Newsweek
December 9, 2024
Numbers provided by the Social Security Administration and backed by the Economic Policy Institute, as well as the Center on Budget and Policy Priorities, all confirm that the effective rate of return on Social Security’s pool of funds is in the low single digits, barely outpacing any given year’s rate of inflation.
The Motley Fool
December 9, 2024
On Jan. 1, 2027, pay in New York gets tied to the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), a measure meant to keep pace with inflation. An “off-ramp” can freeze indexed increases if there are economic downturns or budget crises.
But according to the Economic Policy Institute and the National Employment Law Project, that’s a dangerous off-ramp. Two conditions can freeze raises:
Rochester First
December 9, 2024
Later in 2025, a handful of states and a couple dozen localities will also boost their minimum wages. The upshot: A total 23 states and 65 cities and counties – a record 88 jurisdictions – will lift their pay floors sometime next year. The increases will directly affect 3 million workers earning minimum wage and indirectly nudge up pay for 6.2 million higher-paid employees because of ripple effects on company pay structures, according to the left-leaning Economic Policy Institute.
…
Alaska, Florida, Hawaii, Missouri and Nebraska will hit the $15 benchmark by 2026 or 2027. That makes 16 states with nearly half the U.S. workforce in states with pay floors of $15 or higher within the next three years, according to NELP and EPI.
USA Today
December 9, 2024
Ultimately, the unemployment rate measures how many people are actively looking for work, and Black people have always been resilient in their job searches. Valerie Wilson of The Economic Policy Institute suggested that Black people have always been actively searching for work, but are having a harder time finding positions.
NewsOne
December 9, 2024
A 2017 study by the Economic Policy Institute, for example, showed that inequality reduced aggregate-demand growth by 2-4 percentage points of GDP per year between the late 1970s and 2012.
Project Syndicate
December 9, 2024
The Economic Policy Institute, for example, argued in 2022 that the education funding “needs an overhaul,” insisting “federal government plays a small and insufficient role” in public school funding and that the current system is “inadequate and inequitable.” Without federal oversight, critics of Trump’s plan fear that disparities between higher-income and underserved school districts could widen.
Fox News
December 9, 2024
Heidi Shierholz, president of the left-leaning Economic Policy Institute, applauded Trump’s choice of Chavez-DeRemer as secretary of Labor. Chavez-DeRemer has personal connections to the labor movement. But Shierholz wondered what difference she would be able to make. As with Trump’s Labor secretary in his first term, Alex Acosta, she said Chavez-DeRemer was likely to face significant constraints.
“Trump doesn’t suffer dissent; I don’t have high hopes,” Shierholz said.
LA Times
December 9, 2024
The U.S. economy has added an average of 173,000 jobs monthly over the past three months, Economic Policy Institute senior economist Elise Gould noted in an analysis of the new Labor Department figures.
Common Dreams
December 9, 2024
According to a study by the Economic Policy Institute, that gap increased by 7.6 percent between 2010 and 2021, causing the average weekly wages of teachers…[paywall].
Boston Globe
December 9, 2024