Nearly 70% of economists surveyed by The Wall Street Journal said prices would rise faster under Trump than under Harris, and 23 Nobel Prize winners endorsed Harris’ proposals over Trump’s “counterproductive” economic agenda.
“I think it really would feel like a return to 2021 levels of inflation, in terms of how quickly it seems to come from out of the blue,” Josh Bivens, chief economist with the nonprofit EPI Action, told me.
But it won’t be the same flavor of profit-driven inflation we’ve seen over the past three years.
Pandemic-era inflation, with its many supply chain bottlenecks, gave some corporations monopoly-like power over parts of the economy when their competitors couldn’t get more output out the door, Bivens said. “This one will be a more broad-based, chaotic, supply-side push-up of prices.”
CNN Business
November 4, 2024
And a September report by the Economic Policy Institute found that a spike in profits explains well over 40% of the rise in prices between the end of 2019 and mid-2022
Fast Company
November 4, 2024
The hospital’s significant market share and high prices have contributed to a higher cost of living for families without employer-funded insurance in the Rochester area than in the Twin Cities, even though housing, food and other necessities are cheaper, according to the nonprofit economic think tank Economic Policy Institute’s family budget calculator.
ProPublica
November 4, 2024
Another example is comparing which administrations where more successful in increasing the gross domestic product and wages and reducing the rate of unemployment according to many analysts and the Economic Policy Institute. As reported in the New York Times in February 2021: “Since 1933, the economy has grown at an annual average rate 4.6 % under Democratic presidents and 2.4 % under Republicans. The average income of Americans would be more than double its current level if the economy had somehow grown at the Democratic rate for all of the past nine decades.”
Smoky Mountain News
November 4, 2024
According to research by the Economic Policy Institute, reported by the National Education Association, school bus driver employment continues to be far below pre-pandemic levels. There were approximately 192,400 bus drivers working in K–12 schools in September 2023, down about 15 percent from September 2019.
Altamont Enterprise
November 4, 2024
Policy experts Nina Mast and Reed Shaw are calling on the U.S. Department of Labor to issue new regulations on child labor in order to address higher rates of violations, injuries…[Paywall].
Law360
November 4, 2024
Teacher salaries are a hot-button issue, with the field experiencing well-documented wage gaps. According to an Economic Policy Institute report, teachers made 26.4% less than other similarly educated professions in 2022 — the lowest level since 1960. With taxes and basic living costs to consider, teacher salaries can go a long way or do the opposite, depending on where an educator lives.
MoneyGeek
November 4, 2024
States have had far more success raising their minimum wages.
Thirty states and the District of Columbia have a minimum wage higher than the federal minimum wage, according to the Economic Policy Institute. In the remaining states, the federal minimum wage applies.
Yahoo Finance
November 4, 2024
In each of Project 2025’s overtime provisions, “Workers do not get any additional benefits. It is only employers who get additional benefits,” said Heidi Shierholz, an economist with Economic Policy Institute Action, a nonpartisan advocacy group focused on economic issues. Employers are granted various ways to avoid paying extra for extra work while benefiting from a worker’s labor. “It is an extremely anti-overtime agenda,” she said.
USA Today
November 4, 2024
After years of declining membership, unions have an opportunity to garner support with a new generation of workers. A report from the Economic Policy Institute shows that U.S. front-line workers’ attitudes toward labor unions are softening, which could have a significant impact on worker advocacy among people under 30.
MIT Sloan
November 4, 2024