City governments might be more tolerant of short-term rentals if there were a clear economic case. But studies cited by the Economic Policy Institute found they jeopardize revenue flowing into municipal coffers because the recording and implementing of tax obligations from short-stay hosts are less comprehensive than for hotels, partly because some local agreements cede responsibility in this area to the short-stay platforms themselves.
BNN Bloomberg
October 15, 2024
Finally, the mother of all these myths is that historically Republicans have been better economic managers of the nation’s affairs than Democrats. A recent study by the Economic Policy Institute shows that this one finds no support in the historical record.
Democratic administrations since WWII have seen job growth of 2.5%, compared to only 1.1% for their Republican rivals. Other measures like GDP show a similar gap.
Pittsburgh Post Gazette
October 15, 2024
In 1968, the average minimum wage worker earned $10.59 per hour in inflation-adjusted terms, which is 46% more than minimum-wage workers earned in 2022. “The minimum wage [in 2022] would be over $22 per hour had it tracked productivity increases over the last five decades,” according to the Economic Policy Institute.”
Investopedia
October 15, 2024
The effects of this shift are not evenly distributed across the population. Certain groups, particularly Black and Hispanic workers, have faced disproportionate impacts from globalization and manufacturing declines, a report from the Economic Policy Institute revealed.
Forbes
October 15, 2024
Amid the ongoing debate on immigration, a new report showed how much immigrants boost Virginia’s economy.
The report, “Immigrants Are a Vital Part of Virginia’s Future,” revealed immigrants contribute more than $100 billion to the state’s economy and are essential to critical industries such as health care, technology and hospitality.
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The Immigration Research Initiative and Economic Policy Institute also contributed to the report. The findings come as immigration policies remain a hot-button issue, with critics expressing concerns over job competition and resource allocation.
Public News Service
October 15, 2024
The bill is also endorsed by dozens of groups including the American Federation of Teachers, Americans for Financial Reform, Economic Policy Institute, Indivisible, National Employment Law Project, National Nurses United, Public Citizen, Service Employees International Union, Student Borrower Protection Center, Take on Wall Street, United for Respect, and Working Families Party.
Common Dreams
October 15, 2024
Interview with Adam Hersh for EPI Action [paywall].
MLex Market Insight
October 15, 2024
But in Trump's first term, he ordered the Equal Employment Opportunity Commission (EEOC) to not collect pay and hours data linked to sex, race, and ethnicity. The Economic Policy Institute said this would make it "harder for employers and federal agencies to identify pay disparities and root out employment discrimination." The decision was initially reversed by the courts, but the Trump Administration still later stopped collecting the data.
Forbes
October 15, 2024
“People are shocked to learn that rich people don’t pay taxes above” the cap, said Monique Morrissey, a senior economist at the Economic Policy Institute.
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“The Democrats really need to lose that pledge” of not raising taxes on anyone making less than $400,000, Morrissey said. “People are happy to pay more in taxes when it’s something that they see is concretely benefiting them.”
VOX
October 15, 2024