Today’s guests are…Heidi Shierholz, Economic Policy Institute.
Bloomberg TV
August 26, 2024
The job numbers the bureau releases every month are based on surveys, explained Elise Gould, a senior economist with the Economic Policy Institute.
“They survey payroll employment. They survey a series of businesses … and they put that into their initial jobs report that happens the first week of the following month,” she said.
But sometimes companies change their plans and hire fewer people than they said they would. Or they don’t bother getting back to the folks at the BLS. “They don’t get all the responses in, so they have to estimate based on the responses that they have,” Gould said.
Marketplace
August 26, 2024
Finally, these proposals create incentives to drive even more low-paid service employees into the tipped worker category, harming many workers and their families. Tipped workers have more unstable incomes than non-tipped workers, are more likely to live in poverty, and are more vulnerable to wage theft, according to the Economic Policy Institute (EPI).
Common Dreams
August 26, 2024
Meanwhile, Minnesota raised the minimum wage, raised taxes on the wealthy, expanded educational and infrastructure spending, increased aid to low-income families, including child care support, and was one of the first states to embrace Medicaid expansion.
The result, according to the Economic Policy Institute: “On virtually every metric, workers and families in Minnesota are better off than their counterparts in Wisconsin — and the decisions of state lawmakers have been instrumental in driving many of those differences.”
The Cap Times
August 26, 2024
Research by Kyle Moore, an economist with the left-leaning Economic Policy Institute, shows that Illinois has one of the highest Black unemployment levels in the nation. He says those issues, however, are linked to longstanding problems, not a consequence of recent migration.
“It’s not like there’s something new that’s happening that’s taking away jobs from Black folks,” Moore said.
Bloomberg
August 26, 2024
The president of the Economic Policy Institute, Heidi Shierholz, who served in the Obama administration as chief economist at the Labor Department, wrote in 2019 that the Trump administration’s rule left millions of workers behind.
“At its heart, the Trump administration’s rule is based on the notion that someone making $35,568 a year is a well-paid executive who doesn’t need or deserve overtime protections,” Shierholz wrote. Rather than defend the Obama rule, “Trump has sided with the interests of corporate executives over those of working people.”
Politifact
August 26, 2024
Features TV interview with Heidi Shierholz.
ABC News
August 26, 2024
Meanwhile, Black women are more likely to be working than white, Asian, or Hispanic/Latino women, which suggests Black men could face a unique set of challenges in the labor market, Valerie Wilson, a labor economist and the director of the Economic Policy Institute’s program on race, ethnicity, and the economy, told Business Insider.
Holzer and Wilson shared why the employment gap between Black men and other groups persists, what’s driven progress in recent years, and what else can be done in the years to come.
Business Insider
August 26, 2024
Trump’s tariffs were in effect well before shockwaves from the COVID-19 pandemic caused inflation to soar. The Economic Policy Institute estimated in January 2022 — a time when inflation was still skyrocketing — that removing the tariffs would have offset no more than 7.2% of the run-up in consumer prices.
Yahoo Finance
August 26, 2024