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
Governments like manufacturing jobs because they have a strong halo effect. One manufacturing job creates an additional three to seven other jobs, according to numerous research and academic reports. The manufacturing multiplier —that is, how many jobs one manufacturing job creates—is one of the strongest of any sector, according to the Economic Policy Institute.
Barron’s
August 26, 2024
Michigan and Ohio are both relatively expensive places to raise children compared to the fastest growing states in the U.S. The average cost for infant care in Michigan is $10,881 or $905 per month, according to the Washington, D.C., think tank Economic Policy Institute. Infant care for one child in the state accounts for 19% of a median family’s income. Infant care costs $9,697 in Ohio, or about $808 per month.
Crain's Grand Rapids
August 26, 2024
The nationwide bus driver shortage remains a persistent issue for districts across the country, and according to a November 2023 study by the Economic Policy Institute, there has been a 13.6% decline in state and local government school bus drivers since 2019.
Columbus Dispatch
August 26, 2024
The data from the Bureau of Labor Statistics in their 2023 report suggested that union workers earned 14% more than their nonunion counterparts. According to a 2019 Economic Policy Institute report, as the number of union members dropped in the last 30 years, the share of total income going to the top 10% of wealthy Americans went up. Let me put it this way—when there are less union members, the rich get richer and, well, you know the rest.
Salt Lake City Weekly
August 26, 2024
The Economic Policy Institute analyzed national wage information and found that wages for low-paying jobs increased by 12% 2019 through 2023.
Salem Reporter
August 26, 2024
States with RTW laws have lower unionization rates, wages and benefits compared with non-RTW states. On average, workers in RTW states are paid 3.2% less than workers with similar characteristics in non-RTW states, according to the Economic Policy Institute, an independent, nonprofit think tank.
The Daily Cardinal
August 26, 2024
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