Let’s not forget, since 1933, America’s economy has grown at an annual average rate of 4.6 percent under Democratic presidents and only 2.4 percent under Republicans (Economic Policy Institute, April 2).
Times-Republican
August 5, 2024
“That [employment to population ratio] is a leading indicator that tells me that things are still doing quite well,” Elise Gould, senior economist at the Economic Policy Institute, told CNN in an interview. “The unemployment rate moves because of many different factors, including people looking for work. Participation can soften if they population ages and more people are moving into retirement.”
CNN
August 5, 2024
The intrigue: Top White House economist Jared Bernstein told a room of researchers and reporters Tuesday that price sensitivity would help complete inflation’s “round trip” — that is, bring it back to pre-pandemic norms.
- Consumers were less likely to push back against higher prices during pandemic times, when fiscal support helped ease pressure on budgets.
- “As excess savings have largely burnt off, even as real wages and disposable incomes are posting solid gains, the price elasticity of demand appears to have reawakened,” Bernstein, chair of the Council of Economic Advisers, said at the Economic Policy Institute.
Axios
August 5, 2024
All together, 18 states have either passed or are considering such legislation, according to Daniel Perez, economic analyst at the left-leaning Economic Policy Institute.
“It’s great that states are taking this issue of captive audience meetings seriously,” he says.
NPR
August 5, 2024
“At a time when child labor violations are on the rise and standards in many states are under attack, Illinois is showing important leadership with decisive action to strengthen and modernize its child labor laws,” said Economic Policy Institute Policy and Economic Analyst Nina Mast. “SB 3646’s updates to youth work permits and hazardous work orders and improvements to civil and criminal penalties will help prevent violations and strengthen the state’s ability to keep children safe on the job. With SB 3646, Illinois is standing on the side of young workers and their families by ensuring youth can access safe, age-appropriate work opportunities while prioritizing their education and development.”
WAND-TV (Illinois)
August 5, 2024
In 2019, economists at the Economic Policy Institute estimated that more than 80% of private, nonunion workers will be bound by mandatory arbitration clauses this year—up from 56% in 2017.
Fast Company
August 5, 2024
The starting salary for teachers in Arizona is $44,124, according to the National Education Association. That’s 21st in the nation – above average.
But the average salary is $60,275, which is 32nd.
That’s $9,000 below the national average – and far below the minimum living wage in much of the state. In Maricopa County, for instance, that’s $79,147 for a single parent with one child, as calculated by the left-leaning Economic Policy Institute.
Cronkite News
August 5, 2024
What midsize counties have the lowest climate change risks?
To get a better picture of what might make an area least vulnerable to natural hazards and still boast the creature comforts of basic infrastructure, NerdWallet set a population control of at least 100,000 people. It includes the annual cost of living in 2023 dollars, according to the Economic Policy Institute’s Family Budget Calculator for households comprising two adults and two children.
LA Daily News
August 5, 2024
Heidi Shierholz, PhD, president of the Economic Policy Institute, testified that “noncompete agreements are ubiquitous. Most studies find that roughly one in five workers are subject to a noncompete, and without a ban, that share would almost surely keep rising.” The Federal Trade Commission’s (FTC) recently issued final ruleopens in a new tab or window banning noncompete agreement “is estimated to reduce healthcare costs by at least $74 billion over the next 10 years.”
“It is also worth noting that employers do not actually need noncompetes to protect trade secrets. Intellectual property law provides businesses with significant legal protections for trade secrets, and employers are also able to use tailored nondisclosure” agreements to do so, she added.
MedPage Today
August 5, 2024
In fact, according to the left-leaning Economic Policy Institute, since 2021, 31 states have introduced legislation to weaken existing child labor laws, and nearly half of those have successfully passed them. These laws include alarming provisions that would extend the number of hours minors can work; lift restrictions on children doing hazardous work; eliminate parental permission and work certification requirements; and even allow underage children to serve alcohol.
CNN
August 5, 2024