A 2022 report by the Economic Policy Institute, found that in the United States the vast majority of domestic workers — more than 90 percent — are women; just over half are Black, Hispanic, or Asian American and Pacific Islander women; and they tend to be older than other workers.
Associated Press
July 1, 2024
The Economic Policy Institute reported that American employers prefer to use the H-2A program over hiring U.S. workers because they see foreign workers as “exploitable.” American employers often fight against new H-2A regulations, alleging that the program is already too “expensive” and “bureaucratically complex.”
Prism Reports
July 1, 2024
For hardcore policy wonks, the Economic Policy Institute(EPI) did a deep dive into the SEDM last month: here’s how it works in summary.
Republicans claim that by offering low-cost non-union labor and little to no regulatory oversight to massive corporations, they’re able to “attract business to the region.” This, they promise, will cause (paraphrasing President Kennedy out of context) “a rising tide that lifts all boats.”
Raw Story
July 1, 2024
Subsequently, the Economic Policy Institute, a think tank partly funded by labor unions, argues that the U.S.’s recovery from the pandemic in the following months reversed this trend, driving real average wage growth down as many of these low-wage workers rejoined the labor force.
FactCheck.org
July 1, 2024
“The macroeconomic story is strong. But there is a huge disconnect between reality and people’s perceptions, which points to a lot of misinformation about the economy,” says Heidi Shierholz, the president of the Economic Policy Institute in Washington.
“It’s that one-two punch of high price levels from the burst of inflation, and misinformation,” she adds.
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An EPI study, opens new tab in March found that real hourly wages for the lowest 10% of earners grew 12.1% between 2019 and 2023. In the same period, middle-wage workers experienced 3.0% real wage growth, while the wages of the top 10% of earners grew just 0.9%.
Reuters
July 1, 2024
However, for everyone else, it has been detrimental, as wage growth has not kept up with productivity growth. Figures provided by the Economic Policy Institute reveal that productivity rose 74% between 1973 and 2013, but the average hourly wage earned by workers gained only 9%.
Business Insider
July 1, 2024
The last time the federal minimum got a boost was in 2009, when skinny jeans were king and the Black Eyed Peas topped the Billboard Hot 100. It’s the second-largest stretch without an increase since the minimum wage was created in 1938, said Sebastian Martinez Hickey, a state economic analyst with the Economic Policy Institute.
During that time, “it’s declined in its purchasing power and its value by more than 40%,” Martinez Hickey said.
Marketplace
July 1, 2024
Here’s everything we talked about today:
Marketplace Make Me Smart podcast
July 1, 2024
The Economic Policy Institute notes that the rule will protect retirement investors who seek professional advice and ensure that investment professionals act in their clients’ best interests.
Investopedia
July 1, 2024
This week, Goldy and Paul talk to Chandra Childers, a senior policy and economic analyst at the Economic Policy Institute and author of their recent report on the Southern economic development model. Although the Southern economic development model is touted as a business-friendly strategy, it has devastating consequences for workers and families in Southern states. Childers explains how this economic model is rooted in racism and economic exploitation and has led to lower wages, weaker safety nets, and fewer opportunities for workers. They also discuss how some Southern states are bucking this trend and attempting to adopt more progressive policies, as well as the potential impact of renewed unionization efforts in the region.
Pitchfork Economics
July 1, 2024