Media clips

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• Actually, the Job Market Isn’t So Bad for Gen Z College Grads

  Labor data shows that underemployment — the rate of those with college degrees who are working jobs that don’t require degrees — has always been higher among recent graduates compared with all bachelor’s degree holders.

  “They go ahead and get that college degree and then they can’t get on a career track that uses that education,” says Elise Gould, senior economist at the Economic Policy Institute (EPI), a nonpartisan think tank.

  NerdWallet July 22, 2024
• Jobs for New Grads: How Does Gen Z Stack Up Against X and Y?

  Coming out of the Great Recession, the prolonged recovery delayed recent graduates’ ability to get on the career track by five to 10 years, says Elise Gould, senior economist at the Economic Policy Institute (EPI), a nonpartisan think tank. She adds, “It definitely has had an impact on their lifetime earnings.”

  Meanwhile, even though Gen Z suffered a high unemployment rate in 2020 due to the pandemic, the labor market swiftly rebounded. It was such a quick and strong bounceback, says Gould, that the pandemic recession is likely to be just a blip in Gen Z’s careers and, importantly, is unlikely to eat into lifetime earnings.

  “Their outcomes are much better than they would have been, say, a generation prior,” says Gould.

  NerdWallet July 22, 2024
• Home equity has doubled in seven years for Americans. But how do you get at the money?

  For first-time homebuyers, “it’s almost as if the ladder has been kicked away,” said Kyle Moore, an economist with the Economic Policy Institute.

  In effect, non-homeowners feel shut out of America’s most potent wealth-creation vehicle.

  USA Today July 22, 2024
• New York City men out-earn women across jobs, industries: study

  Paywall.

  Crain's New York July 22, 2024
• RNC speakers claim economy does better under Republican leadership

  The Economic Policy Institute (EPI) recently updated a decade-long study that shows the American economy overall actually does better historically when a Democrat is in the White House:

  Racine County Eye July 22, 2024
• Food Stamps Go Further in Rural Areas — Until You Add Transportation Costs

  That’s because recreation-dependent counties tend to have higher-than-average costs of living compared to other rural counties. In 2023, the average household income needed to support a family of four in rural recreation communities was $97,800, compared to $88,900 in other rural counties, according to a dataset compiled by the Economic Policy Institute.

  Daily Yonder July 22, 2024
• Maximizing CHIPS Subsidy Benefits for Workers — Not CEOs

  The Economic Policy Institute found that realized equity compensation made up more than 81 percent of total average realized CEO pay at big corporations in 2022.

  Inequality.org July 22, 2024
• Trump’s Tax-Free Tips Idea Attracts Even Once-Wary Democrats

  Adopting this tax policy may also result in employers resisting wage hikes, using the workers’ new tax benefit as an excuse to keep pay stagnant, said Heidi Shierholz, president of the Economic Policy Institute. Businesses also could adopt a tipping model that would move their workers into a lower-wage category, cutting their labor costs, she added.

  Bloomberg Law July 22, 2024
• July 22, 2024
  July 22, 2024
• Report Shows How Lawmakers in GOP-Dominated South Harm Workers

  “For at least the last 40 years, pay and job quality for workers across the South has been inferior compared to other regions—thanks to the racist and anti-worker Southern economic development model.”

  That’s according to a Thursday report by Chandra Childers, a senior policy and economic analyst at the Economic Policy Institute (EPI). The new publication is part of her “Rooted in Racism and Economic Exploitation” series.

  Common Dreams July 19, 2024