Some empirically oriented economists, particularly those at the Economic Policy Institute, predicted that the corporate pillars of American capitalism would not only set up shop in China but decimate American manufacturing in the process. They were dismissed as protectionists, though their predictions proved to be entirely correct.
The American Prospect
June 3, 2024
A recent example came earlier this month from the Economic Policy Institute, written by Katherine deCourcy and Elise Gould.
Their research shows that young workers with a college degree have already economically recovered from the disruption and displacement caused by the Covid-19 pandemic. In fact, they say bluntly, “The labor market for young college graduates today is stronger than it was before the pandemic and has been for quite some time.”
Forbes
June 3, 2024
Industry Week
June 3, 2024
States continue to increase their minimum wages. Twenty-two states implemented higher minimum wages on Jan. 1, 2024, according to the Economic Policy Institute (EPI). These increases in the statewide minimum wage affected an estimated 9.9 million workers and accounted for nearly $7 billion in additional wages.
MarketWatch
June 3, 2024
Over the past decade, households have seen expenses grow more than their incomes, data from the Bureau of Labor Statistics show. Today, the median income for a family of four is $114,425, according to the Census Bureau – which is just enough to cover basic necessities for a four-person family of $104,760, according to data from the Economic Policy Institute’s Family Budget Calculator.
MarketWatch
June 3, 2024
According to data compiled by the nonpartisan Economic Policy Institute, the Black unemployment rate in Pennsylvania was 5.7% in the first quarter of 2024. In the final quarter of 2020, before Biden took office, the rate was 16.5%. In the last two quarters of that year, Pennsylvania had the highest Black unemployment rate in the entire United States.
Pennsylvania Independent
June 3, 2024
Despite Trump’s effort as president to frustrate the H-1B system, some things have remained the same. According to the nonprofit Economic Policy Institute, major offshore outsourcing companies, including India-based Infosys and Tata Consultancy Services as well as U.S.-based Cognizant Technology Solutions, remain among the largest users of H-1B visas.
TechTarget
May 24, 2024
While there’s still more work to do in order to bring down inflationary prices, the Biden Administration has worked to make sure that Americans have more money to spend by growing their paychecks. As our friends at the Economic Policy Institute show, nominal wage growth — that is, the growth of wages year-over-year, not adjusted for inflation — has now risen above inflation for the last full year.
The Pitch from Civic Ventures
May 24, 2024
Education Week
May 24, 2024