“I just don’t see a big fiscal stimulus coming out of a Biden second term,” said Josh Bivens, chief economist at the left-leaning Economic Policy Institute.
…
A big question mark relates to the fate of the Inflation Reduction Act, which is funding investments in clean energy. Republicans are attacking the law, which they argue reduces efficiency and increases costs by picking winners and losers, but undoing it may create a new set of economic problems.
“Right now the sector is proceeding under the impression that a build-out of clean energy will be subsidized and will be producing lots of our energy by the end of 2030,” Bivens said. “Clawing back subsidies and making energy producers scramble to figure out how they’ll be satisfying future energy demand in totally different ways could definitely lead to price spikes and volatility.”
Politico Morning Money
March 8, 2024
According to the Economic Policy Institute, as of 2022 there are roughly 2.4 million farmworkers in the U.S.
Scripps news
March 8, 2024
Meanwhile, the Labor Department reported there were 8.9 million positions open at the end of January, roughly the same number as a month earlier.
“The labor market remains strong but is decidedly not hot,” said Elise Gould, senior economist at the Economic Policy Institute. “Job growth continues to be more than enough to keep up with working age population growth and layoffs remain historically low, but the hires rate has softened over the last year and is lower than it was pre-pandemic.”
U.S. News & World Report
March 8, 2024
Estimates from the Economic Policy Institute show unemployment among Black workers in Nebraska…[Paywall].
Lincoln Journal Star
March 8, 2024
Recent economic analyses by the Economic Policy Institute, the Congressional Research Service and others shows that the labor force has grown enormously in large part on the back of rebounding immigration, which had fallen during the pandemic.
New York Daily News
March 8, 2024
“was keeping up with population growth, but not outpacing it, said Elise Gould, senior economist at the Economic Policy Institute…[paywall]”
Atlanta Journal Constitution
March 8, 2024
“Immigrants are an integral part of our labor market, filling gaps caused by demographic changes in the United States and contributing to strong economic growth,” concludes the Economic Policy Institute, a nonpartisan think tank. “The idea that immigrants are making things worse for U.S.-born workers is wrong. The reality is that the labor market is absorbing immigrants at a rapid pace, while simultaneously maintaining record-low unemployment for U.S.-born workers.”
Chicago Sun Times
March 8, 2024
NYU’s Terri Gerstein, a workers’ rights advocate, said that there needs to be major reforms in child labor laws to heighten the cost of noncompliance and empower workers to come forward…[Paywall].
Law360
March 8, 2024
Jennifer Sherer, a researcher with the Economic Policy Institute who’s produced reports on public sector union policy, told Orlando Weekly she didn’t know of any precedent for using the term “captive audience meeting” to describe meetings between union staff and public sector workers.
“Mislabeling something along those lines as a ‘captive audience meeting’ is novel, to my knowledge, although maybe not surprising,” she said.
Orlando Weekly
March 8, 2024