The Economic Policy Institute looked at research from the past two decades and found that as the years went by, the rate of unresolved contracts after the first year grew from 44% in a 2008 study to 63% in a 2018 study.
Colorado Sun
March 8, 2024
The White House pointed to a study from the Economic Policy Institute, a left-leaning think tank, showing that CEO pay averaged more than 300 times that of the typical worker in 2022.
The Washington Post
March 8, 2024
Child care costs are out of reach for too many Kansas families. According to the Economic Policy Institute, the average annual cost of infant care in Kansas is $11,222 per child, which represents 18.1% of the median family income in Kansas.
Kansas Reflector
March 8, 2024
The Economic Policy Institute said in 2014 that wage theft costs American workers as much as $50 billion a year.
LA Times
March 8, 2024
For many Americans, the term “middle class” means having a certain amount of economic security, says Elise Gould, a senior economist at the Economic Policy Institute, a Washington, D.C., think tank. “It could mean having savings for a rainy day or saving for your children’s education,” she says. “That is very different from being in the middle of the wage distribution, which is how the middle class is technically defined.”
Fast Company
March 8, 2024
Child labor violations in Florida and across the country have risen in recent years, as have the number of industry-backed bills filed in state legislatures aiming to loosen child labor protections in states across the country.
Orlando Weekly
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
“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.
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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
Salaries are losing their value, as a result of the “productivity-pay gap,” which is the difference between how much income the economy generates and workers’ wages. From 1979-2022, productivity increased 64.7%, while hourly pay only increased 14.8% — around 4.4 times slower — according to the Economic Policy Institute.
MoneyWise
March 8, 2024
Features interview with Jasmine Payne-Patterson on history of federal minimum wage.
Workers Rock podcast
March 8, 2024