Soon after the turn of the century, several high-profile studies were produced from high-priced consultancies about the cost savings of offshoring from first-world countries. They garnered millions of media impressions, political debates and resulting business strategies. Soon thereafter, Josh Bivens published “Truth And Consequences Of Offshoring” in the Economic Policy Institute, stating “Recent studies overstate the benefits and ignore the costs …” Nevertheless, that bell could not be unrung.
Forbes
January 12, 2024
In a report, the left-leaning Economic Policy Institute said construction workers, truck drivers, cleaners, landscapers, security guards and call center workers are among the most commonly misclassified workers. It estimated that misclassified construction workers lose between $10,177 and $16,729 per year.
Associated Press
January 12, 2024
A total of 16 states, including Florida, have tried to repeal or have repealed child labor laws that have safeguarded children for decades, according to the Washington, D.C.-based Economic Policy Institute.
Florida Record
January 12, 2024
A 2023 analysis by the Economic Policy Institute, a nonprofit think tank, found that a typical construction worker classified as an independent contractor earned $16,700 less a year in income and benefits than they would as an employee, while a typical home health aide took home $9,500 less in income and benefits.
The Washington Post
January 12, 2024
On Jan. 1, 22 states raised their minimum wage, while 38 cities and counties raised theirs beyond the state standard, according to the Economic Policy Institute, a think tank that examines how policies affect low- and middle-income workers.
Stateline
January 12, 2024
Though Ford’s story shows how the power of empathy helped him achieve his financial goals, there’s an “obvious dark cloud” over the situation, Kyle K. Moore, an economist at the Economic Policy Institute, told MarketWatch.
“We have a man who worked for nearly three decades and did not have enough to afford what was once considered a staple of basic economic health and well-being: a home,” Moore said. “If we still consider homeownership to be part of the American dream, then that’s a market failure — and, more importantly, a policy failure.”
MarketWatch
January 12, 2024
The Economic Policy Institute reports the monthly cost of living for a family of four in Alamosa County is $6,422 versus $9,073 for the same size family living in Boulder County.
Colorado Sun
January 12, 2024
Several factors contribute to the higher jobless rates among black Americans compared to whites. Racism and single-adult households, where one person must balance childcare and full-time employment, are among the primary reasons, according to the Economic Policy Institute.
24/7 Wall Street
January 12, 2024
According to a 2022 Economic Policy Institute report, CEOs made 15 times more than the average employee in 1965 and nearly 400 times more than the typical employee in 2021 on average.
San Francisco Chronicle
January 12, 2024
As of Monday, 22 states increased their minimum wages, raising pay for an estimated 9.9 million workers and resulting in $6.95 billion in additional income, the left-leaning Economic Policy Institute estimates.
Washington Examiner
January 12, 2024