A 2019 Economic Policy Institute study concluded that the economic harm Airbnb caused to long-term renters by reducing the housing supply and raising prices outweighed the benefits to travelers and property owners.
Pew Stateline
December 1, 2023
A new report by the Jain Family Institute and Economic Policy Institute reveals that student debt worsens mortgage difficulties and financial instability among young and middle-aged American workers.
The Hilltop
December 1, 2023
According to recent information from the Economic Policy Institute, presented at a committee hearing in November, the average cost of infant care in Minnesota is roughly 21-percent of the state’s median family income.
KTTC
December 1, 2023
Rising inflation has put a dent in public school teachers’ salaries nationwide, according to recent research by the Economic Policy Institute. At the same time, districts like Portland Public Schools are having trouble meeting teachers’ financial needs.
K-12 Dive
December 1, 2023
Meanwhile, a concerted effort to loosen or abolish regulations around children in the workforce is under way across the country. Republicans are pushing to loosen child labour laws in at least 16 states, according to the Economic Policy Institute.
The Guardian
December 1, 2023
“Consider one metric of inequality — the ratio of the 90th-percentile wage (the wage earned by the worker who has higher pay than 90% of the workforce) to the 10th-percentile wage. Between 1980 and 2019, this ratio rose enormously by about 34%. But a full third of this 39-year increase has been erased in less than three years after 2019,” Bivens recently wrote in a blog post.
The 10th-percentile hourly wage was $12.57 in 2022, up 9% during that three-year period, he noted. “If this inequality reduction sticks, it could well be the single most important development in the economy in decades,” Bivens said.
CBS Moneywatch
December 1, 2023
Maryland and many other states now have laws on the books that
require minimum wages to rise along with inflation. Maryland leaders recognized that the $15 minimum unions and worker advocates campaigned for a decade ago no longer goes far enough, said Sebastian Martinez Hickey, a research assistant for the Economic Analysis and Research Network at the Economic Policy Institute, a left-leaning think tank in Washington, D.C.
“What they thought $15 an hour would achieve no longer has that same
purchasing power,” Hickey said. “A lot of other states are going to be
making a similar calculation in the next couple of years.”
It would take about $20 today to buy what $15 could buy 10 years ago,
according to the Bureau of Labor Statistics. EPI backs raising the federal
minimum wage to $17 an hour by 2028.
Pluribus News
December 1, 2023
US law hamstrings organising efforts because it allows employers to punish union leaders with minimal consequences and to hold mandatory meetings where workers must listen to anti-union messages, according to the left-leaning Economic Policy Institute. Earlier UAW efforts to organise in the south met defeat at Nissan’s plant in Mississippi and VW’s in Tennessee, while in February, 18 workers at Tesla said they were fired for organising a union drive.
Financial Times
December 1, 2023
According to the Economic Policy Institute, nearly half of U.S. employers are charged with violating federal law in union election campaigns, from illegally firing workers to coercing and threatening workers. Some employers, flush with enough cash, hire professional union-busters to water down pro-union support within the workforce.
Orlando Weekly
December 1, 2023
The U.S. Department of Labor, which investigated those three businesses, found a 37% national increase in the number of minors whose employment has violated federal labor laws in some way since 2021, according to the Economic Policy Institute.
Salt Lake Tribune
December 1, 2023