The U.S. economy is facing headwinds from a possible government shutdown, student debt payments restarting, higher interest rates and an autoworkers’ strike, White House economic adviser Jared Bernstein said on Wednesday.
The economy will keep going in a “pretty good way” unless there is a policy mistake or exogenous shock, he added, speaking at an event at the Economic Policy Institute, a progressive think tank.
Reuters
September 29, 2023
The movement to sign the CROWN Act into law at the state level has gained momentum. As of 2023, 24 states and the U.S. Virgin Islands have enacted a related law, according to the Economic Policy Institute, including Massachusetts, New York, New Jersey, and most recently Michigan and Texas. The latter was the 24th state to implement the law, which officially went into effect on Sept. 1.
The Week
September 29, 2023
CEO pay in the US has grown 1,322% since 1978, according to the Economic Policy Institute. Such astronomical CEO pay is a very American problem. Not only do American CEOs far out-earn their workforces, they also out-earn their peers in other countries.
BBC
September 29, 2023
In contrast, the Economic Policy Institute, a left-leaning think tank, believes that strikes benefit workers. As with most controversial issues, the truth is likely in-between, and must be evaluated on a case-by-case basis, rather than with blanket, one-size-fits-all conclusions.
The Hill
September 29, 2023
But, the pay disparity is even larger than it initially appears. Across the U.S., auto manufacturing workers have seen real hourly wages fall by more than 19% since 2008, according to the left-wing Economic Policy Institute.
The Messenger
September 29, 2023
The country’s shifting demographics were at play in the broader trend, said Elise Gould, a labor economist at the Economic Policy Institute, a think tank that studies policies for low- and middle-income workers. Many people just starting out in their career are from growing Black, Hispanic and Asian populations, who are entering the workforce just as more tenured White employees retire.
Bloomberg
September 29, 2023
As of July 2023, more than 20 states have enacted legislation to combat race-based discrimination against hair texture and protective hairstyles, according to the Economic Policy Institute.
CNN
September 29, 2023
Research by the US-based Economic Policy Institute (EPI), however, shows that image is wildly out of date, with bookings increasingly concentrated on a small number of professional landlords who act like “miniature hotel companies”.
The Guardian
September 29, 2023
The number of minors in child labor violations has increased by 283% since 2015, according to the Economic Policy Institute. According to the US Department of Labor, over 800 companies illegally employed children in the last fiscal year, and one meatpacking company was fined for employing children across 13 different plants.
The Guardian
September 29, 2023
What she neglected to mention, however, is the fact that the UAW asked for the 40 percent wage boost, over a number of years, to make union members whole after they sacrificed earnings, cost-of-living increases, and benefits to keep the auto companies afloat during the Great Recession. According to the Economic Policy Institute, “auto manufacturing workers have seen their average real hourly earnings fall 19.3 percent since 2008.”
The Nation
September 29, 2023