Yet by one measure, employees aren’t doing as well as they did before the pandemic. Workers’ share of corporate earnings reached 75% in the first quarter, compared to 76% in the last three months of 2019, according to the Economic Policy Institute. Closing that one-point difference today requires $120 billion in higher wages.
Reuters
August 21, 2023
Economic Policy Institute: “The Inflation Reduction Act (IRA) was signed into law a year ago this week. It is widely seen as the crown jewel of the “industrial policy” agenda of the Biden administration. While no piece of legislation is perfect, the full potential of the IRA to deliver a radically better future is often underrated. In this post, we highlight many of the IRA’s huge steps forward and also talk about the unfinished agenda for securing faster, fairer, and greener growth in the U.S. economy.” [Blogpost, 8/14/23]
Economic Policy Institute: “Put simply, the IRA puts the U.S. on a path where meeting its global climate change commitments is within reach—commitments which would provide a genuine chance at securing a livable planet for future generations if they are kept. At the beginning of August 2022, there was no such path to secure this livable future, but there is now—and that is a mammoth victory.” [Blogpost, 8/14/23]
The White House
August 21, 2023
An inability to retain qualified and experienced professionals can have serious implications for the wider staffing of schools. A 2022 Economic Policy Institute report indicated that 23% of all U.S. public schools had at least 5% of their positions vacant during the 2021-22 school year. More than half of schools reported that those vacancies were due to resignations and 21% stated they were due to retirements.
Lancaster Online
August 21, 2023
For those seeking to delve deeper into the statistics and context surrounding the Black unemployment rate in the United States, additional information can be found through reputable sources such as the BLS or the Economic Policy Institute (EPI).
Black Wall Street Times
August 21, 2023
“Top companies now regularly disfavor qualified applicants who happen to be white or Asian,” he tweeted in June. “Time to restore colorblind meritocracy once and for all.”
Ramaswamy did not provide any evidence for his claim and did not respond to a question on the topic from the Guardian. Last year, a report by the Economic Policy Institute (EPI) found that “one of the most durable and defining features of the US labor market is the 2-to-1 disparity in unemployment that exists between black and white workers”.
The Guardian
August 21, 2023
Unpaid wages are a major problem across the state, especially in construction, hospitality, and domestic work. In a 2017 report, the Economic Policy Institute found that minimum wage workers in New York had nearly $1 billion in wages illegally withheld from them each year.
Press-Republican
August 21, 2023
Quotes Celine McNicholas. [Paywall].
Bloomberg Law
August 21, 2023
The number of workers who joined unions last year increased by 200,000, according to the Economic Policy Institute, a labor-backed think tank.
Governing
August 21, 2023
School districts around the country are grappling with an undersupply of educators. In fact, the teacher shortage could grow to 200,000 educators by 2025, according to data from the Economic Policy Institute, a nonprofit think tank.
Chicago Tribune
August 21, 2023
Chasing the dream of equity: How policy has shaped economic racial disparities, delves into how public policy and economic conditions have failed to heed the 1963 call for justice. Published by the nonpartisan Economic Policy Institute (EPI), the report reveals a disturbing economic landscape despite the enactment of a series of laws intended to bring economic parity for all.
“Many associate the March on Washington with Dr. Martin Luther King Jr.’s iconic ‘I Have a Dream’ speech,” said Adewale A. Maye, policy and research analyst at EPI and author of the report. “What is often forgotten, however, are the marchers’ urgent calls to raise the minimum wage, build affordable housing, and strengthen voters’ rights—sweeping reforms that could transform American lives. Although we have made strides in racial equity, there are miles to go before King’s dream is a reality.”
Afro News
August 21, 2023