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However, other economists are more optimistic about the outlook in light of the support provided by the Biden administration. “Historically, these manufacturing industries are more interest-rate sensitive than services sector industries, but I think there is enough going on with policy support and private sector investments that will be [supportive] regardless of what is going on in these areas,” said Adam Hersh, senior economist at the Economic Policy Institute, a Washington-based think-tank. “It’s really creating the demand to drive this forward.”
Financial Times
July 14, 2023
The median Wisconsin child care worker must spend 59% of their earnings to put their own child in infant care, the Economic Policy Institute found.
PBS Wisconsin
July 14, 2023
In an attempt by the think tank to find a model for sustainable growth of the U.S. economy, a new initiative proposed Thursday by the Economic Policy Institute would require companies to go back to naming products by combining what they do with the suffix “O-Matic.” “Our research shows that businesses create more value for the American economy when they take a word that describes what they do—say, investing—and then, in that case, make their brand name Invest-O-Matic,” said EPI senior fellow Ronald Wong, who found the suffix could increase company revenues by 400% within the first year after its adoption, and sometimes more if the number 5000 was placed at the end of the name.
The Onion
July 14, 2023
Her solutions matrix has its origins in more than two decades of experience of working with affordable-housing developers and local government officials. She co-wrote the book with her father Richard Rothstein, a distinguished fellow at the Economic Policy Institute. Their work is a sequel to the elder Rothstein’s The Color of Law: A Forgotten History of How Our Government Segregated America.
American Prospect
July 14, 2023
The death comes amid a push over the last two years to loosen regulations governing what jobs minors can perform in the workplace. Lawmakers in 14 states — including Wisconsin — have proposed rolling back child labor laws, according to the nonprofit Economic Policy Institute.
“The trend reflects a coordinated multi-industry push to expand employer access to low-wage labor and weaken state child labor laws in ways that contradict federal protections,” the organization wrote in a May blog post. “And the recent uptick in state legislative activity is linked to longer-term industry-backed goals to rewrite federal child labor laws and other worker protections for the whole country.”
Wausau Pilot and Review
July 14, 2023
Experts differ on what constitutes a living wage. The Economic Policy Institute estimates that an individual needs to make $49,000 a year to live in metropolitan Los Angeles. MIT’s living wage calculator lists an average for one childless adult at $21.53 an hour. A recent federal report said workers “earning the federal or prevailing state or local minimum wage” cannot afford a modest two-bedroom rental home at fair market rent anywhere in the United States.
LA Times
July 14, 2023
In the wake of Black Lives Matter protests calling for justice following the 2020 murder of George Floyd, right-wing backlash has taken concrete form in highly coordinated campaigns against books, programs, or curricular resources designed to analyze and address systemic racism, sexism, and homophobia. Over the past two years in state legislatures across the United States, campaigns targeting a caricatured version of “critical race theory” (CRT) have evolved into intertwined attacks on truth itself and the workplace rights of teachers, librarians, and other educators.
Common Dreams
July 14, 2023
And is your portfolio size large enough for this strategy to succeed? The Economic Policy Institute recently reported that the median retirement savings for Americans was about $95,000. That amount of money would not produce nearly enough dividend or interest income to provide what ChatGPT calls a “steady cash flow while potentially preserving your principal.”
The Street
July 14, 2023
Last year 120,600 workers nationwide participated in major strikes (work stoppages involving 1,000 workers or more), a 50% increase over 2021 but a fraction of the strike activity during its height in the 1970s, according to the Economic Policy Institute.
CalMatters
July 14, 2023