“I think that this recovery was tremendous compared to any recovery in recent history because of the scale of the investments that were made by policymakers,” said Elise Gould, senior economist at the Economic Policy Institute, pointing to the child tax credit as one example that helped fuel the strong recovery. “So I think the incredible bounceback that we saw in employment and wage growth was driven directly from, in large part, to the kinds of investments that policymakers made in things like shoring up the unemployment insurance system, making that stronger, making it a better safety net for many workers.”
States Newsroom
May 12, 2023
The Economic Policy Institute said in an October report that “exorbitant CEO pay is a contributor to rising inequality that we could restrain without doing any damage to the wider economy.”
Winston-Salem Journal
May 12, 2023
Some economists also remain skeptical of the researchers’ findings that St. Paul’s minimum wage increases, which didn’t start taking effect until 2020, led to job losses in 2018 and 2019 as employers anticipated the coming changes. Ben Zipperer of the Economic Policy Institute called that finding “completely implausible.”
Minneapolis Star Tribune
May 12, 2023
The left-leaning Economic Policy Institute has released a study arguing that wealth for the top 1 percent has grown by double digits while falling for the remaining 99 percent.
Providence Magazine
May 12, 2023
However, there are reasons to believe Hoyt’s model may show a real trend. The topsy-turvy pandemic era job market has helped out the lowest-paid workers quite a bit: Between 2019 and 2022, wages for the bottom 10% of workers grew 9% after adjusting for inflation, an analysis by the Economic Policy Institute, a progressive think tank, found.
Investopedia
May 12, 2023
“It’s true that probably the average Starbucks worker or somebody like that is not likely to need or be able to afford one-on-one, bespoke financial advice,” said Monique Morrissey, an employee benefits economist at the Economic Policy Institute, a nonprofit think tank in Washington, D.C. “But they are an audience for more broad-based, general advice.”
Financial Planning
May 12, 2023
“This has to be viewed on largely as simply the latest multi-industry attempt and moment of opportunity that they’re seeing where they have very significant influence in some state legislatures to, once again, try to roll back standards,” Jennifer Sherer, Economic Policy Institute senior state policy coordinator, told Cheddar News.
The number of instances of child labor exploitation has surged in recent years. There were 1,012 minors found to be employed in violation of labor laws in 2015 and 355 employed in violation of hazardous occupation orders that year,
according to the Economic Policy Institute. Hazardous occupation orders are intended to prevent kids from working dangerous jobs like mining, roofing, or working with heavy machinery. By 2022, 3,876 minors were found to be working in violation of labor laws and 688 in violation of hazardous occupation orders.
Cheddar
May 12, 2023
Landing in the top 10% is a fairly attainable goal for upwardly mobile Americans. A study by the Economic Policy Institute (EPI) found that the average earnings of those in the top 10% were roughly $173,000 in 2020.
MoneyWise
May 12, 2023
The people most affected by wage exploitation include Ivan Flores, who worked 17-hour days for a local landscaper but never got paid overtime.
In fact, between 2017 and 2020, the Economic Policy Institute estimated U.S. workers lost out on $3 billion in wages due to unfair business practices. Often, the workers are in fields like food service and construction.
WREG
May 12, 2023
Heidi Shierholz, president of the Economic Policy Institute, called the new CPI data “good news for working people,” noting that “inflation is nearly back to pre-recession rates, while the unemployment rate is at 50-year lows.”
Common Dreams
May 12, 2023