That’s likely in part because many people still have more savings than they did before the pandemic, said Josh Bivens at the Economic Policy Institute.
“And plus, we still have a very strong job market, I think inflation’s convinced people this is a terrible economy for people,” he said.
But, he said, it’s not — unemployment is low and there are still a lot of jobs to be found.
Marketplace
November 10, 2022
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Inflation was always going to go up for a certain period of time after nearly half a century of easy money and outsourcing came to an end. Biden’s fiscal spending has little to do with the larger paradigm shift we are going through. And yet, Democrats are taking the heat for inflation, which is making it difficult for them to message all their gains. So, what do to? I’d suggest Democrats focus more on how they, not Republicans, are trying to rein in corporations. Josh Bivens, director of research for the left-leaning Economic Policy Institute, posted a blog that everyone should have a look at. As he puts it:
Financial Times
November 10, 2022
In an attempt to turn the inflation conversation on its head, Sanders has framed the problem as a result of corporate greed, and there is some evidence to support his theory. One analysis released in April by the Economic Policy Institute, a left-leaning thinktank, concluded that about 54% of inflation could be attributed to increased corporate profits.
The Guardian
November 10, 2022
Unfair labor practice charges against employers can be common when unionization efforts are underway, with the prevalence of the charges generally increasing as the size of the bargaining unit gets larger, according to the Economic Policy Institute. For a bargaining unit representing more than 60 employees, more than half (54.4%) of employers have been charged with violating federal law, according to an analysis by the independent, nonprofit think tank.
Employers have a range of legal and illegal tactics to discourage unionization, and there’s a growing trend of employers hiring “union avoidance” consultants, the Economic Policy Institute noted.
Grocery Dive
November 10, 2022
Specifically, the document says that “studies by the Economic Policy Institute and Roosevelt Institute demonstrate that profits contributed more to price growth in the United States from mid-2020 through the end of 2021 than at any other point from 1979 to the present—and continue to contribute markedly today. This is especially true in highly concentrated industries.”
Common Dreams
November 10, 2022
The Economic Policy Institute, a left-leaning think tank in Washington, in April called for an temporary tax on excess corporate profits. Porter, the California congresswoman, often cites an analysis by the institute that says 54 cents of every $1 in price increases is due to profit padding rather than higher labor or other input costs.
Minnesota Star Tribune
November 10, 2022
The reasons black Americans have higher jobless rates than white people fall into several categories. The Economic Policy Institute reports that among the primary reasons are “racism” and single adult households where one person tries to care for children and hold a full-time job simultaneously.
24/7 Wall St.
November 10, 2022
The union spoke with employees and used tools such as MIT’s Living Wage Calculator and the Economic Policy Institute’s Family Budget Calculator to arrive at the $18 figure, though it notes “most workers need to make much more than that to cover their necessities.”
Orlando Sentinel
November 10, 2022
“You’re basically baking those kinds of discrimination into people’s wages,” said Elise Gould, senior economist at the left-leaning Economic Policy Institute.
Politico
November 10, 2022
To close the gap, the state must increase teacher pay, Bishop said, referencing an Economic Policy Institute study that showed teachers were paid more than 30% less than other college graduates.
The Norman Transcript
November 10, 2022