After all, the economy might not need to slow down, pointed out Josh Bivens, chief economist at the Economic Policy Institute.
“Like, I think the unemployment rate we have today, I don’t think it’s too low. I don’t think it’s causing undue inflationary pressure; I think it’s mostly causing pretty good wage growth,” he said.
Marketplace
June 2, 2023
The average cost of child care is $15,394 a year in New York, the 6th most expensive state in the nation, according to a recent report by the Economic Policy Institute.
The Center Square
June 2, 2023
During the hearing, Padilla heard testimony from Daniel Costa, Director of Immigration Law and Policy Research at the Economic Policy Institute, and Diana Tellefson Torres, Chief Executive Officer of the United Farm Worker Foundation.
Padilla began his remarks by highlighting how farmworkers work long hours, often in dangerous conditions, to keep food on the table for the country. He then asked Mr. Costa how providing a pathway to legalization for farmworkers could bolster the U.S. economy. Mr. Costa responded by saying that if the undocumented workforce were granted a path to legal status, they could contribute to our workforce more easily and pay additional taxes.
Sierra Sun Times
June 2, 2023
The average CEO at a top U.S. company was paid $27.8 million in 2021, including stock awards — 399 times as much as the typical worker — according to research published by the Economic Policy Institute.
CNBC
June 2, 2023
Elise Gould, a labor economist at the Economic Policy Institute, a left-leaning think tank, said that the coronavirus stimulus packages enacted by the government have helped create consumer demand that has carried the labor market through a storm of economic uncertainty.
The Washington Post
June 2, 2023
Union membership is half what it was in 1983, according to the Bureau of Labor Statistics. Not coincidentally, the decline in union membership tracks with the increase in income inequality, as this fact sheet from the Economic Policy Institute shows. The best news in the post-pandemic economy is that low-income workers have seen steady gains in both employment and wages, as the pandemic brought back classic Keynesian policies. President Joe Biden needs to be out celebrating that fact every day.
National Catholic Reporter
June 2, 2023
The Economic Policy Institute found that right-to-work states paid workers 3.2% less than states without those laws. Such workers also were less likely to have employer-sponsored health care and pension coverage.
“RTW laws have nothing to do with whether people can be forced to join a union or contribute to a political cause they do not support; that is already illegal,” EPI noted. “Nor do RTW laws have anything to do with the right to have a job or be provided employment. At their core, RTW laws seek to hamstring unions’ ability to help employees bargain with their employers for better wages, benefits, and working conditions.”
Iowa Starting Line
May 24, 2023
“Since the era of slavery, the dominant view of Black women has been that they should be workers, a view that contributed to their devaluation as mothers with caregiving needs at home,” wrote economics professor Nina Banks in a 2019 article for the Economic Policy Institute. “African American women’s unique labor market history and current occupational status reflects these beliefs and practices.”
Civil Eats
May 24, 2023
Epperson’s early experience was typical of many exhausted employees working long hours just to get by. According to a report from the Economic Policy Institute, the lowest-earning quintile of Americans worked nearly 25 percent more hours in 2016 than they did in 1979. As wages have stagnated for low-income Americans, they’ve had to work more hours to make ends meet.
The Atlantic
May 24, 2023