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“I am optimistic that we are getting a soft landing — that we are already seeing inflation moderate dramatically and we will continue to see inflation moderate and not see a big rise in unemployment,” said Heidi Shierholz, a former chief economist at the Department of Labor who is now director of policy at the Economic Policy Institute. “If we do have a recession, it will have been a policy failure. It will have been because the Fed raised rates too much,” she added.
Financial Times
July 31, 2023
The report also found that workers in lower-wage jobs are up to 14 times more likely to need to change occupations than those in highest-wage positions — another factor that doesn’t bode well for women. According to the Economic Policy Institute, women are paid roughly 22% less than men.
Entrepreneur
July 31, 2023
“It’s almost like wartime change in the composition of demand,” Josh Bivens, chief economist of the left-leaning Economic Policy Institute, told me. “We tried to shove a bunch of that demand into sectors whose global supply chains were collapsing because of Covid.”
VOX
July 31, 2023
Others counter that the disparities in racial and ethnic achievement in the workplace remain so large that they need to remain a focus for employers. For example, the typical Black worker earned 24% less than their white counterpart in 2019, according to a report by the Economic Policy Institute, a liberal think tank based in Washington. And that gap was larger than the 16% gap in 1979, even though African Americans have narrowed the Black-white gap in high school and college completion during that time.
Christian Science Monitor
July 27, 2023
Since 2021, seven states have passed laws to lower the minimum age for serving alcohol in restaurants. Some of those laws decrease the threshold to 16, 17 or 18. There’s now a proposal in Wisconsin to lower the age all the way to 14. So where is this coming from?
“The restaurant industry was hit pretty hard during the pandemic,” said Nina Mast, an analyst at the liberal Economic Policy Institute. She recently authored a report about states lowering age limits for alcohol service positions.
“And employers are really looking for ways to fill these positions in the industry with younger workers and workers they can pay lower wages,” she said.
Mast means teens. Her organization has tracked ways the food service industry has already violated child labor laws — from overly long hours to hazardous working conditions. Millions of young people are already working in the industry.
Marketplace
July 27, 2023
As the entire neoliberal paradigm has been impeached, both by dissenters and by reality, mainstream foundations are now investing heavily in thinkers and institutions whom they touched only gingerly, if at all, not so long ago.
As these heterodox ideas have triumphed, they have helped spawn a far larger, younger, and less lonely cohort of activists and critics. I could spend the rest of this post listing names: Lina Khan, Barry Lynn, Ganesh Sitaraman, for starters, and the entire Economic Policy Institute network.
The American Prospect
July 27, 2023
Cites EPI research.
Since 1980, most American workers have seen modest income growth, but income for the top 1% has grown much faster. Lindsey Reiser traveled to Ohio and Florida for Meet the Press Reports to hear from different families, sharing similar struggles, about what constitutes a living wage.
NBC News Meet The Press
July 27, 2023
The impact on essential workers is equally troubling. During the global health crisis, these dedicated workers kept stores open and communities fed, yet they may now face the risk of wage cuts or job losses. The Economic Policy Institute warns that one in four grocery workers in the United States, regardless of the chain they work for, could see their wages lowered if this merger is approved.
Times of San Diego
July 27, 2023
The left-leaning Economic Policy Institute has found that 21 million workers make below $15 an hour….
Business Insider
July 27, 2023
Despite these obstacles, a labor resurgence seems to be gaining momentum nationally, particularly among young and immigrant workers. In some service and other low-wage industries, organizing drives are proliferating. High-profile union campaigns at Starbucks, Amazon, Trader Joe’s, Recreational Equipment, and other major employers are making headlines. [Shierholz 1/19/2023]
Counterpunch
July 27, 2023