“Millions of people are entering their retirement years with insufficient savings to cover basic expenses and medical bills,” the new analysis from the Economic Policy Institute (EPI) notes. “In response, some policymakers have proposed that older Americans could delay retirement to increase their savings.”
But this ostensible fix “overlooks the large group of older Americans who work in difficult conditions—ranging from the physically demanding to the outright dangerous,” EPI points out. “If older Americans endure difficult conditions that often force earlier exits from the workplace, proposals to delay retirement make little sense.”
Common Dreams
May 19, 2023
Thus far, most of the regulatory scrutiny has focused on the possibility that reduced competition would mean higher grocery prices for shoppers. But a report released this month by the Economic Policy Institute (EPI) reveals that the deal could have a major impact on the wages of grocery store workers. According to the EPI report, the proposed merger would “reduce the number of outside employment options available to workers, lowering grocery store workers’ annual wages by a total of $334 million.” That works out to about $450 less annually per worker, which is a significant reduction for a workforce already hovering at or below the poverty line.
Popular Information
May 19, 2023
The Bureau of Labor Statistics identified three main culprits behind inflation since 2020 — energy price volatility, backlogs resulting from supply-chain issues, and price changes in auto-related industries. Separate pieces of research from the Federal Reserve Bank of Kansas City and the left-leaning Economic Policy Institute have shown that increased corporate profits have also been contributing to inflation.
Investment News
May 19, 2023
The Economic Policy Institute, a research group, said the difference between teacher pay and pay for college-educated people in other professions reached a record 23.5 percent in 2021.
Voice of America
May 19, 2023
The regulatory advocacy group and 19 other organizations—including the Service Employees International Union and the left-leaning think tank Economic Policy Institute—have recently asked OSHA to protect employees’ mental health by limiting electronic surveillance and production quotas.
Bloomberg Law
May 19, 2023
Thanks to inflation and congressional inaction, the minimum wage now has less purchasing power than any point in time since 1956, according to the Economic Policy Institute. When Congress fails to raise the federal minimum wage despite skyrocketing costs of living, the job falls on state and local governments. At least 30 states and 50 cities and counties have raised the minimum wage past $7.25.
Truthout
May 19, 2023
Illian argued investors benefit from income equality — and pointed to a study conducted by the Economic Policy Institute that found income inequality drags on GDP by 2% to 4% a year.
CNBC
May 19, 2023
According to the Economic Policy Institute, one of the most egregious rollbacks was recently signed into law by Arkansas Gov. Sarah Huckabee Sanders.
Truthout
May 19, 2023
A recent study from the Economic Policy Institute shows the Class of 2023 is graduating into a stronger labor market for young workers, as measured by lower unemployment and underemployment rates, than the year prior’s graduating class. The youth unemployment rate for young people, ages 16 to 24, hit 7.5% in March, a 70-year low, the study found. The figure also reflects a downtick in the overall U.S. unemployment rate, which fell to 3.5% during the same period, Bureau of Labor Statistics data shows.
“The very low [youth] unemployment rate now is incredibly striking,” EPI Senior Economist Elise Gould told CBS MoneyWatch.
CBS News
May 19, 2023
“The indication is that the White House is not giving up,” said Celine McNicholas, a lobbyist for the left-leaning Economic Policy Institute.
Bloomberg Law
May 19, 2023