First, there are lessons to be learned from the prior recessions and how employees of color have fared. During the great recession, unemployment was highest among Black and hispanic employees, just as it was during every recession since ethnicity started to be tracked in the 1970s. Even when the economy bounced back, unemployment remained in the double digits for more than six years for Black employees. Moreover, according to the Economic Policy Institute, it took more than a decade for Black and Asian households to recover their prerecession median incomes.
Fast Company
February 24, 2023
The Ohio River Valley Institute says, according to the Economic Policy Institute, it costs about $58,000 for a family of three in Letcher County, KY to “attain a modest yet adequate standard of living.
WKYT
February 24, 2023
A 2022 American Federation of Teachers survey found 74% of educators dissatisfied with their job, up from 41% in 2020, and 40% said they planned to quit in the next one to two years. Teachers are also paid less than other college-educated workers and wages have remained relatively flat since 1996, the Economic Policy Institute found in August.
Forbes
February 24, 2023
Going in-depth, according to the Economic Policy Institute, families with two children in the Metro area spend an average of more than $600 a month on taxes. That data was collected using costs from 2020, so with inflation, we know that number is even greater now.
News Channel 5 Nashville
February 24, 2023
There is no reason why the department of labor allows this kind of unpaid labor to exist under the guise of offering interns valuable experience. First, the majority of unpaid interns spend their days taking coffee orders, answering phones, and making copies. The Economic Policy Institute found that many top business internships offered “no explicit academic or training component.” This work, while shameless and, often, thankless, should not be made illegal.
Hillsdale Collegian
February 24, 2023
The bill is endorsed by: American Civil Liberties Union, Brennan Center for Justice, Center for Law and Social Policy, Economic Policy Institute, Human Rights Watch, The Leadership Conference on Civil and Human Rights, National Employment Law Project, Safer Foundation, Southern New England Conference of the United Church of Christ, Tzedek Association, and Vera Institute of Justice.
Sen. Cory Booker
February 24, 2023
Though productivity is now higher than ever, compensation for workers has lagged far behind since the precipitous rise of U.S. neoliberalism in the 1980s; according to the Economic Policy Institute, while productivity has risen by 65 percent since the late 1970s, hourly pay has only risen by 18 percent. At the same time, CEOs, reaping the benefits of increased worker productivity, saw their pay skyrocket by a staggering 1,460 percent.
Truthout
February 24, 2023
As a counterweight to Brainard and the rest of the undertow, the reliably progressive Jared Bernstein was promoted to chair of the Council of Economic Advisers. This is a huge plus. Bernstein, former research chief of the Economic Policy Institute, served as Biden’s own economic adviser in the Obama Administration, here he was often the only progressive in a coven of neoliberals dominated by Summers.
American Prospect
February 24, 2023
During the Trump administration, the NLRB became an ally of corporate America. According to the Economic Policy Institute, it delivered on all top 10 demands to roll back workers’ rights issued in a U.S. Chamber of Commerce wish list.
Fortune
February 24, 2023
Robert Scott, a senior economist and Director of Trade and Manufacturing Policy Research at the Economic Policy Institute in Washington, D.C., stated that “growing imports eliminate existing jobs and prevent new job creation.” As low-cost imports from countries such as China and Vietnam become more prevalent, US-based goods-producing companies are finding it challenging to compete, leading to job losses and wage stagnation. Historically, goods-producing jobs have paid higher wages than service jobs, and the trend of manufacturing job losses has a negative impact on the living standards of workers.
Southern Maryland Chronicle
February 24, 2023