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
The 2% inflation target has been repeated so often by Fed officials and central bankers worldwide that it seems absolutely crucial to a healthy economy. But “the 2% inflation target, it’s relatively arbitrary,” said Josh Bivens, director of research at the Economic Policy Institute.
CNBC
February 24, 2023
As a share of the economy, the U.S. trade deficit in manufactured goods last year reached an all-time high of 4.7 percent. American companies bought $1.2 trillion more in manufactured goods than they sold to foreign customers, according to an analysis of U.S. government data by economist Rob Scott, a research associate at the Economic Policy Institute, a left-leaning nonprofit organization.
The Washington Post
February 24, 2023
But, “the 2% inflation target, it’s relatively arbitrary,” Josh Bivens, director of research at the Economic Policy Institute, told CNBC.
CNBC
February 24, 2023
Some workers are striking to improve the services they provide, said Jennifer Sherer at the Economic Policy Institute. When K-through-12 teachers in Columbus, Ohio, went on strike, “one of their demands was that the district invest equally across the school system upgrading facilities that were really affecting students’ learning conditions,” Sherer said.
Marketplace
February 24, 2023