“Everyone is screaming about inflation,” said Josh Bivens, research director at the left-leaning Economic Policy Institute. But “people would really hate a recession too.”
Politico
July 8, 2022
The inflation we’re fighting right now is not just a simple story of supply and demand. It’s also a story of corporate power. A recent report from the Economic Policy Institute found that no less than 53.9% of the rise in prices can be attributed to increased corporate profit margins. In effect, this means that corporations across a variety of industries have used the hype over inflation to raise prices above and beyond what is necessary to make up for increased production costs. The result is that in a time of significant economic hardship for most Americans, corporations are more profitable than they’ve been in 70 years.
Fortune
July 8, 2022
“The fact is that sending an infant to day care in many places across the country could be significantly more expensive than in-state public tuition to send them to college,” Elise Gould, senior economist at the Economic Policy Institute, told CNBC.
Fortune
July 8, 2022
What’s with these mixed messages and what should we make of all of this? I talked to Elise Gould, a senior economist at the Economic Policy Institute and a co-author of The State of Working America, for her take on all of this.
CNN
July 8, 2022
Only 15 percent of child care workers receive health insurance, compared to about half of all workers in other occupations. About 1 in 10 child care workers are covered by a pension plan, compared with 39 percent of workers in other occupations, according to a report from the left-leaning think tank Economic Policy Institute.
WFYI
July 8, 2022
Moreover, higher minimum pay is unlikely to make inflation worse since low-wage jobs are not concentrated in industries that are fueling rising prices, according to David Cooper, director of the Economic Analysis and Research Network at the Economic Policy Institute.
CNBC
July 8, 2022
“By the time a recession is officially called, we’ll be either well into it or almost exiting,” said Josh Bivens, the director of research at the left-leaning Economic Policy Institute.
VOX
July 8, 2022
When your account balance is bigger because you’ve been saving money over decades of your working life, “even minor fluctuations in the market will swamp…. any effects of any additional contributions,” says Monique Morrissey, an economist at the Economic Policy Institute, a left-leaning think tank. In other words, it’s much more difficult to make up that $240,000 portfolio hit with contributions over a short period of time — especially if the market remains volatile.
Money
July 1, 2022
On the other hand, at least 16 states and Washington, D.C. have enacted laws that keep abortion legal. Asha Banerjee is an analyst at Economic Policy Institute. “When women are not able to complete their education, or get the job they want, this has severe economic consequences. Yes for them, but this loss of economic potential of possibility will have ramifications for the state economy, the national economy as well,” Banerjee said.
Newsy
July 1, 2022