Josh Bivens, director of research at the Economic Policy Institute, a progressive think tank, said inflation is hitting low-income families the hardest because so much of their household spending goes to essentials such as food, gas and housing expenses.
NBC News
July 15, 2022
The report, published by the Economic Policy Institute, was written by Sylvia Allegretto, a labor economist and research associate for the Economic Policy Institute; Emma García, senior researcher for the Learning Policy Institute; and Elaine Weiss, research associate for the Economy Policy Institute.
Education Week
July 15, 2022
A study from the Economic Policy Institute ranks Virginia 10th in the nation for most expensive infant care. Here, the median worker has to spend two-thirds of their earnings to afford care for one child.
Richmond Times-Dispatch
July 15, 2022
The current state of these efforts is outlined in an extensive new report from The Harvard Law School’s Labor and Worklife Program, the Economic Policy Institute and Local Progress.
Governing
July 15, 2022
While the federal minimum wage remains $7.25 an hour—unchanged since 2009—nearly half of states have raised their minimum wages so far this year, according to a recent report from the Economic Policy Institute.
Route Fifty
July 15, 2022
“A similar reading last month led to a large overreaction by many, including the Federal Reserve, who raised policy rates by 0.75 percentage points,” noted Josh Bivens, research director at the Economic Policy Institute. “There is even less reason this time to overreact to a hot inflation reading.”
Salon
July 15, 2022
As for wages, as Josh Bivens of the Economic Policy Institute points out, wage growth has been high but also lagging inflation, which means wages as a whole are reducing the overall inflation rate. “High” in this context means 4.4 percent, which may not sound like much, but is still better than the usual, pitiful lower levels.
In These Times
July 8, 2022
But industries sensitive to interest rate hikes, such as construction and manufacturing, particularly cars, could be vulnerable during a slowdown, according to Josh Bivens, research director at the Economic Policy Institute.
Boston Globe
July 8, 2022
As for solutions, the best way to combat the economy and inflation is to increase wages and the supply of houses. It is imperative that the United States’ federal minimum wage is increased. The last time the federal minimum wage was increased was in 2009, when it rose from $6.55 to $7.25 per hour. According to the Economic Policy Institute, the minimum wage has lost 21% of its value since then.
Knoxville News Sentinel
July 8, 2022