“Policymakers and advocates must recognize that the fall of Roe is an economic issue and would be one more victory for the economics of control and disempowerment – low wages, little worker power, and rising disinvestment,” according to a report from the Economic Policy Institute. “Reproductive justice is key to economic justice and protects women’s humanity, dignity, and the right to exert freedom over their own choices in the economy.”
The Independent
October 7, 2022
… automation can be a good thing for the economy in the long run, said Josh Bivens, research director at the Economic Policy Institute. (paywall)
LA Times
September 30, 2022
The inadequacy of wage growth is shown by two other factors. One is the disconnect between productivity growth and wage growth. The two factors marched along together from 1948 until 1979, as the labor-oriented Economic Policy Institute has shown. Since then, the gap between them has grown: From 1979 through 2020, U.S. productivity advanced by 61.8%, but average wages grew by only 17.5%.
LA Times
September 30, 2022
“The lowest-income households, say bottom 20%, tend to not carry a ton of debt having incomes too low often to even qualify for significant loans,” L. Josh Bivens, research director with the left-leaning Economic Policy Institute (EPI), said in an email.
USA Today
September 30, 2022
Rob joins BBC to discuss the impact of Fed Policy on currency values. WeTransfer link included.
BBC
September 30, 2022
The inadequacy of wage growth is shown by two other factors. One is the disconnect between productivity growth and wage growth. The two factors marched along together from 1948 until 1979, as the labor-oriented Economic Policy Institute has shown. Since then, the gap between them has grown: From 1979 through 2020, U.S. productivity advanced by 61.8%, but average wages grew by only 17.5%.
LA Times
September 30, 2022
Although, an increase to $15 an hour would absolutely suffice. According to the Economic Policy Institute, raising the federal minimum wage to $15 by 2025 will increase the incomes of around 32 million workers by an average of $3,300 annually.
This comes from the idea that if these 32 million workers were able to make more money, they would have more disposable income to spend at small businesses, therefore generating more income for the business overall. With this disposable income, the Economic Policy Institute estimated that for every $1 paid to a low-income worker, $1.21 is added back into the gross domestic product (GDP).
The Economic Policy Institute projected that in 2025, a single adult with no children would need to work full time and make $18.50 per hour to stay above the poverty line in rural areas of Alabama and Mississippi.
The Daily Cardinal
September 30, 2022
With a more robust social services net, greater numbers of high-quality jobs across the economy and a comprehensive plan for transitioning automated-out workers to new job, automation can be a good thing for the economy in the long run, said Josh Bivens, research director at the Economic Policy Institute.
“Automation is mostly opportunity,” he said. “It’s opportunity we need to manage better than we have, but I think blaming it for problems in inequality … really takes the blame off where it should be,” which is on concrete policy decisions that were the actual drivers, he said.
LA Times
September 30, 2022
A study by the Economic Policy Institute showed disparities are still prevalent in paid leave, specifically sick time, in America.
The EPI report used data from the U.S. Bureau of Labor Statistics to identify trends in employer benefits throughout the country, and found more than 60% of “low-wage workers” still live without the ability to paid for sick time.
“The highest-wage workers (top 10%) are two-and-a-half times as likely to have access to paid sick leave as the lowest-paid workers (bottom 10%),” the report stated.
The data emphasizes the need for not only sick leave, but paid leave of all kinds, something Will Petrik, budget researcher from Policy Matters Ohio, said should be common sense for Ohio.
Ohio Capital Journal
September 30, 2022