In fact, corporate profits at nonfinancial companies account for more than half of recent price growth, according to the progressive Economic Policy Institute.
In These Times
September 23, 2022
The book tells the story of how this change came about, through the work of people like Joseph Stiglitz and groups like the Economic Policy Institute. It’s a really important change because it rejects the assumption of classical economics that left alone, the market will find equilibrium. No—the state has to play an evening-out role.
September 23, 2022
But the reduction in supply was met with increased demand as Americans started purchasing durable goods to replace the services they used prior to the pandemic, said Josh Bivens, director of research at the Economic Policy Institute. “The pandemic put distortions on both the demand and supply side of the US economy,” Bivens said.
CNET
September 23, 2022
Dynamism can be defined as change, advancement and a restless entrepreneurial spirit, said Heidi Shierholz, president of the Economic Policy Institute.
Ever since the Great Recession and the mass layoffs of 2008, workers grew security-oriented, hanging onto jobs and staying put, Shierholz said.
NPR
September 23, 2022
Here are five critical actions to take today:
- End the teacher pay penalty:Raise base teacher pay by 24.5%. That is the difference when you compare teacher salaries to non-teacher college graduates, calculated by the Economic Policy Institute. We should address this immediately to support current and future teachers. For a beginning teacher, this would increase pay from $37,000 to $46,065. It would move the state from being in the bottom 10 to the top 20 states in terms of beginning teacher pay. It would make us No. 1 in the South and help to reduce the flow of teachers to other states, and ideally attract teachers to North Carolina.
EdNC
September 23, 2022
Despite the fact that higher interest rates are supposed to limit intra-bank loans and thus create new money, the Economic Policy Institute found in an April study that corporate profits accounted in the last two years for 54% of inflation in the US. This means that the problem is price speculation, not overeager lenders.
Al Mayadeen English
September 23, 2022
While stimulus checks did increase consumer spending in 2020 and 2021, other experts have noted that inflation is a global issue, and is occurring in countries that didn’t send out stimulus checks.
Josh Bivens, director of research for the left-leaning Economic Policy Institute, told NPR that corporate profits have contributed to increasing prices at least as much as stimulus checks.
There’s been an acceleration of core inflation across every advanced economy, even the ones that did very, very little fiscal relief,” he said.
“And so I think the evidence linking specific Biden-era policies to the surge in inflation is just really, really weak.”
The Sun
September 23, 2022
According to the Economic Policy Institute, an independent, nonprofit think tank that researches the impact of economic trends and policies on U.S. workers, employers are charged with violating federal law in 41.5% of all union election campaigns. While Sections 7 & 8(a) of the National Labor Relations Act clearly enumerate the rights of workers to unionize and identifies employer illegal interference, NLRB law on what constitutes an unfair labor practice is extensive and evolving.
The Journal Record
September 23, 2022
By contrast, per the Economic Policy Institute, 42 percent of Home Depot workers make less than $15 an hour, or $31,000 a year for a full-time worker. Most of its workers — 68 percent — make between $12 and $18 an hour, close to or below the city’s $17.87 living wage for a single worker with no kids, as calculated by the Massachusetts Institute of Technology’s living wage calculator.
Truthout
September 23, 2022
Top of mind for many contemplating the career amid a recession is compensation. Teachers’ weekly wages have remained relatively flat for 25 years; and educators earn about 24% less than peer grads, according to an August Economic Policy Institute report that looks at wages through 2021.
The 74
September 23, 2022