But job cuts do affect some groups more than others, said Valerie Wilson at the Economic Policy Institute.
“We know that the Black unemployment rate is typically double the white unemployment rate. And we see that it rises faster, rises sooner, rises higher.” She added that this disparity raises questions about how companies conduct layoffs.
Marketplace
September 23, 2022
The group shared an Economic Policy Institute analysis from 2019 indicating that increasing the minimum wage to $15 an hour would help 150,000 Nebraska workers.
Nebraska Examiner
September 23, 2022
But part-time work doesn’t just reduce your earnings in proportion to full-time work. Part-time positions tend to pay nearly 30% less per hour than equivalent full-time roles, according to a report published by the Economic Policy Institute. That has a ripple effect on finances—whether that be emergency funds, retirement contributions, or overall financial security. Part-time work can also potentially stall women’s career trajectories.
Fast Company
September 21, 2022
Josh Bivens of the Economic Policy Institute notes that the U.S. economy is already contracting, with housing starts plummeting, which will cause construction jobs to decline. At the same time, the unusually strong dollar — at or around par with the euro for the first time in years — is reducing demand for U.S. exports. Continuing to raise rates could be “really damaging,” he says.
Salon
September 21, 2022
Many states have loosened the job criteria throughout the years to try to solve the shortage, but critics are alert to the consequences these actions may bring. A research study from the Economic Policy Institute shows that high-poverty schools have less-experienced and less-qualified teachers than wealthier ones, meaning that teacher shortages are more acute in high-poverty schools. Much more than just a teaching crisis, this situation is also a racial and ethnic matter.
Al Dia News
September 21, 2022
Last week, the Private Equity Stakeholder Project in conjunction with Americans for Financial Reform Education Fund, two nonprofit organizations, released a “private equity scorecard,” a report that listed and graded the top eight private equity buyout firms invested in oil and gas. The Private Equity Stakeholder Project puts out information and data related to private equity’s impact on housing, healthcare, climate and energy, and civil rights. Americans for Financial Reform Education Fund is an activist group focusing on developing a “fair and just” financial system. It is a coalition of over 200 national organizations, including the American Sustainable Business Council, Economic Policy Institute, and the Center for Economic Progress.
Institutional Investor
September 21, 2022
“Though there were more jobs in 2022, families were certainly more squeezed by rising prices,” said Elise Gould, senior economist at the left-leaning Economic Policy Institute. “And so the disappearance of this child tax credit would have hurt more.”
CNN
September 16, 2022
But the concept has drawn much criticism — for being a misnomer, for example. Or for overshadowing the “quiet firing” trend, where companies passively aggressively make their employees’ work lives unhappy, and “quiet fleecing,” which refers to workers’ pay lagging behind their increased productivity for decades.
OPB
September 16, 2022
Another factor that has contributed to many teachers leaving the field: lack of competitive pay. In August, the Economic Policy Institute released data that found teachers make about 23% less in their profession than “comparable college graduates” in other fields. This low pay, combined with teaching during a pandemic and other stressors, has caused many teachers to resign.
Teen Vogue
September 16, 2022