According to a report by the Economic Policy Institute, the high-road scenario for cannabis legalization offers the industry an opportunity to be a model of good jobs. Through unionization, the report outlines how existing unionized cannabis businesses are benefiting from a formalized workers’ voice.
Forbes
November 23, 2022
The other concern offered by opponents to the minimum wage increase is that it is inflationary, and we are already having a problem with inflation. Open Sky cites research from the Economic Policy Institute, showing that raising the minimum wage to $15 over five years would increase overall price levels by less than 0.1% per year.
Star-Herald
November 23, 2022
Features Heidi discussing what sweeping tech layoffs mean for the economy.
Today Show
November 23, 2022
It’s things like this—the decades-long trend of companies shifting the finances of retirement off their balance sheets and onto the backs of their workers—that mean millions have to keep working whether they’d like to or not. However, notes a sweeping report by the Economic Policy Institute (EPI), a Washington, D.C.-based nonprofit, nonpartisan think tank, “many face barriers to working longer and lack access to decent jobs with decent pay. Older workers who cannot afford to retire often face diminishing job quality and earnings as a result of loss of bargaining power.”
MarketWatch
November 23, 2022
The Fed policies increase “the cost of a home loan mainly through increasing the monthly payment that a family will have to pay, which is just exacerbating an affordability crisis that we’ve already had,” Kyle Moore, an economist with the Economic Policy Institute’s Program on Race, Ethnicity, and the Economy, told theGrio.
The Grio
November 23, 2022
The fact that this figure hasn’t changed since 2009 (in spite of record-high inflation) caused wages to reach their lowest real value (when accounting for inflation) in 66 years, according to the Economic Policy Institute. But, per the investigation, Krispy Kreme failed to meet this less-than-$11 compensation for 516 employees working overtime. (Yikes.)
Tasting Table
November 23, 2022
In this year’s midterm elections, voters showed a strong level of support for progressive ballot measures across the country. These victories were tempered by the defeat of worthwhile ballot measures in some states and the uncertainty of progress under a divided Congress. Nonetheless, voters across the country approved minimum wage increases, protected access to abortion, supported cannabis legalization, and approved measures to increase housing affordability and promote good union jobs.
Though much work remains to be done to enact a progressive economic agenda, this midterm election showed clear signs of support for a policy agenda that prioritizes economic, racial, and gender justice for working families.
Common Dreams
November 18, 2022
The Wall Street Journal hosted a panel discussion that featured two advocates who favor expanding the H-1B program and one critic who urges major reforms. The advocates, David Bier, the Cato Institute’s immigration studies associate director, and Theresa Cardinal Brown, the Bipartisan Policy Center’s managing director of immigration and cross-border policy, argued that the H-1B visa cap should be increased and that their labor market presence makes America a more prosperous place.
The critic, Dr. Ron Hira, Howard University, political science associate professor and Economic Policy Institute research associate, countered that the rigged H-1B system is a transfer-of-wealth scam that makes the employers wealthy winners, and the workers, low-wage losers. Dr. Hira added that employers aren’t required to prove that a U.S. worker shortage exists before hiring an H-1B, that H-1B workers’ wages are set too low, and that the compliance system doesn’t hold employers accountable. “Guest-worker programs are supposed to fill domestic labor shortages. The H-1B program does not fill shortages,” Dr. Hira said.
Highland County Press
November 18, 2022
That brings me to the city’s 20,000-unit housing shortage. As landlords chase those higher returns, “the Airbnb effect” on the local market — as studied by the non-partisan U.S. think tank Economic Policy Institute — creates more costs than benefits.
“The costs to local renters and local jurisdictions likely exceed the benefits to travelers and property owners,” the 2019 report found.
Dallas Morning News
November 18, 2022
“The 2022 midterms prove that Democrats can beat Republican extremism by fighting for working people and making our democratic values clear,” Warren (D-Mass.) said at EconCon Presents, a meeting co-hosted by Demos Action, Economic Policy Institute Action, Economic Security Project Action, Groundwork Action, Omidyar Network, and Roosevelt Forward.
Common Dreams
November 18, 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
November 18, 2022
In deep red Nebraska, they won a state minimum wage hike to $15 an hour by 2026, up from the current $9 an hour. The National Employment Law Project and the Economic Policy Institute estimate this action will benefit about 150,000 Nebraskans.
Inequality.org
November 18, 2022
Massachusetts voters passed a “millionaires tax” at the ballot box on Election Day in an apparent reaction to the state’s growing income disparities. The Economic Policy Institute ranks the state as the sixth-worst in the country when it comes to income inequality.
Maine Beacon
November 18, 2022
Visa workers must be paid a prevailing wage, which has four tiers. But the prevailing wages allow salaries below the median wage for an occupation. A 2020 study by the Economic Policy Institute (EPI), a think tank in Washington, D.C., found that 60% of H-1B positions certified by the U.S. Dept. of Labor pay wage levels below the local median. Hira and Daniel Costa, director of immigration law and policy research at EPI, conducted the research.
Tech Target
November 18, 2022
That 2019 Democratic news release cited a 2015 study from the Economic Policy Institute that found that wages in Right to Work states were 3.2% lower on average than wages in states without the law.
The Center Square
November 18, 2022
That could be because 14% of workers in the US didn’t have access to sick leave as of this March, according to the Bureau of Labor Statistics. When it comes to low-wage employees, over 60% don’t have access to sick leave, according to a September study from the Economic Policy Institute.
Business Insider
November 18, 2022
As McDevitt noted, the telecom workforce had been shrinking for a long time before the pandemic hit. According to data analyzed by the Economic Policy Institute, the number of telecommunications employees as a percentage of the overall U.S. workforce fell from 1.4% in 1983-1986 to 1% in 2003-2006 and just 0.6% in 2016-2019. Or put another way, the number of telecom employees in the country dropped from nearly 1.4 million in 1983-1986 to just under 894,000 in 2016-2019.
Fierce Telecom
November 18, 2022
In America, the Economic Policy Institute has documented that “erosion of worker bargaining power” has led to lower wages and a “deterioration of labor’s share of income.” Only seven percent of American private sector workers are union members; in contrast, around half of German workers are covered by collective bargaining agreements.
Forbes
November 18, 2022
That brings me to the city’s 20,000-unit housing shortage. As landlords chase those higher returns, “the Airbnb effect” on the local market — as studied by the non-partisan U.S. think tank Economic Policy Institute — creates more costs than benefits.
“The costs to local renters and local jurisdictions likely exceed the benefits to travelers and property owners,” the 2019 report found.
Dallas Morning News
November 18, 2022
In this year’s midterm elections, voters showed a strong level of support for progressive ballot measures across the country. These victories were tempered by the defeat of worthwhile ballot measures in some states and the uncertainty of progress under a divided Congress. Nonetheless, voters across the country approved minimum wage increases, protected access to abortion, supported cannabis legalization, and approved measures to increase housing affordability and promote good union jobs.
Though much work remains to be done to enact a progressive economic agenda, this midterm election showed clear signs of support for a policy agenda that prioritizes economic, racial, and gender justice for working families.
Common Dreams
November 18, 2022
Features Elise discussing women in the work force.
WBUR On Point
November 18, 2022
The Wall Street Journal hosted a panel discussion that featured two advocates who favor expanding the H-1B program and one critic who urges major reforms. The advocates, David Bier, the Cato Institute’s immigration studies associate director, and Theresa Cardinal Brown, the Bipartisan Policy Center’s managing director of immigration and cross-border policy, argued that the H-1B visa cap should be increased and that their labor market presence makes America a more prosperous place.
The critic, Dr. Ron Hira, Howard University, political science associate professor and Economic Policy Institute research associate, countered that the rigged H-1B system is a transfer-of-wealth scam that makes the employers wealthy winners, and the workers, low-wage losers. Dr. Hira added that employers aren’t required to prove that a U.S. worker shortage exists before hiring an H-1B, that H-1B workers’ wages are set too low, and that the compliance system doesn’t hold employers accountable. “Guest-worker programs are supposed to fill domestic labor shortages. The H-1B program does not fill shortages,” Dr. Hira said.
Highland County Press
November 18, 2022
“Employers maybe have to search a little harder when the labor market gets tighter in the expansionary times,” said Elise Gould, a senior economist at the nonprofit Economic Policy Institute, “and then exercise less discretion — perhaps less discrimination — in who they’re hiring.”
The Washington Post
November 18, 2022
“The 2022 midterms prove that Democrats can beat Republican extremism by fighting for working people and making our democratic values clear,” Warren (D-Mass.) said at EconCon Presents, a meeting co-hosted by Demos Action, Economic Policy Institute Action, Economic Security Project Action, Groundwork Action, Omidyar Network, and Roosevelt Forward.
Common Dreams
November 18, 2022
Features Elise discussing women in the work force.
WBUR On Point
November 17, 2022
There is evidence that gig workers are more likely than other service-sector workers to experience hunger firsthand. In spring 2020, nearly one in five (19%) gig workers went hungry, compared to 14% of other service-sector workers, according to a national study by the Economic Policy Institute, a left-leaning think tank. Twice the rate of gig workers (30%) as W-2 employees in the service sector (15%) relied on the Supplemental Nutrition Assistance Program (SNAP) — the public benefit once known as food stamps — within a month of the survey, according to the study. (W-2 refers to the tax form employees use to report their income.)
MarketWatch
November 10, 2022
“In terms of things that would lower prices on store shelves, it’s pretty tough to act that quickly,” Josh Bivens, research director of the liberal think tank Economic Policy Institute, told the Inquirer. This sentiment was echoed by Alex Arnon, the associate director of policy analysis at the Penn Wharton Budget Model, who told the Inquirer, “Other than maybe very targeted tax increases, which I think there’s very little appetite for, there’s not a lot that Congress can do at this point.”
The Week
November 10, 2022
Votes for the Minimum Wage Amendment in Nevada are still being tallied. But if it is approved, the minimum wage would rise to $12 per hour by 2024, up from $9.50 or $10.50 per hour, depending on health insurance benefits. Ben Zipperer, an economist at the Economic Policy Institute, said these results align with past state and local efforts, noting that raising the minimum wage is “an extremely popular policy initiative.”
CNBC
November 10, 2022