In March, the Economic Policy Institute’s Josh Bivens wrote that “in normal times, corporate profits contribute about 13% to prices.”
“Since the second quarter of 2020, they have instead contributed more than a third of price growth, or more than twice as much as they normally do,” Bivens estimated.
Common Dreams
June 30, 2023
International expert, Adam Hersh, will address the opportunities and challenges presented by Australia’s renewable energy revolution at the National Manufacturing Summit in Canberra on 2 and 3 August.
Mirage NEws
June 30, 2023
Workers at childcare facilities also rarely receive health insurance benefits. As reported by the Economic Policy Institute, “Just 15.0 percent of childcare workers have employer-sponsored health insurance through their own job, compared with 49.9 percent of workers in other occupations.”
Nonprofit Quarterly
June 30, 2023
Independent workers making low wages aren’t so happy with their pay. A 2020 survey of hundreds of gig workers analyzed by researchers at the Economic Policy Institute, a think tank focused on policy around low- and middle-income workers, found those working for digital platform companies like Uber, Instacart or DoorDash often reported poor working conditions and low pay. One in five gig workers often couldn’t afford enough food to eat, the survey found.
Wall Street Journal
June 30, 2023
A study last fall from the left-leaning Economic Policy Institute said the U.S. could lose 75,000 auto jobs if EVs become half of all cars sold by 2030. But the report also said different jobs will be created, and the U.S. could gain 150,000 jobs from the transition if policy focuses on domestic market share and assembling vehicles here.
Bridge Michigan
June 30, 2023
All of this is exacerbated by the widespread layoffs, which are also shining a light on the precarity that foreign workers are forced to endure. An Economic Policy Institute publication states that:
- The H-1B visa program was created to fill labor shortages in professional fields and could be a valuable temporary work visa program, but new data show it is being subverted by employers that are not facing labor shortages and by outsourcing firms.
Tech HQ
June 30, 2023
Wage theft—in which employers skimp on overtime or regular pay, and sometimes simply fail to pay at all—costs US workers approximately $50 billion annually, according to the Economic Policy Institute.
MIT Technology Review
June 30, 2023
Richard Rothstein is a Distinguished Fellow of the Economic Policy Institute and a Senior Fellow (emeritus) at the Thurgood Marshall Institute of the NAACP Legal Defense Fund.
Below, Leah and Richard share 5 key insights from their new book, Just Action: How to Challenge Segregation Enacted Under the Color of Law.
Next Big Idea Club
June 30, 2023
For example, while wages fell far behind the growth of economic productivity from 1979 onward, Turchin cites analysis from the Economic Policy Institute indicating that three-fourths of that gap was due to elite-driven policy shifts: weakened labor standards, the erosion of collective bargaining, corporate globalization and so-called fiscal austerity.
Salon
June 30, 2023
According to a report by the Economic Policy Institute, the median hourly wage for servers in the United States, including tips, was $11.42 in 2019, while the median hourly wage for non-tipped workers was $18.58. However, the report notes that the tipped minimum wage has not kept pace with inflation, resulting in a decline in purchasing power for tipped workers.
The Georgia Sun
June 30, 2023