“According to a report from the Economic Policy Institute, nearly half of all working-age families in the United States have zero retirement account savings,” said Jim E. Carlson, CDAA, a financial planner and certified digital asset advisor at Carlson Planning Company. “The median for families with retirement savings was around $60,000. However, considering that experts often recommend having at least 10 times your final salary saved by retirement, it’s clear that many Americans may be underprepared.”
GO Banking Rates
May 12, 2023
“I think that this recovery was tremendous compared to any recovery in recent history because of the scale of the investments that were made by policymakers,” said Elise Gould, senior economist at the Economic Policy Institute, pointing to the child tax credit as one example that helped fuel the strong recovery. “So I think the incredible bounceback that we saw in employment and wage growth was driven directly from, in large part, to the kinds of investments that policymakers made in things like shoring up the unemployment insurance system, making that stronger, making it a better safety net for many workers.”
States Newsroom
May 12, 2023
In a new policy memo, the Economic Policy Institute (EPI) examined these labor market implications of the proposed merger. It found that the merger of two of the largest supermarket chains in the country will increase employer concentration and reduce the wages of all grocery store workers in affected cities across the country.
The Stand
May 12, 2023
The Economic Policy Institute said in an October report that “exorbitant CEO pay is a contributor to rising inequality that we could restrain without doing any damage to the wider economy.”
Winston-Salem Journal
May 12, 2023
The number of kids employed in direct violation of existing child labor laws, analysts at the Economic Policy Institute this past March reported, has soared 283 percent since 2015 — and 37 percent in just the last year alone. Last week brought the alarming news that three Kentucky-based McDonald’s franchises had kids as young as 10 working at 62 stores in four different states. Some of these under-working age children were working as late as 2 a.m.
Inequality.org
May 12, 2023
Lauding the book, Alan Tonelson, a fellow of the Economic Policy Institute at the time, wrote in The New York Times Book Review: “In a political climate where the labeling of all dissenting foreign policy voices as ‘isolationist’ is praised in the news media as responsible leadership, Mr. Steel’s essay is a rare example of clarity, wisdom and intellectual integrity.”
New York Times
May 12, 2023
The left-leaning Economic Policy Institute has released a study arguing that wealth for the top 1 percent has grown by double digits while falling for the remaining 99 percent.
Providence Magazine
May 12, 2023
Program critics are urging U.S. Citizenship and Immigration Services (USCIS) to look deeper at H-1B petitions coming from tech companies, “some of which are laying off tens of thousands of workers,” said Daniel Costa, director of immigration law and policy research at the Economic Policy Institute.
TechTarget
May 12, 2023
Some economists also remain skeptical of the researchers’ findings that St. Paul’s minimum wage increases, which didn’t start taking effect until 2020, led to job losses in 2018 and 2019 as employers anticipated the coming changes. Ben Zipperer of the Economic Policy Institute called that finding “completely implausible.”
Minneapolis Star Tribune
May 12, 2023