Comparing pre-pandemic earnings with recent data may show a clearer picture because income in 2020, when the pandemic shuttered the economy, skewed higher due to millions of low-income workers losing their jobs that year, effectively excluding them from earnings data, according to left-leaning Economic Policy Institute. Because of that, comparisons between 2020 and other years may not be apples-to-apples.
CBS Moneywatch
September 24, 2024
The sky-high job growth was bound to slow, in part because the economy lacked room for expansion after employers had hired the workers they needed and a dwindling number of unemployed people remained on the sidelines, according to Valerie Wilson, a labor economist who runs the program on race, ethnicity and the economy at the left-leaning Economic Policy Institute.
“We expected job growth at some point to slow down,” Wilson said. “To me, that alone isn’t cause for concern.”
ABC News
September 24, 2024
As I wrote in this Prospect piece, the good news is that heterodox economics is getting more of a respectful hearing nowadays. If you are very good, you can get tenure at a major economics department by studying the inequities and anomalies in the real world rather than by playing with models and manipulating algebra.
The Economic Policy Institute, founded in 1986, gets a good deal of the credit. Our colleague Harold Meyerson has just written this history of EPI and its increasing influence.
American Prospect
September 24, 2024
“Michigan’s in the process right now of reversing a lot of damage that was done to its state labor laws, and you could foresee that they might join some other states who have begun to get more ambitious,” said Jennifer Sherer, acting deputy director of the Economic Analysis and Research Network.
Sherer said the Michigan bills reflect a broader trend across states including Montana, Missouri, Illinois and New Hampshire, where lawmakers and residents have voted down right-to-work legislation and ballot initiatives.
Capital & Main
September 24, 2024
The average American needs to be making an average annual income of at least $421,926 in order to be considered part of the top 1%, according to the Economic Policy Institute. The average income of everyone else (the “bottom 99%”) is $50,107.
MoneyWise
September 24, 2024
The political and union “concerns are linked and related,” said Jennifer Sherer, who leads the Worker Power Project at the Economic Policy Institute. “The vast majority of workers are in a position where if they decline an employer request, even if it’s something that might seem outlandish” such as attending a political candidate visit to the workplace or a Bible study, “most workers have a reasonable fear that could come with some consequence.”
Bloomberg Law
September 24, 2024
Trump NLRB appointees, the union contends, were too friendly with employers, hurting employees’ unionization efforts. The former president also finalized a rule restricting federal employees’ union activity, according to the Economic Policy Institute, and his OSHA team fielded fewer health and safety complaints, according to the National Employment Law Project.
HR Brew
September 24, 2024
Comparing pre-pandemic earnings with recent data may show a clearer picture because income in 2020, when the pandemic shuttered the economy, skewed higher due to millions of low-income workers losing their jobs that year, effectively excluding them from earnings data, according to left-leaning Economic Policy Institute. Because of that, comparisons between 2020 and other years may not be apples-to-apples.
CBS Moneywatch
September 24, 2024
The sky-high job growth was bound to slow, in part because the economy lacked room for expansion after employers had hired the workers they needed and a dwindling number of unemployed people remained on the sidelines, according to Valerie Wilson, a labor economist who runs the program on race, ethnicity and the economy at the left-leaning Economic Policy Institute.
“We expected job growth at some point to slow down,” Wilson said. “To me, that alone isn’t cause for concern.”
ABC News
September 24, 2024
As I wrote in this Prospect piece, the good news is that heterodox economics is getting more of a respectful hearing nowadays. If you are very good, you can get tenure at a major economics department by studying the inequities and anomalies in the real world rather than by playing with models and manipulating algebra.
The Economic Policy Institute, founded in 1986, gets a good deal of the credit. Our colleague Harold Meyerson has just written this history of EPI and its increasing influence.
American Prospect
September 24, 2024