Caroline Hyde, Romaine Bostick & Taylor Riggs bring the news and analysis you may have missed after the closing bell on Wall Street. Today’s show tackles what to expect from the jobs report Guest Today: Elise Gould of the Economic Policy Institute
Bloomberg TV
March 4, 2022
Nasdaq
March 4, 2022
“There’s still a long way to go,” Economic Policy Institute President Heidi Shierholz tweeted, “but we’re on track to recover from this recession eight years faster than we recovered from the Great Recession, because of our policy response.”
Common Dreams
March 4, 2022
According to data from the Economic Policy institute, multiple states average more than $15,000 for child care of toddlers.
12 News
March 4, 2022
Unionized workers have the right to collectively bargain with their employers and negotiate for better wages and benefits. According to one study by the Economic Policy Institute, unionized workers earn 11% more on average than non-union workers as a result of these collective bargaining rights.
South Seattle Emerald
March 4, 2022
“I know there are many things going on in the world, but right now, the labor market — I’m incredibly optimistic,” said Elise Gould at the Economic Policy Institute. She said that when the pandemic started two years ago, there was every reason to think the economy would be at least as bad as during the Great Recession.
Marketplace
March 4, 2022
According to the Economic Policy Institute, less than 20% of private-sector workers are covered by a traditional pension, and the national savings rate is close to zero. This leaves most Americans financially unprepared for retirement.
Smart Union
March 4, 2022
In addition, there is evidence that higher levels of human capital are sometimes associated with even greater pay disadvantages. An analysis by Elsie Gould and Teresa Kroeger at the Economic Policy Institute finds that women workers are not only paid less than men at every level of formal education, but also that the gender pay divide actually widens as workers acquire more educational credentials. Specifically, Gould and Kroeger find that while women with a high school degree are paid about 80 percent of what men with a high school degree are paid, women with an advanced degree are paid 73 percent of what men with the same level of education are paid.
Washington Center for Equitable Growth
March 4, 2022
But their growth has led to some concern – an analysis from the Economic Policy Institute concluded that the costs of short-term rental companies’ presence in a municipality outweighs any tourism benefits they may bring in.
The Repository
March 4, 2022
The general assault on education could have lasting consequences for this state’s economy down the road, said Ben Zipperer, an economist at the Economic Policy Institute.
Dallas Observer
March 4, 2022
“Inflation is definitely blocking some of the gains that would otherwise accrue to workers stemming from today’s pretty hot labor market, and that definitely includes any raise Target is giving,” says Josh Bivens, an economist at Economic Policy Institute.
Quartz
March 4, 2022
n the last few months, pay has risen fastest in certain sectors, says Elise Gould, a senior economist at the Economic Policy Institute. Areas like leisure, retail, and hospitality are “where lower-wage workers have been seeing some increases in opportunities and experienced wage growth.”
CNBC
March 4, 2022
Care for an infant can cost substantially more than for older children, figures from the Economic Policy Institute show. In California, for example, that gap is more than $5,000 a year, on average.
Bloomberg
March 4, 2022
Economic Policy Institute President Heidi Shierholz calls last year’s decline a “wakeup call to lawmakers.” Shierholz sees labor reform as essential to an equitable recovery from the pandemic.
Rochester Beacon
March 4, 2022
According to a recent report from the Economic Policy Institute, the U.S. auto sector could require an increase of over 150,000 jobs if electric vehicles rise to 50% of domestic auto sales in 2030.
Minnesota Reformer
March 4, 2022
Using data from the Economic Policy Institute, the U.S. Census Bureau and the U.S. Department of Health and Human Services (HHS), GOBankingRates identified the cost of child care in each state. It also identifies the 10 states where child care is least affordable and most affordable in the context of each state’s median salary.
GO Banking Rates
March 4, 2022
An Economic Policy Institute analysis found that child care workers are paid about $13.51 per hour, nearly half of what the average U.S. worker makes, at $27.31 per hour. Child care workers are among the lowest-paid professions and are underpaid and given fewer benefits like health insurance.
The Edwardsville Intelligencer
March 4, 2022
Recent data from the Economic Policy Institute show that those with incomes under $25,000 were 3.5 times as likely to report missing an entire week of work because of COVID-19 compared with those earning $100,000 or more. Too often, workers are forced to make an impossible choice between caring for themselves and their families and earning a paycheck that they need to stay afloat.
Colorado Politics
March 4, 2022
The Economic Policy Institute’s State of Working America Data Library and the Economic Policy Institute’s Working Economics Blog (cites chart).
Truthout
March 4, 2022
Terri Gerstein is the director of the State and Local Enforcement Project at the Harvard Law School Labor and Worklife Program and a senior fellow at the Economic Policy Institute.
American Prospect
March 4, 2022
“The job losses were disproportionately happening in leisure and hospitality, and that’s where they remain,” said Elise Gould, a senior economist at the Economic Policy Institute think tank.
Huffington Post
March 4, 2022
Elise Gould is a senior economist at the Economic Policy Institute. Heidi Shierholz is president at the Economic Policy Institute and former chief economist at the U.S. Department of Labor. The opinions expressed in this commentary are their own.
CNN Business
March 4, 2022
According to the Economic Policy Institute, less than 20% of private-sector workers are covered by a traditional pension, and the national savings rate is close to zero. This leaves most Americans financially unprepared for retirement.
Smart Union
March 3, 2022
According to the Economic Policy Institute, less than 20% of private-sector workers are covered by a traditional pension, and the national savings rate is close to zero. This leaves most Americans financially unprepared for retirement.
Smart Union
March 3, 2022
Wage theft is a multi-billion dollar problem that spans industries across the United States; according to Brotman, it dwarfs property crime costs in the country. A 2017 wage theft study from the Economic Policy Institute found that 32.3% of New York construction workers’ earned wages were not paid — the highest share out of all the industries surveyed.
Construction Dive
February 25, 2022
In such an economy, workers were able to bargain for more pay, and the costs of labor rose in tandem with the costs of other inputs, explained Josh Bivens, research director of the left-leaning Economic Policy Institute.
CBS
February 25, 2022
For many teachers, rather than continue to try to explain the complexities of their profession, it has become easier just to leave. A mass educator exodus and shortage will not come as a surprise to anyone who has been paying attention. A pre-pandemic study from the Economic Policy Institute (EPI) indicated that teacher shortages were already becoming dire. At that time, researchers at EPI predicted that by the year 2025, the shortage could reach up to 200,000. That number was based on a pre-Covid reality, one that did not account for the recent dire working conditions in schools.
The Hechinger Report
February 25, 2022
Features Rob discussing Russia-Ukraine tensions.
Al Jazeera
February 25, 2022
First, union membership statistics don’t capture the numbers of workers who attempt to form unions through our country’s antiquated labor system, but fail when employers bend and break labor law. Employers like Amazon often use thinly veiled threats, mandatory anti-union meetings, and intimidation tactics to keep workers from forming unions. In 4 out of 10 organizing efforts, workers have to file charges to try to stop their bosses’ illegal activity, and in a third of elections, employers are charged with illegally firing union supporters, according to a recent Economic Policy Institute report. Precious few workers make it through this fraught process, and even fewer win a first contract. Those who find themselves blocked don’t “count” in the government’s statistical measures.
American Prospect
February 25, 2022