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Economic Policy Institute

America Cannot Afford to Let the DREAM Act Die in the Senate

Daniel Costa | Posted 05.25.2011 | Politics
Daniel Costa

On Wednesday night, the United States House of Representatives passed the Development, Relief, and Education for Alien Minors Act - also known as the ...

Dan Froomkin

Larry Summers Will Deliver His Swan Song In The Lion's Den | Dan Froomkin | Posted 05.25.2011 | Politics

WASHINGTON -- Larry Summers, the top presidential economic adviser whose pro-bank philosophy made him a lightning rod for liberal critics of the Obama...

Political Corruption: GOP Embraces the Ken Lay Way

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Republicans are obfuscating about the real reason for their opposition to extending unemployment benefits, the way Enron CEO Ken Lay concealed the truth about billions in losses his corporation racked up.

The F Word: Why Tax When You Can Freeze?

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

Although that $2 billion Obama estimates he'll save in freezing federal employees' wages sounds like a lot of money, it isn't. Compare it to the $700 billion that we handed over to Wall Street.

Michele Bachmann's Very Bad Choice: Extending Tax Cuts for the Rich While Ending Unemployment Insurance for the Jobless

Deborah Weinstein | Posted 05.25.2011 | Politics
Deborah Weinstein

In the real world, there are millions of people out of work and getting by on an average unemployment benefit of $293 a week. And there are millionaires, who receive about $110,000 a year from the Bush tax cuts.

We Don't Need Your Help "Saving" Social Security

Monique Morrissey | Posted 05.25.2011 | Business
Monique Morrissey

"No more benefit cuts" is actually a middle-ground position, since benefits were already cut back in the last Social Security overhaul in 1983. Under normal circumstances, Democrats should be seeking to reverse the 1983 cuts, not add to them.

CHART: U.S. Economy Is 11.5 MILLION Jobs Short

Huffington Post | William Alden | Posted 05.25.2011 | Business

Even though the unemployment rate remained flat at 9.6 percent in September, the labor market would now need to add a total of about 11.5 million jobs...

The Right Wing Myth on Public Employee Pay

Amy Traub | Posted 05.25.2011 | Politics
Amy Traub

In reality, there is no pampered public sector elite to blame for public budget woes: elected officials should face the facts and admit to the sacrifices they're asking working people to make.

Can't Get A Job? Better Get Used To It

Diane Tucker | Posted 05.25.2011 | Business
Diane Tucker

WASHINGTON D.C. -- "Joblessness is here to stay. One current assessment rates the chances a laid-off worker will ever regain his or her income level a...

China's Currency Manipulation: Flipping off America

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Earlier this year, the Obama administration asked China nicely to allow its currency value to float up naturally on international markets. China said it would. And then it didn't.

Four Trends We WON'T Be Celebrating This Labor Day (CHART)

Huffington Post | Sara Yin | Posted 05.25.2011 | Business

Labor Day, of course, was intended to celebrate the American worker. But, for those of us lucky enough to be employed, the labor market still isn't pr...

Overworked and Underpaid? Productivity Increases, but Wage Growth Declines

Akito Yoshikane | Posted 05.25.2011 | Business
Akito Yoshikane

Household income for the average working family has continued to fall, but men, Latinos and those without a college education have experienced an especially sharp deceleration of wage growth since the recession

Why New York Needed the Federal Fiscal Relief - And Should Get More

Amy Traub | Posted 05.25.2011 | New York
Amy Traub

The fiscal relief bill signed into law by President Obama on Tuesday will unquestionably benefit New York City and other states and municipalities acr...

Who Are You Going to Believe -- Tim Geithner or Your Own Lying Eyes?

Robert Kuttner | Posted 05.25.2011 | Business
Robert Kuttner

Treasury Secretary Tim Geithner's Op-Ed in the New York Times is titled, with no intended irony, "Welcome to the Recovery." His story is essentially this: Don't believe what you experience in your own life; believe us.

Too Old to Rock 'n' Roll, Too Young to Die Ruin Social Security

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

Don't Fear the Boomers. Despite the scaremongers' attempts to incite generational war, people born between 1946 and 1964 are not going to destroy Social Security. But don't just take my word for it. Ask an actuary.

A Common Sense Approach to Immigration Policy

Daniel Costa | Posted 05.25.2011 | Politics
Daniel Costa

A new study on immigration during recessions demonstrates through highly technical econometric analysis that the U.S. should allow employment-based legal immigration, but only to a point.

America Becomes a Little More Like Paris

Algernon Austin | Posted 05.25.2011 | World
Algernon Austin

In Paris, the central city is wealthier and whiter than the suburbs. In the US, the demographics have been the reverse. In the 21st century, the United States has begun to look a little more like Paris.

Help for a Fragile Economy

Deborah Weinstein | Posted 05.25.2011 | Politics
Deborah Weinstein

Senators will cast votes this week that will either cost workers hundreds of thousands of jobs or save those jobs and put us on a surer path to create more.

Could Rising Wages in China Boost American Cities?

Amy Traub | Posted 05.25.2011 | Business
Amy Traub

Increasing wages in China represent a step toward more balanced world trade, and it's a good thing for Chinese workers and their American counterparts.

End the Denial: Label China a Currency Manipulator

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

America and China share a terrible delusion. They are in denial about currency manipulation. Both officially state that China is not devaluing its currency. This is too costly to America.

China Cost Colorado 45,000 Jobs Since 2001: Economic Policy Institute

The Denver Post | Aldo Svaldi | Posted 05.25.2011 | Denver

The U.S. trade deficit with China has cost Colorado more than 45,000 jobs since 2001, the Economic Policy Institute in Washington, D.C., estimates. ...

Rand Paul Has a Blunt Instrument for Fixing Social Security

Mark Miller | Posted 05.25.2011 | Politics
Mark Miller

Paul's position on Social Security is part of a much broader well-orchestrated, fact-free attack on Social Security from Wall Streeter Pete Peterson, the Tea Party and others on the right.

Obama Signs $18 Billion Jobs Bill -- Just 10.8 Million Jobs Short

Art Levine | Posted 05.25.2011 | Home
Art Levine

The President signed on Thursday a nearly $18 billion jobs bill that most experts don't believe will create anywhere near the 11 million jobs needed t...

New Research Shows Merit Pay for Teachers a Poor Idea

Esther Wojcicki | Posted 05.25.2011 | Politics
Esther Wojcicki

Teachers need to be given more respect, more autonomy, better overall pay, supplies, and more classroom support to master their teaching skills. Merit pay doesn't work for the workplace and is a terrible idea for schools.

Income Inequality: Top 400 U.S. Earners See Income Rise 476% In Last 15 Years | Lawrence Mishel | Posted 05.25.2011 | Business

The 400 American households with the highest incomes also have enjoyed a much faster pace of income growth than the vast majority. And, because tax r...