Explaining the Department of Labor’s new overtime rule that will benefit 4.3 million workers The U.S. Department of Labor issued a final rule today making changes to the regulations about who is eligible for overtime pay.... 1 day ago Economic Policy Institute Heidi Shierholz, Samantha Sanders The Fed Tallies Up a Big Threat to Financial Stability in the U.S.: “Runnables” at $21.3 Trillion The Fed Tallies Up a Big Threat to Financial Stability in the U.S.: “Runnables” at $21.3 Trillion By Pam Martens and Russ Martens: April 23, 2024 ~ Last Friday, the Federal Reserve released... 1 day ago Wall Street on Parade Pam Martens https://www.cbpp.org/blog/new-federal-rules-will-improve-medicaid-chip-access-across-the-country Enrollees in Medicaid and the Children’s Health Insurance Program (CHIP) will benefit from two rules finalized by the Centers for Medicare & Medicaid Services (CMS) yesterday. The rules — one... 1 day ago Center on Budget Policy and Priorities Allison Orris Indoor Air Quality Matters: COVID, Climate Change, and More Indoor air quality has emerged as a critical public health concern, gaining traction amidst growing recognition of its significance in spreading COVID-19 and many other diseases. Though progress has been... 2 days ago Center for Economic Policy Research Adam Fishbein House Progressives Release 2025 Agenda to Inspire Action for a More Equitable Nation The Congressional Progressive Caucus has released a sweeping domestic agenda for 2025. Why pay attention to the policy platform of a Caucus that represents a little less than half of... 2 days ago Inequality Sarah Anderson PREVIEW: What to Look for In the First Quarter 2024 GDP Report (The quarterly Gross Domestic Product (GDP) is scheduled for release by the Bureau of Economic Analysis on Thursday, April 25th at 8:30 AM Eastern Time.) We are likely to see... 2 days ago Center for Economic Policy Research Adam Fishbein Billionaire-Owned Media Has Gone Full Throttle to Save Fellow Billionaire, Jamie Dimon Billionaire-Owned Media Has Gone Full Throttle to Save Fellow Billionaire, Jamie Dimon By Pam Martens and Russ Martens: April 22, 2024 ~ The Washington Post Editorial Board appears to have sipped the... 2 days ago Wall Street on Parade Pam Martens https://www.cbpp.org/press/statements/naeh-nlihc-cbpp-supreme-court-case-highlights-need-for-leaders-to-address Even in a divided country, we can agree that homelessness is terrible, especially in a country as rich as ours. We should also agree on the solutions that have been... 2 days ago Center on Budget Policy and Priorities Ann Oliva, Diane Yentel, Peggy Bailey Are the Flat Tax Folks Winning — or Have They Already Won? The post Are the Flat Tax Folks Winning — or Have They Already Won? appeared first on Inequality.org.... 4 days ago Inequality Sam ISDS, Egged on by Canadian Mining Interests, Makes a Stealth Appearance in Noboa’s Security Referendum IDN – InDepthNews See article on original site On February 9, less than 100 days into his transitional one-and-a-half-year term, Ecuadorian president Daniel Noboa announced an 11-question referendum to take... 5 days ago Center for Economic Policy Research Adam Fishbein Noncompete Clauses: Markets Are Made, not Given by Nature The Federal Trade Commission (FTC) will be holding hearings next week on noncompete clauses. These are a part of tens of millions of employment contracts that limit the ability of... 5 days ago Center for Economic Policy Research Dean Baker A tight labor market and state minimum wage increases boosted low-end wage growth between 2019 and 2023 The labor market recovery from the pandemic recession has been tremendous and low-wage workers have been key recipients of those gains, with dramatically fast real wage growth between 2019 and... 5 days ago Economic Policy Institute Elise Gould, Sebastian Martinez Hickey https://www.cbpp.org/blog/in-case-you-missed-it-697 This week at CBPP, we focused on state budgets and taxes, food assistance, and housing. On state budgets and taxes, Whitney Tucker explained that states can use the Black Women... 5 days ago Center on Budget Policy and Priorities CBPP https://www.cbpp.org/blog/tough-on-crime-bills-in-louisiana-and-kentucky-are-harmful-costly-steps-in-the-wrong-direction Lawmakers in both Kentucky and Louisiana have adopted antiquated "tough-on-crime" bills that will put more people behind bars and keep them there longer. These bills take an ineffective approach to... 6 days ago Center on Budget Policy and Priorities Michael Mitchell https://www.cbpp.org/research/food-assistance/chair-thompsons-plan-would-cut-snap-benefits-and-ignore-scientific It is critical that the farm bill protect SNAP from harmful cuts and policy changes, including Chair Thompson’s proposal, that would weaken the program’s ability to meet its core mission.... 6 days ago Center on Budget Policy and Priorities Katie Bergh, Lauren Hall Will Illinois be next to tackle the problem of ‘captive audience’ meetings?: Rights and freedoms of 22.7 million workers now protected in seven states U.S. employers have tremendous power over worker conduct. Under federal law, employers can require workers to attend “captive audience” meetings—and force employees to listen to political, religious, or anti-union employer... 6 days ago Economic Policy Institute Daniel Perez, Jennifer Sherer The Professor Who Wrote the Seminal Book on Wall Street Megabanks Calls Today’s Financial System “Dangerously Unstable” The Professor Who Wrote the Seminal Book on Wall Street Megabanks Calls Today’s Financial System “Dangerously Unstable” By Pam Martens and Russ Martens: April 18, 2024 ~ George Washington University Law Professor,... 6 days ago Wall Street on Parade Pam Martens Restaurant Workers Deserve a Livable Wage, Too Growing up I looked up to my father and aunt, who began restaurant industry careers after immigrating from Eritrea in the 1970s. When I started working, a restaurant job was... 6 days ago Inequality Sarah Anderson Actually, the Labor Share Has Not Been Declining Over the Last Seventy-Five Years I was a bit surprised to see a piece on Marketplace radio telling listeners: “In 1947, U.S. workers got about two-thirds of the income from their labors. ‘Now, they’re getting... 7 days ago Center for Economic Policy Research Dean Baker In the Good Old Days, One Fourth of Income Went to Food I am not ordinarily a celebrant for the state of the economy, but the media have been so over the top in pushing the economic doom story during the Biden... 7 days ago Center for Economic Policy Research Dean Baker Gold Has Set Historic Highs this Year as the Federal Reserve Has Reported Historic Losses Gold Has Set Historic Highs this Year as the Federal Reserve Has Reported Historic Losses By Pam Martens and Russ Martens: April 17, 2024 ~ According to Federal Reserve data, for the... 7 days ago Wall Street on Parade Pam Martens https://www.cbpp.org/research/state-budget-and-tax/black-women-best-framework-points-the-way-to-equitable-and-just-state Applying the Black Women Best framework would allow policymakers to address harms for those who have been historically excluded while promoting widespread opportunity and prosperity for all.... 7 days ago Center on Budget Policy and Priorities Whitney Tucker https://www.cbpp.org/blog/states-should-center-black-women-in-tax-reform States and localities can realize more equitable, thriving economies by using their revenue policies to address the marginalization and exploitation of Black women. As I explain in a new paper,... 7 days ago Center on Budget Policy and Priorities Whitney Tucker The Market Is Rigged to Give All the Money to the Rich: The Case of Covid Boosters It is much more acceptable in policy circles to talk about ways to make tax and transfer policy more progressive than ways to structure the market to prevent the distribution... 8 days ago Center for Economic Policy Research Dean Baker Why Do My Groceries Cost So Much? The post Why Do My Groceries Cost So Much? appeared first on Inequality.org.... 8 days ago Inequality Chris Mills Rodrigo Our Tax History Holds the Key to a Fairer System The post Our Tax History Holds the Key to a Fairer System appeared first on Inequality.org.... 8 days ago Inequality Chris Mills Rodrigo Who Are the Actual ‘Sober Realists’ in the Inequality Debate? Why are advocates of measures like wealth taxes and maximum wages designed to address extreme concentrations of income and wealth seen as naïve or idealistic, while critics of these policies... 8 days ago Inequality Sarah Anderson https://www.cbpp.org/blog/solutions-to-homelessness-within-reach-regardless-of-supreme-court-ruling-in-upcoming-case Homelessness has risen to historic levels, and the Supreme Court is about to weigh in on whether communities can fine or jail people for sleeping outside when they have nowhere... 8 days ago Center on Budget Policy and Priorities Anna Bailey, Peggy Bailey Stanford Finance Professor Anat Admati Is Making Jamie Dimon Very Nervous – Again Calling His Bank “Dangerous” Stanford Finance Professor Anat Admati Is Making Jamie Dimon Very Nervous – Again Calling His Bank “Dangerous” By Pam Martens and Russ Martens: April 16, 2024 ~ Stanford Finance Professor Anat Admati... 8 days ago Wall Street on Parade Pam Martens Leveling the Playing Field: How IRS Direct Free File Fights Back Against Corporate Greed stores, then surely they must be helping hardworking families. What this actually confirms is that H&R Block preys on low-income communities and communities of color by saturating the neighborhoods of... 9 days ago Inequality Chris Mills Rodrigo Older posts