Biden: Strong Unions Needed to Build Middle Class
The nation cannot rebuild its middle class without strong unions, Vice President Joe Biden said today. Biden said he and President Obama believe it is impossible to grow the middle class without growing unions.
Biden, who chairs the White House Task Force on Middle Class Families, met with a panel of scholars assembled by the Center for American Progress (CAP) and Economic Policy Institute (EPI) to discuss the challenges facing America’s middle class in the 21st century economy.
At the live webcast event, EPI President Lawrence Mishel said unions set standards in the workplace. Decent standards help ensure “employers are not competing to see who can make the jobs worst, but who can make the products better,” Mishel said.
Poll: Creating New Jobs Trumps Fixing Deficit
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With unemployment at the highest rate in 26 years, most Americans want the government to create more jobs before it worries about the deficit.
A new survey of public views of the economy, released today by the Economic Policy Institute (EPI), shows more than eight of 10 Americans (83 percent) see unemployment as a big problem today.
While voters have some concern about the growth of the federal deficit, job creation is far and away their top priority. In fact, by a margin of 53 percent to 42 percent, voters are more concerned about rising unemployment rates than the rising federal deficit.
The Tracking the Recovery survey was conducted among 802 registered voters nationwide from Sept. 21-23 by Hart Research Associates for EPI. The poll takes an indepth look at Americans’ experiences in this recession, their expectations for the year ahead, their views of the government’s role and degree of success so far and their priorities for further government action. Click here to download the poll results.
Slow Wage Growth Puts Damper on Labor Day
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This Labor Day, many American workers will be watching their pennies as much as they watch the annual parades. This year, working people across the board are being hit with an unprecedented array of economic problems, ranging from a lack of jobs to reduced wages for those who have jobs.
The impact of the recession goes far beyond those people who are unemployed or underemployed. A combination of slow wage growth, mandatory unpaid leave and a drop in benefits is going to make it harder for the economy to recover, says a leading economist.
During a conference call with reporters today, Lawrence Mishel, president of the Economic Policy Institute (EPI), said the recession is hitting working people hard across the board, including white-collar workers, blue-collar workers, women, men, union members, nonunion workers and both college and high-school educated workers.
June Job Loss Hit Most Industries
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The 437,000 jobs lost in June were spread throughout most U.S. industries, according to the Labor Department’s Bureau of Labor Statistics (BLS).
Manufacturing employment fell by 136,000 in June, while employment in construction decreased by 79,000. Job losses in professional and business services shot up in June, with the industry shedding 118,000 jobs. Retail trade employment was down by 21,000 in June.
Education and health care employment increased by 34,000, and employment in government dropped by 52,000 in June.
The overall unemployment rate increased to 9.5 percent in June, putting it at a 26-year high.
AFL-CIO President John Sweeney said today’s jobs data show that creating jobs is the key to a full economic recovery.
Congress and the Obama administration need to continue to remain focused on stimulus efforts to end the recession. Additionally, this is not just a problem in the United States, but at this stage, job loss is the vortex of the global economic crisis. To address this problem we believe that all governments should focus an extra 1 percent of GDP [gross domestic product] for stimulus focused on job creation.
