The Center for Economic and Policy Research promotes democratic debate on the most important economic and social issues that affect people's lives.
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Jul 18, 2023 • 8 tweets • 3 min read
.@EileenAppelbaum shared her expert opinion with @USDOL ERISA Advisory Council today on the dangers when #privateequity takes over ownership of annuity life insurance companies or manages insurance company assets
Private equity firms control nearly 10% of life insurance assets—and its involvement is growing. @USDOL must take steps to reduce the riskiness of annuities that workers’ pension savings are invested in and protect workers’ hard-earned retirement savings. cepr.net/letter-to-eris…
Mar 4, 2022 • 17 tweets • 4 min read
NEW #JobsReport ANALYSIS:
Here’s a compilation thread of @DeanBaker13’s quick-take analysis of #BLSdata. #JobsDay
Watch @ceprdc later this morning for detailed report.
As expected, another very strong report 678k jobs, unemployment down to 3.8%.
More upward revisions: added 92k to Dec and Jan numbers.
Aug 20, 2021 • 8 tweets • 5 min read
“Think of what the country would look like if the lowest paying jobs...paid $26 an hour,” writes @DeanBaker13 in his UPDATED look at the disconnect btwn minimum wage & productivity. cepr.net/the-26-an-hour…
.@DeanBaker13 warns, “Don’t try this at home...The $26 an hour is useful as a thought experiment for envisioning what the world might look like today, but it would not be realistic as policy...without many other changes to the economy.”
Nov 12, 2020 • 10 tweets • 3 min read
New Analysis: Here are @DeanBaker13’s quick-takes of the US #CPI. #BLSdata 1/ Overall picture: zero basis for any concerns about #inflation in this story. The economy is being hit hard by pandemic (see hotels), likely could use support.
2/ US #CPI overall and core CPI both flat in Oct, up 1.2 percent and 1.6 percent YOY, respectively.
Sharp drop in energy prices lowers overall US #CPI. Core held down by drop in medical care prices by 0.4 percent drop.
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