Apple: ~$2.2 billion Nike: $986 million FedEx: ~$800 million Amazon: $640 million General Motors: $500 million Giant corporations are raking in millions in tariff refunds and getting even richer. But remember: corporations passed tariff costs on to you. Where's YOUR refund?
John Schmitt
@jschmittwdc.bsky.social
Economist, Washington DC Labor, social policy Formerly: @epi.org, @ceprdc.bsky.social, @equitablegrowth.bsky.social, @cep-lse.bsky.social, UN Peacekeeping (Very old picture.)
Two months ago, tomorrow: Congratulations to all. Let the oil flow.
Call it the MITCH Act. If a U.S. Senator can disappear from the job for months and still collect a full paycheck, working Americans shouldn’t have to choose between getting well, caring for family, and paying the bills. Paid leave for ALL. 🇺🇸 #USDemocracy #RisingBlue
Important: Trump’s executive order is NOT legislation. Though the executive order promotes more misinformation about vaccines, nothing has changed about the availability of childhood vaccines. For evidence-based guidance, please follow and share American Academy of Pediatrics recommendations.
At 4:30 AM, Republicans confirmed Trump’s Attorney General: - Trump’s personal lawyer - Refused to release the Epstein Files - Pushed for a $1.8 billion slush fund for Trump allies - Gave Trump tax audit immunity - Pledged to block abortion access nationwide
Donald Trump says it's incredible, no one thought it could be done, but the United States is last among wealthy nations in providing workers with vacation days cepr.net/publications...
No-Vacation Nation: Comparing the US to Other Wealthy Nations
The United States remains the only wealthy democracy with no guaranteed paid vacation, leaving millions of workers without paid time off.
cepr.net
Summertime and the living — in the USA — ain't easy. No U.S. law guarantees paid vacation time. Workers in the UK, Sweden, France, Denmark, and Austria by law annually get at least 25 days off. Americans, overall, average just 10 days off per year. @jschmittwdc.bsky.social cepr.net/publications...
No-Vacation Nation: Comparing the US to Other Wealthy Nations
The United States remains the only wealthy democracy with no guaranteed paid vacation, leaving millions of workers without paid time off.
cepr.net
America’s richest have “created media empires that won’t criticize Trump, financial empires that feed Trump’s crypto, energy empires that feed off Trump’s war, and legal empires that allow Trump to ride roughshod over the rule of law.” www.theguardian.com/commentisfre...
The real meaning of Abdul El-Sayed’s victory in Michigan | Robert Reich
We’re seeing America wake up to the tyranny that’s engulfed us
theguardian.com
We’ve update our Medicaid enrollment tracker and the news for children isn’t good. Since January 2025 there has been a shocking drop of 2.3 million kids enrolled in Medicaid/CHIP. This means the child uninsured rate is likely going up.
You're paying $2,358 in federal taxes for Trump's mass deportations. @epi.org 's new calculator shows what your community could have instead www.epi.org/deportation-...
The first version of "No-Vacation Nation" came out in 2007. This is the fourth iteration. We're still in last place. cepr.net/publications...
Todd Blanche told me privately that he “made a mistake” creating the MAGA slush fund. I asked him about it under oath. And he lied to Congress. His willingness to casually lie under oath shows how far he will go to avoid offending his only boss: Donald Trump.
New @epi.org data through 2026 Q1: workers are nearly twice as productive as they were in 1979, but their pay hasn't come close to keeping up. That divergence, redistributed to profits and executives, has cost a full-time median-wage worker over $23,000 a year
UEFA nations will not participate in FIFA events until the investment deal is scrapped
Europe Announces World Cup Boycott Over FIFA Investment Deal With Kushner Family
UEFA nations will not participate in FIFA events until the investment deal is scrapped
meidasnews.com
Six congressmen bought between $83,000 to $245,000 in SpaceX stock just before its IPO: -Jared Moskowitz -Gil Cisneros -Dan Meuser -John McGuire -William Timmons -John James Five serve on committees whose work impacts SpaceX's business. We must ban members of Congress from trading stock.
An estimated 1.2 million uninsured adults fall into the Medicaid coverage gap — earning too much for Medicaid but too little to be eligible for ACA subsidies — in the 10 states that haven't expanded Medicaid. Get the latest data: https://on.kff.org/3Rki2Rr
TPS for Haitians officially expires tomorrow. ICE is planning big operations, with Springfield, Ohio among the targets www.cbsnews.com/news/ice-hai...
ICE plans to target Haitians as Temporary Protected Status is set to end, sources say
The plans include arresting migrants in Ohio and quickly putting them on deportation flights to crisis-stricken Haiti, the internal documents indicate.
cbsnews.com
🔥 @jamestalarico.bsky.social : “The only minority destroying America is billionaires: Trans people aren’t taking away our healthcare. Muslims aren’t defunding our schools. Immigrants aren’t cutting taxes for themselves + their rich friends… It’s billionaires & their puppet politicians.”
Using trade policy to help reduce abusive labor practices abroad is serious business - but today's proposal from the admin is as unserious as the rest of their trade policy. For a sketch of how to treat this responsibly, see @joshbivens-econ.bsky.social & @ahecon.bsky.social 👇
The U.S. approach to globalization has gone from bad to worse under Trump: How to construct a progressive policy agenda instead
Globalization has created a challenging landscape for U.S. workers. Led by corporate interests, U.S. trade agreements from NAFTA onward have made matters worse rather than improving them. To counter t...
epi.org
The recent acceleration in labor productivity is driven less by AI's direct efficiency gains than by higher capital utilization (itself partly a result of the AI buildout) from @ernietedeschi.bsky.social
AI and productivity
The story in the data so far (briefly)
stripeeconomics.com
ICYMI: More money means less problems for Americans. @arindube.bsky.social sits down with @deanbaker13.bsky.social to break down why we should increase the minimum wage, worker mobility, and aim for full employment. Watch:
Mostly Economics Podcast 38: More Money, Less Problems with Arindrajit Dube
Economist Arindrajit Dube joins Dean Baker to discuss his book The ...
youtube.com
universal health care would do more than almost anything to make it easier for someone to start a small business
the reason we dont have medicare for all is bc corporations need employer based healthcare to keep you chained to your desk in a job you hate that doesnt pay you what youre worth
Today I asked if any Congressmember on @energycommerce.bsky.social would want to live next to a data center. The silence in the hearing room reflected the realities of working people across the country. We must address the real, dangerous health impacts of data centers on our communities.
Millions are losing health coverage, and it's not an accident. @deanbaker13.bsky.social talks with @sabrinacorlette.bsky.social of Georgetown about the subsidy cliff, new rules, and immigrant coverage cuts gutting the ACA. New episode of #mostlyeconomics #econsky
Mostly Economics Podcast #43: Millions Lose Health Insurance in America with Sabrina Corlette
This week on Mostly Economics, Dean Baker talks with Sabrina Corlet...
youtu.be
How to "End Profiteering in Healthcare¨ A new @periumass.bsky.social report by Eileen Appelbaum, Rosemary Batt, and Brandon Novick peri.umass.edu/wp-content/u...
peri.umass.edu
EPI is hosting a webinar about this amazing new vision at 1PM Eastern time today -- join us! www.epi.org/event/50-mil...
50 million U.S. workers want to join a union: What if they could?
Imagine if one-in-three private-sector workers belonged to a union. What would wages, benefits, and working conditions look like if more workers had access to a union contract and the labor movement g...
epi.org
Today, EPI released a new report showing what would happen if we tripled union density to 30%. The results are striking: higher wages, lower inequality, lower racial wage gaps, stronger communities, and a healthier democracy. 1/ www.epi.org/publication/...