Decades-long trends show that the top earners in telecoms have steadily siphoned off larger portions of money from the share leftover for lowest-paid cable workers. Government data analyzed by the Economic Policy Institute shows that, from 1973 to 2019, the industry’s top earners saw a 161% wage increase, while workers in the bottom bracket saw a 12% overall decrease.
Gizmodo
November 19, 2021
“I would expect over the next year the price inflation to relent a bit, and most of the wage growth to stay — and so I think they’re going to come out ahead,” said Josh Bivens, director of research at the left-leaning Economic Policy Institute. “But yeah, this inflationary spike has definitely bit into the growth of paychecks.”
Washington Post
November 19, 2021
Researchers at the Economic Policy Institute extrapolated from these trends, finding that the elimination of federal unemployment expansions caused an estimated $144.3 billion loss of income and a $79.2 billion decline in consumer spending nationwide.[10] The loss of personal income from curtailing pandemic unemployment benefits contributed to slowing national GDP growth in the third quarter of 2021, according to the U.S. Department of Commerce Bureau of Economic Analysis.
NELP
November 19, 2021
The Economic Policy Institute (EPI) earlier this month announced the legislation would create that many jobs each year over the first five years of its implementation. That would raise the financial fortunes of millions of working Americans trying to support their families.
Teamsters
November 19, 2021
“Anything that in the very short run puts a lot of pressure on family budgets across the board will cause more stress and damage to low-income households because they just have less scope to absorb it,” said Josh Bivens, director of research for the Economic Policy Institute.
Atlanta Journal Constitution
November 19, 2021
Adewale Maye, an analyst at the progressive Economic Policy Institute, said provisions in the reconciliation package on education, health care and child care “could have a very large impact on poverty reduction and have a disproportionate impact on Black and brown families.”
Roll Call
November 19, 2021
Using different methodology, Adam Hersh, a visiting economist at the liberal Economic Policy Institute, recently calculated that over the first five years of implementation the infrastructure plan would create nearly 775,000 jobs annually, while the Build Back Better plan would add about another 2.3 million jobs a year. Hersh also projects that more than 80% of the infrastructure plan’s new jobs would not require college degrees, while non-college jobs would compose almost exactly four-fifths of those created by the broader plan.
The Atlanta Voice
November 19, 2021
An Economic Policy Institute analysis shows that the wage gap between teachers and the remainder of the comparably educated workforce was about 21% in 2018, compared to only 6% in 1996.
Newsmax
November 19, 2021
“It’s fair,” says Elise Gould, a senior economist at the Economic Policy Institute, whose own family budget calculator helped to inform For US. “There is integrity to the whole process,” adds Gould, who crunched data for Murray and will continue to partner going forward.
Fast Company
November 19, 2021
The average American two-parent household with with two young kids devotes about 25 percent of its income to childcare, according to an Economic Policy Institute analysis. In Texas, full-time child care for a 4-year-old is nearly equal to tuition at a public college.
Houston Chronicle
November 19, 2021
According to the Economic Policy Institute, the compensation for CEOs have grown by 1,322% since 1978. At the same time, the compensation for a typical worker has grown 18%. This kind of gap cannot be unnoticed and we should discuss why such inequality exists today.
Industry Week
November 19, 2021
Elise Gould, senior economist at the Economic Policy Institute, said it’s “stunning” that from August to September, this sector nearly doubled in quit rate, although she cautioned that part of it may be statistical noise that may be revised in the coming months.
Business Insider
November 19, 2021
By that standard, less than 11 percent of Pennsylvania families can afford infant care, which the Economic Policy Institute said costs an average of $987 per month, or $11,842 a year. The cost of care for a 4-year-old is nearly as high, at $9,733 per year.
The Daily News
November 19, 2021
The Commonwealth Institute used the Economic Policy Institute’s family budget calculator to determine the income needed for a “modest yet adequate” standard of living. The Economic Policy Institute takes into account housing, food, transportation, taxes and other necessities such as clothing, phone service, reading materials and furniture.
The Virginian-Pilot
November 19, 2021
A number of states, including Florida, California, Illinois and New York, have also vowed to raise the minimum wage to $15 an hour to address worker concerns. Ben Zipperer, an economist at the Economic Policy Institute, estimated that over the next few years, four in 10 workers will live in states with a $15 minimum wage.
Newsweek
November 19, 2021
While the national unemployment rate is down to 4.6% as of October, that’s not true for all groups, according to estimates for the third quarter from the left-leaning Economic Policy Institute, a Washington, D.C.-based think tank. Black workers still face double-digit unemployment in Illinois (10.8%) and California (10.4%), and Hispanic unemployment in New York is 10.7%.
Pew Charitable Trust
November 19, 2021
“The 10-year budget window is always a little artificial and arbitrary. … With climate change, it makes it almost impossible,” said Josh Bivens, director of research at the Economic Policy Institute.
E&E News
November 19, 2021
As the Economic Policy Institute has shown, these Minneapolis Fed studies have multiple flaws. For example, they fail to take into account the pandemic. Unemployment claims in the third week of March 2020 went up over 2,700% from the week before, yet the Fed chose to include the first three months of 2020 in their analysis. The vast majority of the full-service restaurant job losses that the study attributes to the Minneapolis minimum wage increase occurred during the pandemic and racial justice protests in 2020.
StarTribune
November 19, 2021
According to a report from the Economic Policy Institute, increasing wages can also reduce racial pay inequality. Data from 2019 shows that Hispanic workers are paid 11 percent less than their white counterparts, and Black workers are paid nearly 15 percent less than their white counterparts.
TMJ-4
November 19, 2021
One answer is they’re clearly earning more: Data from the Economic Policy Institute shows a “V-shaped” wage curve that began in April 2021 has translated into a near 5% year-over-year jump in average hourly earnings. But most, if not all, of that money is being eaten up by spiking prices (over 6%, as per the latest consumer price index figures) across sectors and products.
Yahoo Finance
November 19, 2021
“Anything that in the very short run puts a lot of pressure on family budgets across the board will cause more stress and damage to low-income households because they just have less scope to absorb it,” said Josh Bivens, director of research for the Economic Policy Institute.
Bloomberg
November 19, 2021
“There’s very little anyone can do about the inflation that’s in the pipeline right now for the next two or three months,” Josh Bivens, the director of research for the Economic Policy Institute, a progressive think tank, told The Early, though he thinks it will start to dissipate next year. “It’s just a very difficult spot for them to be in.”
The Washington Post
November 19, 2021
Jones, who worked at the Economic Policy Institute before joining the administration, said, “That’s why I think we should not pump the brakes on the economy. It is much harder and it takes much, much longer — and we saw this after the great recession — to bring millions of people back into the labor market than it is to slow inflation.”
Bloomberg
November 19, 2021
All of these bills were written to funnel money to the parts of the country that were less educated, less affluent, left behind. Adam Hersh, a visiting economist at the Economic Policy Institute, projects that more than 80 percent of the new jobs created by the infrastructure plan will not require a college degree.
The New York Times
November 19, 2021
Moreover, income requirements for food assistance programs like SNAP are stringent and out of touch with modern living costs. In our state of Utah, a family of four must make less than $34,000 a year to be SNAP-eligible. Meanwhile, the Economic Policy Institute estimates such a family living in Salt Lake County needs an annual income more than double that for an adequate standard of living.
CNN
November 19, 2021
“Anything that in the very short run puts a lot of pressure on family budgets across the board will cause more stress and damage to low-income households because they just have less scope to absorb it,” said Josh Bivens, director of research for the Economic Policy Institute.
Bloomberg
November 19, 2021
Using different methodology, Adam Hersh, a visiting economist at the liberal Economic Policy Institute, recently calculated that over the first five years of implementation the infrastructure plan would create nearly 775,000 jobs annually, while the Build Back Better plan would add about another 2.3 million jobs a year. Hersh also projects that more than 80% of the infrastructure plan’s new jobs would not require college degrees, while non-college jobs would compose almost exactly four-fifths of those created by the broader plan.
CNN
November 19, 2021
Cites EPI research multiple times.
November 19, 2021
According to the Economic Policy Institute, the compensation for CEOs have grown by 1,322% since 1978. At the same time, the compensation for a typical worker has grown 18%. This kind of gap cannot be unnoticed and we should discuss why such inequality exists today.
Industry Week
November 18, 2021