EPI in the news

• Overcoming workforce challenges takes constant communication

  According to the BLS and the Economic Policy Institute’s Current Population Survey:

  • 43 percent or 16.3 million of all 16-24-year-old kids are not in school.
  • 31 percent of high school students don’t attend college, and of those who do go to college, 40 percent don’t finish.
  • Of those who do graduate from college, 37 percent are in jobs that only require a high school diploma.
  • The average hourly wage for a college graduate is $20.37 ($42,000 per year).
  • Today, over seven million job openings exist in the economy, 75% of which don’t require a college degree.  The average pay for those jobs is $55,000 per year.

  Distribution Contractors Association | August 23, 2019
• Should I be freaking out about all this recession talk?

  Perhaps the most significant consequences, though, are those that manifest themselves in the years that follow. As a 2009 report published by the nonpartisan Economic Policy Institute puts it, no recession is really a “one-time” event, since “economic hardships for parents will mean more economic hurdles for their children,” too. Things like extended periods of joblessness, abandoned education plans, and inadequate access to health care all create lingering costs that the economy will still be repaying long after the recession is officially over.

  GQ | August 23, 2019
• Bernie Sanders’s Green New Deal, explained

  While there’s plenty of research to show investments in infrastructure would certainly boost the economy and increase jobs — especially an investment as large as Sanders is proposing — the actual long term impacts of the levels of labor demand are harder to project, according to a 2014 study from the left-leaning Economic Policy Institute.

  VOX | August 23, 2019
• Els nervis de Trump davant els primers indicis d’una possible recessió als EUA (Trump’s nerves at the first signs of a possible recession in the US)

  Pedro da Costa at 1:19.

  A la Carta | August 23, 2019
• States get tough on wage theft

  In 2017, the Economic Policy Institute released a report which found that American employers are stealing about $15 billion from workers’ paychecks every year. That study, along with various other reports of growing abuse, has resulted in calls for reform.

  FindLaw | August 23, 2019
• So long to shareholder primacy

  That widening gulf might be reflected in this new report from the Economic Policy Institute, which showed that, from “1978 to 2018, CEO compensation grew by 1,007.5% [valued based on when options granted] (940.3% under the options-realized measure), far outstripping S&P stock market growth (706.7%) and the wage growth of very high earners (339.2%). In contrast, wages for the typical worker grew by just 11.9.

  Harvard Law School Forum on Corporate Governance and Financial Regulation | August 23, 2019
• Effie Caldarola: Together at the potluck

  Here’s a statistic that should bother us all: According to the Economic Policy Institute, compensation for CEOs has risen over 800 percent from 1978 to 2016. That far outpaces the growth of the stock market during that period. And worse, during that same time, the typical worker’s annual compensation rose a paltry 11.2 percent.

  Hawaii Catholic Herald | August 23, 2019

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