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EconomicPolicyInstitute

Austerity at all levels of government has created a teacher shortfall

The Labor Department’s September employment data reveals that there are 214,000 fewer public education jobs than there were eight years ago. A new Economic Snapshot shows that the pursuit of austerity at all levels of government has resulted in a shortfall of 372,000 jobs in public education. The costs of a significant teacher gap are measurable, with children experiencing larger class sizes, fewer extracurricular activities, and changes to the curricula.

RETIREMENT

Hispanic workers are less likely to have the opportunity to participate in retirement plans

A new Economic Snapshot shows that Hispanic workers lag far behind other workers in retirement plan participation. While some workers opt out of a 401(k) and other voluntary plans, 59 percent of Hispanic workers lack access to retirement plans, resulting in an increased reliance on Social Security and working in old age.

IN THE NEWS
Reuters
On NPR’s All Things Considered, EPI’s Valerie Wilson discussed her recent report on the racial wage gap. | "Researchers Find Racial Wage Gap Has Grown" »
Reuters
In a letter to the New York Times about U.S. trade policy, EPI President Lawrence Mishel writes, “Only now, as the effects of globalization are being made clear politically, are people coming around to what some economists have known all along.” | "How Trade Deals Have Hurt American Workers" »
Reuters
The Washington Post cited EPI research on the gender pay gap, noting that “even though women disproportionately enter lower-paid, female-dominated occupations, this decision is shaped by discrimination, societal norms and other forces beyond women’s control.” | "Why you should give your sons more chores than your daughters" »
Reuters
In a story about flexible work schedules, MarketWatch cited EPI research, writing, “Nearly one in five U.S. workers has an unstable work schedule.” | "Stop whining about your 9-to-5 job — workers want stability more than flexibility" »
Reuters
Politico quoted EPI’s Elise Gould on the Labor Department’s September jobs report. “The slight increase to the unemployment rate was the result of more workers entering the labor force, which may reflect optimism about future job prospects and economic growth." | "Economy created 156,000 jobs in September" »
Reuters
In a story about a proposal to increase Maine’s minimum wage to $12, Voice of America cited EPI research, noting that the current federal minimum wage of $7.25 an hour has not sufficiently kept up with rates of inflation, resulting in decreased purchasing power. | "In Maine, Voters Wrestle With Income Inequality" »
From the EPI Blog
Pedro da Costa
What’s luck got to do with it? When it comes to money, quite a bit
Josh Bivens
Why is the economy so weak? Trade gets headlines, but it’s more about past Fed rate hikes and the TCJA’s waste
Valerie Wilson and Jhacova Williams
Racial and ethnic income gaps persist amid uneven growth in household incomes
Julia Wolfe and Hunter Blair
Government programs kept tens of millions out of poverty in 2018
Elise Gould and Julia Wolfe
Slowdown in household income growth continues in 2018
Melat Kassa and Zane Mokhiber
By the Numbers: Income and Poverty, 2018
Valerie Wilson and Elise Gould
What to watch for in the 2018 Census data on earnings, incomes, and poverty
Elise Gould
What to Watch on Jobs Day: Wage growth is key to a sustainable recovery
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