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EconomicPolicyInstitute

Housing discrimination swelled the racial wealth gap

In a new article, EPI Economic Analyst Janelle Jones writes that the racial wealth gap is much larger than the wage or income gap. A median white family had 12 times as much wealth as a median black family in 2013. Given that house equity makes up about two-thirds of all wealth for the typical family, the racial wealth gap can be traced to discriminatory housing policies and their aftermath, which have deprived blacks of the same opportunities to build housing wealth.

WAGES

New Jersey public school teachers face an almost 17 percent pay penalty

In a new report, EPI Research Associate Jeffrey Keefe finds that public school teachers earn 17 percent less in weekly wages and 12.5 percent less in weekly compensation (wages and benefits) than other similarly educated full-time workers in New Jersey, when controlling for factors such as experience, gender, ethnicity, and weeks worked. But New Jersey public school teachers do benefit from smaller gender and racial wage gaps, he notes.

LABOR

Andrew Puzder withdraws nomination for labor secretary

On February 15, President Trump’s first nominee for labor secretary, Andrew Puzder, withdrew from consideration. EPI’s Heidi Shierholz  made the case that Puzder’s withdrawal was a victory for working people. “Americans need a labor secretary who respects the rule of law, who will work to raise wages and uphold basic labor protections like the minimum wage, paid leave, safe workplaces, and overtime pay,” Shierholz said.

IN THE NEWS
Reuters
Dana Millbank of The Washington Post listed EPI as one of the leading intellectual organizations to challenge the Trump administration. | "Here’s how you can deal with Trump — besides drinking Everclear" »
Reuters
Bloomberg Markets quoted EPI’s Robert Scott on why it would be a “huge mistake” to dissolve NAFTA now; Scott noted that the North American Free Trade Agreement has caused Canada, Mexico, and the United States to become closely integrated. | "Your margarita night might be safe from Trump’s NAFTA overhaul" »
Reuters
In a story about President Trump’s unrealistic jobs plan, Quartz cited work by EPI Economist Ben Zipperer, who finds that filling the projected number of new jobs would require raising the share of those aged 65 and older in the workforce from 19 percent today to more than 32 percent. | "The math behind Trump’s growth plan suggests record levels of US seniors would have to keep working" »
Reuters
EPI’s Heidi Shierholz told the Huffington Post that Andrew Puzder’s nomination for labor secretary revealed “the complete scorn Trump actually has for workers." | "If Trump really cared about the working class, Puzder never would’ve been nominated" »
Reuters
In a story on domestic workers, The New York Times cited EPI research noting, “about 38 percent of nannies in New York State are non-naturalized immigrants.” | "Nanny on a mission" »
From the EPI Blog
Julia Wolfe and Dave Kamper
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Restaurant labor shortages show little sign of going economywide: Policymakers must not rein in stimulus or unemployment benefits
Elise Gould
Job openings surged in March as the economy continues to recover from the pandemic 
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This Mother’s Day, recognize care work as the work that powers our economy
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While a disappointing jobs report, job gains in leisure and hospitality respond to increased demand in April
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What to watch on jobs day: An improving labor market, but rising long-term unemployment and a significant jobs shortfall are still causes for concern
Terri Gerstein, Lorelei Salas, and David Seligman
When corporations deceive and cheat workers, consumer laws should be used to protect workers
Heidi Shierholz
U.S. labor shortage? Unlikely. Here’s why
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