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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
Stephen Menendian and Richard Rothstein
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Heidi Shierholz, Lynn Rhinehart, and Celine McNicholas
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Not just ‘no heat’ but signs of cooling: The case for FOMC rate cuts has real merit
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It’s not trickling down: New data provides no evidence that the TCJA is working as its proponents claimed it would
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Detailed estimates for policies in EPI’s ‘Budget for Shared Prosperity’
Margaret Poydock and Celine McNicholas
August Recess 2019: A look back at the House’s legislative victories that benefit working people
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Affordability and quality—attainable goals for an effective early care and education system
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