Along with that, male teachers have a much larger wage penalty, which is teacher pay compared with the pay of other career opportunities for potential and current teachers, than female teachers. In 2017, female public school teachers made 15.6 percent less than comparable female workers, but male teachers made 26.8 percent less than comparable male workers, according to the Economic Policy Institute.
OU Daily | February 13, 2019
The Economic Policy Institute, a labor-oriented think tank, compares the pay of CEOs to typical workers. The institute estimated that in the United States, the typical CEO makes 312 times more than the average worker. Based on our analysis, the ratio at McDonald’s is about 1,786 to one.
Politifact | February 13, 2019
Oxfam America’s report is based on an Economic Policy Institute Simulation Model using data from the Census Bureau, the Bureau of Labor Statistics and the Congressional Budget Office.
The Nevada Current | February 13, 2019
Now, consumer advocates worry that the same economic upheaval will be seen on a national scale if the T-Mobile and Sprint merger is approved. A December report from two left-leaning think tanks—the Economic Policy Institute and the Roosevelt Institute—found that the merger would suppress wages by up to $3,276 a year for all telecommunications workers in markets where T-Mobile and Sprint are most active. According to CWA estimates, the merger would kill up to 30,000 retail and headquarter jobs at T-Mobile and Sprint.
Mother Jones | February 13, 2019
Numerous empirical studies show that individual plaintiffs fare much worse before an arbitrator than they would before a real judge. A study by the Economic Policy Institute, for example, found that employees are far less likely to prevail before an arbitrator, and that they typically receive less money when they do prevail.
American Prospect | February 13, 2019
A 2017 Economic Policy Institute study found that workers lose an estimate $8 billion a year to their employers through wage theft, a crime that’s rarely prosecuted.
GQ Magazine | February 13, 2019
The wealthiest 1 percent of New Yorkers control about 31 percent of the state’s income, according to data from the Economic Policy Institute, a Washington-based think tank. They also account for half of the state’s income taxes, according to Mr. Cuomo.
The New York Times | February 13, 2019
Teacher strikes have brought much-needed attention to public education. Chronic under-funding has resulted in constant teacher shortages, outdated books, a lack of nurses and other staff, and lagging teacher pay in many school districts across the country. In this post I focus on trends in teacher pay. My partner Larry Mishel (Distinguished Fellow, Economic Policy Institute) and I have been writing about relative teacher pay for over fifteen years.
Berkeley Blog | February 12, 2019
While the district and DCTA argue over the amount of the raise, they both agree that teachers need one. Teacher pay continues to lag behind the pay of other college-educated workers, according to a 2016 report published by the Economic Policy Institute, a left-leaning think tank. The report found: “In 2015, public school teachers’ weekly wages were 17.0 percent lower than those of comparable workers — compared with just 1.8 percent lower in 1994.” Expect to see more strikes, particularly in cities like Denver, where a tech boom has increased the cost of living for all workers.
The Hechinger Report | February 12, 2019
The Economic Policy Institute compared college graduates’ wages within each state and showed teachers incur what they call a “teacher pay penalty.” Their analysis shows teachers in Alabama are paid 72 percent of what college graduates in other professions earn.
Andalusia Star-News | February 12, 2019
Other researchers have also drawn parallels between the present and the past. The Economic Policy Institute, a left-leaning Washington D.C. think tank, estimates that America’s top-earning 1% took in 22% of all national income. The organization said in 1928, 23.9% of the country’s income went to the top 1%.
MarketWatch | February 12, 2019
Bonuses have registered less of an impact, increasing just 2 cents an hour in the first nine months of 2018, according to Lawrence Mishel, former president of the Economic Policy Institute, a left-leaning research group.
The increase was “imperceptible,” Mishel wrote in December on EPI’s blog. “Whatever growth in bonuses has taken place is not necessarily attributable to the tax cuts, rather than employer efforts to recruit workers in a continued low unemployment environment.”
NBC News | February 12, 2019
Even that is more than three times the 312:1 CEO-to-average-worker ratio in 2017 for the 350 largest firms in the United States, according to an analysis by the left-leaning Economic Policy Institute. An anonymous survey of 356 companies by Equilar, an executive data company, found the median CEO pay ratio across all submitting companies was 140:1, and the average was 241:1.
The Washington Post | February 12, 2019
Now, a recent report by the Economic Policy Institute, a nonprofit based in D.C., suggests that Airbnb has an overwhelmingly negative economic impact on cities, with few benefits to balance it out — and asks why cities aren’t doing more to tax the homesharing service.
Skift | February 12, 2019
According to a recent analysis by the Economic Policy Institute, nearly 40% of African Americans and about a third of Latinx Americans would get a raise if the federal minimum wage was raised to $15 an hour. The continued shift to a tip-based economy jeopardizes our progress towards an inclusive economy.
Forbes | February 12, 2019
Kate C. Farrar, executive director of Connecticut Women’s Education and Legal Fund, suggests the council explore paid family and medical leave, and raising the minimum wage as top legislative priorities in 2019. Connecticut’s minimum wage is $10.10. Studies from the Economic Policy Institute says that gradually instituting a federal minimum wage of $15 would lift the pay for 41 million American workers.
Connecticut Health I-Team | February 12, 2019
To illustrate just how striking the impact of a higher minimum wage would be, Oxfam America created an interactive map showing how people would benefit across the U.S. (You can play with the data at the bottom of this article.) Using data from the Economic Policy Institute, a progressive think tank, Oxfam conducted a state-by-state analysis of what proportion of workers are currently working at the minimum wage, and would benefit from a higher one. Some states, like California and Massachusetts, which have already been pushing a $15 minimum wage, would see very few workers get a raise. But in states like Nevada and Mississippi, where wages are low and many people work minimum-wage jobs, 40.3% and 41.6% of workers, respectively, would see their pay go up.
Fast Company | February 12, 2019
The Hill | February 12, 2019
The Economic Policy Institute describes the difference between a teacher’s salary and a professional with similar education and experience as a pay penalty. Entry-level teachers often make 20 percent less than other entry level college graduates and by mid-career than extends to 30 percent.
Courthouse News Service | February 12, 2019
Today, 18 states still use the tipped minimum wage of $2.13 per hour even though some states have set higher minimum wages, according to the Economic Policy Institute, which frequently advocates minimum wage increases. In Nebraska, for example, the minimum wage is $9 while tipped workers still only make $2.13 an hour—meaning around $7 per hour is accounted for with tips. (EPI has a map that tracks the differences in each state.)
Forbes | February 12, 2019
The Economic Policy Institute describes the difference between a teacher’s salary and a professional with similar education and experience as a pay penalty. Entry-level teachers often make 20 percent less than other entry level college graduates and by mid-career than extends to 30 percent.
VOX | February 12, 2019
The Hill | February 12, 2019
The decline in teacher pay has been a significant public policy issue highlighted in these waves of strikes and protests. A report published by the Economic Policy Institute (EPI) in September 2018 found teacher pay has eroded since the mid-1990’s, with teacher pay penalties – the percentage by which public school teachers are paid less than comparable workers – growing to 18.7% in 2017.
The Guardian | February 12, 2019
How hard? As any parent can tell you, child care is one of the biggest costs a family faces. According to the Economic Policy Institute’s state-by-state tables, in Alabama it’s $5,637 a year for an infant and an only slightly less daunting $4,871 for a 4-year-old. That’s 69 percent of the average rent and 33.7 percent less than the cost of in-state tuition at a four-year college. At the other end of the alphabet, West Virginia parents are worse off: For them, infant care, at $7,926, is 32 percent more than the cost of college. Pick a state at random and the results are no better. New York: $14,144, or double the cost of a year of college. Illinois: $12,964. California: $11,817. No wonder child care is affordable for only a small minority of families, meaning they pay 10 percent or less of their income for it: 17.8 percent of families in Minnesota, 18.7 percent in Massachusetts, 37.7 percent in Georgia. And that’s for just one child. Most families have more.
The New York Times | February 12, 2019
In order to determine what it costs to retire in every state, 24/7 Wall St. reviewed annual expenses at the state level as determined by the Bureau of Labor Statistics’ 2017 Consumer Expenditure Survey. We then reviewed data from the Economic Policy Institute’s Family Budget Calculator for a couple 65 or older with no dependents, which measures the income a family needs in order to attain a modest yet adequate standard of living at the metropolitan level. Using the Consumer Expenditure Survey’s differences in budgetary needs between the average American and residents 65 and over, 24/7 Wall St. calculated the average annual retirement costs by state.
24/7 Wall St. | February 12, 2019
Last year D.C. made the news when the Economic Policy Institute released a report that stated that unemployment for African Americans in the District was the highest in the nation. Finding gainful employment, let alone a career, in the District can be hard. And returning citizens from the prison system face greater risk of unemployment and recidivism.
Afro | February 12, 2019
Some might argue that those rates are disparate because whites represent nearly 61 percent of the U.S. population, compared with Latinos’ 18 percent. But they’d be hard pressed to explain away the fact that the wage gaps between these two groups are so pronounced. And these gaps are due to discrimination, not educational attainment level or relevant work experience, according to an Economic Policy Institute paper from July 2018.
“Attaining a college education has not closed the average Hispanic-white wage gap,” the paper concluded. “In 2016, Hispanic women with … a bachelor’s degree or more education … made 36.4 percent less than white men with a college education, which is a just slightly narrower pay gap than in 1980 (37.7 percent) and is essentially the same as the pay gap between Hispanic women and white men with less than a high school education (those who have not obtained a high school diploma or equivalent) in 2016 (36.3 percent).”
The Register-Mail | February 12, 2019
Dr. Ben Zipperer, an economist at the Economic Policy Institute, told lawmakers there was no evidence that unemployment results from minimum-wage increases.
“Raising the national minimum wage is well overdue,” Zipperer said. “Workers today paid the federal minimum wage of $7.25 an hour, after adjusting for inflation, are paid 29 percent less than their counterparts 50 years ago. This is despite the fact the economy’s capacity to deliver higher wages has doubled in the last 50 years, as measured by labor productivity, or the amount of output produced by workers.”
Financial Advisor | February 12, 2019
According to the Economic Policy Institute, if the minimum wage were set at $15 across the country, pay would increase for nearly 40 million workers, or 26.6 percent of the national workforce.
Daily Princetonian | February 12, 2019
El salario mínimo federal actual, se subió por última vez en 2009 y lleva años desconectado de la evolución de la productividad y de la inflación. Desde entonces los aumentos que ha habido han sido derivados de iniciativas estatales y municipales. De acuerdo con los cálculos de varios economistas, entre ellos Ben Zipperer del Economic Policy Institute (EPI), de haber seguido en paralelo la evolución de la productividad, estos serían actualmente de $20 la hora y se calcula que $22.19 en 2024, para cuando se quieren $15.
El Diario | February 12, 2019