According to the Economic Policy Institute, 46 percent of renters nationwide are paying more than 30 percent of their incomes on housing.
The home ownership rate in the United States in the fourth quarter of 2021 was 65.5 percent. Partially because apartment rentals in New York City are so widespread, home ownership in New York State is only 53.6 percent.
Hudson Valley One
September 12, 2022
On the other hand, the Economic Policy Institute says that between 1979 and 2019, while net productivity increased by close to 60%, worker compensation only grew by about 16%. Additionally, wage inflation this year has still not kept pace with the rise in inflation, so perhaps compensation is simply catching up to productivity right now.
Lincoln Journal Star
September 12, 2022
“Quiet quitting”—an allegedly new trend characterized by workers performing only their required job duties and no more—has been getting a lot of attention in recent weeks, but the defining trend of the past 40 years of U.S. economic history is “quiet fleecing,” and we should be talking much more about it.
“The reality is workers have long been going ‘above and beyond’ and not getting paid for it.”
That’s the argument put forth Friday by the Economic Policy Institute (EPI), a progressive think tank with a long track record of popularizing research on wage suppression and runaway inequality.
“Everyone’s obsessed with a post-pandemic phenomenon called ‘quiet quitting,’” EPI wrote in an email. “It’s basically defined as workers just doing the basic requirements of their jobs and not going ‘above and beyond.’”
“But the reality is workers have long been going ‘above and beyond’ and not getting paid for it,” EPI continued. “We’re calling this phenomenon ‘quiet fleecing.’”
Common Dreams
September 12, 2022
That holds true as recently as 2019, when an Economic Policy Institute study found that Black workers in the U.S. overall had double the likelihood of experiencing unemployment, though the gap for college-educated workers was smaller.
Charlotte Observer
September 9, 2022
Additionally, Stacker spoke with Elise Gould, Senior Economist at the Economic Policy Institute, to get more insights into the economy. She helped provide information as to why layoffs are now at record lows.
Stacker
September 9, 2022
In Western profit-driven, shareholder-first companies, the compact between management and workers has long since broken down. Chief executive pay is up 1,300% since 1978, and is now 351 times higher than a typical worker, according to the Economic Policy Institute. Disengagement seems a natural consequence.
Bloomberg (via Washington Post)
September 9, 2022
“It is very frustrating to me that Congress and many state legislatures — but not all — have effectively abandoned their commitment to paying decent wages,” Ben Zipperer, an economist specializing in the minimum wage and low-wage labor markets at the left-leaning Economic Policy Institute, previously told Insider.
Business Insider
September 9, 2022
Teacher salaries have remained stagnant across the country since 1996, and a report from the Economic Policy Institute shows California teachers were paid 17% less than comparable college-educated workers last year.
The Hill
September 9, 2022
“That’s just insane,” says Kent Williams, a litigator known for successfully representing hundreds of workers in a wage-theft lawsuit against Chipotle. “Prisoners make more than that.” How much value Scientology derived from immigrant workers is a matter of conjecture, relying on a significant number of variables: how many hours per week they worked, for how many years, at what nominal pay, and so on. But labor lawyers specializing in wage-theft cases do attempt to make such calculations. Four of these experts (Nicole Hallett, the director of the Immigrant Rights Clinic at the University of Chicago Law School; Daniel Costa, the director of immigration law and policy research at the Economic Policy Institute; David Cooper, the director of the Economic Analysis and Research Network at EPI; and Williams) agreed that based on estimates provided by former Scientologists, CIS data, and tax documents obtained by sources, over the past 30 years Scientology’s use of foreign workers has probably saved the church hundreds of millions of dollars and potentially more than $1 billion.
New York Magazine
September 9, 2022
Fifteen other states and the District of Columbia have voucher programs (six have educational savings accounts and nineteen have tax-credit scholarships), the oldest being one in Milwaukee. The program there began in 1990 and has expanded around the state, with less than 5 percent of Wisconsin students participating. In 2007, the Economic Policy Institute, a left-leaning think tank, found that “it is still not possible to measure whether voucher students in Milwaukee perform better or worse than their counterparts who remain in public schools.”
Texas Monthly
September 9, 2022