In a video that went viral this week, Rep. Katie Porter (D-Calif.) cited an Economic Policy Institute analysis showing how larger corporate profits are behind 53% of the higher prices Americans are facing at gas pumps as well as when buying groceries and paying for other essentials.
Common Dreams
October 21, 2022
An analysis released in August by the Economic Policy Institute shows teachers’ weekly pay and total compensation have worsened over time compared to other college-educated professionals. The EPI report acknowledged this situation discourages college students from entering teaching careers and makes it more difficult for districts to retain teachers.
K-12 Dive
October 21, 2022
The big picture: Over 61% of people who work cleaning houses in the U.S. are Hispanic, according to an analysis of census data from the Economic Policy Institute think tank.
Axios
October 21, 2022
Latinos also are less likely to have access to investing. Latino household wealth lags that of white counterparts, and only 26% of Hispanic households have access to an employer-sponsored 401(k) plan, compared to 37% of Black households and half of white ones, the Economic Policy Institute found.
CNBC
October 21, 2022
Modern interpretations of the “brand called you” present a trade-off of sorts. Workers are no longer reliant on the fecklessness of an employer that could at any moment pivot, downsize or cut wages. There are heaps of corporate data pointing to those possibilities: Over roughly the last four decades, typical hourly worker pay rose 17.5 percent while productivity rose by nearly 62 percent and C.E.O. compensation by 1,460 percent, according to the Economic Policy Institute.
New York Times
October 21, 2022
The Washington, D.C.-based think tank Economic Policy Institute estimates that day care in Michigan costs $905 a month for an infant, and $741 for a 4-year-old child. Housing in Michigan on average costs $844 a month, according to the Economic Policy Institute.
MiBiz: West Michigan Business News
October 21, 2022
Like many observers, Reeves paints a picture of an economy that has failed men. Their labor force participation has fallen sharply, for instance. However, Reeves’s contention that the drop is due to “a one-two punch, of automation and free trade” is undermined by his subsequent concession that no academic consensus exists on these points. Reeves also writes that the “median real hourly wage for men peaked sometime in the 1970s and has been falling since.” But analysts ranging from the liberal Economic Policy Institute to, well, me, have found that, after a lengthy period of decline, men’s pay has rebounded back to historic highs over the past 30 years.
Education Next
October 21, 2022
The Economic Policy Institute reported that economic consequences of being denied an abortion included a higher chance of living in poverty, a lower likelihood of full time employment and an increase in unpaid debt and financial distress.
The Hill
October 21, 2022
The CTC originated from the Taxpayer Relief Act of 1997. It started at $400 per qualifying child and was a nonrefundable tax credit. Nonrefundable tax credits reduce the taxpayer(s)’ tax liability and aren’t issued as a tax refund. The Economic Policy Institute stated that the purpose of Congress creating the CTC was to minimize the tax burden of families having more children. It gained momentum and was widely supported by both Democrats and Republicans, which led to an increase of $1,000 per qualifying child of age 16 and under in 2001 initiated by the Bush administration’s tax policy.
Bloomberg Tax
October 21, 2022
According to the Economic Policy Institute, the average child care worker in the U.S. makes about $13.51 an hour. That’s roughly $30,000 a year, which is less than half of what the average U.S. worker makes at almost $28 an hour.
The Economic Policy Institute says that raising the minimum wage to at least $21 per hour would help retain the workforce and give workers the financial security they need.
News Nation Now
October 21, 2022