The open question, Smith said, is whether the major policy shifts embedded in the climate package President Biden signed last week will offset those losses with new jobs. The legislation provides incentives for automakers to move their production lines away from China and other countries and back to the United States. Before the legislation passed, the Economic Policy Institute, a liberal-leaning think tank, projected that 75,000 autoworker jobs could be lost by 2030 in the transition to electric cars and trucks without strong federal policies that protect and promote American employment.
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The Economic Policy Institute, a U.S.-based liberal think tank, estimated a loss of 75,000 U.S. automotive jobs by 2030 if, as President Joe Biden envisions, half of all car sales are battery electric vehicles by that year — unless the U.S. subsidizes reshoring of jobs and supports industries critical to electric vehicle production.
MarketWatch August 26, 2022 -
In a September study, the Economic Policy Institute, a liberal think tank, said that the US could shed 75,000 auto jobs by 2030 if electric cars rise to 50% of domestic sales. (Today, they account for around 5%.) European automotive suppliers estimate that rapid electrification could cost them 275,000 jobs by 2040, even accounting for new positions that arise making EV parts.
Business Insider August 26, 2022 -
The disparity between what teachers are paid and what their peers in other, comparable professions earn has reached an all-time high, according to findings published this month by the nonprofit Economic Policy Institute (EPI).
For decades—indeed, almost every year since the EPI first began documenting the teacher pay penalty in 1996—the pay of teachers has slipped further behind that of their non-teacher counterparts, adjusted for education, experience and demographics.
In 2020 and 2021, the two years whose data has been newly considered in this most recent EPI report, that gap reached new heights, with teachers earning 23.5 percent less than their professional peers. (The two data sources for this analysis come from the Bureau of Labor Statistics.)
What that means is that teachers in the United States earn, on average, about 76.5 cents on the dollar compared to similar professionals who have bachelor’s degrees
EdSurge August 26, 2022 -
- Industries that employ the majority of H-2B visa holders have accounted for nearly $1.8 billion in wage and hour violations during the past two decades, creating an environment that is likely exploitative of migrant employees and U.S. citizens who work beside them, according to an Aug. 18 Economic Policy Institute report.
- EPI pointed to more than 180,000 violations between the fiscal years of 2000 and 2021 across a list of seven industries, including amusement; construction; food services; forestry; hotels and motels; janitorial services; and landscaping services. In all, more than 1.6 million employees were owed back wages.
- EPI said its data represented violations and back wages owed to any employees in the select industries, including U.S. citizens, lawful permanent residents, H-2B workers and workers of any other immigration status.
HR Dive August 26, 2022 -
The Washington Post August 26, 2022
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Teachers pay a ‘wage penalty’
The Economic Policy Institute used government data to argue that average weekly wages for teachers, when adjusted for inflation, increased about $29 in the 25 years between 1996 and 2021.The weekly wages of all other college graduates rose by $445 over the same time period using the same inflation-adjusted figures. See the full argument.While teachers do get non-salary compensation, like time off in the summer and health and retirement benefits, they are still paying a “wage penalty” compared with other college-educated workers, according to EPI.CNN August 26, 2022 -
Teachers are paid less than their college-educated peers in other professions—a trend that’s only getting worse over time.
That’s according to a new analysis by the Economic Policy Institute, a nonpartisan think tank supported partially by teachers’ unions. The institute has been tracking the “teacher pay penalty” for 18 years, and in 2021, it reached a new high: Teachers earn 23.5 percent less than comparable college graduates.
Education Week August 26, 2022 -
Although Columbus’ striking teachers say compensation isn’t their top issue at the bargaining table, new data illustrates the widening pay gap between Buckeye State educators and their college-educated peers.
Why it matters: Low pay is one reason why school districts nationwide are struggling to find teachers.
Details: Ohio teachers make 14.4% less than other college graduates here, per the Economic Policy Institute.
The big picture: The disparity is even wider on the national level, which saw a record-high 23.5% gap in 2021.
- The gap was just 6% in 1996. But while other college-educated career salaries have risen over the past four decades, teachers’ salaries have remained flat.
Axios August 26, 2022 -
CNBC Marathon explores if why the education system in the U.S. is struggling by taking a hard look at the Common Core, teacher’s salaries and sex education. First implemented in 2009, Common Core was an ambitious initiative to revolutionize the American education system. National leaders from Bill Gates to President Obama supported the idea and it cost an estimated $15.8 billion to implement. Years later, research showed the new curriculum had minimal impact on student performance. So why did Common Core fail? Can a common curriculum be successful for all students? At the same time, teachers earn nearly 20% less than other professionals with similar education and experience, according to the Economic Policy Institute. In many states, their wages are below the living wage, forcing teachers to seek secondary jobs to supplement their income or leave the profession all together. So why are teachers paid so little and how can the U.S. fix that?
CNBC August 26, 2022 -
It’s what’s called the “teacher wage penalty,” which the nonprofit and nonpartisan Economic Policy Institute (EPI) has been tracking for years. According to the EPI report, the penalty grew to a record high in 2021: to 23.5 percent, meaning that teachers earn that much less than other college graduates.
In 1996, the teacher wage penalty was 6.1 percent. Average weekly wages for teachers went from $1,319 in 1996 to $1,348 in 2021; for other college graduates, average weekly pay rose from $1,564 to $2,009 over the same period (both in 2021 dollars).
“Over the last 18 years, EPI has closely tracked trends in teacher pay,” the report says. “Over these nearly two decades, a picture of increasingly alarming trends has emerged. Simply put, teachers are paid less (in weekly wages and total compensation) than their nonteacher college-educated counterparts, and the situation has worsened considerably over time.”
The Washington Post August 26, 2022