But when Airbnbs pop up in residential neighborhoods, that hits housing supply as it takes away properties from the long-term residential market into the short-term travel market, a 2019 report from the Economic Policy Institute said.
MarketWatch
October 14, 2022
According to the Economic Policy Institute, 30 of America’s 50 states and Washington, D.C., have enacted minimum wages that are higher than the federal standard. That leaves 20 where employers are still allowed to pay their workers as little as $7.25 an hour. Five of them — Alabama, Louisiana, Mississippi, South Carolina and Tennessee — have no minimum wage at all. Two others — Georgia and Wyoming — still have their minimum wages set at $5.15 an hour. In all seven of those states, the federal threshold of $7.25 applies.
Yahoo Finance
October 14, 2022
According to the Economic Policy Institute, the median savings of American workers, including plans such as 401(k)s, was just $60,000. For the 40 percent of Americans aged 60–69 who even have a 401(k), the median holding is about $82,000. But that is enough for maybe six or seven years, while the average life expectancy for a 65-year-old is 18.2 years for men and just under 20 years for women.
American Prospect
October 14, 2022
Notably, one in seven gig workers, or people working for companies like Uber and DoorDash, are making less than the federal minimum wage, the Economic Policy Institute found earlier this year. Corporations are allowed to exploit the fact that such workers aren’t classified as employees in order to not guarantee a minimum wage or provide benefits. The fact that these jobs exist and are still staffed is evidence that Johnson’s bad faith claim that wages would rise if there were fewer wage regulations is blatantly untrue.
Truthout
October 14, 2022
Ten states apply that test to wage and hour benefits, though some only for workers in certain industries such as construction and landscaping, according to the Economic Policy Institute.
CNBC
October 14, 2022
A study published in June by the Economic Policy Institute, a progressive think tank, found, “about 1 in 7 gig workers (14 percent) earned less than the federal minimum wage on an hourly basis and more than a quarter (29 percent) earned less than the state minimum wage.”
The Register
October 14, 2022
The rest is misery. Citing the research database RealtyTrac, Prins notes that foreclosures leapt 21 percent in 2009, affecting nearly three million households. As many as 3.7 million slid below the poverty line in 2009, per the Economic Policy Institute, while one in five children were living in poverty. The banks paid their fines and emerged largely unscathed. By 2014, Prins observes, their stock index was up 280 percent from a market low five years earlier.
Jacobin
October 14, 2022
Top executives earned 399 times that of the typical worker in 2021, according to a new reprot from the Economic Policy Institute (EPI). PAYWALL
Fortune
October 14, 2022
Pay scales need to rise in many school districts. Teachers earned an estimated average of just $66,397 in the 2021-22 school year, while the Economic Policy Institute recently reported that teachers’ average weekly inflation-adjusted pay has increased by just $29 since 1996, compared with $445 per week for other college graduates. In recent years, several governors have devoted state dollars to hikes in teachers pay, influenced in part by the Red-for-Ed rallies that teachers staged at many statehouses just before the pandemic began.
The 74
October 14, 2022
A 2018 report from the progressive nonprofit Economic Policy Institute ranked Nevada fourth in the nation for the most unequal income distribution, which increased briskly since 2007. While the nation was recovering from the Great Recession between 2009 and 2015, Nevada’s top 1 percent captured most of the income growth, snagging 81 percent from the pie, according to the report from the Economic Policy Institute.
Nevada Independent
October 14, 2022