Even before the pandemic, the cost of child care in New York had soared: The average cost of child care is $15,394, more than both the cost of in-state college tuition and average rent, according to the Economic Policy Institute.
19th News
April 1, 2022
From health care to education to economics and business, … A 2021 report from the Economic Policy Institute found the median hourly wage (paywall).
Crain’s Chicago Business
March 25, 2022
Staff shortages are an issue districts have been dealing with across Minnesota and the rest of the country. A recent report from the left-leaning Economic Policy Institute found state and local public education employment down nearly 5 percent since the start of the pandemic.
MPR News
March 25, 2022
But not all of these workers are leaving the labor market. There is evidence that many are “reshuffling” — that is, moving among different jobs in the same sector, or even between sectors. According to an analysis of BLS data conducted by the Economic Policy Institute in November of 2021, hiring rates are exceeding quit rates across many sectors, which suggests that high wage growth is attracting new applicants to open positions — and that many workers are both able and willing to accept jobs that are sufficiently attractive.
Harvard Business Review
March 25, 2022
Earning $15 an hour is the equivalent of $31,200 annually, if you assume the worker is scheduled 40 full hours a week for the entire year (which isn’t true for many low-wage workers). That is below what anyone needs to maintain a “modest yet adequate standard of living” in Nevada, according to a separate analysis done recently by the Economic Policy Institute.
This is Reno
March 25, 2022
According to findings from the Economic Policy Institute, the growth in worker productivity over the past seventy years hasn’t been mirrored by anything like a commensurate increase in wages. In recent decades, however, compensation for those now at the commanding heights of financial activity has ballooned — average Wall Street bonuses growing by an astonishing 1,743 percent since 1985 when adjusted for inflation (had the minimum wage grown at the same rate, it would currently be $61.75 rather than a meager $7.25).
Jacobin
March 25, 2022
According to the Economic Policy Institute, women earn 22 percent less than men, but grocery stores don’t charge women 22 percent less for groceries. Utilities don’t give us a break on our telephone, water or electricity bills because we are women and earn less. The pay gap contributes to women’s economic insecurity. When the pay gap is combined with the effects of COVID-19 on women’s employment, the result is a precarious existence for too many women.
Richmond Free Press
March 25, 2022
“There is sometimes a perception that the workers who would benefit from a higher minimum wage are mostly teenagers in their first jobs,” the authors of an Economic Policy Institute report wrote. “In fact, the data show that most of the workers who would benefit from a federal increase to $15 are older and full-time workers.”
Business Insider
March 25, 2022
In recent years, forced arbitration clauses have become standard in many employment and consumer contracts. How many? In 2019, a study by the Economic Policy Institute, the National Employment Law Project, and the Center for Popular Democracy documented that more than half of American workers were already bound to such contracts, and projected that if the trend continued, fully 80 percent of U.S. workers would be bound by those terms by 2024.
American Prospect
March 25, 2022
According to the Economic Policy Institute, the spending power of that $7.25/hour has already dropped dramatically since 2009. In 2021 dollars, $7.25 was more like $9.17 per hour in 2009.
News Nation Now
March 25, 2022