Media clips

• Fact-checking Ted Cruz’s ‘Real State of the Union’

  Understanding wage patterns also depends on what numbers you look at. Josh Bivens, research director of the left-leaning Economic Policy Institute, wrote in an email to PolitiFact Texas the statement does not seem accurate.

  Politifact March 18, 2022
• Female-dominated careers pay less as gender gap persists

  The Economic Policy Institute found typical domestic workers are paid $12.01 per hour and these workers are three times as likely to be living in poverty as other workers. They are also three times as likely to be living in poverty or be above the poverty line but still without sufficient income to make ends meet. 

  The Hill March 18, 2022
• 3 numbers to know this week

  The hourly rate needed for a full-time worker with no children to live in Orangeburg County, South Carolina, which currently boasts the lowest cost of living in the US, according to Insider. This figure, obtained from the Economic Policy Institute’s family budget calculator, is double the federal minimum wage, which hasn’t budged from $7.25 since 2009.

  Morning Brew March 18, 2022
• Here’s what ‘a modest yet adequate standard of living’ costs in Nevada

  A two-parent, two-child family in the Las Vegas metropolitan area would need to bring in $81,813 a year ($6,818 per month) to sustain a “modest yet adequate standard of living,” according to an updated analysis by the Economic Policy Institute.

  The Nevada Current March 18, 2022
• Biden joined by first lady to deliver remarks as women across the US mark National Equal Pay Day

  According to the Economic Policy Institute, women were paid 22.1% less on average than men in 2021, even after counting for race and ethnicity, education, age and geography. That figure has stayed fairly consistent since the early ’90s.

  KRTV March 18, 2022
• Report: Massachusetts Is The Most Expensive State To Have & Raise A Baby

  Finally, and most notably, the pillow company said they took the average cost of daycare over the course of a year for each state from the Economic Policy Institute. In that department, Massachusetts soared high above the rest with an average of $20,913 in yearly infant care costs as of 2020. Body Nest said that’s more than triple the cost of paying for infant care in the least expensive state, Alabama.

  WBZ News Radio March 18, 2022
• Here’s How Much You Could Buy With These CEOs’ And Other C-Level Executives’ Yearly Compensation

  The Economic Policy Institute (EPI) estimates that CEO compensation has grown 1,322% since 1978, while typical worker compensation has risen just 18%. In 2020, CEOs of the top 350 firms in the U.S. made $24.2 million on average, which was 351 times more than a typical worker.

  Benzinga (via Yahoo! Finance) March 18, 2022
• Inflation Stings Most If You Earn Less Than $300K. Here’s How to Deal.
  Teresa Ghilarducci is the Schwartz Professor of Economics at the New School for Social Research. She’s the co-author of “Rescuing Retirement” and a member of the board of directors of the Economic Policy Institute.

   
  Bloomberg March 18, 2022
• Unemployment rate ticks up for Black women

  Since 1972, the Black unemployment rate has always been higher than mainstream America, Ryan reports. However, according to Elise Gould, an economist at the Economic Policy Institute, “The white unemployment rate is now lower than the Black unemployment rate has ever been.”

  The Grio March 18, 2022
• The US has room for inflation to go even higher

  “There was a time when really high oil price inflation could’ve tipped us into a recession by clamping down on household spending,” said Josh Bivens, research director at the Economic Policy Institute. “But our oil extraction sector is pretty huge now… and they generate a ton of domestic profit now.”

  Quartz March 18, 2022