Media clips

• WATCH: 2 economists on where the U.S. economy is headed now

  The PBS NewsHour’s Digital Anchor, Nicole Ellis, spoke to two economists – Diana Furchtgott-Roth, George Washington University adjunct economics professor and former chief economist at the Department of Labor, and Elise Gould, senior economist at the Economic Policy Institute – about how they interpret the current state of America’s economy and what they’re watching.

  PBS Newshour September 2, 2022
• Nearly 70% of LA teachers have seriously considered quitting, study finds

  A report by the Economic Policy Institute released this month found the teacher pay penalty – the wage gap between teachers and other professionals with similar education experience – hit a new high, reaching 23.5% in 2021.

  The Guardian September 2, 2022
• Teacher Education Programs Desperately Seek Students

  That feeling of disrespect has material roots. There has long been a “pay penalty” associated with teaching, compared to professions that require similar levels of education. Adjusted for inflation, teachers’ average weekly pay has increased by just $29 since 1996, according to a new report from the Economic Policy Institute; by comparison, other college graduates have seen an average increase of $445 per week over the same period. Low wages and high stress have led to a resurgence of labor organizing and militancy among teachers, including upcoming strikes planned in large districts like Columbus, Ohio, and Philadelphia.

  Inside Higher Ed September 2, 2022
• Manufacturing in the Green Industrial Policy Era

  The socioeconomic potential these jobs would bring is significant. According to the Economic Policy Institute, the decline of manufacturing in the U.S. has had its most adverse effects on workers of all races without a college degree. From 1998 to 2020, for example, the number of Black workers in manufacturing dropped by 30.4 percent—a loss of 646,500 jobs. In total, five million manufacturing jobs were lost in that same period.

  The loss of such jobs has compounding effects. Black, Hispanic, and Asian American Pacific Islanders in manufacturing earn around 14 to 18 percent more than their non-manufacturing counterparts. For white manufacturing workers, the disparity is larger: They earn 29 percent more than non-manufacturing white workers.

  The American Prospect September 2, 2022
• September 2, 2022
  September 2, 2022
• Inflation ‘is not coming from the labor market,’ economist says

  EPI Senior Economist Elise Gould joins Yahoo Finance Live anchors Akiko Fujita and Brian Cheung to discuss inflation, the labor market, and the Fed’s dual mandate.

  Yahoo Finance August 26, 2022
• Low pay in Virginia leading cause of teacher shortage

  “Teachers are one of the most consequential professions that there are right? Because after all, they have the future of the workforce in front of them every day,” Economic Policy Institute Research Associate Sylvia Allegretto said.

  NBC 29 August 26, 2022
• Teachers have not had much of a raise in 25 years, data show

  Cardona’s office told PolitiFact that he was referring to statistics from the Economic Policy Institute, a liberal think tank. 

  In a report released Aug. 16, the group found that inflation-adjusted average weekly wages of teachers had increased by just $29 between 1996 and 2021, specifically from $1,319 to $1,348 in inflation-adjusted dollars. 

  Politifact August 26, 2022
• Teacher salaries have barely budged over the last 25 years

  The average weekly inflation-adjusted wage of public school teachers increased just $29 from 1996 to 2021, per a report by the Economic Policy Institute.

  Axios August 26, 2022
• Marc Goldwein and the Limits of Deficit Scolding

  I’m far from the first person to notice Goldwein’s hypocrisy. Economist Heidi Shierholz, the president of the Economic Policy Institute, tweeted back in May, citing a CRFB paper, “If student debt cancellation is not good stimulus, that means it is also not very inflationary.” She also pointed out that the current debt payment moratorium, which has been going on for two and a half years—in other words, the entire inflationary cycle—meant that “even if somebody’s debt is entirely cancelled under a new policy, their monthly costs won’t decrease relative to what they currently are. This will dramatically limit any impact on new spending and hence provide no upward inflation pressure relative to the status quo.”

  American Prospect August 26, 2022
• California Fights to Set Minimum Work Standards in Fast Food Establishments Statewide

  “This could be a historic turning point,” said Jennifer Sherer, a senior state policy coordinator with the pro-labor Economic Policy Institute. “The bill is a very important acknowledgement that our federal labor law, which we know is supposed to protect the right of local workers to organize, is broken. We cannot wait for federal reform.”

  Capital and Main August 26, 2022
• New Report Shows Colorado Teachers Losing Ground In Pay Penalties

  A new report out from the Economic Policy Institute found that the so-called teacher pay penalty is at an all time high, but that gap is even higher right here in Colorado. KGNU News Director Shannon Young spoke with report author and Economic Policy Institute research associate, Sylvia Allegretto.

  KGNU August 26, 2022
• Wage thieves will soon face criminal prosecution in Multnomah County

  The union-backed think tank Economic Policy Institute reported last year that district attorneys in at least 15 states had brought criminal charges against employers for wage theft or other workplace issues. The report noted a small but growing number of district attorneys are creating labor units specifically to prosecute employer crimes against workers.

  NW Labor Press August 26, 2022
• Economists Fear Fed Minutes Show Central Bank Bent on ‘Unleashing Mass Unemployment’

  “We have a supply-side problem, but rather than trying to restore or raise supply-side capacity the Fed is aiming to push demand down to the level where supply is currently constrained by pandemic, war, and climate crises,” noted Adam Hersh, a senior economist at the Economic Policy Institute.

  Common Dreams August 26, 2022
• Opinion: Ford’s job cuts are just the beginning of another EV earthquake

  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
• Ford is slashing thousands of jobs as it goes electric. Experts say a tidal wave of layoffs will rock the industry as it undergoes a seismic shift.

  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
• Teacher Pay Penalty Reaches Record High. What’s at Stake?

  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
• H-2B visa holders at risk for wage exploitation, EPI says
  • 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
• Ford slashing 3,000 jobs as it looks to make EV transition

  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.

   
  The Washington Post August 26, 2022
• Why teachers seem more willing to go on strike

  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
• The Gap Between Teacher Pay and Other Professions Hits a New High. How Bad Is It?

  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
• Ohio teachers make 14.4% less than other college grads

  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

  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
• Teacher ‘pay penalty’ hits new high

  Amid what is being called crisis-level teacher shortages in public school districts across the country, a new report offers a partial explanation: Average weekly wages of teachers increased just $29 — repeat, $29 — from 1996 to 2021, compared with a $445 increase in weekly wages of other college graduates. (The figures were adjusted only for inflation.)

   

  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
• Are Colorado teachers the nation’s most underpaid?

  That finding comes from the Economic Policy Institute, a union-backed progressive think tank, that for years has studied the teacher wage penalty, meaning the earnings that teachers forego by not going into another profession that requires similar training and education.

  When adjusted for inflation, average teacher weekly earnings have increased just $29 since 1996, according to the Economic Policy Institute, while weekly wages for other college-educated workers have gone up $445 in the same time period.

  Chalkbeat Colorado August 26, 2022
• Illinois teachers paid much less than college educated peers

  Why it matters: The district, like much of the country, is struggling to find teachers.

  • One reason might be salaries.

  Driving the news: A new study by the Economic Policy Institute looks at how much teachers make compared with other careers that require a college degree.

  • Illinois teachers are paid 23.4% less than their college-educated peers on average, worse than Iowa, Wisconsin, Michigan and Indiana.
  • Illinois also fares worse than other states with big districts like California (17.6%) and New York (13.2%).
  Axios August 26, 2022
• Fed Diversity Is Improving. It Still Has a Long Way to Go

  “Seeing Lisa Cook be the first Black woman on the Board of Governors is amazing — that’s been great to see and inspiring,” said Kyle Moore, an economist at the Economic Policy Institute in Washington. “There are efforts at the Fed to diversity, this is evidence of that.”

  Bloomberg August 26, 2022
• ‘Starting to turn’: Cooling labor market shifts power back to bosses

  “I would love to believe something structural happened and [has] given those workers more power,” economist Josh Bivens, director of research at the Economic Policy Institute, said. But “I don’t think we changed anything all that structural to give them a lot of leverage” for good.

  Politico August 26, 2022
• Virginia teachers have one of the biggest pay gaps in the country

  Virginia is the third worst in the nation when it comes to the teacher pay gap, which measures teacher pay compared to other college-educated professionals.

  By the numbers: Virginia teachers make 32.7% less than college-educated workers in other fields, according to a new report from the Economic Policy Institute.

  • The national average teacher pay gap is 23.5%.
  • Only Colorado and Oklahoma have a pay gap larger than Virginia’s.

  Context: EPI’s report looks at weekly wages as opposed to annual salary to factor in the “‘summers off’ issue for teachers.”

  Why it matters: Virginia, like most of the rest of the country, is facing a teacher shortage, and most districts in the Richmond-area will start the year with vacancies and larger class sizes.

  Axios August 26, 2022
• August 26, 2022
  August 26, 2022