RentCafe says it used data from the U.S. Census Bureau, Economic Policy Institute, BLS, and Zillow to calculate how long it would take two-person families to save for a starter home down payment.
News12 Bronx
January 14, 2022
In a recent analysis of BLS data, Economic Policy Institute senior economist Elise Gould wrote, “The media has focused on the high quits rate, but what’s often missing from that coverage is that workers who are quitting their jobs aren’t dropping out of the labor force, they are quitting to take other jobs.” Indeed, given that hires exceed quits in every sector, it is likely that many workers are switching to better paying jobs within the same sector. Gould also noted that “the labor force fell by nearly 8 million workers in March and April 2020 and has regained about 70% of those losses since then.”
Brookings Institution
January 14, 2022
While farm wages have gradually risen over the past 30 years, farmworkers earned an average wage in 2020 of just $14.62 per hour—a rate roughly 60% that of the average wage earned by comparable workers, according to the Economic Policy Institute.
The American Prospect
January 14, 2022
According to the Economic Policy Institute, phasing in a federal $15 minimum wage by 2025 would raise the earnings of 32 million workers—that is, more than 20% of the national workforce. In fact, not only would it help minimum wage workers, but those just above that wage level would benefit from adjusted pay scales.
dogwood
January 14, 2022
On the flip side, if the pool of candidates looking for work increases, wages for low-paid jobs “will eventually get pulled down,” said Elise Gould, an economist at the Economic Policy Institute, a liberal-leaning think-tank.
MarketWatch
January 14, 2022
Between 6.8 million and 19.6 million private-sector workers were left without paid sick days because the federal coronavirus law exempted companies with fewer than 50 employees, the Economic Policy Institute, a pro-labor think tank in Washington, D.C., said in June 2020.
LAist
January 14, 2022
“Because of the extraordinary circumstances, we are seeing a transfer of power,” Heidi Shierholz, the president of the Economic Policy Institute, said. “We’re in a really abnormal situation.”
VOX
January 14, 2022
Cook’s salary remained at $3 million, however he received about $82.3 million in stock awards, another $12 million for being able to hit the target of their company sales, and about $1.4 million allowance for air travel, insurance premiums and others. All in all, he earned $98.7 million in 2021 alone, the previous year, he only earned about $14.8 million in 2020.It was reported in 2020 that generally, the CEOs in United States are paid at least 351 times more than a typical worker. This was shown on the report that was released by Economic Policy Institute. The compensation for CEOs roughly grew about 60% faster than that of the stock market. However, there is a slow growth of only 18% in a typical worker’s annual pay since 1978.
TheRichest
January 14, 2022
Farmworkers are some of the lowest-paid workers in the U.S, according to a 2021 report from The Economic Policy Institute. On average, farmworkers in 2020 earned about $14.62 per hour, “far less than even some of the lowest-paid workers in the U.S. labor force,” the report found. Farmworkers at that wage rate earned below 60% compared to what workers outside of agriculture made, according to the report.
Fresno Bee
January 14, 2022
Experts can’t point to a clear determining factor to explain the recent increase. However, the Economic Policy Institute points to the fact that the African-American community continues to experience higher rates of COVID-19 hospitalization and deaths.
Black Enterprise
January 14, 2022