Low-wage workers in general were struck most severely by the current recession, as less than 75% of low-wage workers were still working in 2020 as opposed to 95 percent of high-wage earners (or those in the top 25 percent of wage distribution), according to data from the Economic Policy Institute, a nonpartisan policy think tank.
Yahoo Finance
July 12, 2021
But, “there really isn’t any evidence of widespread labor shortage,” said Valerie Wilson at the Economic Policy Institute.
If there were, Wilson said, employers would be jacking up wages across the board to entice unemployed workers. Instead, there are some pockets of wage acceleration, “in leisure and hospitality. A big boost in those wages is the fact that they’re getting more tips now because more people are coming to those restaurants in person.”
Marketplace
July 12, 2021
“Returning workers are earning more (as they should) – nominal hourly earnings of production non-supervisory workers are up 3.67% over this time last year,” tweeted Valerie Wilson, an economist at the progressive-leaning Economic Policy Institute.
Al Jazeera
July 12, 2021
“Many people who lost jobs at the start of the pandemic have been unemployed ever since. As jobs come back they will get work but there is still a big jobs deficit—labor demand is still the problem,” tweeted Heidi Shierholz, policy director at the Economic Policy Institute, a left-leaning think tank.
The Hill
July 12, 2021
Payroll growth over the last three months in the US has been ‘huge’, says Heidi Shierholz, director of policy at the Economic Policy Institute (and former chief economist at the Department of Labor)
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Total nonfarm payroll employment rose by 850,000 in June, following increases of 583,000 in May and 269,000, today’s report shows – or around 1.7 million new jobs.
Shierholz also points out that the recovery is much faster than after the financial crisis — but doesn’t see worrying signs in the wage data:
The Guardian
July 12, 2021
We are in the midst of a teacher shortage crisis. The Economic Policy Institute’s final report in their series, “Perfect Storm in the Teacher Labor Market,” noted only 30 percent of teachers report feeling they have the power to select instructional materials, topics, or skills to be taught in their classrooms. The authors suggest public policy “ensure[s] that teachers have a say in the curriculum they teach, the classroom practices they follow, and the materials they use.” Federal protection of academic freedom does that; state bans do the opposite.
Newsweek
July 12, 2021
Facts like this: Between 1979 and 2019, the Economic Policy Institute reported this past December, the bottom 90 percent of American paychecks barely annually increased at all. In effect, EPI observes, wages for the bottom 90 percent have been “continuously redistributed upwards” — “frequently” to the top 1 and 0.1 percent.
Inequality.org
July 12, 2021
Even before the pandemic, child care was known for it exorbitant costs, which vary by state. The average annual cost of child care for a 4-year-old in New York costs $12,358, according to the Economic Policy Institute, a nonprofit, nonpartisan think tank. In Kentucky, it costs $6,411 but is still categorized as “out of reach” for low-wage workers. Overhead costs, liability insurance, licensing fees and labor costs contribute to the overall price tag.
Forbes
July 12, 2021
Additionally, the state of Arkansas has the third-lowest average annual childcare costs – less than $6,200, according to data from the Economic Policy Institute.
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Average annual childcare costs range from roughly $5,100 to more than $21,600. Using data from the Economic Policy Institute, we calculated average annual childcare costs, averaging the expected annual cost of infant care and the cost for care for a four-year old in each state.
Yahoo Finance
July 12, 2021
Led by the Progressive Caucus Action Fund, the Economic Policy Institute, the Institute for Policy Studies, and the Poor People’s Campaign, the joint statement characterizes the $6 trillion framework proposed by Sen. Bernie Sanders (I-Vt.) as the “minimum scale necessary to tackle our nation’s most urgent challenges.”
Common Dreams
July 12, 2021