For the ultra-wealthy, the top 0.1%, average earnings were more than $2.8 million in 2023, according to the Economic Policy Institute.
That number has surged 350% since 1979, while the average annual wage for the bottom 90% has grown about 44% over the same period.
News Nation Now
March 24, 2025
As union membership has declined, income inequality has increased. (Source: Economic Policy Institute)
The Lever
March 24, 2025
Minnesota has the third highest average cost of infant child care in this country, according to a new study out of the Economic Policy Institute. Its average cost in the state is $22,000 per year. That’s 18 percent of the median family income in Minnesota.
MPR News
March 24, 2025
According to the Economic Policy Institute (EPI), targeted tariffs can help to protect certain U.S. manufacturing industries.
Tariffs on steel (25%) and aluminum (10%) imports have been in place since March 2018 under national security provisions of U.S. trade law, though exemptions were put in place.
Trump’s latest proclamation raises the tariff on aluminum and resets those national exemptions and exclusions.
According to the EPI, evidence suggests the 2018 tariffs have been effective in preserving and expanding the domestic steel industry.
WBFO (Buffalo)
March 24, 2025
According to the Economic Policy Institute, Indiana ranks 18th in the nation for the most expensive infant care at $12,612 per year or $1,051 per month. Child care for a 4-year-old costs $9,557 per year or $796 per month.
The Journal Gazette
March 24, 2025
Trump is unlikely to privatize USPS in one fell swoop because of economic and political considerations, but he could chip away at it and slowly cripple the agency, said Monique Morrissey, a senior economist at the pro-labor think tank Economic Policy Institute.
“This is going to backfire against him but the question is, ‘How much damage can he do in the meantime?’” she said. “They can scare everybody into thinking that full-frontal privatization is on the table so they’ll accept partial privatization that will be more on the fringes and less politically toxic.”
Bloomberg Law
March 24, 2025
The Tarvers paid $630 a month to put their son in the infant room before they received assistance — about 70% of the average cost of child care in Texas, which is $892 a month, according to the Economic Policy Institute.
The Texas Tribune
March 24, 2025
Nearly 40% of Americans felt stuck in their current jobs, according to a recent Harris Poll. Economic Policy Institute senior economist Elise Gould summarizes US worker sentiments on the difficulty in finding a new job and the challenges seeking out higher wages.
Yahoo Finance TV
March 24, 2025
Sanders: “CEOs now make 300 times more than their average worker.”
We rated a similar 2023 Sanders statement Mostly True.
The Economic Policy Institute, a Washington, D.C., liberal think tank, found that a 2023 measurement of CEO wages versus average workers’ wages showed a 290-to-1 ratio. That was smaller than previous years’ estimates of 344-to-1 in 2022 and 399-to-1 in 2021. (Sanders has updated his talking point.)
Politifact
March 24, 2025
Charleston Gazette-Mail
March 24, 2025