A key way to support these lives is advancing equitable opportunities. History shows that longstanding systemic inequities have had a compounding negative effect on generations of Black families. A report from the Economic Policy Institute highlights that in 2016, the median household wealth of white households was 10 times that of Black households ($171,000 compared to $17,409). The report notes: “One of the most important forms of wealth for working and middle-class families is home equity. Yet, the share of Black households that owned their own home remained virtually unchanged between 1968 (41.1 %) and today (41.2%).”
Deseret News
February 22, 2021
Sen. Joe Manchin, D-W.Va., told reporters on a break from the trial that, while he favors raising the minimum wage, he thinks $15 an hour for a state like his is too high. But low-wage workers in West Virginia insist Senator Manchin is out of touch with the 62 million poor and low income Americans across the nation who would benefit from a $15 minimum wage, according to an analysis from the Economic Policy Institute.
Charleston Gazette-Mail
February 22, 2021
The unemployment rate seems an obvious starting point for such a policy discussion.
“That’s where the rubber meets the road for workers,” said Heidi Shierholz, director of policy at the Economic Policy Institute, a left-leaning think tank, and a former chief economist at the U.S. Labor Department.
The concept is straightforward: Enhanced unemployment benefits fall in tandem with the unemployment rate, which signals an improved job market.
CNBC
February 22, 2021
It is no secret, Black and brown people with criminal records are stigmatized in a way that prevents them from enjoying the basic rights and privileges we often take for granted. Among them are job opportunities and long-term employment. In mid-2020, the Economic Policy Institute reported that the Black unemployment rate was nearly twice that of the overall unemployment rate in Maryland. The disparity in these figures has remained consistent throughout the pandemic, which shows no sign of slowing down.
Baltimore Sun
February 22, 2021
Before the crisis, families paid two out of three dollars spent for early care and education — the Economic Policy Institute calculated that $42 billion was spent by families out of the total $64 billion spent privately and publicly for this essential service. This crisis showed how unstable that financing system made child care programs on which working families rely.
EdNC
February 22, 2021
“You have one swath of the economy getting absolutely slammed and then a huge swath of workers who haven’t seen a decline in pay,” said Heidi Shierholz, director of policy at the Economic Policy Institute. “In a normal recession they’d be helping to keep the economy going but that is not at all the case now.”
Lessons from previous recessions, Ms. Shierholz continued, show that without a concerted effort to provide relief to those hard-hit low-wage workers — particularly by eliminating the subminimum wage for tipped workers — any economic recovery will compound existing wage gaps.
New York Times
February 22, 2021
— Heidi Shierholz, former chief economist at the Labor Department, “thinks the best answer to how many people are still affected economically by the pandemic is 25.5 million.”
Politico Morning Shift
February 22, 2021
The wage hit its peak in inflation-adjusted terms in 1968 at just over $12. Though it has been raised 14 times since then, it has not kept pace with the cost of living. The current nearly 12-year stretch is the longest it’s gone without a boost.
That means minimum wage workers are getting poorer over time, said Josh Bivens, director of research at the left-leaning Economic Policy Institute.
“Every year that Congress does not raise it, people get a pay cut,” he said.
CNN
February 22, 2021
It is no secret, Black and brown people with criminal records are stigmatized in a way that prevents them from enjoying the basic rights and privileges we often take for granted. Among them are job opportunities and long-term employment. In mid-2020, the Economic Policy Institute reported that the Black unemployment rate was nearly twice that of the overall unemployment rate in Maryland. The disparity in these figures has remained consistent throughout the pandemic, which shows no sign of slowing down.
Baltimore Sun
February 22, 2021
Before the crisis, families paid two out of three dollars spent for early care and education — the Economic Policy Institute calculated that $42 billion was spent by families out of the total $64 billion spent privately and publicly for this essential service. This crisis showed how unstable that financing system made child care programs on which working families rely.
EdNC
February 22, 2021