A report by the Economic Policy Institute published a report highlighting pay disparity between teachers and college-educated nonteachers. Colorado was the worst.
9 News (Colorado TV)
August 19, 2022
“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.
Truthout
August 19, 2022
Arizona teachers made about 32% less than comparable college-educated workers in the state last year, according to a new report from the Economic Policy Institute (EPI).
Axios
August 19, 2022
Driving the news: A group of 70 international economists, including Joe Stiglitz of Columbia and Heidi Shierholz of the Economic Policy Institute, is urging the U.S. government to give the Afghan central bank its money back — but there’s no indication that anyone at Treasury is sympathetic.
- What they’re saying: “Without access to its foreign reserves, the central bank of Afghanistan cannot carry out its normal, essential functions. Without a functioning central bank, the economy of Afghanistan has, predictably, collapsed. The people of Afghanistan have been made to suffer doubly for a government they did not choose.”
Axios
August 19, 2022
Larry Mishel, former president of the Economic Policy Institute. Labor market economist studying jobs, wages and inequality for four decades. (@LarryMishel)
WBUR On Point
August 19, 2022
As Economic Policy Institute’s Elise Gould previously told Insider, paid sick days can be helpful for parents who need to care for their family or their own health. However, recent attempts to institute widespread leave access have failed, meaning that workers have to rely on their employers — or their own savings — to keep themselves afloat if they need to take time off.
Business Insider
August 19, 2022
The wage gap between teachers and the rest of the comparably educated workforce was about 21% in 2018. That disparity was a much smaller 6% back in 1996, according to an analysis from the Economic Policy Institute, reports Axios’ Erica Pandey.
Axios
August 19, 2022
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 19, 2022
“There will be substantial tax credits to help transition to clean energy: rebates for people who buy electric vehicles, who put solar panels on their house, who make other kinds of energy efficiency-enhancing improvements to their home,” said Heidi Shierholz, president of the Economic Policy Institute, a left-leaning think tank. “It will make it easier for families to actually make these clean-energy changes.”
The Washington Post
August 19, 2022
While there are policies that seek to enforce minimum wage laws and prevent wage theft, it’s still prevalent in low-wage jobs. While the minimum wage in California is $16.04, more than twice the federal minimum wage of $7.25, wage theft is still prevalent. In 2017, the Economic Policy Institute found throughout 10 of the most populous states, 17% of low-wage workers are affected by wage theft. For the Californian worker being impacted, this comes out to $3,400 in yearly stolen wages.
Next City
August 19, 2022
Amid reports of teacher shortages across the U.S. numbering in the hundreds of thousands, along with violent and vicious far-right attacks on public schools, new research shows that teacher salaries are now at record lows.
A report published by the Economic Policy Institute (EPI) on Tuesday finds that, while there has long been a pay gap between teachers and comparable college graduates, that gap has recently reached its highest level since EPI began recording such data.
In 2021, the report found, teachers’ weekly pay was 23.5 percent less on average than that of other college graduates, adjusted for age, education, race and state of residence. This means that teachers made about 76 cents on the dollar compared to other college graduates.
Truthout
August 19, 2022
The most rapid growth in the American standard of living took place between 1949 and 1969. During that period, family incomes grew at a faster rate than productivity — partly due to rapidly growing wages but also due to the increased number of women entering the workforce, which boosted family incomes,” according to the Economic Policy Institute.
Forbes
August 19, 2022
Teachers’ weekly wages and total compensation have worsened over time compared to non-teacher, college-educated professionals, according to an analysis by the Economic Policy Institute.
Average weekly wages of public school teachers increased just $29 from 1996 to 2021, from $1,319 to $1,348 when adjusted only for inflation. In comparison, weekly wages of other college graduates rose by $445, going from $1,564 to $2,009 during the same period.
This ”teacher pay penalty″ discourages college students from teaching careers and makes it challenging for school districts to retain teachers, the EPI report said.
K-12 Dive
August 19, 2022
C-SPAN Washington Journal
August 19, 2022
The Economic Policy Institute said targeted policy action is urgently needed to address teachers’ wages and without it there’s, “no reasonable expectation of reversal in sight for pandemic-stressed schools and those who serve public education.”
Teachers in the U.S. haven’t seen a significant bump in their pay in over 20 years, despite a global pandemic and skyrocketing inflation, and the trend risks retaining and attracting future teachers.
The average weekly wages of public school teachers, adjusted for inflation, increased just $29 from 1996 to 2021—from $1,319 up to $1,348. Teachers have consistently earned less than their nonteacher college-educated counterparts and that wage penalty was found in all 50 states and Washington, D.C.
That’s according to a new report by the Economic Policy Institute (EPI), which analyzed data from the Bureau of Labor Statistics (BLS) focusing on weekly teacher wages for those with at least a bachelor’s degree.
The Hill
August 19, 2022
By the numbers: The pay gap between public school teachers and others with college degrees in Colorado is the largest in the nation, at 35.9%, according to the Economic Policy Institute, which advocates for fair pay for low- and middle-income workers.
Axios
August 19, 2022
C-SPAN Washington Journal
August 17, 2022
Cites EPI data in a chart on minimum wage.
Bloomberg
August 12, 2022
Features Kyle discussing the growing housing supply shortage has created a housing affordability crisis.
WPFW
August 12, 2022
Video: The Economic Policy Institute projected a demand for at least 300,000 new teachers nationwide by the year 2024.
ABC News
August 12, 2022
The Economic Policy Institute recommends a temporary excess-profits tax. Data from the Bureau of Economics show abnormally high corporate profits are causing 54% of recent inflation. This tax would be on corporate profits that are above normal, and that come from taking advantage of the pandemic and the war in Ukraine. The purpose is to tamp down the price gouging.
Seattle Times
August 12, 2022
It’s difficult to decipher what contributed to that shift, said Valerie Wilson, director of the Economic Policy Institute’s program on race, ethnicity and the economy.
CNBC
August 12, 2022
Wage growth “is certainly not accelerating in a way that is driving the kind of inflation we’re seeing in the economy,” said Elise Gould, senior economist with the Economic Policy Institute.
CNN
August 12, 2022
Average hourly earnings are up 0.5% for the month and 5.2% from the same time a year ago, though wage growth appears to be slowing, Heidi Shierholz, president of the Economic Policy Institute, wrote on Twitter.
CNBC
August 12, 2022
A report Friday showed the economy added a booming 528,000 jobs in July, … of research at the left-leaning Economic Policy Institute. (paywall).
USA Today
August 12, 2022
The unions and watchdog groups argued that analysis doesn’t take into account “the very knowable downsides.” Their letter cites a 2018 report from the Economic Policy Institute which found that when a new Amazon warehouse opens, overall employment in the county does not increase — suggesting that the jobs created in the warehouse and storage sector are offset by losses in other industries.
New York Focus
August 12, 2022
And according to the Economic Policy Institute, labor market participation among women would potentially add more than $210 billion annually to the economy if there was meaningful investment made in affordable childcare. Not only is the lack of investment in care harming families, but it is hampering our economy.
The New Republic
August 12, 2022
Low-income families have been the hardest hit by rising housing and transportation prices – according to the Brookings Institution’s Affordability Index – and the Economic Policy Institute found that just 16.2% of Latino workers and 19.7% of Black workers were able to work from home in 2020, compared with 37% of Asian workers and 29.9% of non-Hispanic workers.
Fox Business
August 12, 2022
For years, wages stagnated, and the federal government did little in response. The last time Congress raised the federal minimum wage was more than 13 years ago. The Economic Policy Institute in a recent analysis found that, “(a)ccounting for price increases in June, the current federal minimum wage of $7.25 per hour is now worth less than at any point since February 1956.”
MinnPost
August 12, 2022