A 2014 study from the Economic Policy Institute found that wage theft “costs American workers as much as $50 billion a year.” It deserves massive attention.
New Republic
February 12, 2024
According to the Economic Policy Institute, the net worth of the top 1% of American households rose steadily through the second half of the 20th century and beyond.
Investopedia
February 12, 2024
While less than 10% of all U.S. business owners are Black, Black-owned businesses were also more concentrated in industries hardest hit when COVID first spread, according to Economic Policy Institute analysis of government data. In April of 2020, more than 40% of Black business owners reported they were not working, compared with only 17% of white business owners.
Associated Press
February 12, 2024
Employment dipped by 15%, or nearly 6 million workers, for people 55 and over in the early months of 2020, according to an analysis by the Economic Policy Institute.
USA Today
February 12, 2024
To illustrate regional differences — and to help people assess whether their own budgets are in line with their neighbors’ — the Economic Policy Institute has unveiled a family budget calculator with 2023 data for all counties and metro areas across the nation. The calculator estimates seven basic expense categories — housing, food, transportation, child care, health care, taxes and other basic necessities — for 10 family types (one or two adults with zero to four children).
Arizona Republic
February 12, 2024
A 2014 study from the Economic Policy Institute found that wage theft “costs American workers as much as $50 billion a year.” It deserves massive attention.
New Republic
February 12, 2024
According to the Economic Policy Institute, the net worth of the top 1% of American households rose steadily through the second half of the 20th century and beyond.
Investopedia
February 12, 2024
While less than 10% of all U.S. business owners are Black, Black-owned businesses were also more concentrated in industries hardest hit when COVID first spread, according to Economic Policy Institute analysis of government data. In April of 2020, more than 40% of Black business owners reported they were not working, compared with only 17% of white business owners.
Associated Press
February 12, 2024
Additionally, we also included average figures for a single person’s monthly grocery, taking quotes from the Economic Policy Institute. The resulting list is presented in descending order, ranging from the highest cost of living to the lowest cost of living.
Insider Monkey
February 9, 2024
Infant care costs $1,117 more per year than in-state tuition for four-year public college, according to the Economic Policy Institute.
Fayette Tribune
February 9, 2024
In the absence of significant government investments and without aggressive labor organizing, the Economic Policy Institute estimates that a rise in EVs to 50 percent of domestic auto sales by 2030 could result in losses of roughly seventy-five thousand US jobs.
Jacobin
February 9, 2024
Hilary Wething, an economist at the Economic Policy Institute, said it’s important to consider that more data is needed to fully determine the impact of the new law.
“I would push back against the idea that this is hurting drivers,” she said. “We don’t know that yet.”
GeekWire
February 9, 2024
Renters earning under $30,000 had $310 left over, according to the study, while a single-person household needs about $2,000 to pay for nonhousing needs — even in the most affordable counties, according to the Economic Policy Institute.
Sacramento Bee
February 9, 2024
The No. 1 drag on personal budgets remains housing. That’s according to the Economic Policy Institute, which recently updated its family budget calculator to reflect 2023 cost data.
Tampa Bay Business Journal
February 9, 2024
According to data compiled by the Economic Policy Institute, underemployment sits slightly below 7 percent – the lowest since the agency began tracking the data in 1990. When Trump left office, underemployment was at more than 14 percent. After a peak in March 2021, there has been a steady decline since.
Al Jazeera
February 9, 2024
Emergency funds are a challenge for millions because income has stagnated in comparison to both rising worker productivity and the rising cost of goods. From 1979 to 2013, hourly pay for middle-wage workers increased 6% and pay for low-wage workers decreased 5%, whereas pay for very high-wage workers increased 41%, according to the Economic Policy Institute, a nonprofit think tank.
CNET
February 9, 2024
An analysis by the Economic Policy Institute in 2019 found that almost half of employers nationwide have some employees on non-competes. While difficult to provide a precise number, EPI’s survey work estimated between 27% to 46% of all private sector workers being subject to some form of a non-compete.
CNBC
February 9, 2024
Many smaller employers don’t offer 401(k) plans. Even when they do, workers might balk at participating, because they can’t spare the income or they’re afraid they might need to withdraw it later on, triggering tax penalties.
“Income for a lot of workers is very unpredictable,” said Monique Morrissey, senior economist at the left-leaning Economic Policy Institute.
USA Today
February 9, 2024
Six of the 10 most expensive US metros for families are in California.
Business Insider looked at the monthly costs for households with two adults and two children from the Economic Policy Institute’s “Family Budget Calculator.” EPI assembled data from multiple sources and looked at several kinds of expenses a household may have.
“The Family Budget Calculator is constructed to determine the resources needed to generate a decent standard of living, one in which a family can afford the basic necessities,” a post from EPI said.
Business Insider
February 9, 2024
Additionally, we also included average figures for a single person’s monthly grocery, taking quotes from the Economic Policy Institute. The resulting list is presented in descending order, ranging from the highest cost of living to the lowest cost of living.
Insider Monkey
February 9, 2024
The Economic Policy Institute released a rather frank and somber assessment on the growing school voucher moment in 2023 entitled, State and local experience proves school vouchers are a failed policy that must be opposed. They noted that at least 23 voucher bills were introduced in state houses last year, with universal bills passing. They noted that there is, “growing evidence that voucher programs do not serve students and may deepen educational and economic inequality.”
TheChattanoogan.com
February 9, 2024
Infant care costs $1,117 more per year than in-state tuition for four-year public college, according to the Economic Policy Institute.
Fayette Tribune
February 9, 2024
In the absence of significant government investments and without aggressive labor organizing, the Economic Policy Institute estimates that a rise in EVs to 50 percent of domestic auto sales by 2030 could result in losses of roughly seventy-five thousand US jobs.
Jacobin
February 9, 2024
Ben Zipperer, senior economist with the Economic Policy Institute, said minimum wage is one of the most well-researched topics among economic experts nationwide. Most extensive studies find little downside.
“The scare stories don’t really play out in the bulk of careful research on minimum wage,” he said. “You can find studies that say there is a negative effect, but three quarters of studies find little to no employment effect.”
Zipperer said it can also have unexpected benefits.
When minimum wage goes up, businesses experience less turnover because employees aren’t constantly looking for better opportunities, he said. This can save time and money because businesses don’t have to hire and train as many new employees.
“Basically, you end up with employees who have longer tenure and who are more experienced and do better at their job,” he said.
The Virginian-Pilot
February 9, 2024
The data comes from the Keystone Research Center, an organization that researches economic equity issues and has been advocating for an increase in the minimum wage.
The organization analyzed the likely effects of state legislation that would bump Pennsylvania’s minimum wage to $15, using U.S. Census Bureau data and estimates from the Economic Policy Institute, a national think tank with a similar focus on issues affecting low-income workers.
Philadelphia Inquirer
February 9, 2024
According to a 2020 study by the Economic Policy Institute, a well-funded and high-quality early childhood education system not only provides relief to parents facing immediate financial strains, but can address the significant income loss experienced by those leaving the workforce because child care is just too expensive. Just capping early childhood education costs at 10% of a family’s income would lead to a significant boost in labor force participation.
Kansas City Star
February 9, 2024
Hilary Wething, an economist at the Economic Policy Institute, said it’s important to consider that more data is needed to fully determine the impact of the new law.
“I would push back against the idea that this is hurting drivers,” she said. “We don’t know that yet.”
GeekWire
February 9, 2024
Renters earning under $30,000 had $310 left over, according to the study, while a single-person household needs about $2,000 to pay for nonhousing needs — even in the most affordable counties, according to the Economic Policy Institute.
Sacramento Bee
February 9, 2024