The Trump administration renegotiated NAFTA, and has claimed the era of corporations “offshoring” U.S. manufacturing jobs was “over.” In fact, the opposite is true. A report issued in August by the Economic Policy Institute found nearly 1,800 factories shuttered between 2016 and 2018. And St. Paul’s Gerdau facility will soon be added to the list.
Workday Minnesota
November 2, 2020
The numbers show this: The Economic Policy Institute calculated that 1,800 factories had closed between 2016 and 2018, and the net loss in manufacturing plants—and jobs—continues, hastened recently by the pandemic. Foreign subsidiaries of U.S. manufacturers increased employment by 257,400 jobs in 2017 and 2018, while stateside workers struggled.
The American Prospect
November 2, 2020
Lonnie Golden, “Still falling short on hours and pay” (Washington: Economic Policy Institute, 2016)
Center for American Progress
November 2, 2020
San Francisco’s pending “Proposition L” takes aim on the locomotive driving contemporary American inequality: our major corporations and banks. The executives who run these enterprises make fabulously more than workers — and fabulously more than executives used to make. CEO compensation, the Economic Policy Institute reported this past August, has increased 1,167 percent since 1978, after taking inflation into account. Worker pay? Up just 13.7 percent.
In 1978, CEOs pocketed 31 times what typical workers earned. Last year, top execs averaged 309 times more.
Inequality.org
November 2, 2020
Measured against the state’s median family income of $68,034, that family spends roughly 41% of its annual income on child care alone — almost six times the Department of Health’s recommended benchmark.
Ascent drew its ranking from 2019 data from the Economic Policy Institute.
A more recent release of 2020 data from the same source examined the average cost of infant care in California, pricing it at $16,945 a year.
That’s slightly more than the statewide average annual cost of housing, $16,693, according to the Economic Policy Institute.
In short, child care for a baby costs more per year than the average Californian will pay for rent.
San Luis Obispo Tribune
November 2, 2020
The Trump administration renegotiated NAFTA, and has claimed the era of corporations “offshoring” U.S. manufacturing jobs was “over.” In fact, the opposite is true. A report issued in August by the Economic Policy Institute found nearly 1,800 factories shuttered between 2016 and 2018. And St. Paul’s Gerdau facility will soon be added to the list.
Workday Minnesota
November 2, 2020
But it’s not all about what industries Latinas work in. Latinas are also paid just 67 cents “relative,” the Economic Policy Institute (EPI) notes, “to non-Hispanic white men with the same level of education, age, and geographic location.” This is not just a pay disparity coming from differences in education or age, in other words, so don’t try to make that argument. In fact, “Latina doctors, many of whom are currently treating coronavirus patients, are paid 68% of the average hourly wage of non-Hispanic white male doctors (a difference of $20.46 per hour).”
Daily Kos
October 30, 2020
At the Economic Policy Institute, Josh Bivens points out that not only did the third quarter leave us far from a real recovery but also hints that the fourth quarter we are now a third of the way through will likely generate very slow growth … at best.
Daily Kos
October 30, 2020
Valerie Wilson, an economist at the labor-backed Economic Policy Institute, said the policy response to Covid-19 must take into account the impact it will have on different racial groups.
“No policy is ever race-neutral, even if race is nowhere in that policy. There is going to be a differential impact just because of how our society is structured,” she said.
NBC News
October 30, 2020
The recommended retirement savings amount for someone in their 60s is approximately $522,000, based on the 2019 median income of 55-64-year-olds, and many financial experts recommend aiming even higher.1112 But the average American retirement savings for people in their late 50s and early 60s is only $243,559, according to a 2019 analysis by the Economic Policy Institute.13
The Balance
October 30, 2020