But the exploding demand for real estate—and the resulting rise in housing costs—could also further squeeze the working class of residents, for whom life in the Wood River Valley is already barely affordable. That’s a larger group than outside onlookers may realize. A United Way study published earlier this year found that more than half of people living in Blaine County are either below the federal poverty level or “working but unable to afford basic household necessities. South of the glitz of Sun Valley, a 2018 study by the Economic Policy Institute ranked Hailey as the ninth most unequal city in America.
Idaho Mountain Express
October 29, 2020
“The enormous contraction of GDP in the second quarter means any growth in the third quarter is coming off of a significantly smaller base of GDP,” said Josh Bivens, director of research at the Economic Policy Institute.
WRAL Tech Wire
October 29, 2020
His research with the left-leaning Economic Policy Institute found that in 2019, IT staffing companies such as Infosys, Deloitte and Cognizant had applied for large numbers of H-1B workers at the second-lowest wage levels, while Bay Area technology giants Google, Apple, Cisco and Oracle had a mix of higher and lower levels.
The Mercury News
October 29, 2020
But since the turn of the century, the U.S. has lost millions of jobs, particularly in manufacturing, at least partly because of China’s growing role in the world economy. Since the 2008 financial crisis, 1.7 million jobs have gone, according to the Economic Policy Institute, a nonpartisan think tank in Washington, D.C., which largely blames China’s admission into the World Trade Organization for the loss. In an essay titled “The Death of Engagement” by Orville Schell, a giant in the world of China studies, the former secretary of state George Shultz reflected that the policy of opening up “gave the Chinese leverage over us.”
The Atlantic
October 29, 2020
Also, nearly half of all Latina workers are employed in the three fields that suffered the greatest job losses this year between February and May: hospitality, retail, and “other services,” according to the Economic Policy Institute.
BE Latina
October 29, 2020
The Economic Policy Institute: “Counties that pivoted to Trump had lower wage growth than other counties”
The Hill
October 29, 2020
The national minimum wage was created in 1938 as part of the Fair Labor Standards Act, which set the rate at 25 cents an hour. It has risen in fits and starts in the decades since, but it has not kept pace with the country’s cost of living. According to a 2019 analysis done by the Economic Policy Institute, a Washington, D.C., think tank, after adjusting for inflation, the minimum wage reached its peak value in 1968. Today, the minimum wage is worth 31 percent less than it was in 1968 and 17 percent less than it was even as recently as 2009, the last time the national rate was increased, to $7.25 an hour.
Sarasota Magazine
October 29, 2020
The Economic Policy Institute’s Family Budget Calculator was used to determine the local cost of living, which includes housing, food, health care, transportation and other necessities. In many of the locations examined in the study – which identified the region in each state where the cost of living is lowest – housing costs can account for less than 15 percent of total living expenses.
The Center Square
October 29, 2020
But the exploding demand for real estate—and the resulting rise in housing costs—could also further squeeze the working class of residents, for whom life in the Wood River Valley is already barely affordable. That’s a larger group than outside onlookers may realize. A United Way study published earlier this year found that more than half of people living in Blaine County are either below the federal poverty level or “working but unable to afford basic household necessities. South of the glitz of Sun Valley, a 2018 study by the Economic Policy Institute ranked Hailey as the ninth most unequal city in America.
Idaho Mountain Express
October 29, 2020
“The enormous contraction of GDP in the second quarter means any growth in the third quarter is coming off of a significantly smaller base of GDP,” said Josh Bivens, director of research at the Economic Policy Institute.
WRAL Tech Wire
October 29, 2020