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
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