The Economic Policy Institute (EPI) published a report in August that indicated unionized workers earn on average 11.2 percent more in wages than non-unionized peers, meaning workers in the same industry and occupation with similar education and experience. The report authors also said unions help to reduce racial disparities in pay.
NTD
September 18, 2020
Las trabajadoras latinas llegaron a alcanzar en lo peor de la crisis un 20% de desempleo, le dice a BBC Mundo Elise Gould, investigadora del Economic Policy Institute.
BBC Mundo
September 18, 2020
Pay gaps may be even wider for people of color: for example, a 2019 analysis by the Economic Policy Institute found that, after controlling for age, gender, education and region, Black workers were paid 16.2% less than White workers.
HR Dive
September 18, 2020
As for health coverage, about 12-million people have lost coverage since March, according to the Economic Policy Institute.
WFTV
September 18, 2020
The inequity between households of color and their counterparts during the coronavirus pandemic is staggering—and it’s in part due to centuries of systemic racism that disadvantage these Americans at nearly every aspect of their bigger financial picture.
This is best illustrated by the racial wealth gap. For example, Black Americans receive lower earnings than their white counterparts; Black workers made 14.9% less than their white counterparts in 2019, according to the Economic Policy Institute’s (EPI) wage report. The report also found that Black and Latino workers are paid less at almost every education level, compared to their white counterparts.
Forbes
September 18, 2020
That $17 trillion in 401(k) and IRA accounts is distributed unevenly, though, and isn’t doing enough to stave off a retirement crisis. In 2016 the average American family’s retirement savings was $120,809, but the median family’s savings was a paltry $7,800, according to the Economic Policy Institute. Families in the 90th percentile had $320,000 set aside. In other words, most of those trillions are held by people with the wherewithal and savvy to take advantage of the tax code even as nearly half of families have no retirement savings accounts. Social Security, a safety net for them, might have to slash promised benefits starting in 2035 or even sooner according to its actuaries.
Wall Street Journal
September 18, 2020
As reported in a recent Law360 article on the Economic Policy Institute’s report on recent state attorney general labor and employment activity.
Law360
September 18, 2020
Whatever the motivation, the wage increase is certainly beneficial, and as Heidi Shierholz of the Economic Policy Institute and formerly the chief economist at the Labor Department in the Obama administration explained to CBS. “If this applies to a reasonable share of their low-wage workers, then that’s really putting their minimum wage at a decent level, and that’s a nice thing to see.”
The List
September 18, 2020
Just 17 percent of workers who’ve gone through the difficult process to secure a court
judgment ordering their employers to pay back wages ever see even a dime of what they’re owed—precisely because companies can simply close up shop and open under a new name. California workers lose an estimated $2 billion from their paychecks to theft from their own employers each year, according to the Economic Policy Institute.
San Jose Inside
September 18, 2020