Domestic workers make $12.01 an hour on average and are three times as likely to live below the poverty line compared with other hourly workers, according to the Economic Policy Institute. Most lack benefits like sick leave and health insurance and often work without even a formal employment contract.
CBS Moneywatch
September 21, 2020
A recent study by the Economic Policy Institute found that up to 12 million Americans may have lost their employer-sponsored health insurance during the pandemic. And almost half of the 16.9 million jobs in the U.S. hospitality sector were lost in March and April. As of September, more than a quarter of workers in that sector remain unemployed.
Chicago Sun Times
September 21, 2020
De no haber estado en marcha esos programas, los efectos del shock económico causado por la pandemia habría sido un incremento en la pobreza de 13.2 millones de personas para llegar a una cifra total de 42.5 millones, calculan los economistas del Economic Policy Institute.
El Diario
September 21, 2020
Lawrence Mishel, a labor market economist at the Economic Policy Institute, noted that “10 years ago, teachers were being vilified — they were put on the cover of magazines as being lazy.” Now, as teachers serve on the front lines of the pandemic, “there is a better appreciation that teachers. They’re heroes. And they’re underpaid and overworked, and they face tremendous challenges and none more than during the pandemic.”
Yahoo Finance
September 21, 2020
Households of color were still trying to regain ground from the last financial crisis before the coronavirus pandemic came along. Income for Black households didn’t surpass 2007 levels until 2019, according to new Census Bureau data on income and poverty.
“But that’s already old news,” said Valerie Wilson, director of the Economic Policy Institute’s Program on Race, Ethnicity, and the Economy, during a presentation this week. “The impact of the pandemic and the recession has had a disproportionate impact on Black workers and their families,” Wilson explained.
Forbes
September 21, 2020
Patients across the world are now suffering from economic hardship. The World Bank predicts the global economy will shrink by 5.2% this year, and that the U.S. economy will contract by 6.1%. Moreover, up to 12 million Americans may have lost their employer-sponsored health insurance during the pandemic, according to the Economic Policy Institute, adding to people’s financial stress.
The Cancer Letter
September 21, 2020
Biden wants the 12.4% Social Security tax to kick back in for incomes above $400,000. The move takes square aim at the country’s highest earners. For example, the average salary for a CEO at the 350 largest publicly-traded companies was $1.325 million (as part of a $21.28 million projected pay package), according to the left-leaning Economic Policy Institute.
MarketWatch
September 21, 2020
The disparity between teachers’ salaries and those of other industries remains high despite some slight improvement last year. In 2019, teachers made 19.2% less than their nonteaching peers who had similar experience and education, an improvement of 2.8% from the year before when teachers made 22% less, according to research from the Economic Policy Institute.
Education Dive
September 21, 2020
The Economic Policy Institute reported that in 1998—the year of the project—about 30 percent of the workforce worked for under $8 an hour, so from the start the odds were stacked against her.
The American Prospect
September 21, 2020
An August 2020 update from the Economic Policy Institute showed that unemployment among Ohio’s African Americans was roughly twice the overall rate for the first half of this year. Disparities in educational opportunities play a role, along with the economic consequences of a “school-to-prison pipeline.”
Energy News Network
September 21, 2020