In the U.S., education doesn’t always result in higher wages for all workers. According to the Economic Policy Institute, Black workers, for example, face significant and growing wage gaps, with Black men paid only 71 cents and Black women just 64 cents for every $1 White men earn. These gaps are found at every job level, from low wage to high wage, but are highest in top-paid fields because of lack of representation of Black workers in those professions. The gaps also persist across all levels of education: Black workers who have high school, college, and advanced degrees earn just 81.7%, 77.5%, and 82.4%, respectively, of what White workers with the same degree earn.1 And the unemployment rate of Black workers who have a bachelor’s degree is similar to that of White workers without a college education.2
Investopedia
August 20, 2020
Rothstein, a distinguished fellow of the Economic Policy Institute, spoke during the National Association of REALTORS® Leadership Summit in a session titled “Shoring Up Our House: Addressing Historical and Current Issues of Racism, Bias, and Intolerance.”
Realtor Magazine
August 20, 2020
Now is still a good time to raise the minimum wage: As cities and states reopen their economies, the central challenge for businesses and economic policymakers will be restoring consumer demand and making regular economic activity safe in the face of continued legitimate concern over the virus. From a general macroeconomic perspective, raising the minimum wage in a period of depressed consumer demand is smart policy. [Economic Policy Institute]
Oklahoma Policy Institute
August 20, 2020
En concreto la comunidad latina es víctima de unos efectos que se califican como “devastadores” por parte de los economistas del Economic Policy Institute (EPI).
El Diario
August 20, 2020
Nebraska consistently tops the rankings in workforce participation, including ranking second in the percent of married couple families who both work. With parents at work, what are we supposed to do with all these kids? How are families going to pay for all this unexpected childcare? It is already cost burdensome; Nebraska is one of 33 states where childcare costs more than college, according to the Economic Policy Institute.
Lincoln Journal Star
August 20, 2020
The Economic Policy Institute, a left-leaning think tank, found that chief executives of the United States’ 350 largest companies earned an average of $21.3 million in realized compensation in 2019, setting the ratio of CEO-to-worker pay at 320 to 1, up from 293 to 1 in 2018 and more than five times as high as the 61-to-1 ratio in 1989.
The Washington Post
August 20, 2020
“We cannot ignore that many people just cannot quit their jobs,” said Heidi Shierholz, senior economist at the Economic Policy Institute.
CNN
August 20, 2020
Other industrialized countries have also seen rising inequality, but the decline in worker power is particularly acute in the United States. From the 1980s to the late 2010s, the labor share of income in the United States—essentially, the percentage of overall income that ends up going to workers—fell by four percentage points, in effect a decline of hundreds of billions of dollars per year. Over the same period, U.S. workers lost key protections: collective-bargaining agreements cover less than 12 percent of workers (and only seven percent of private-sector workers) in the United States, compared with 98 percent in France, 80 percent in Italy, and 56 percent in Germany.
Foreign Affairs
August 20, 2020
CEOs made 320 times more than what their typical worker earned last year, according to a new report from the Economic Policy Institute (EPI), part of a decades-long trend of rapidly growing compensation for corporate America’s top execs.
Yahoo Finance
August 20, 2020