In 2021, salaries grew at the fastest pace for the top 0.1% of earners, while the bottom 90% of workers saw their annual wages edge lower, according to a study from the Economic Policy Institute.
Business Insider
January 12, 2024
Josh Bivens, chief economist at the left-leaning Economic Policy Institute, said although Trump’s comments are “bad,” he thinks a 2024 crash would be “very surprising.”
“For now, the economy is strong and there’s no glaring vulnerability like a huge asset market bubble someplace — spending is mostly being financed out of earnings from a strong labor market,” he said. “So, my expectation is for a quite strong 2024. There are always wild cards like some crazy geopolitical shock, but the economic fundamentals of the U.S. look good for 2024.”
The Hill
January 12, 2024
“The only way to address school segregation for the many children … who live in highly concentrated ghettos and large metropolitan areas in this country is by residential desegregation,” said Richard Rothstein from the liberal Economic Policy Institute. Rothstein researched why residential areas are so highly segregated, and found that government policy is mostly to blame. “The segregation of our major metropolitan areas in this country today was created by explicit, racially-conscious, public policy on the part of the federal, state, and local governments.”
Washington Examiner
January 12, 2024
Florida is at least the 16th state to introduce roll back child labor protections in the past two years, and the 13th state to introduce such legislation in 2023, according to the Economic Policy Institute.
Florida Phoenix
January 12, 2024
The average annual cost for infant care in Georgia is $8,530, according to the Economic Policy Institute, a Washington, D.C.-based think tank.
It’s $7,306 a year for a 4-year-old, according to the institute.
WRDW-TV
January 12, 2024
And while there appears to be no chance of either happening with Republicans in the majority in the House, the Economic Policy Institute reports that 22 US states and 38 cities and counties raised their minimum wages this month. The highest state minimum wage is now Washington’s $16.28, and the highest local one is $20.29 (albeit for large employers only) in the Seattle suburb of Tukwila.
Bloomberg
January 12, 2024
The traditional set-up of manager-employee relations often assumes that a worker-manager relationship is inherently antagonistic. But negotiating a bargaining agreement does not have to be confrontational and can earn wins that work for both sides and make the workplace better.
“There will be some growing pains as things get established, but if you really embrace the mechanisms for transparency and communication and openness, it actually ends up being a real productivity and efficiency enhancer and really pays off over the long haul for the organization,” said Heidi Shierholz, president of EPI.
Prism Reports
January 12, 2024
Wage compression can happen when federal or state minimum wages increase. And 30 states and Washington, D.C., have increased their minimum wage since 2014, according to the Economic Policy Institute.
The Hill
January 12, 2024
Uber, Lyft and DoorDash aren’t sweating it. All said Tuesday they won’t change their operations based on the new standard.
“It only will come into play if a worker is claiming a violation,” said Sam Sanders with the Economic Policy Institute. She said we can probably aIso expect lawsuits from those big tech companies.
But it’s not just the so-called gig economy that’s subject to these rules.
“It’s, you know, construction workers, nail salon workers, janitors, lots of other people who are vulnerable to being misclassified,” Sanders said.
And who now stand a better chance of getting the pay and protections other workers get.
Marketplace
January 12, 2024
Alaska was one of several states where such bills were introduced last year, according to the Economic Policy Institute.
Anchorage Daily News
January 12, 2024
According to the NELP analysis, more than 21 million Americans work in industries plagued by misclassification: construction, trucking, delivery, home care, personal care, agricultural, and janitorial and building service occupations. When misclassified, these workers lose as much as $18,000 per year in income and job benefits, according to a report from the Economic Policy Institute.
Quartz
January 12, 2024
The Economic Policy Institute reports that nationwide the number of employed school bus drivers has dropped below pre-pandemic levels, with roughly 15 percent fewer driving in K to 12 schools in September 2023 than in September 2019.
Fast Company
January 12, 2024
K-12 Dive
January 12, 2024
A past study by the Economic Policy Institute (EPI) shows that the misclassification of an employee to an independent contractor could have serious implications to earnings, benefits, and labor protections, including those offered by the National Labor Relations Act.
401K Specialist
January 12, 2024
These figures, while significant, are only the tip of the iceberg. In 2014, the Economic Policy Institute (EPI) estimated that wage theft costs workers more than $50 billion per year, most of which was unreported.
Popular Information
January 12, 2024
Economic Policy Institute (EPI) president Heidi Shierholz highlighted that the rule rescinds a Trump-era policy and, like Su, stressed how “employer misclassification of workers as independent contractors robs workers of labor rights and threatens their economic security.”
Common Dreams
January 12, 2024
Soon after the turn of the century, several high-profile studies were produced from high-priced consultancies about the cost savings of offshoring from first-world countries. They garnered millions of media impressions, political debates and resulting business strategies. Soon thereafter, Josh Bivens published “Truth And Consequences Of Offshoring” in the Economic Policy Institute, stating “Recent studies overstate the benefits and ignore the costs …” Nevertheless, that bell could not be unrung.
Forbes
January 12, 2024
In a report, the left-leaning Economic Policy Institute said construction workers, truck drivers, cleaners, landscapers, security guards and call center workers are among the most commonly misclassified workers. It estimated that misclassified construction workers lose between $10,177 and $16,729 per year.
Associated Press
January 12, 2024
A total of 16 states, including Florida, have tried to repeal or have repealed child labor laws that have safeguarded children for decades, according to the Washington, D.C.-based Economic Policy Institute.
Florida Record
January 12, 2024
A 2023 analysis by the Economic Policy Institute, a nonprofit think tank, found that a typical construction worker classified as an independent contractor earned $16,700 less a year in income and benefits than they would as an employee, while a typical home health aide took home $9,500 less in income and benefits.
The Washington Post
January 12, 2024
On Jan. 1, 22 states raised their minimum wage, while 38 cities and counties raised theirs beyond the state standard, according to the Economic Policy Institute, a think tank that examines how policies affect low- and middle-income workers.
Stateline
January 12, 2024
Though Ford’s story shows how the power of empathy helped him achieve his financial goals, there’s an “obvious dark cloud” over the situation, Kyle K. Moore, an economist at the Economic Policy Institute, told MarketWatch.
“We have a man who worked for nearly three decades and did not have enough to afford what was once considered a staple of basic economic health and well-being: a home,” Moore said. “If we still consider homeownership to be part of the American dream, then that’s a market failure — and, more importantly, a policy failure.”
MarketWatch
January 12, 2024
The Economic Policy Institute reports the monthly cost of living for a family of four in Alamosa County is $6,422 versus $9,073 for the same size family living in Boulder County.
Colorado Sun
January 12, 2024
Several factors contribute to the higher jobless rates among black Americans compared to whites. Racism and single-adult households, where one person must balance childcare and full-time employment, are among the primary reasons, according to the Economic Policy Institute.
24/7 Wall Street
January 12, 2024
According to a 2022 Economic Policy Institute report, CEOs made 15 times more than the average employee in 1965 and nearly 400 times more than the typical employee in 2021 on average.
San Francisco Chronicle
January 12, 2024
As of Monday, 22 states increased their minimum wages, raising pay for an estimated 9.9 million workers and resulting in $6.95 billion in additional income, the left-leaning Economic Policy Institute estimates.
Washington Examiner
January 12, 2024
Florida is at least the 16th state so far to try and roll back child labor protections in the last two years. Of bills introduced in state legislatures, nine have been signed into law, according to the Economic Policy Institute, which has been tracking the influx of child labor-related bills.
Orlando Weekly
January 12, 2024
More than 37 percent of meat and poultry workers are foreign-born, according to estimates by the Economic Policy Institute, a left-leaning think tank.
The Washington Post
January 12, 2024
According to the Economic Policy Institute’s analysis of U.S. Census Bureau data, income inequality has grown substantially in Vermont.
VT Digger
January 12, 2024
Figures from the Economic Policy Institute in 2021 showed that 92% of Dollar General employees were making less than $15 per hour. Compare that with Walmart, where 51% were pulling in wages under that threshold, or Whole Foods where it was just 1%.
Daily Meal
January 12, 2024