When you consider the staggering cost of infant care in the U.S., it’s easy to see why. In my home state of New Jersey, for example, families spend an average of $12,988 a year hiring caretakers for their newborns, the Economic Policy Institute found. That’s just hundreds of dollars shy of in-state tuition for a four-year public college, and would eat up 62% of the annual income for a minimum-wage worker.
Employee Benefit News
January 8, 2020
Wages throughout the economy are stagnant. Child care is way too expensive. Moms and Dads don’t have the $20,913 per year the Economic Policy Institute estimates it costs to pay for childcare in this city. It costs less to go to UMass.
Your Tewksbury Today
January 8, 2020
The Economic Policy Institute found that in Nebraska, the average annual cost is nearly $13,000.
KETV 7
January 8, 2020
The divergence could reflect economic changes that have buffeted that age group. Many entered the workforce during the recession, just as wages plunged for high school grads. Even though the typical pay for high school grads has increased in the last few years, it still remains below its peak in the early 2000s, according to the Economic Policy Institute. At the same time, the wage premium for college grads has grown.
USA Today
January 8, 2020
The report notes recent research by the Economic Policy Institute, a nonprofit, nonpartisan think tank in Washington, D.C., that indicated that in 2018, CEOs made 940.3% more than they did in 1978, while typical workers made only 11.9% more.
Cleveland.com
January 8, 2020
By contrast, wages for the bottom 90% grew by 23.9% between 1979 and 2018, according to an Economic Policy Institute analysis. The top 1% still lags one group, though, and that’s the top 0.1%, which saw its wages rise by 340.7% in those years.
Daily Kos
January 8, 2020
A recent report released by the Economic Policy Institute, a non-partisan think tank, found that the average CEO pay at the 350 largest U.S. companies climbed by over 1,000% in the last 40 years. Meanwhile, wages for the average worker climbed by less than 12%.
24/7 Wall St.
January 8, 2020
At least part of that is possible because company leaders tend to be paid more proportionately to other workers. Consider that Arnaud Plas, CEO of Prose, earns about four times as much as the average Prose employee. (The average CEO of a Fortune 500 company makes 278 times the salary of their average worker, according to the Economic Policy Institute.)
New York Post
January 8, 2020
At least part of that is possible because company leaders tend to be paid more proportionately to other workers. Consider that Arnaud Plas, CEO of Prose, earns about four times as much as the average Prose employee. (The average CEO of a Fortune 500 company makes 278 times the salary of their average worker, according to the Economic Policy Institute.)
USA Today
January 8, 2020
In the summer of 2019, the Economic Policy Institute released a report in collaboration with the University of California Berkeley’s Center for the Study of Child Care Employment. Titled “Breaking the silence on early child care and education costs,” the authors examined early care and education systems across California.
Next City
January 8, 2020