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That’s less than an appropriate average living wage of $16.87 per hour, as calculated by Alliance for a Just Society (AJS), and it’s not enough — even with two full-time workers — to attain an “adequate but modest living standard” for a family of four, which at the median is over $60,000, according to the Economic Policy Institute.
Black Star News February 28, 2020 -
The Economic Policy Institute describes fair work week laws as
…laws (that) provide workers with greater stability, predictability, and flexibility in their work schedules; in many cases, they also require employers to give part-time staff opportunities to increase their hours before adding new staff. These comprehensive laws primarily apply to retail and fast-food workers-who are more likely than other workers to be subject to volatile work hours. The nearly 740,000 workers protected by these comprehensive fair workweek laws include an estimated 327,000 workers in New York City; 175,000 in San José; 172,000 in the state of Oregon; 40,000 in Seattle; 23,000 in San Francisco; and 2,500 in Emeryville, California.
Seeking Alpha February 28, 2020 -
Nevada was among the states hardest hit during the Great Recession; it held the record for the highest unemployment in the country in 2010 (at 14.9 percent) and experienced some of the highest foreclosure rates. The state’s GDP has increased 14.9 percent from 2009 to 2018, but per capita GDP has only increased an anemic 1.7 percent over those years — placing it 44th in the nation for the breadth of recovery, according to an Economic Policy Institute analysis.
While Nevada has seen economic gains since the end of the recession, they have flowed overwhelmingly to the state’s highest income earners. The top five percent of households saw their inflation-adjusted incomes increase almost 15 percent between 2009 and 2018, while the poorest 20 percent of households saw their incomes decline by about the same amount, according to an analysis by the Economic Policy Institute. The richest Nevadans — the top 1 percent — experienced average real income growth of 22 percent, more than 16 times that of the bottom 99 percent between 2009 and 2015, according to a 2019 report from the nonpartisan Guinn Center. From 2017 to 2018, Nevada households saw their median income decline about 1 percent, as the U.S. overall saw median household income grow about 1 percent.
Capital & Main February 28, 2020 -
Minnesota is one of 33 states plus the District of Columbia where infant care is more expensive than annual tuition at a four-year public college ($11,226) and average rent ($11,137), according to the Economic Policy Institute.
StarTribune February 28, 2020 -
America’s substantial trade deficit with China is a “significant reason why manufacturing employment has not fully recovered along with the rest of the economy,” the Economic Policy Institute said in the report. Trade deficits also help to explain stagnant wages in manufacturing and among workers lacking a college degree.
AZ Central February 28, 2020 -
But there is something else they can directly influence: top-level pay. From 1978 to 2018, the inflation-adjusted compensation of American CEOs grew 1,000% and that of very high earners 339% whereas wages for the typical worker were up just 12%, according to the Economic Policy Institute. Research shows that executives, managers, supervisors and financial professionals account for 70% of the income gains of the top 0.1% between 1979 and 2005.
The Wall Street Journal February 28, 2020 -
National Taxpayers Union’s Pete Sepp and Economic Policy Institute’s Josh Bivens talked about the 2019 tax filing season and impact of the 2017 tax law.
C-SPAN February 28, 2020 -
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February 28, 2020 -
It is true that unemployment is the lowest for half a century and that wages have been picking up steam across the board, the report says — but it also notes that “the biggest rewards from a strong economy are still skewed toward white people, men and high earners.” The report relies on details from an annual study by the Economic Policy Institute.
Progressive Farmer February 28, 2020 -
Unemployment is the lowest for half a century, and wages have been picking up steam across the board –- but the biggest rewards from a strong economy are still skewed toward white people, men and high earners, according to an annual study by the Economic Policy Institute.
Bloomberg February 28, 2020