New analysis of the latest census data by Capital & Main (a nonprofit news organization where I serve as publisher) and the Economic Policy Institute has found that growth in median household income, adjusted for inflation, fell in 48 of the 50 states during Trump’s first two years in office compared to the last two years of Barack Obama’s presidency. Nationally, median household income grew at a rate of just 2.7% in Trump’s first two years, compared to a 5.8% growth rate in Obama’s last two years.
Omaha World-Herald
March 4, 2020
Middle-class incomes grew about 5.8% per year during Obama’s last two years in office before slowing to 2.7% from during Trump’s first two years in office, according to a new analysis by the progressive think-tank Economic Policy Institute (EPI) and investigative news outlet Capital & Main. The income data were adjusted for inflation. All but two states saw real wages fall during that time period.
Truthout
March 4, 2020
For a 4-year-old, the annual cost for pre-K is $6,764 in Michigan, or $564 each month, according to the Economic Policy Institute, a nonpartisan think tank in Washington, D.C. That’s over 10% of the median household income in Michigan in 2019, according to the U.S. Census Bureau.
Spartan Newsroom
March 4, 2020
“This issue has come to the head in the last couple years because families can’t make ends meet with one full-time worker,” said Elise Gould, a senior economist at the Economic Policy Institute, a think tank. “People are beginning to realize that it’s not their fault or an inability to manage their own finances” that is making the cost of child care unaffordable for them.
The Economic Policy Institute report that calculated current federal spending at $22 billion per year estimated that a national early childhood system that compensated caretakers in line with K-12 teachers and served all age-eligible children would cost $337 to $495 billion a year. The report also predicts increased tax revenues from moms returning to work and providers earning higher incomes.
NBC News
March 4, 2020
“The stock market is overreacting, like they always do,” said Robert Scott, an economist at the Economic Policy Institute.
Al Jazeera
March 4, 2020
Among S&P 500 company CEOs, median pay increased by 6.6 percent to $12.4 million from 2016 to 2017, reaching its highest-ever rate since the 2008 recession, according to a May analysis by The Wall Street Journal. CEO median pay increased 940 percent from 1978 to 2018, the Economic Policy Institute found.
Fox Business
March 4, 2020
Bankhead’s problems mirrors the findings in a new report by the Economic Policy Institute, which looked at the state of African Americans since 1968. The report shows educational attainment is the biggest improvement. In 1968, just over half of African Americans had high school diplomas. Today, it’s more than 92 percent.
That’s where the good news ends. College graduation rates for blacks still substantially lag behind whites.
“They are also more than twice as likely to have a college degree as in 1968 but are still half as likely as young whites to have a college degree,” the report highlighted.
11 Alive
March 4, 2020
REPORT DISCOVERS PART-TIME EMPLOYEES PAID LESS PER HOUR: A report by the left-leaning Economic Policy Institute discovered that part-time employees get, on a per hour basis, 19.8 percent less pay than full- time employees in the very same markets with comparable scholastic backgrounds and experience.
AsumeTech
March 4, 2020
Y son muchos, según ha encontrado el Center for Law and Social Policy (CLSAP) en un estudio hecho por el profesor de economía y analista del Economic Policy Center (EPI), Lonnie Golden, y el también profesor, Jaeseung Kim. En esta investigación, publicada el jueves, se explica que cuatro de cada 10 trabajadores a tiempo parcial querrían trabajar más horas. Si se contabilizaran estas personas en el infraempleo la tasa de este estaría entre el 8% y el 11% y no el actual 6.9%.
El Diario
March 4, 2020