In a study released last month, the Economic Policy Institute (EPI) found that American families spend approximately $42 billion annually on child care for their children. That figure does not include the $34 billion spent by federal and state governments on child care support systems, services, and subsidies. According to EPI, parents of young children forgo $30 to 35 billion each year in income due to the high cost of early childhood care and education, a figure that translates into an estimated $4.2 billion in lost federal tax revenue.
Common Dreams
March 2, 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
March 2, 2020
We have been living under a system of economic suppression for working people ever since the “trickle down” economics policy of the ’80s. The Reagan tax cuts for the wealthy were supposed to help the wealthy and then theoretically make the economy better for everyone down the line. However, since the ’80s, the wealthiest have seen their incomes increase, while the average working American has seen their income decrease. According to an August 2019 Economic Policy Institute Report, “Compensation for American chief executives increased by 940% from 1978 to 2018, while pay for the average worker rose by a miserable 12% over the same 40-year period.” This is the exact opposite of what was promised. This is also the exact opposite of what we should be striving to do. Hard working people should not be left behind.
Bennington Banner
March 2, 2020
CEO pay in the United States has ballooned in the last several decades, increasing roughly 940% from 1978 to 2018 at the nation’s 350 largest companies, adjusted for inflation, according to the Economic Policy Institute, a nonpartisan, think tank. Meanwhile, wages of the typical worker have grown 11.9%. Back in 1978, CEOs made about 30 times more than the average worker, a ratio that has exploded since then.
Fairbault.com
March 2, 2020
But in recent years the impact of Airbnb’s service on local economics and rental markets has come under the spotlight. And analysis conducted by the Economic Policy Institute, a non-profit, non-partisan American think tank, found that the economic costs of Airbnb likely outweigh the benefits:
‘While the introduction and expansion of Airbnb into cities around the world carries large potential economic benefits and costs, the costs to renters and local jurisdictions likely exceed the benefits to travellers and property owners.’
Forbes
March 2, 2020
The Economic Policy Institute, a nonpartisan think tank, released a report in January 2019 that found the expansion of Airbnb contributes to a “reduced supply of housing as properties shift from serving local residents to serving Airbnb travelers, which hurts local residents by raising housing costs.”
Martinsville Bulletin
March 2, 2020
Sin embargo, un análisis realizado por el Economic Policy Institute, un grupo de expertos estadounidense sin fines de lucro, encontró que los costos económicos de Airbnb probablemente superen los beneficios. “Si bien la introducción y expansión de Airbnb en ciudades de todo el mundo conlleva grandes beneficios y costos económicos potenciales, los costos para los inquilinos y las jurisdicciones locales probablemente excedan los beneficios para los viajeros y los propietarios”.
LaRaza
March 2, 2020
Wages, however, have not kept pace. Median household incomes rose only 1.8% in 2017 and, even more disappointing, 0.9% in 2018 (the most recent year available from the Economic Policy Institute). As a result, even full-time employees are increasingly turning to alternative and additional sources of income to keep up with rising costs.
Money Crashers
March 2, 2020
By the time Obama turned over the White House keys to Trump in 2017, most of the acute economic problems visited upon us by the Great Recession had been overcome—though many Americans hadn’t fully recovered from its impacts, and some never will. The chronic problems long predating the crash, however, remain with us. In a lengthy analysis brimful of charts, Elise Gould at the liberal-leaning Economic Policy Institute has scrutinized one of the biggest of those chronic problems: wages.
Daily Kos
March 2, 2020