California is quite familiar with that gap. In 2017, the state had the seventh-greatest disparity in the U.S. between the richest 1% and everyone else, according to the Economic Policy Institute. One in five California children lives in poverty.
San Francisco Chronicle
November 6, 2019
According to the Los Angeles Daily News Nov. 3 editorial, we cannot afford Medicare for All. Are you kidding! The top .01 percent average annual income was $26.1 million according to the 2013 Economic Policy Institute report. Moreover, in 2018 the richest 400 families in the US paid an average effective rate of 23% while the bottom half of American households paid a rate of 24.2%. This is according to two University of California Berkeley economists Emmanuel Saez and Gabriel Zucman in their book, “The Triumph of Injustice.”
Monterey Herald
November 6, 2019
Dorsey lives in the Columbia Forest neighborhood in South Arlington with his wife, Rachel Feldman, and their two daughters. He is a policy and communications consultant for liberal organizations. Before joining the board, he was a senior leader at the Economic Policy Institute, a think tank that promotes progressive economic policies.
The Washington Post
November 6, 2019
A quick search online would have you believe a recession is imminent. According to an Economic Policy Institute report published in April 2019, there is a “real possibility” that the United States could find itself in a recession as soon as the next 18 months.
MSN Money
November 6, 2019
The typical working family hasn’t experienced the sort of income gain that one would expect in a tight labor market, Heidi Shierholz, former chief economist at DOL and policy director at the left-leaning Economic Policy Institute, explained to Morning Shift. “We’ve had this very low sustained unemployment and it’s not sparking inflation. We actually still have slack in the labor market,” she said. “By and large the labor market is strong, people are able to find work,” Shierholz said, but the jobs that are available “don’t have family-sustaining wages and benefits.”
Politico
November 6, 2019
Although Trump entered office with promises of supporting workers, his administration has instead “sold out the American middle class” in a “bait-and-switch” that has benefited the nation’s wealthiest and left the rest of us behind, said Heidi Shierholz, a senior economist and policy director with the liberal Economic Policy Institute think tank.
Capital & Main
November 6, 2019
However, a 2018 report by the Economic Policy Institute found that “when Amazon opens a new fulfillment center, the host county gains roughly 30 percent more warehousing and storage jobs but no new net jobs overall, as the jobs created in warehousing and storage are likely offset by job losses in other industries.”
Cleveland Scene
November 6, 2019
EPI data cited in footnotes.
Blue Virginia
November 5, 2019
Economic mobility is on the decline, according to a Harvard team of researchers led by economist Raj Chetty. More than 90 percent of children who were born in 1940 grew up to earn more than their parents. Only 50 percent of children born 40 years later will go on to earn more than their parents. But the top one percent is doing better than fine: The average CEO pulled in 312 times as much as the average worker in 2017, up from 20 times as much in 1965, according to the Economic Policy Institute.
Fast Company
November 5, 2019