But the truth is that, as President Trump knows all too well, many students remain unlawfully after their visas expire and few are “thrown out.” Many F-1 visa holders have been able to enroll in the Optional Practical Training program, which the Bush administration expanded and which continues unabated today, even though it never received congressional approval. Foreign nationals on OPT can work for 29 months; science, technology engineering and math (STEM) students may work for three years which helps employers circumvent the 85,000 H-1B cap. In terms of participants, OPT now exceeds the H-1B program. Department of Homeland Security data shows that universities provided 215,000 OPT work permits in 2018. The left-leaning Economic Policy Institute, among other think tanks, has concluded that OPT harms U.S. workers. Overall, an estimated 46 percent of all 10 million-plus visa holders remain in the U.S. after their departure date has expired. Many are illegally employed.
Casper Star Tribune
January 21, 2020
You may have heard that full-time childcare costs as much as college tuition. (Check out the Economic Policy Institute for a state-specific analysis.) What you may not know is that childcare before and after school can still cost a pretty penny.
Medium
January 21, 2020
This care crisis is not just affecting developing countries. The U.S. child care system, for example, is costing the country hundreds of billions of dollars a year in lost wages and lost opportunities, according to a report published Wednesday by the Economic Policy Institute (EPI). Child care providers in America are overwhelmed and underpaid, with a median wage of $12 an hour, according to the report’s findings. Meanwhile, parents, most often women, are being forced to give up work or turn down better-paying jobs because of the expense of child care.
Huffington Post
January 21, 2020
“That’s why labor was in the room; they had leverage,” said Robert Scott, an economist with the Economic Policy Institute. “Labor had no leverage on this (China) deal. None.”
The Washington Post
January 21, 2020
According to the AAM, via the Economic Policy Institute, 3.7 million jobs have been lost to China since 2001, 2.8 million of which were in manufacturing.
Industrial Equipment News
January 21, 2020
The Economic Policy Institute compared figures from 1968 to 2018 and found:
- Black Americans’ life expectancy at birth has increased substantially (up 11.5 years) between 1968 and today, outpacing the increase for whites (up 7.5 years). But black Americans born in 2018, on average, still should expect to live about 3.5 fewer years than a white person.
- In 1968, 54.4 percent of 25- to 29-year-old black Americans had a high school diploma. In 2018, 92.3 percent in the same age range had a high school diploma.
- College graduation rates have risen for black Americans. Among 25- to 29-year-olds, 9.1 percent had a college degree in 1968, a figure that increased to 22.8 percent in 2018. Over the same period, however, college graduation rates expanded for whites at a similar pace, rising from 16.2 percent in 1968 to 42.1 percent in 2018.
- Black workers earn just 82.5 cents on every dollar earned by white workers.
- The median wealth for a black family is 10 times less than that of the median wealth of a white family.
- The incarceration rate is six times greater for black Americans than it is white Americans.
The Transylvania Times
January 21, 2020
Skinner cited a 2019 report by the Economic Policy Institute, which found that CEO compensation has soared 940% during the last four decades, while the pay of the average worker has remained flat. In the late 1970s, U.S. CEOs were paid only 30 times more than the average employee. Today, CEO compensation is hundreds, sometimes thousands, of times higher, she said.
Patch
January 21, 2020
Obviously, the job security of any CEO is dependent on the success of the company in which they operate. Yet the profession is unlikely to fall out of favor anytime soon, nor is it at risk of being automated, as the dynamism and decision-making skills needed by a leader are impossible to replicate artificially. That’s good news for those in this high-earning career: CEO compensation in America increased by a whopping 940% between 1978 and 2018, according to the Economic Policy Institute, while average worker pay had risen by just 12%.
Citizen Truth
January 21, 2020
Obviously, the job security of any CEO is dependent on the success of the company in which they operate. Yet the profession is unlikely to fall out of favor anytime soon, nor is it at risk of being automated, as the dynamism and decision-making skills needed by a leader are impossible to replicate artificially. That’s good news for those in this high-earning career: CEO compensation in America increased by a whopping 940% between 1978 and 2018, according to the Economic Policy Institute, while average worker pay had risen by just 12%.
MSN
January 21, 2020
As New Hampshire lawmakers consider re-establishing and raising the state minimum wage, some businesses may be thinking, “How could we possibly make that work?”
Concord Monitor
January 21, 2020