It’s not a surprise that tech jobs got high ranking. PayScale’s analysis shows that “the proliferation of tech workers into industries outside of the tech sector is a major contributor to continued job growth nationwide.” However, they also impact growth in other sectors thanks to their wages. “A single tech worker is estimated to support 5.7 additional jobs throughout the economy via direct and indirect multiplier effects,” according to a report from the Economic Policy Institute.
Fast Company
January 2, 2020
“Recessions are usually policy mistakes,” said Josh Bivens, director of research at the Economic Policy Institute. “We really can keep these recoveries going for quite a long time if we have really careful smart policy.”
CNBC
January 2, 2020
Despite its capitalist-dystopian quality, the StandardToilet fits right in with modern management techniques. Employers try to squeeze as much productivity as possible out of their workers, getting them to do more work each year while paying them the same amount as before. According to the Economic Policy Institute, since 1979 worker productivity has increased nearly 70 percent, meaning they’re working harder and producing more than ever before. But the average wage has only gone up 11 percent, which means that they’re getting paid less for more work. The gains of increased worker productivity have gone straight to the top instead—the average CEO’s pay has increased a whopping 940 percent.
GQ
January 2, 2020
Wages throughout the economy are stagnant. Child care is way too expensive. Moms and Dads don’t have the $20,913 per year the Economic Policy Institute estimates it costs to pay for childcare in this city. It costs less to go to UMass.
Public
January 2, 2020
The disparity in wage growth is also visible in newly released data for 2018, according to the Economic Policy Institute. The top 1% of earners now make nearly 158% more than they did in 1979, while those in the top 0.1% are raking in 341% more, EPI found.
CBS Moneywatch
January 2, 2020
Especially notable was what was not mentioned—such as limiting the ratio of CEO to worker pay. Back in 1965, the Economic Policy Institute (EPI) reports, CEOs in the US earned 20 times what the average worker did; now, conservatively speaking (the number can be higher depending on how one evaluates the value of stock options), they earn over 200 times what the average worker earns. Thea Lee, who leads EPI, at the conference called for passing the Protecting the Right to Organize (PRO) Act to empower labor unions. Any chance the Business Roundtable would lobby for that? No one asked.
Nonprofit Quarterly
January 2, 2020
When you consider the staggering cost of infant care in the U.S., it’s easy to see why. In my home state of New Jersey, for example, families spend an average of $12,988 a year hiring caretakers for their newborns, the Economic Policy Institute found. That’s just hundreds of dollars shy of in-state tuition for a four-year public college, and would eat up 62% of the annual income for a minimum-wage worker.
Bloomberg
January 2, 2020
“I’m not enthusiastic about it,” Monique Morrissey, an economist focused on retirement security at progressive think tank Economic Policy Institute, tells CNBC Make It.
CNBC
January 2, 2020
That’s not to say labor loves the deal: The Economic Policy Institute, a union-backed think tank, called USMCA “weak tea at best.”
Quartz
January 2, 2020