The folks at the Economic Policy Institute rerun the numbers each year to get an apples-to-apples snapshot — which presumably they’re doing furiously as we write. In last year’s figures, median household income still hadn’t surpassed its peak in 2007 — before everything fell apart in 2008.
Agora Financial
September 13, 2019
“While any reduction in poverty or increase in income is a step in the right direction, most families have just barely made up the ground lost over the past decade,” said Elise Gould, senior economist at the liberal Economic Policy Institute.
Associated Press
September 13, 2019
After accounting for inflation and measurement changes, median household income is just above the prerecession mark in 2007 but slightly lower than the 2000 level, according to the left-leaning Economic Policy Institute.
USA Today
September 13, 2019
Median household income is higher, after inflation, than it was a decade ago, Elise Gould, a senior economist at the left-leaning Economic Policy Institute, said in a phone call with reporters. But it still remains slightly lower than it was in 2000, when the dot-com boom peaked. The Census reported no increase in income inequality in 2018 according to most standard measures, including the Gini index. (The Census did not include a calculation of income share for the top one percent in income distribution, which likely continued its decade-long rise.)
Politico
September 13, 2019
Elise Gould interview at 1:42.
Marketplace
September 13, 2019
Some experts highlighted this change as a troubling trend. “That is a very dramatic increase,” said Elise Gould, a senior economist with the left-leaning Economic Policy Institute. A 0.7 percentage point decline in Medicaid coverage was likely a major contributor to the overall decline in coverage, she said.
Route Fifty
September 13, 2019
“Most families have just barely made up the ground lost over the past decade,” Elise Gould, a senior economist with the Economic Policy Institute, said in a statement.
“Most families have just barely made up the ground lost since 2000,” said Elise Gould, senior economist at EPI.
CBS News
September 13, 2019
The tip credit also leads to higher rates of sexual harassment one report found, since workers more reliant on tips are less likely to speak out when guests harass them. According to the Economic Policy Institute, nearly 70 percent of servers and bartenders in the U.S. and tipped workers are substantially more likely than non-tipped workers to rely on food assistance programs.
The Globe Post
September 13, 2019
A recent Economic Policy Institute study titled “CEO Compensation Has Grown 940 percent since 1978” is a Labor Day lament for American workers whose wages during the same period have only increased a meager 12%.
Daily Commercial
September 13, 2019