“At every level of education, white non-Hispanic men are paid more than Hispanic women. What’s also clear from the data is that further education does not close their sizable wage gaps with white non-Hispanic men,” the Economic Policy Institute reports. “As Hispanic women increase their educational attainment, their pay gap with white men generally increases. The largest dollar gap (more than $18 an hour), occurs for workers with more than a college degree. Even Hispanic women with an advanced degree earn less than white men who only have a bachelor’s degree. That statistic bears repeating: white non-Hispanic men with only a college degree are paid, on average, $6.81 more than Latinas with an advanced degree!”
Daily Kos
November 25, 2019
That calculation was reported on Tuesday by the Economic Policy Institute (EPI). According to EPI senior economist Elise Gould, Hispanic women “are subject to a double pay gap–an ethnic pay gap and a gender pay gap.”
24/7 Wall St.
November 25, 2019
Meanwhile, a family in the US needs an annual income of $421,926 to be in the top 1% of earners, according to data adapted from an Economic Policy Institute report originally published in July 2018. But the minimum income needed to be in the top 1% in every state ranges anywhere from $255,000 in Arkansas to more than $700,000 in Connecticut.
Business Insider
November 25, 2019
The Economic Policy Institute reports that the standard budget for a family of four should be $75,704 to meet their living expenses, Gillespie’s presentation showed.
Journal Gazette and Times Courier
November 25, 2019
GOBankingRates used data from the U.S. Census Bureau’s 2017 American Community Survey and the Economic Policy Institute’s income inequality report to determine the average income for each state, plus Washington, D.C. Whether you want to be part of the rich and high-salaried or you have different feelings about them, here’s a look at how much you need to be “rich” in each state, based on the results of the data.
GoBankingRates
November 25, 2019
The long-term trend of wages not keeping up with the prices of essentials hasn’t improved much, as it’s been reported that minimum-wage workers can’t afford a two-bedroom apartment anywhere in the US. (The Economic Policy Institute—7/19/18, 2/5/19—found that if the minimum wage tracked productivity growth since the 1960s, it would now be over $20 an hour.)
FAIR
November 25, 2019
“We found absolutely no evidence of broad, negative impacts on the economy of steel and aluminum tariffs to date,” said Robert E. Scott, senior economist at the Economic Policy Institute, who authored the report with support of the U.S. aluminum company Century Aluminum.
CNBC
November 25, 2019
In a country where homeownership has long been the way to build wealth, discrimination in housing is uniquely harmful. It is the chief reason behind the deep segregation in New York’s public schools, which is among the worst in the country. It also helps explain the startling racial gap in wealth in the United States. The median wealth of white Americans is $134,000, according to the Economic Policy Institute. The median wealth of black Americans is $11,030.
The New York Times
November 22, 2019
The economic observation that seems to obviously confirm this conclusion is the longtime and growing gap between worker productivity and worker pay. Perhaps the most frequently cited version of this supposed economic reality comes from the left-wing Economic Policy Institute, which calculates a 70 percent rise in worker productivity since 1979 versus a mere 12 percent rise in pay, all adjusted for inflation. As EPI explains the big disparity, “This means that although Americans are working more productively than ever, the fruits of their labors have primarily accrued to those at the top and to corporate profits, especially in recent years.”
The Week
November 22, 2019
If you dig deeper into the economic indicators, you will find that something is really fundamentally wrong with our service economy. Despite the good signs, there are large numbers of people who are suffering from years of declining or stagnant wages. Many young people cannot buy a house, go to college, buy healthcare, have children, or do as well as their parents. The Economic Policy Institute says that inequality in United States is the highest of any Western country. They say that from 1979 to 2016, wages of the top 1% grew nearly 150%; whereas the wages of the bottom 90% combined grew just 21.3%.
Industry Week
November 22, 2019