Paul Krugman, the Nobel-winning economist and New York Times columnist, said in his keynote address at the Economic Policy Institute’s recent conference on “Taxing the (Very) Rich”: “Race is the reason the U.S. doesn’t look like other advanced countries in terms of a social-safety net.”
MarketWatch
August 16, 2019
A 2018 report published by the Economic Policy Institute (EPI)found that in the Jackson metro area — which encompasses Teton County in Wyoming and Teton County in Idaho— wealthiest residents make 132 times more, on average, than everyone else. The average income of the 1% is more than $16.1 million, and the average income of the bottom 99% is $122,447.
Jackson is a resort town in northwestern Wyoming with a population of about 10,400 people. The Jackson metropolitan area, which includes part of Idaho, is the most unequal place in the US, according to a 2018 report published by the Economic Policy Institute.
Business Insider
August 16, 2019
The Lamb Center is located within Fairfax County, often identified as one of the richest counties in the U.S. The Economic Policy Institute’s new Family Budget Calculator says a family of four needs $114,105 per year, or $9,509 per month for a “modest yet adequate” standard of living. For some, that’s not worrisome — the median income for Fairfax County between 2013 and 2017 was $117,515, according to the U.S. Census Bureau. For homeless people, it’s way out of reach.
Patch
August 16, 2019
The Economic Policy Institute shows the average annual cost of infant care in Wisconsin is $12,567—that’s $1,047 per month. Infant care in Wisconsin costs $4,092 (48.3%) more per year than in-state tuition for four-year public college. That makes Wisconsin one of 33 states and DC where infant care is more expensive than college.
Click here to view the Economic Policy Institute report.
WSAW FOX 7
August 16, 2019
According to an analysis by the Economic Policy Institute, relative child poverty rate tends to be lower in countries that choose to invest more of their national income in programs that alleviate poverty and material hardship.
YourValley.net
August 16, 2019
Landing Amazon could be more of a challenge than it appears at the outset, however. The company has become a target for liberal activists, in part due to its inflexible work rules, and in part due to studies by groups like the Economic Policy Institute questioning the economic benefit of its centers.
Corridor Business
August 16, 2019
Wages Grew At 3.2% Year Over Year In July, ‘Well Above The Rate Of Inflation’ And Wages Have Increased The Most For Those Making $12-$14 And Hour.’The average hourly wage increased 3.2 percent in the past year, the Labor Department reported, which is well above the rate of inflation, though below the level of wage growth that was seen at the end of the 1990s boom. Wage gains have been strongest, so far this year, for workers earning $12 to $14 an hour and those at the top end of the pay scale who earn more than $60 an hour, according to a new analysis from the left-leaning Economic Policy Institute. ‘If you don’t like your job, this is a golden age to find a new one,’ said Ian Siegel, chief executive of ZipRecruiter.’ ( The Washington Post , 8/2/19)
Public
August 12, 2019
Neal has refused to hold oversight hearings that could demonstrate the fraudulence of the claims of the Republican Tax Act, except for one single day, March 27, where the witnesses were mostly academic economists and tax experts (though it did include CWA President Chris Shelton and EPI economist Elise Gould). A progressive chair would have held several rounds of investigative hearings on legal corporate larceny, laying out the case for a repeal. Other areas of inquiry, from the shocking reduction in IRS audits of the rich to offshore tax evasion and rampant tax dodging by estate planners, have been ignored.
The American Prospect
August 12, 2019
On Second Thought hears from Lee Formwalt, a former professor at Albany State University and the author of Looking Back, Moving Forward; Charise Stephens, CEO at Georgia Wellness and Fitness Festival and participant of GPB’s Macon Conversations series; and Richard Rothstein, fellow of the Economic Policy Institute and author of The Color of Law: A Forgotten History of How our Government Segregated America.
GPB Radio News
August 12, 2019
According to the Economic Policy Institute, half of American families have zero or nearly-zero retirement account savings. I recently featured a post from my friend Brian at Debt Discipline, who shared that he used to work 75 hours per week — and he did not save any of it. Brian’s story has a happy ending, but working hard yet not saving is the clear pattern in our society.
Semi-Retire Plan
August 12, 2019