According to the Economic Policy Institute (EPI), from 1973 to 2017, net productivity rose 77 percent while the hourly pay of typical workers essentially stagnated, increasing 12.4 percent over 44 years (after adjusting for inflation).
Williston Herald
August 2, 2019
Income inequality in America has been rising in every US state since the 1970s, found a 2018 report published by the Economic Policy Institute (EPI).
In the report, researchers looked at 2015 tax return data to analyze the average income of the top 1% and the bottom 99% of a population, broken down by state, metropolitan area, and county.
Business Insider
August 2, 2019
How do these policies play into today’s economic disparities? The median household wealth for white families is about $171,000, while that number drops to just $17,000 for black families, according to data analyzed by the Economic Policy Institute. The homeownership rate for blacks is about 41%, nearly the same as it was in 1968, while for whites it grew from 66% to 71%.
Idea Stations
August 2, 2019
A family of two adults and two children in the Nassau/Suffolk metro area must earn a combined $11,629 a month or $139,545 a year to live comfortably, according to a 2018 Economic Policy Institute estimate.
Newsday
August 2, 2019
Kentucky’s teacher shortages reflect a growing national trend. A 2019 report by the Economic Policy Institute said that while there was a surplus of teachers in the labor market in 2011-2012, the projected demand exceeded the estimated supply for the following year. The projected gap has grown sharply since then and is expected to continue to widen.
Morehead State Public Radio
August 2, 2019
“I don’t see a huge bubble on the other side of household debt that is going to savage people’s assets,” said Josh Bivens, director of research at the liberal Economic Policy Institute.
AP
August 2, 2019
“Today’s data provides more ammunition for those arguing that the Fed should cut interest rates at its next meeting,” wrote Josh Bivens, director of research at the left-leaning Economic Policy Institute.
“A growth slowdown is clearly happening, and, the parts of the economy one would have expected to be negatively impacted by previous rate hikes (investment and net exports) are showing clear signs of struggle.”
The Hill
August 2, 2019
“Today’s data provides more ammunition for those arguing that the Fed should cut interest rates at its next meeting,” Josh Bivens, research director at the Economic Policy Institute, said in a statement. “A growth slowdown is clearly happening.”
KVCR News
August 2, 2019
Once your baby arrives, you will have to consider how you are going to finance the day-to-day expenditure, such as food and household bills. For the majority of families it means that at least one partner will have to go back to work. If both partners do, you should consider the cost of childcare if you don’t have friends or family that can help. Research done by the Economic Policy Institute found that childcare for a baby, costs on average $10,000 a year. How are you going to cover this cost, or can you look at alternative working arrangements for the first few years of your baby’s life? Are you eligible for tax credits or perhaps a child and dependent care credit to help?
Times Square Chronicles
August 2, 2019
According to a report from the Economic Policy Institute, childcare costs for an infant, in a licensed center, average $1,431 per month, for a staggering $16,087 per year. Now, that’s for infant care, which is more expensive, understandably, as infants require more care than a 4-year-old, although the average cost for a 4-year-old is still quite high at $1,021/month, or $12,252/year.
AM 1390 KRFO
August 2, 2019