Parents in Arlington pay the highest average costs in the region — $42,705 per year — for an infant and a 4-year old to attend daycare, leading Board members to consider a subsidy last year to help families afford it. The average cost per child ($21,000) is also among the highest in the region, per the Economic Policy Institute.
ARL Now
October 25, 2019
In a January 2019 report on the effects of Airbnb, the Washington, D.C.–based Economic Policy Institute (EPI)—a nonprofit, nonpartisan think tank that seeks to include the needs of low- and middle-income workers in economic policy discussions—found that rising housing costs are a key problem for American families, adding that evidence suggests that the presence of Airbnb raises local housing costs.
“The largest and best-documented potential cost of Airbnb expansion is the reduced supply of housing as properties shift from serving local residents to serving Airbnb travelers, which hurts local residents by raising housing costs. There is evidence this cost is real,” says the report’s author, Josh Bivens.
Urban Land
October 25, 2019
The Economic Policy Institute calculates a target for wage growth based on the Federal Reserve’s inflation target of 2%, the current productivity growth trend, and the relative shares of national income going to labor and capital. Wages should grow by 3.5% to 4%, EPI finds, not including increases in labor’s overall economic share.
Chief Investment Officer
October 25, 2019
In a paper titled “The new gilded age: Income inequality in the U.S. by state, metropolitan area, and county” for the Economic Policy Institute, co-authors Estelle Sommeiller, a socio-economist at the Institute for Research in Economics and Social Sciences in France, and Mark Price, a labor economist at the Keystone Research Center, stress that the issue of inequality impacts workers across the country.
CNBC
October 25, 2019
The truth is that most tipped restaurant workers are not working in restaurants where check averages top off in the hundreds of dollars. They are working in diners, low-cost chain restaurants, and are behind the counters at many quick service restaurants. Nearly 70 percent of tipped workers are women, and according to the Economic Policy Institute, tipped workers have twice the likelihood of living in poverty when compared to non-tipped workers, according to a report by the Economic Report Institute.
Eater
October 25, 2019
So should you tip? That is up to you, but know that according to the Economic Policy Institute , Uber drivers generally make $9.21 an hour after accounting for fees and vehicle costs. In some states or cities, Uber drivers make below minimum wage.
Action 10 News
October 25, 2019
Millennials’ ability to save at rates at or above previous generations is contingent on a variety of greater forces. Many graduated into one of the worst recessions in recent history, but much of the current economic situation arose from longer-term trends. According to the Economic Policy Institute, up until the ’80s, productivity and wages grew at the same pace, meaning that workers’ paychecks increased as businesses’ profits rose. That came to an abrupt halt in 1979, and since then productivity has increased 69 percent while hourly compensation has only inched up 11 percent. So people are making more money for their employers than ever before, but the employers are pocketing almost the entire increase.
GQ
October 25, 2019
Qualifying more workers for overtime pay was one of the most ambitious economic efforts of the Obama era. Over the course of several decades, the share of salaried workers automatically eligible for time-and-a-half pay has fallen steadily, from around 60% in 1975 to just 7% in 2016, according to the Economic Policy Institute, a left-leaning think tank. That drop is due to the rules not being updated to cover more workers.
Huffington Post
October 25, 2019
Poverty wages aren’t just a Charlotte problem, of course. Congress hasn’t raised the $7.25 federal minimum wage for 10 years, the longest period since it was created in 1938. Until the early 1980s, a full-time minimum wage job was enough to keep a worker with a child above the poverty line, according to the Economic Policy Institute, a liberal-leaning think tank. Not so today. If the 1968 federal minimum wage had kept up with inflation, it would now be nearly $12.
A 2016 Economic Policy Institute study found that once the elderly are excluded, more than 70 percent of beneficiaries of public safety-net programs such as food stamps, subsidized housing and Medicaid are working individuals or families, not unemployed. Nearly half of those recipients work full time. With corporate profits and executive pay at record levels, “it is appropriate to question whether employers are effectively passing off a portion of their societal responsibilities on to taxpayers,” writes Matt Cooper, an economic analyst with the institute.
The Charlotte Observer
October 25, 2019
The Economic Policy Institute has calculated how much families need to have “an adequate but modest” standard of living based on the cost of housing, food, transportation, health care, child care, taxes and other necessities around the country. Take a look at what a family of two parents and two children would need in 20 large metro areas to meet this standard.
KEYT
October 25, 2019