24/7 Wall St. reviewed estimates from financial think tank the Economic Policy Institute on what it would cost a single adult or a family of four (two parents and two children) to have a “modest yet adequate standard of living.” We used the data to determine what it actually costs to live in America’s most expensive cities.
24/7 Wall St.
September 18, 2019
The average income of the richest 1% in the Jackson metropolitan area is more than $16.1 million, while the average income of the remaining 99% is $122,447, according to a 2018 report published by the Economic Policy Institute.
Business Insider
September 18, 2019
Currently, most Uber drivers are barred from joining together and suing the company because they signed an arbitration agreement forbidding it. (They are, however, allowed to do so in sexual-harassment cases.) Arbitration agreements, which generally are used as a condition of employment and require a worker to take a case to arbitration instead of court, have become more prevalent in recent years. More than 55% of the American workforce is subject to these agreements, according to a 2018 report from the Economic Policy Institute.
The Philadelphia Inquirer
September 18, 2019
According to The Economic Policy Institute, teachers in the U.S. spend at least $459 on classroom supplies every year.
WFMY News 2
September 18, 2019
And they’re not alone. Raj Chetty and company’s highly influential work on mobility sits firmly in this camp. Think tanks like the Economic Policy Institute (which, for the record, predated the researchers named above), the Roosevelt Institute, the Institute for New Economic Thinking, and especially the Center for Equitable Growth put inequality and broadly shared growth at the core of their work, implicitly rejecting the old-economics’ precept that growth can be either efficient or equitable, but not both. Moreover, these economists’ work is now feeding directly into policy proposals, such as Sen. Elizabeth Warren’s wealth tax.
VOX
September 18, 2019
The “vast majority” of American households, note Economic Policy Institute analysts Elise Gould and Julia Wolfe, “have still not fully recovered from the deep losses suffered in the Great Recession.”
Inequality.org
September 18, 2019
“We have an issue with wage inequality, income inequality and wealth inequality where most of the growth is going to the top,” Valerie Wilson, director of the Economic Policy Institute’s program on race, ethnicity and the economy, said in an interview with the Times. “Those people are less likely to be women, and much less likely to be women of color.”
Hip Latina
September 17, 2019
There is disturbing research out of the Economic Policy Institute that demonstrates how readily toxic stress and trauma can derail learning in children as young as 5, particularly among poor and African American children. Other research shows how early academic failure can beget continued failures that lead to the school-to-prison pipeline — the ultimate failure of our education system.
St. Louis Post Dispatch
September 17, 2019
One of his objectives, he said, was to “sound the alarm about a hugely important phenomenon that far too few Americans understand or are paying attention to — and that is that worker power in the United States has fallen to a dismal low,” Greenhouse said Monday at the Economic Policy Institute, a liberal Washington, D.C.-based think tank.
Pennsylvania Capital-Star
September 17, 2019