It is worth noting that interest rate-sensitive components of GDP are durable goods, net exports and business investments (i.e., nonresidential fixed investments), according to economist Josh Bivens, director of research at the Economic Policy Institute in Washington, D.C.
MultiBriefs
September 27, 2019
Looking around at the child-care options, most were just as expensive as my mortgage, and I am hardly alone. According to the Economic Policy Institute, the cost of child care exceeds the cost of a mortgage and in-state college tuition in many states. In Vermont, infant care costs almost 10 percent more than the average rent; it is also the least available type of child care.
Waterbury Record
September 27, 2019
David Cooper and Julia Wolfe, analysts with the left-leaning Economic Policy Institute, described the continued reductions in poverty rates for many states as good news, but also suggested that the figures showed a slowdown in progress reducing poverty.
They noted that 20 states had statistically significant declines in poverty between 2016 and 2017, compared to only 14 this year and that 38 states still had higher poverty rates in 2018 than in 2000.
Route Fifty
September 27, 2019
An Economic Policy Institute analysis of the Census Bureau data released Thursday underscored the point.
Incorporating the latest numbers with prior Census Bureau reports, EPI noted that Nevada’s inflation-adjusted household median income was 12.3 percent lower in 2018 than it was in 2007.
Nevada Current
September 27, 2019
In 2018, the median household in Kentucky had $50,247 in income, a statistically insignificant increase from 2017 once inflation is taken into account. It’s not enough to live on: According to the Economic Policy Institute, a family of 4 in Bowling Green, for instance, needs about $77,000 in annual income to ensure a “modest yet adequate standard of living” based on housing, food, childcare, transportation and other costs.
Bereaonline.com
September 27, 2019
Of companies earning at least $1 billion in revenue, Barra was the 60th highest-paid chief executive. CEO compensation has risen 940% from 1978 to 2018, while worker pay was up 12%, according to data from the Economic Policy Institute, a Washington D.C.-based think tank.
The Detroit News
September 27, 2019
The Boston-area workers voted to be represented by Teamsters Local 25 last year. They have been on strike since late August, after Republic refused to agree to a contract with a livable wage and affordable health care. On average, the striking sanitation workers are paid 40 percent below what it takes to make a living wage for a family with one adult and one child, according to the Economic Policy Institute’s Family Budget Calculator.
Cision
September 27, 2019
There are 28 states and Washington, D.C. that mandate a minimum higher than the federal wage as of July 12 (Economic Policy Institute). When the state minimum wage is higher, employers are required to pay workers the higher amount.
Hartford Courant
September 27, 2019
The faster growth at the bottom is probably being fueled in part by recent minimum-wage increases in cities and states across the country. Research from the Economic Policy Institute found that over the past five years, wages for low-wage workers rose 13 percent in states that raised their minimum wages, compared with 8.4 percent in states that did not.
(New York Times)
SHRM
September 27, 2019
That was one of the data points in a new analysis from 24/7 Wall St., which examined the county in each state that is the most expensive to live in. The Economic Policy Institute’s Family Budget Calculator was used to determine the local cost of living, which includes housing, food, health care, transportation and other necessities.
The Center Square
September 27, 2019