Pay gaps continue to widen between African Americans and whites, and the disparity is most acute when factoring in a college education. According to research by the Economic Policy Institute, Black college graduates earned 13% less per hour than their white counterparts in 1979 and 22% less per hour in 2015.
The Philly Tribune
September 17, 2019
There has been a great increase in the number of four-year degree-holders who are neither employed nor enrolled in further schooling — known as idling, according to the Economic Policy Institute.
Certain demographics are recovering from the recession far more easily than others. Per the Economic Policy Institute, the employment rate of white college graduates has improved to nearly 2000 levels. But the gaps between employment levels for white graduates and black, Hispanic, and Asian American and Pacific Islander graduates have grown larger since the year 2000.
The Badger Herald
September 17, 2019
At 10 a.m.: The Census Bureau will release 2018 data on earnings, income, poverty, and health insurance coverage. This annual report provides “a much more textured picture of how the U.S. economy is working for typical households,” according to Valerie Wilson and Elise Gould of the left-leaning Economic Policy Institute. Wilson and Gould write that they will “be paying particular attention to differences in the recovery across racial and ethnic groups.”
Politico
September 17, 2019
In the U.S., for instance, unemployment is historically low, but wage growth for the average worker pales against upper-management’s gains. The Economic Policy Institute, a Washington, D.C.-based think tank with ties to the labor movement, reports that while productivity growth has soared — meaning workers are making a solid contribution to company profits — wage growth for the rank-and-file has been essentially flat over the past 40 years.
MarketWatch
September 17, 2019
More money is lost every year to wage theft than to shoplifting, resulting in billions of dollars in losses to the economy and incalculable damage to the lives of millions of workers, their families, and communities. A 2017 study by the Economic Policy Institute (EPI) estimates that the total wages stolen from workers due to minimum wage violations exceeds $15 billion each year. Consistent with EPI’s findings, a recent survey of 2,000 adults commissioned by the Public Rights Project found that nearly 4 in 10 (39 percent) reported experiencing wage theft.
NELP
September 17, 2019
This trend has long been developing for decades. Since 1979, worker productivity has increased by 70 percent, while wages grew 12 percent. Between 2003 and 2013 wages for the bottom 70 percent of Americans actually declined. In 1968, the Economic Policy Institute has found, the minimum wage could support a family of three; today it condemns a two-person family to poverty.
The Bulwark
September 17, 2019
Despite the recent achievements in improving low wages, there are a number of companies today that pay near-poverty wages to a large share of their workers. According to the nonprofit, nonpartisan think tank Economic Policy Institute, 11.4% of full-time workers earn wages that would be considered below the poverty line for a family.
24/7 Wall St.
September 17, 2019
Buying from black restaurants not only helps you to locate seasoned food, but it helps close the racial wealth gap. More than one in four black households have zero or below net worth compared to less than one in 10 white families without wealth, according to the Economic Policy Institute. Buying black can also help put more money into the community. For example, nearly 70% of the United States economy is made of consumer spending and almost half of small business purchases are redistributed within the community. Supporting black-owned businesses means supporting families and the community they reside in.
Black Enterprise
September 17, 2019
According to research by the Economic Policy Institute (EPI), the teacher shortage could reach 200,000 by 2025, up from 110,000 in 2018. This shortage of workers is due to a number of factors. Among them are pay, working conditions, lack of support, lack of autonomy, and the changing curriculum.
Foundation for Economic Education
September 17, 2019