Navarro’s views find some support from the left-leaning Economic Policy Institute, which estimates American job losses, by state, due to China trade from 2001 to 2017 as follows:
- California – 560,000 jobs
- Texas – 314,000 jobs
- New York – 183,500 jobs
- Illinois – 148,200 jobs
- Pennsylvania – 136,100 jobs
Fox Business
August 21, 2019
At the same time, there are some not-so-nice forces behind the trend. Economic Policy Institute senior economist Elise Gould tells the WSJ that women are looking to education as a way to narrow the gender pay gap. I wrote about Georgetown data on the subject last year and it ain’t pretty: Women with a bachelor’s degree earn the same as men with an associate’s degree—a disparity that persists as you climb the rungs of the academic ladder. In other words, some women may be obtaining advanced degrees simply so they can make as much as less educated men.
Fortune
August 21, 2019
Everything Graeber says sounds like gospel right up until the last part—there’s an argument to be made that a significant part of the problem is that a baffling number of people do think bullshit jobs serve meaningful purposes. Employers are actually much better than Graeber gives them credit for at making you feel like your work is meaningful. And that’s without pundits on national broadcasting informing you of the dire state of the economy and the vital role of every man, woman, and child in ensuring that the wheels of civilization keep turning (and inveighing against the laziness of the unemployed, who are obviously neglecting their civic duty).Apparently, two out of five Americans believe the country is facing a critical shortage of STEM workers, even though current university students are twice as likely to study STEM as their parents were, and a study from the Economic Policy Institute found that A) the only reason more people aren’t working in STEM is because the pay is low and the jobs are bad, and B) in reality there’s still no shortage. Researchers from the University of Warwick and the University of Leicester found that a similar state of affairs exists in the U.K.
Current Affairs
August 21, 2019
Compensation for top business leaders rose more than 940.3% over four decades, according to a survey by the Economic Policy Institute. The typical worker’s wages grew 11.9% during the same period. Who are the consumers Trump and Kudlow are talking about? Their statements are disproved by the statistics.
Star Tribune
August 21, 2019
We note…and we shall grant that the data are provided by an openly left-of-center Organization so we take the data with a grain of economic salt… that the Economic Policy Institute reported last week that over the course of the past four decades the average “corporate executive” saw his/her total “pay” rise 1,000% and that is almost 100 Xs that of the average worker. Precisely, the total pay including salaries, benefits and stock options for CEOs rose 1,007.5% from 1978 to 2018 while that of the average worker rose 12%!
AEI
August 21, 2019
The latest indicator that things are terribly out of whack came in a report last week from the Economic Policy Institute, which found that compensation for American chief executives increased by 940% from 1978 to 2018, while pay for the average worker rose by a miserable 12% over the same 40-year period.
Average pay for CEOs of the 350 biggest U.S. companies hit $17.2 million last year, the researchers found.
Los Angeles Times
August 21, 2019
According to the Economic Policy Institute, CEOs in major U.S. companies earned around 18 times more than a typical worker in 1965 — a handsome figure, but certainly not detrimental to the public interest. By 2011 though, American CEOs were bringing home over 200 times more than the average worker — even in the wake of the financial crisis only three years earlier.
OneZero
August 21, 2019
Well, President Trump is at it again—lashing out at commentators who suggest a recession could be coming. He believes that such talk is merely alarmist criticism meant to scuttle his reelection. But the president and his staff have access to the best economic data. And there are clear signs in the data that a slowdown may be on the way.
The Hill
August 21, 2019
Elise Gould, senior economist at the Economic Policy Institute, said that women also look to further their education just to get the same returns as men who achieve lower levels of education. In other words, the wage gap at different education levels might be pushing the female desire to earn advanced degrees.
The Wall Street Journal
August 20, 2019
Math and science educators are a close second to special education when it comes to shortages nationwide, according to a 2016 report by the Economic Policy Institute. While more than half of U.S. school districts report difficulties in recruiting and retaining qualified STEM teachers, the situation is exacerbated for schools serving primarily Black and Brown students. More than 90 percent of districts with large African American and Hispanic and Latinx populations report significant struggles with hiring and keeping high-quality STEM teachers, according to The74, an education news site.
Insight Into Diversity
August 20, 2019