Part of the problem is that the US no longer has the manufacturing base it once did. According to Robert E. Scott, senior economist at the Economic Policy Institute, over the past two decades, the US has lost roughly a third of its manufacturing capacity, as more than 90,000 factories have closed and 5 million manufacturing jobs have been lost.
ABC 7
May 15, 2019
“Wages are rising,” Harsanyi states, but according to the Economic Policy Institute: “From 2000 to 2018, wage growth was strongest for the highest wage workers, continuing the trend in rising wage inequality over the last four decades.”
The Star Democrat
May 15, 2019
The left-leaning Economic Policy Institute in a 2016 report found nearly half of families had no retirement account savings at all, based on data that ran through 2013. The group also highlighted a gap between high and low earners, saying the median working-age family had $5,000 saved in 2013, while the top 10% of earners had $274,000.
Route Fifty
May 15, 2019
“”Stress” is a commonplace term for hormonal changes that occur in response to frightening or threatening events or conditions. When severe, these changes are termed “toxic” stress and can impede children’s behavior, cognitive capacity, and emotional and physical health.
Youth Today
May 15, 2019
Despite growing levels of educational attainment, there is still significant dispersion between the groups of people who do and do not have college degrees, new research from the Economic Policy Institute finds.
Axios
May 15, 2019
Michigan public school teachers made 23% less than other college-educated workers in 2017 on average, according to an analysis by the left-leaning Economic Policy Institute.
Michigan Live
May 15, 2019
Meanwhile, progressive economists had their own reasons for challenging the focus on the gig economy. This theme became prominent in the work of the Economic Policy Institute’s former president and current senior fellow, Lawrence Mishel, and has continued in subsequent work either written or published by EPI.
The American Prospect
May 15, 2019
Wisconsin Public Radio
May 14, 2019
“Getting profitable by squeezing down costs is going to create even further problems, with the high turnover rate with drivers and challenge the new drivers so they can expand,” said Larry Mishel, distinguished fellow at the Economic Policy Institute in Washington. “There are huge contradictions at the heart of their business model.” Last year, Mishel worked on a study of Uber drivers and concluded that their W-2 equivalent hourly wage is less than what 90% of U.S. workers earn. “Our results indicate that Uber drivers earn low wages and compensation and the total hours and compensation in the gig economy represent a very small share of total hours and compensation in the overall economy,” Mishel’s study said.
MarketWatch
May 14, 2019
An Economic Policy Institute report from 2018 found that after taking into account vehicle expenses and depreciation, Social Security and Medicare taxes paid after the fact, the average Uber driver wage was $10.87 per hour. Basic statistics knowledge suggests that many drivers would make below their local minimum wage, which varies nationally from $7.25 per hour to $15 per hour in some cities in California.
Salon
May 14, 2019