The state of Florida ranks number 46 in the U.S. when it comes to funding education. A recent report from the Economic Policy Institute says that’s one reason college kids aren’t majoring in the field.
A “challenging school environment” and lack of development and training are also play a role.
ABC Action News
July 18, 2019
“As a group, low-wage workers would be just unambiguously better off,” said Heidi Shierholz, policy director at the Economic Policy Institute, a liberal think tank that has long pushed for minimum wage increases. “The bottom line is the benefits exceed the costs.”
Ms. Shierholz and other liberal economists also questioned the budget office’s methodology, saying it overlooked recent academic research that has found substantially less job loss from minimum-wage increases than many economists previously expected.
The New York Times
July 18, 2019
In the 10 most populous states, workers lose $8 billion a year from minimum wage violations, according to a 2017 report from the Economic Policy Institute, a nonprofit, nonpartisan think tank.
Workers recovered $2 billion in stolen wages in 2015 and 2016 through the efforts of the U.S. Department of Labor, state departments of labor and attorneys general in 39 states and class action settlements, according to a separate Economic Policy Institute study.
NBC News
July 18, 2019
And, unscrupulous businesses stole an estimated $429 million in wages and overtime pay from Michigan workers between 2013 and 2015, impacting more than 2.8 million workers, according to an analysis by the Economic Policy Institute. The construction industry, in particular, has been a hotbed for such fraud for decades.
Michigan Building and Construction Trades Council
July 18, 2019
Lawrence Mishel, a labor-market economist at the left-leaning Economic Policy Institute, told MarketWatch that Amazon “should be neutral to collective bargaining.” He added, “I think it’s important to have workers’ voices in what’s going on.”
MarketWatch
July 18, 2019
John Bivens, the director of research at the Economic Policy Institute Policy Center, told Newsweek that $2.75 trillion in tax revenue “would come really close to paying for her child care, free college and debt forgiveness proposals.”
“The estimates on those are roughly $700 billion, $600 billion and $650 billion respectively,” Bivens added. In total, those plans would cost about $1.95 trillion and still leave $800 billion left over for other policy ideas.
Newsweek
July 18, 2019
But for most the idea of a nest egg or a secure retirement is just a dream. According to the Economic Policy Institute, almost half of all Americans have no retirement savings at all. And more than 60 percent have less than $1,000 in savings of any kind.
Texarkana Gazette
July 18, 2019
And these measures worked. The wealthier white population steadily began to leave Detroit, shrinking the population and its tax base. According to the Economic Policy Institute in America, this left the city “less able to support public schools, public safety, and its huge, geographically spread-out infrastructure” which ultimately “turned Detroit from a wealthy white city into a desperately poor black city”.
GQ
July 18, 2019
But to fully understand the larceny that undergirds the twin scourges of racism and monopoly capitalism, you need only interrogate the proliferation of high-interest home loans, or subprime mortgages, which triggered the collapse of the global real estate market in 2008. An analysis by the Economic Policy Institute of data compiled at the zenith of the real estate boom found that 53 percent of all black borrowers were issued subprime loans, compared to 47 percent of Latinos and a quarter of white borrowers. In New York City, African-American home buyers in 2006 were four times more likely than whites to be saddled with a subprime mortgage, wrote Columbia University sociologist Saskia Sassen in the book White Collar Criminals and the Financial Meltdown, citing data compiled by New York University’s Furman Center for Real Estate and Urban Policy. Meanwhile, another study found that between 2004 and 2008, only 6.2 percent of white borrowers with a credit score of 660 or higher received a subprime loan while the rate for black borrowers with similar credit scores was 21.4 percent. In fact, the lending disparities actually widened when households with higher incomes were compared, meaning that an African-American family earning more than $200,000 a year was more likely to be given a subprime loan than a white family making less than $30,000 annually, leaving New York University Sociology Professor Jacob Faber to conclude that borrowers of color were targeted not because they were credit risks, but because they weren’t.
Medium
July 18, 2019
The Economic Policy Institute, a left-leaning think tank, concluded that the U.S. lost about 850,000 jobs from 1993 to 2013 as a result of NAFTA and that number has undoubtedly risen. And the “social progress as well as economic growth” in relation to the agreement never seemed to appear. Despite strong productivity growth in U.S. and Mexican manufacturing, real wages sank by 17% in Mexico from 1994 to 2011 and slid in the U.S. as well.
Bozeman Daily Chronicle
July 18, 2019