The wealthiest 1 percent of New Yorkers control about 31 percent of the state’s income, according to data from the Economic Policy Institute, a Washington-based think tank. They also account for half of the state’s income taxes, according to Mr. Cuomo.
The New York Times
February 13, 2019
Teacher strikes have brought much-needed attention to public education. Chronic under-funding has resulted in constant teacher shortages, outdated books, a lack of nurses and other staff, and lagging teacher pay in many school districts across the country. In this post I focus on trends in teacher pay. My partner Larry Mishel (Distinguished Fellow, Economic Policy Institute) and I have been writing about relative teacher pay for over fifteen years.
Berkeley Blog
February 12, 2019
While the district and DCTA argue over the amount of the raise, they both agree that teachers need one. Teacher pay continues to lag behind the pay of other college-educated workers, according to a 2016 report published by the Economic Policy Institute, a left-leaning think tank. The report found: “In 2015, public school teachers’ weekly wages were 17.0 percent lower than those of comparable workers — compared with just 1.8 percent lower in 1994.” Expect to see more strikes, particularly in cities like Denver, where a tech boom has increased the cost of living for all workers.
The Hechinger Report
February 12, 2019
The Economic Policy Institute compared college graduates’ wages within each state and showed teachers incur what they call a “teacher pay penalty.” Their analysis shows teachers in Alabama are paid 72 percent of what college graduates in other professions earn.
Andalusia Star-News
February 12, 2019
Other researchers have also drawn parallels between the present and the past. The Economic Policy Institute, a left-leaning Washington D.C. think tank, estimates that America’s top-earning 1% took in 22% of all national income. The organization said in 1928, 23.9% of the country’s income went to the top 1%.
MarketWatch
February 12, 2019
Bonuses have registered less of an impact, increasing just 2 cents an hour in the first nine months of 2018, according to Lawrence Mishel, former president of the Economic Policy Institute, a left-leaning research group.
The increase was “imperceptible,” Mishel wrote in December on EPI’s blog. “Whatever growth in bonuses has taken place is not necessarily attributable to the tax cuts, rather than employer efforts to recruit workers in a continued low unemployment environment.”
NBC News
February 12, 2019
Even that is more than three times the 312:1 CEO-to-average-worker ratio in 2017 for the 350 largest firms in the United States, according to an analysis by the left-leaning Economic Policy Institute. An anonymous survey of 356 companies by Equilar, an executive data company, found the median CEO pay ratio across all submitting companies was 140:1, and the average was 241:1.
The Washington Post
February 12, 2019
Now, a recent report by the Economic Policy Institute, a nonprofit based in D.C., suggests that Airbnb has an overwhelmingly negative economic impact on cities, with few benefits to balance it out — and asks why cities aren’t doing more to tax the homesharing service.
Skift
February 12, 2019
According to a recent analysis by the Economic Policy Institute, nearly 40% of African Americans and about a third of Latinx Americans would get a raise if the federal minimum wage was raised to $15 an hour. The continued shift to a tip-based economy jeopardizes our progress towards an inclusive economy.
Forbes
February 12, 2019
Kate C. Farrar, executive director of Connecticut Women’s Education and Legal Fund, suggests the council explore paid family and medical leave, and raising the minimum wage as top legislative priorities in 2019. Connecticut’s minimum wage is $10.10. Studies from the Economic Policy Institute says that gradually instituting a federal minimum wage of $15 would lift the pay for 41 million American workers.
Connecticut Health I-Team
February 12, 2019