In EPI’s report, “Class of 2019: High School Edition,” we examine the job prospects of students as they graduate from high school and consider their next steps. Importantly, nearly two-thirds of workers over age 21 do not have a four-year college degree. Our economic policies must take into account the vast majority of workers with only a high school education, and ensure that they have access to good jobs as well.
Click here to share this chart, which shows average wages for workers with a high school degree: $12.26 an hour.
The chart reveals a persistent inequity which must be addressed: Right out of high school, women and black workers, on average, are paid at least 10 percent less than white men.
Hearst CT News Blog
June 11, 2019
Of course there are still challenges. The Economic Policy Institute’s research on job prospects for college graduates found that while this year’s class has better prospects than those who graduated in the immediate aftermath of the Great Recession, many recent graduates will take jobs that don’t require a college degree. It also found worsening wage gaps among women and black workers and high levels of student debt.
BU Today
June 11, 2019
In 1982, according to the Economic Policy Institute, the average CEO earned 50 times the average production worker. Today, the CEO Pay Ratio’s increased to 144 times the average worker with most of the gains a result of stock options and awards.
Investor Place
June 7, 2019
PayScale’s research seems in line with what others have observed: gender- and raced-based pay inequities are real, persistent and lead to long-term earnings setbacks for some workers, especially black workers. The left-leaning think thank Economic Policy Institute (EPI) released a report earlier this year showing that wages for whites and Hispanics were growing faster than those for black workers, and that the wage gap between black employees and white employees in 2019 is bigger than it was in 2000. According to the EPI report, only those black employees with college educations had higher wage growth than in 2000; still, their wage growth lagged behind that of whites and Hispanics.
HR Dive
June 7, 2019
According to the Economic Policy Institute, in 1965 bosses of the largest companies in the U.S. earned around 20 times more than their average employee. By 1989 the number had more than trebled to 58 times. Today it’s over 300 times and rising. And some CEOs are making astronomically more than their workers.
Forbes
June 7, 2019
“The most effective tools available are those that would directly intervene in currency markets,” the economist Robert Scott wrote in another article Warren cited. Scott noted the 2012 Peterson Institute brief, which recommended large purchases of foreign currencies, as well as the so-called “Market Access Charge” promoted by former World Bank economist John Hansen. The charge is essentially a tax on capital inflows.
CNBC
June 7, 2019
Republicans argue that American workers face a disadvantage because of China’s unfair trade practices and theft of intellectual property. Approximately 3.4 million U.S. jobs were lost to the trade deficit with China between 2001 and 2017, according to a study by the Economic Policy Institute, a left-of-center think tank, and the country loses as much as $600 billion due to Chinese intellectual property theft per year. President Trump has bet much of his presidency on confronting China and revising the terms of trade.
Washington Examiner
June 7, 2019
Pedro Da Costa, director of communications at the Economic Policy Institute, talks to France 24 about US President Donald Trump’s announcement to impose a 5% tariff on Mexico starting June 10th, unless they stop illegal immigration.
France 24
June 7, 2019
Robert Scott, senior economist at the Economic Policy Institute, was more skeptical of the numbers produced by China. “There’s a lot of distortion in the trade data that China publishes,” Scott told Newsweek. “The fact of the matter is China still imports about one-fifth from us as much as they export, and these numbers don’t change that fact.”
Newsweek
June 7, 2019
An Economic Policy Institute (EPI) analysis released in February showed that the bill would, as Common Dreams reported at the time, “boost the incomes and improve the lives of an estimated 40 million Americans.” The EPI report also explained that “because lower-paid workers spend much of their extra earnings, this injection of wages would help stimulate the economy and spur greater business activity and job growth.”
Common Dreams
June 7, 2019