According to CNBC, a recent report from the Economic Policy Institute (EPI), a non-profit organization based in Washington D.C. who’s goal is to analyze the difference between the wealthiest 1% of Americans verses the rest, has found that Jackson, Wyoming is the most unequal place regarding income in America.
Snowbrains
August 2, 2018
Now, a new study by non-profit think tank Economic Policy Institute is trying to put those figures into perspective by comparing the average earnings of those wealthy enough to be in the nation’s top one percent versus the other 99 percent of Americans.
My SanAntonio
August 2, 2018
A new study says the disparity in Missoula between the top 1 percent and the bottom 99 percent of earners makes this the 33rd most unequal metro area in the United States. The recent study by the Economic Policy Institute, a liberal think tank, found the top 1 percent in Missoula earned an average of roughly $1.36 million in 2015, while the bottom 99 percent earned an average of $44,234, as reported to the Internal Revenue Service. (whole story)
Missoulian
July 31, 2018
Income inequality has risen in every state since the 1970s. That’s according to a new report published by the Economic Policy Institute — a left-leaning non-profit think tank. The most unequal metro area is right here in our region. Places like Wall Street or Silicon Valley might come to mind when it comes to the highest incomes in the country. However, in 2015, the top 1 percent of earners living in Jackson Hole, Wyoming made 132 times the average income of the bottom 99 percent. (whole story)
KUNC
July 31, 2018
A coalition of labor, environmental and human-rights groups opposed China’s admission to the WTO. Robert Scott, an economist at the Economic Policy Institute, a labor-backed research group, cranked out alarming numbers. In 2000, he forecast that nearly a million U.S. manufacturing jobs would be lost to Chinese competition.
The Wall Street Journal
July 30, 2018
Josh Bivens, director of research at the Economic Policy Institute, said there is “little in these six months of data to indicate that American economic growth has moved off the same trend that has characterized most of the post-Great Recession recovery.”
Think Progress
July 30, 2018
Josh Bivens, director of research at the Economic Policy Institute, agreed that growth at this level is not sustainable in the long run. “Economic growth is determined by the labor force and productivity and no one thinks productivity is going to rise more than 1.5 or 2 percent and no one thinks the labor force can grow faster than 1 percent,” he told Newsweek.
Newsweek
July 30, 2018
Josh Bivens, director of research at the left-leaning Economic Policy Institute (EPI), wrote that the GDP data combined with the 2.2 percent figure from the first three months of the year point to a trajectory in line with growth that has been typical since the last recession. “There is little in these six months of data to indicate that American economic growth has moved off the same trend that has characterized most of the post-Great Recession recovery,” he wrote.
Lifezette
July 30, 2018
“I’m going to need to see a sustained period of higher than trend growth before I declare with any certainty declare anything different has happened here,” said Josh Bivens, director of research at the Economic Policy Institute. Moreover, since the economic recovery began in mid-2009, there have been four quarters where gross domestic product peaked above 4.1 percent, leaving economists like Bivens unconvinced. (Josh quoted throughout)
Circa
July 30, 2018
Josh Bivens, director of research at the Economic Policy Institute is of the similar opinion, and asserts that economic growth is determined by labor force, and productivity, neither of which are growing fast enough. The GDP growth, the two economists pointed out, is not unusual, and not nearly as revolutionary as Trump has repeatedly suggested.
The Inquisitr
July 30, 2018