In 2017, among those 25 and older, only 19.8 percent of Latino men compared to 43.2 percent of white men had at least an associate degree. Not surprisingly, the average hourly wage of Latino men was 32.5 percent below white men’s wage rate. Economic Policy Institute researchers Maria Mora and Alberto Davila reported that including adjustments for differences in educational attainment and age, the wage gap declined to 14.9 percent. This remaining gap is virtually eliminated if we then adjust for lower Latino academic test scores that are linked to weaker schools attended and low-earning occupations entered.
Gotham Gazette
March 20, 2019
Along with her position at Georgetown, Kennedy Townsend is the director of retirement security at the Economic Policy Institute, a left-leaning Washington, D.C., think tank. Kennedy Townsend was the Democratic nominee for governor in Maryland in 2002, narrowly losing the election to Republican Robert Ehrlich.
Observer Reporter
March 20, 2019
The issue driving income inequality in the U.S. has not been a lack of productivity by American workers, a new report from the Economic Policy Institute finds. Instead it is that the lion’s share of gains from increased productivity have gone to a tiny segment of wage earners at the top.
Axios
March 20, 2019
Growing income inequality in the U.S. is probably something you’re familiar with. If you’re an investor, you’re likely aware of the crazy multiples CEOs are sometimes paid compared to the average workers in their companies. But it’s not just between CEOs and their employees that this gap is apparent. According to the Economic Policy Institute, the average income of the top 1% was 26.3 times higher than the average household income of the bottom 99% in 2015. With earnings growing at a faster pace for the well-to-do relative to lower- and middle-income families, opportunities for advancement remain harder to come by for these low- and middle-income households.
Sioux City Journal
March 19, 2019
WASHINGTON – Inflation-adjusted wages grew for most workers across the wage distribution in 2018, according to a new report by EPI Senior Economist Elise Gould. Analyzing data from the Current Population Survey (CPS), Gould finds that while some workers saw modest wage growth last year, large gaps by gender, race, wage, and education level remain—and some of these gaps are increasing.
Common Dreams
March 19, 2019
The Raise the Wage Act of 2019 would increase wages for 38 percent of all African-American workers, and 23 percent of white workers, according to the Economic Policy Institute report. Wade Luneburg, political director with hospitality union Unite Here, said no Minnesotan who works full time should have to live in poverty.
Workday Minnesota
March 19, 2019
Illinois’ new law comes on the heels of an analysis from the Economic Policy Institute (EPI) that concluded the Raise the Wage Act of 2019 would improve the lives of an estimated 40 million Americans nationwide, particularly women, people of color, and single parents. Sponsored by Rep. Bobby Scott (D-Va.) and Sen. Bernie Sanders (I-Vt.)—who announced Tuesday that he is running for president—the measure would raise the federal hourly minimum wage from $7.25 to $15 by 2024.
Common Dreams
March 19, 2019
Meanwhile, other groups view the skills gap differently, saying employers are at least partially to blame. The Economic Policy Institute, a progressive think tank, published an analysis in July 2018 arguing that employers with “monopsony power” that want to increase hiring are not paying enough to attract workers. Others have instead refocused the discussion away from a lack of skills and toward the gap between the labor market’s supply side and demand side.
HR Dive
March 19, 2019
“It’s not just the poor who are affected by inequality, we’re all affected by inequality. Our colleagues at the Harvard School of Public Health describe inequality as a social pollutant because it’s like air pollution — you can’t escape it, it’s in the air, we all feel it,” Pickett said during a recent book talk at the Economic Policy Institute in Washington.
Market Watch
March 19, 2019
Discrimination and housing segregation in the United States didn’t happened by chance. In this episode, our guests Richard Rothstein, author of the book The Color of Law, and Emmanuel Martinez, data reporter for Reveal, explain how redlining still shapes our cities and affects people of color.
In the Thick
March 19, 2019