NAFTA may have been a dream for large corporations, but it was a nightmare for the working-class. Some 700,000 well-paying jobs were lost as a result of NAFTA according to the Economic Policy Institute.
The Daily Caller
May 1, 2019
According to a report by the Economic Policy Institute (EPI):
- The average household aged 56-61 has amassed a $163,577 nest egg.
- Over the course of a 20-year retirement, $163,577 amounts to just $8,178 a year, or $681 a month, of income.
- The median savings for that age group is just $17,000, which means a large number of workers have far less than the average.
- An estimated 41% of households aged 55-64 have no retirement savings at all.
- An estimated 21% of married Social Security recipients and 43% of single recipients 65 and over-rely on their monthly benefit checks to provide at least 90% of their income.
Iris
May 1, 2019
Another meta-analysis comes in a new research paper by economists at the University of Massachusetts, University College London, and the Economic Policy Institute. They studied data from 138 cities and states that raised the minimum pay between 1979 and 2016 and found that low-wage workers received a 7 percent pay bump after the minimum wage law went into effect, but that there was little or no change in employment.
VOX
May 1, 2019
438,000: Estimated number of Oklahoma workers who would directly benefit if the minimum wage was increased to $15 by 2024. [Source: Economic Policy Institute]
Oklahoma Policy Institute
May 1, 2019
While arbitration is often used to settle disputes outside the legal system, many see it as an erosion of workers’ rights. According to the Economic Policy Institute, outcomes obtained through that method are, on average, weaker and success is less likely than when employees bring litigation to the courts. But, employees are generally forced to waive their rights to sue, to participate in a class action lawsuit, or to appeal when they sign contracts containing arbitration clauses.
The Consumer Warning Network
May 1, 2019
American wages have been slow to recover since the 2008 recession overall, but teacher salaries remain notably low. The left-leaning Economic Policy Institute reported on Wednesday that weekly wages for public-school teachers have steadily declined since the mid-1990s, even as wages rose for comparably educated professionals in other industries. Teachers earned, on average, 21.4 percent less than other college graduates in 2018, up from 5.3 percent in 1993. States simply aren’t paying new teachers enough to continue to attract people to the field, even though a national teacher shortage is gradually becoming more severe.
New York Magazine
May 1, 2019
* -$21 — the amount by which average, inflation-adjusted weekly wages of U.S. public school teachers decreased between 1996 and 2018 (Source: Economic Policy Institute: The teacher weekly wage penalty).
The Courier-Tribune
May 1, 2019
According to the Economic Policy Institute, a left-leaning policy organization, teachers are paid 21 percent less than similarly educated and experienced professionals. The so-called “teacher pay gap” reached an all-time high in 2018, the institute’s experts have said, exacerbated by the gender gap in wages. Women earn about 80 percent of men’s salaries across the spectrum of full-time jobs, and historically, teaching has been a profession made up mostly of women. Today, 77 percent of educators are women.
U.S. News
May 1, 2019
Teachers earned 21.4% less than similarly situated professionals in 2018 according to the Economic Policy Institute, she said.
Omaha World-Herald
May 1, 2019
Nationally, teachers earn 23 percent less in wages than similarly educated and experienced workers when adjusted for inflation. That’s according to a recent Economic Policy Institute (EPI) report. The “teacher pay gap” reached a record high in 2018.
National Education Association
May 1, 2019