Monique Morrissey, 52, a retirement economist at The Economic Policy Institute, had a string of low-paying jobs at non-profits when she started out in the working world, but she was never much of an obsessive saver. She lived off her student stipend and borrowed money from her brother to make rent every month during grad school.
Money
April 24, 2019
That’s according to an analysis by Economic Policy Institute, a nonpartisan think tank supported partially by teachers’ unions. The teacher weekly wage penalty reached a record 21.4 percent in 2018.
Education Week
April 24, 2019
The Economic Policy Institute issued an analysis today that found teachers were paid 21.4% less in 2018 in weekly wages than similar college graduates after accounting for education, experience, and other factors.
The Atlanta Journal Constitution
April 24, 2019
For a single person starting out on their own in the San Francisco metro area it takes roughly $69,000 to afford basic expenses, according to the Economic Policy Institute, a left-leaning think tank. “Once you pay your mortgage and put food on the table and get to and from work you don’t have a whole lot left over to pay your debt,” said Elise Gould, a senior economist at EPI.
MarketWatch
April 24, 2019
Being so close to the nation’s capital isn’t doing Virginia any favors when it comes to housing prices or cost of living. According to the Economic Policy Institute, the cheapest metro area in the state is Richmond—and even there, you would need about $83,000 to live off of, almost $30,000 more than the average teacher makes.
Reader's Digest
April 24, 2019
“Segregation by race and by income have indeed gotten worse over time,” said Emma Garcia, an economist at the Economic Policy Institute. “Some may argue that the demographics of the student population changed over time too, but the reality is that schools don’t reflect the diversity of the country — they reflect a system that does not offer equal opportunities to all students depending on their race, origin, or socioeconomic status.”
Yahoo Finance
April 24, 2019
The trustees overseeing Social Security say the retirement program’s cost will exceed its income in 2020. Ali Velshi takes a closer look at Social Security’s financial situation with Economic Policy Institute economist Monique Morrissey.
MSNBC
April 24, 2019
While the district and DCTA argue over the amount of the raise, 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. “In 2015, public school teachers’ weekly wages were 17 percent lower than those of comparable workers—compared with just 1.8 percent lower in 1994,” the report states. Expect to see more strikes, particularly in cities like Denver, where a tech boom has increased the cost of living for all workers.
The Brookings Institution
March 22, 2019
Until the mid-1990s, teachers were paid almost as much as other educated workers, according to the Economic Policy Institute’s analysis of Labor Department data. As of 2017, the most recent year for which data is available, they were paid an average of 18.7 percent less. Their 7.6 percent advantage in benefits does not close the gap.
The Washington Post
March 22, 2019