Media clips
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The top 1 percent in Rhode Island earn 18.2 times more than the bottom 99 percent and have seen dramatic increase in their share of income growth in recent decades compared to earlier periods In The New Gilded Age: Income Inequality in the United States by State, Metropolitan Area, and County, a new paper published by the Washington DC based Economic Policy Institute for the Economic Analysis and Research Network (EARN), Mark Price, an economist at the Keystone Research Center in Harrisburg, Pennsylvania and Estelle Sommeiller, a socio-economist at France’s Institute for Research in Economic and Social Sciences, detail the incomes of the top 1 percent and the bottom 99 percent by state, metropolitan area, and county. (whole story)
Uprise Rhode Island July 20, 2018 -
The United States has entered a new Gilded Age. And, according to the leftist Economic Policy Institute (EPI), income inequality is so bad that we might return to the days when the Vanderbilts were building the Breakers and the Biltmore while shoeless children swept chimneys and toiled on the slag heap. “There has been vast and widespread growth in income inequality in every corner of the country,” EPI reported. “Overall, the growth in incomes of the bottom 99 percent has improved since our last report, in step with a strengthening economy, but the gap between the top 1 percent and everyone else still grew in the majority of states we examine here.” (whole story)
The New American July 20, 2018 -
According to a paper released by the Economic Policy Institute (EPI), the wealth gap in West Virginia is fourth smallest, by ratio, in the U.S. behind Alaska, Hawaii and Iowa. While that may seem like a good figure to have, that number is largely based on the fact that both the top 1 percent of earners in the state and the bottom 99 percent of earners in the state are both the poorest in their respective category. The paper, “The new gilded age: Income inequality in the U.S. by state, metropolitan area, and county,” written by Estelle Sommeiller, a socio-economist at the Institute for Research in Economic and Social Sciences in France, and Mark Price, an economist at the Keystone Research Center in Pennsylvania, found that the wealth gap, a measure between the top one percent of earners and the bottom 99 percent of earners, has grown in every state since the 1970s. (whole story)
The Register-Herald July 20, 2018 -
The national nonpartisan Economic Policy Institute ranks Indiana 39th among states for income inequality. The institute reports the average top 1 percent in Indiana earns 17.3 times more than the average income of the rest of the state. “What’s really significant about that is that it reflects not just a disparity between what the average Hoosier household is taking home, but it is also reflecting policy changes that’s widening that gap,” says Indiana Institute for Working Families senior policy analyst Andrew Bradley.
Indian Public Media July 20, 2018 -
A new study shows inequality of personal income in the United States is approaching levels last seen 90 years ago, on the eve of the Great Depression.
Leading the nation with the greatest divide between the wealthiest 1 percent of residents and the other 99 percent was New York state, according to the report by the Economic Policy Institute, a left-leaning think tank in Washington, D.C. (whole story)
The Daily Gazette July 20, 2018 -
Are we reliving the “Great Gatsby” era? A new study cites five states where the top 1 percent have exceeded 1928’s 23.9 percent share of income: According to an Economic Policy Institute (EPI) study of the new “gilded age,” these are the top states with the widest income disparities: (whole story)
Also in the Daily Voice of Peekskill , New Rochelle, Somers , Tarrytown, North Salem, Port Chester, Pound Ridge, Putnam, Rivertowns, Ossining, Scarsdale, Rye, Armonk, Bedford, Chappaqua, Darien, Eastchester, East Dutchess, Fairfield, Greenwich, Lewisboro, Mount Vernon, Mt. Pleasant, Northwest Dutchess, Newtown, Orangetown, North Rockland, Rampo, Shelton, Stratford, Trumbull-Monroe, Bronxville, Bridgeport, Briarcliff, Brookfield, Clarkstown, Cortlandt, Harrison, Mamaroneck, Mt. Kisco, New Canaan, Yorktown, Yonkers, Westport Weston, White Plains, Southwest Dutchess, Pleasantville, Pelham, and Norwalk.
Greenburg Daily Voice July 20, 2018 -
Whole blog post.
Capitol Fax Blog July 20, 2018 -
Heralding a new “Gilded Age,” CBS News Moneywatch journalist Aimee Picchi penned a story about an income inequality not seen in America since 1928—a year before the stock market crash that spiraled the country into the Great Depression. Referring to a recent Economic Policy Institute study, Picchi found an alarming level of wealth disparity growing in many US cities and off the charts in some including Jackson, Wyo. Some five states and 30 cities have already surpassed astounding thresholds where top earners have distanced themselves from the rest of the blue-collar pack by considerable margins. (whole story)
Buckrail July 20, 2018 -
America is heading for a level of income inequality that hasn’t been seen since 1928 — yet the richest residents in fives states and 30 cities have already surpassed that threshold, according to a new study. Unequal income growth since the 1970s has buoyed the fortunes of the top 1 percent of income earners, widening income inequality in every state, the study from the Economic Policy Institute found. Across the country, the top-earning households took home 22 percent of all income in 2015, the latest year for which the IRS has data. That’s just 1.9 percentage points lower than 1928’s record share of 23.9 percent of income. (whole story)
CBS Moneywatch July 19, 2018 -
Recently published research finds that the law would negatively affect Missouri workers—regardless of union membership. Laws restricting unions’ collective bargaining power have resulted in decreased wages and and fewer job opportunities, according to a report by the Economic Policy Institute (EPI). If the law were implemented, an estimated 60,000 fewer Missourians would be covered by a union contract, according to EPI. (Janelle quoted)
Rewire July 19, 2018
