According to a recent study by the left-leaning Economic Policy Institute, black unemployment in Michigan (12.4%) is 3.4 times higher than the rate for whites—the largest racial gap in the country. Illinois has the highest black unemployment rate in the country at 13.1% compared to 4.2% for whites. Louisiana’s 10.7% black unemployment rate, the highest in the South, is still lower than Ohio’s (10.8%).
Wall Street Journal
March 11, 2016
While the economy has been doing better in general, one very important indicator of economic health remains painfully elusive: wage growth. For the majority of Americans, wages have remained fairly stagnant during the bulk of the recovery, and a new report from the left-leaning Economic Policy Institute suggests that even recent upticks are likely less substantive than they seem.
The Atlantic
March 11, 2016
Despite growth in wages over the past several months, wage inequality rose in 2015, according to a report released Thursday by Economic Policy Institute senior economist Elise Gould. The wage gap has been widening for the past 35 years, and the impact is most pronounced for women, blacks, and Hispanics. The report draws chiefly upon statistics from the Bureau of Labor Statistics and the Census Bureau. While the gulf between the middle- and lower-class wages has held stable since 2000, the gap between the very wealthy and everyone else is expanding.
Christian Science Monitor
March 11, 2016
While more blacks are aspiring to culinary greatness, those students have a disadvantage as soon as they graduate. That’s because the median hourly wages for blacks in the restaurant industry are 9 percent less than for whites, according to a 2014 report from the Economic Policy Institute compiled using figures from the Bureau of Labor Statistics.
Atlanta Journal Constitution
March 11, 2016
Like Michigan, Ohio has seen its fair share of job losses that some attribute to free-trade policies that have encouraged outsourcing and increased imports. In 2015, Ohio lost 115,000 jobs due to free-trade deals, according to a study released this month by the Economic Policy Institute, a think tank focused on conditions of low- and middle-income workers. The study found that Michigan ranked first for the most job loss due to free trade last year, while Ohio ranked sixth.
Boston Globe
March 11, 2016
The Economic Policy Institute in Washington, D.C., found the percentage of self-employed individuals with no employees dropped slightly from 7.9 percent of the workforce in 1995 to 7.7 percent in 2014.
Seattle Times
March 11, 2016
Some of this anxiety is rooted in tangible events. Outsourcing manufacturing jobs, a product of free trade, has cost the United States millions of jobs. Ohio has been particularly hard-hit. The growth of trade with China eliminated more than 106,000 jobs in Ohio between 2001 and 2013, Policy Matters Ohio concluded, based on research by the Economic Policy Institute.
Cleveland Plain Dealer
March 11, 2016
The top 1 percent’s share of U.S. wealth in 2012 (the most recent year for which they have data) was, at 41.8 percent, the highest it has been since 1939. Also, a report out today from the Economic Policy Institute shows that recent wage gains have been highest for those in the upper income brackets.
Bloomberg
March 11, 2016
While that corner of the country is pulling ahead, many Americans aren’t feeling the largesse. Wage inequality has gotten worse since the 1970s, according to Economic Policy Institute’s Elise Gould, who wrote in a research note on Thursday that the latest data for wage growth in 2015 illustrates that those trends are continuing.
CBS Moneywatch
March 11, 2016
There are no comprehensive numbers on what proportion of named executive officers’ compensation is tax-deductible. Steven Balsam, a professor at Temple University’s Fox School of Business, took a swing at the subject four years ago. In an oft-cited paper, “Taxes and Executive Compensation,” written for the Economic Policy Institute, he analyzed compensation paid by 7,248 companies in 2010.
Pacific Standard
March 11, 2016