Public-school teachers last year made 17% less in weekly wages than other workers with similar education levels and years of experience, compared with just 4% less in 1996,according to the study published by the Economic Policy Institute, a left-leaning think tank partly funded by teachers’ unions.
Wall Street Journal
August 18, 2016
Once, teachers earned more than other professionals with comparable levels of education and experience. That has since changed, with a recent analysis by the Economic Policy Institute showing that teachers now earn 17 percent less than their counterparts. Part of the reason for the wage reductions can be explained by austerity measures undertaken by school districts, said one of the report’s authors. “Teachers missed out on the wage boom of the late 1990s, and in the recovery from the Great Recession, school districts have been under financial pressure and have not really been giving out wage increases,” said Lawrence Mishel, president of the Economic Policy Institute. “I think some teachers have foregone wage increases in order to preserve their benefits.
Marketplace
August 18, 2016
Well, a new report from the Economic Policy Institute tells us that it’s time to re-evaluate our assumptions. In 1996, in absolute terms, teachers earned 4% less than workers with the same kinds of education and credentials. Today, that wage penalty is 17.3%. Adjusted for benefits, they are still 11% underpaid, compared to a 2% wage gap back in 1996. The report notes that this is most dramatic for women, for whom teaching was once a way to earn better wages than they could anywhere else. In 1960, the EPI notes, women teachers had a 14.7% wage gap in their favor. Today, they earn 13.9% less than they could, on average, by taking their skills elsewhere.
The Guardian
August 18, 2016
Some economists are even more negative about China’s impact. Robert Scott, an economist at the left-leaning Economic Policy Institute, along with co-author Will Kimball, estimated the impact of Chinese trade to be much worse: causing around 3.2 million lost jobs, most of them in manufacturing. That is the “small problem,” Scott said. The bigger one is suppressed wages, as his colleague Josh Bivens argued in a 2013 analysis that estimated growing trade with less-developed countries lowered the wages of the average worker without a college degree by $1,800 (in 2011 dollars); one-third of it is attributable to China.
FiveThirtyEight
August 18, 2016
“It’s a badge of honor among policy elites to believe that Social Security has to be cut, not increased,” says Monique Morrisey, an economist at the Economic Policy Institute, which supports expanding Social Security. “Elite opinion is so strongly against it.”
The American Prospect
August 18, 2016
The study was done by Sylvia Allegretto and Lawrence Mishel and published by the Economic Policy Institute, a nonprofit created in 1986 to broaden the discussion about economic policy to include the interests of low- and middle-income workers. Mishel, a nationally recognized economist, is president of EPI and helped build it into a premier research organization focused on U.S. living standards and labor markets. Allegretto is an economist at the Institute for Research on Labor and Employment at the University of California, Berkeley. She co-authored two editions of The State of Working America while working as an economist at the Economic Policy Institute.
The Washington Post
August 17, 2016
A recent study by the Economic Policy Institute reported infant care in 33 states costs more than in-state college tuition and care for 4-year-olds exceeds college tuition in 24 states. At the same time, early educators say preschool is increasingly valued, and point to new science about critical brain development occurring well before kindergarten.
PBS News Hour
August 17, 2016
AFTER nearly eight years of President Barack Obama’s economic policies, the national economy and wage growth remain sluggish. The liberal Economic Policy Institute offers an interesting theory to explain away those lackluster results: Government hasn’t taxed and spent enough in the Obama era.
The Oklahoman
August 17, 2016
Others may not be so fortunate and could find themselves stressed out by whether they’ll have enough money to get through retirement. “It is possible that American seniors enjoy working more than their counterparts in Europe and Canada,” said a study by the Economic Policy Institute (EPI). But it’s equally possible that they’re working because they have to. The U.S. has a “high senior poverty rate,” and the pensions that workers once had are being replaced by “inadequate 401k’s,” said the EPI. And even many of those vanished somewhat during the last recession. That may be why 30 percent of this country’s 65- to 69-year-olds are still at the daily grind, compared with only 20 percent in other developed nations. For those who still need to work, the fact that pensions have all but disappeared — with the exception of public employees — has one good effect when an older person is seeking a job. “The shift away from defined benefit pensions has eliminated one barrier to hiring older workers, because employers no longer face the burden of backloaded benefit(s),” said the study.
CBS Moneywatch
August 17, 2016
Larry Mishel, president of left-leaning think tank Economic Policy Institute, where Boushey once worked, called her “whip smart and practical.” “Her passion these days is about helping individuals balance work and family,” Mishel told MarketWatch. “And that is really an important part of the Clinton agenda.”
MarketWatch
August 17, 2016