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
The salience of trade, in a state where unemployment had tumbled more than half since the start of the Great Recession, blindsided a Democratic Party that has struggled to find coherence between its labor base and its neoliberal leadership. It also worried Republicans, whose leaders and donors are resolutely in favor of free trade. “There has been a bipartisan conventional wisdom that the damage done to working-class jobs and incomes are simply part of inevitable changes, ones we cannot and should not challenge,” said Larry Mishel, president of the left-leaning Economic Policy Institute. “Even President Obama is blaming inequality problems on technological change, which is not even a plausible explanation for post-2000 America. People correctly understand that many elites simply believe that wage stagnation is something we cannot change.”
The Washington Post
March 10, 2016
The Economic Policy Institute, a left-leaning think tank, estimates that Michigan would lose 5 percent of its jobs if TPP were to take effect, the highest proportion of any state.
Reuters
March 10, 2016
In 2010, an analysis by the liberal Economic Policy Institute found that the U.S. trade deficit with Mexico after NAFTA was enacted led Michigan to lose 43,000 jobs. EPI said Michigan was the hardest-hit of all U.S. states.
The Huffington Post
March 10, 2016