WP’s Danielle Paquette: “Pay disparities between men and women start earlier in their careers than frequently assumed and have significantly widened for young workers in the past year, according to a report from the Economic Policy Institute. Paychecks for young female college graduates are about 79 percent as large as those of their male peers, the think tank found—a serious drop from 84 percent last year.
Politico
April 29, 2016
The results could be eye-popping, based on figures produced for Variety by two firms that track executive and worker pay. The ratio of CEO to median worker pay stood at 20-to-1 in 1965, and had ballooned to more than 300-to-1 by 2014, according to the labor-affiliated Economic Policy Institute. But the prominent companies measured by compensation research firms PayScale and Equilar are paying the boss much, much more than the average worker. Some of the ratios of CEO-to-worker pay are as high as 900-to-1.
Variety
April 28, 2016
American women who are about to graduate from college might want to keep this sobering fact in mind: When they enter the workforce, they’re likely to make a lot less money than the guys sitting next to them at graduation, according to a new Economic Policy Institute study.
U.S. News & World Report
April 28, 2016
Manufacturing is a major industry in Indiana, which holds its primary next week. A 2015 report by the Economic Policy Institute found that manufacturing makes up a larger share of Indiana’s total employment than in any other state.
The Hill
April 28, 2016
Furthermore, the argument that all-white male candidate pools are due to skills shortages among people of color and women also doesn’t hold up. In 2014, 29.9% of men and 30.2% of women had graduated college, according to the US census bureau. A new report published by the Economic Policy Institute also found that recent young black college graduates aged 20 t0 24 “currently have an unemployment rate of 9.4% – higher than the peak unemployment rate for young white college during the recession”, which was 9%.
The Guardian
April 28, 2016
But a new study out Tuesday argues that the gulf forms well before that. At the earliest stages of their careers, female workers with a college degree in the US earn an average hourly wage of $16.58, according to data compiled by the Economic Policy Institute (EPI), a left-leaning Washington think tank. Young men with a college degree, meanwhile, earn an average of $20.94 an hour – $4.36 more than their female counterparts. That shakes out to a $9,000 annual pay gap.
Christian Science Monitor
April 28, 2016
Of course, millions of women in this country aren’t in this fortunate position, and that’s why I’m writing this. Across 33 states and Washington, D.C., the cost of full-time infant care for one child is more than in-state tuition at a four-year public college. For families with two children, child care costs range from about half as much as rent in San Francisco to nearly three times rent in Binghamton, New York, according to a 2015 report by the Economic Policy Institute. Tax credits and subsidies exist for working families, but they are paltry compared to what you need to pay to have someone watch your child while you commit to a career.
Good Housekeeping
April 28, 2016
If we take social turbulence and relative deprivation as indicators of despair, the economic experience of women during the Great Recession may lend some clues. The Economic Policy Institute notes that, while men lost far more jobs than women during the 2008 global financial meltdown, they also enjoyed significantly more economic gains; while women added 3.6 million jobs between February 2010 and the June 2014, men gained 5.5 million. While women made up more than half the workforce in 2011, their jobs continue to be marred by the injustice of gender equity. Women are also paid less than their male co-workers, and are so often squeezed out of the maternity leave the rest of the advanced world enjoys.
Pacific Standard
April 28, 2016
One report estimates that nearly half of black or Hispanic workers or single mothers could see their pay newly increase thanks to the rule change. If your employer doesn’t like it, they can either raise your pay over $50K, or stop asking you to work extremely long hours without overtime pay. Naturally, places that are used to having employees work long hours without paying overtime are worried. Colleges and universities are worried.
Gawker
April 26, 2016
This trend of being an underemployed millennial is also not unique to New York. A recent report released by the left-leaning Economic Policy Institute found that for recent college graduates, aged between 21 and 24 years old, the underemployment rate was 12.6%, compared to 26.8% in 2007. “A third of young high school graduates are underemployed and one in eight young college graduates is underemployment. Those are improvements from last year, but nowhere near the economy of 2000,” Teresa Kroeger, one of the authors of the EPI report’s authors, told the Guardian. The economy of 2000, by some standards, is when the economy has been at its best in the recent history.
The Guardian
April 26, 2016