Media clips
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That gap grew significantly as the economy recovered in the four years after the Great Recession, according to a report from the Economic Policy Institute, which said the highest earning taxpayers captured an “alarming share of the economic growth” over that time. Between 2009 and 2012 in New Jersey, the top 1 percent had a 26.4 percent boost in pay while the remaining 99 percent saw their income increase 1.4 percent. Although the percentages varied from state to state, the report shows a “rapid growth” of the 1 percent in those years.
NJ.com February 17, 2016 -
To help us, The Fix caught up with Richard Rothstein, a research associate at the left-leaning Economic Policy Institute. Rothstein and his colleague, Leila Morsy, a lecturer at the University of New South Wales in New Zealand, released a report in June that really should sit on some kind of recommended national reading list. The report compressed down decades of research on the short- and long-term effects of lead exposure. And there is really only way to summarize it: The truth is both alarming and extremely revealing. This is not joyful reading, folks. But it is important.
The Washington Post February 16, 2016 -
In Friedrichs vs. California Teachers Assn., many court watchers had expected Scalia to deliver the deciding vote against unions, limiting their ability to collect membership dues and other fees. Without Scalia, a 4-4 split is considered likely. That would maintain the status quo — a huge win for unions, at least for now. Though union opponents could mount a new case, that would probably take at least another year, said Jeffrey H. Keefe, a research associate at the liberal-leaning Economic Policy Institute. “So the conflict shifts to President Obama’s ability to appoint a replacement or who will win the presidential election,” Keefe said.
Los Angeles Times February 16, 2016 -
The left-leaning Economic Policy Institute last year found that 51.3% of black and 36.1% Hispanic high school graduates, age 17 to 20, were underemployed. That means they either don’t have a job, aren’t working as many hours as they would like or aren’t currently looking for work but would like a job.
CNN February 16, 2016 -
While the U.S. labor market showed healthy gains in 2015, jobs didn’t sprout equally across states, while among Americans some groups benefited more than others from the decline in unemployment. In the final quarter of 2015, the lowest unemployment rate for African-Americans, 6.7 percent in Virginia, was equal to the highest white unemployment rate (6.7 percent in West Virginia), according to an analysis from the Economic Policy Institute (EPI).
CBS Moneywatch February 16, 2016 -
The Economic policy Institute Class of 2015 reports that for college graduates, the unemployment rate has risen from 5.5 percent in 2007 to 7.2 percent. The underemployment rate went from 9.6 percent to 14.9 percent.
Al Jazeera America February 16, 2016 -
A 2014 survey from the Pew Institute found that the median college-educated person made $17,500 more than those with a high school diploma. In 1965, the difference was closer to $7,500, and in 1986 it was $14,245. (Numbers adjusted for inflation and expressed in 2012 dollars.) Making matters even more depressing, wages in the U.S. have been more or less stagnant since 1979, according to a study from the left-leaning Economic Policy Institute. “I think that’s the preeminent issue of our time,” said EPI President Larry Mishel.
Fortune February 16, 2016 -
Union membership comes with a wage increase of more than 13 percent—and those bargaining table bumps can be good for entire communities. When union members win a raise, they’re more likely to be able to go see a movie at the local theater or grab a bite to eat at the neighborhood diner, even buy a new car or house. That consumer spending helps drive our economy. And as union membership has declined, non-union workers have been hurt, too—because their employers no longer feel pressured to raise salaries to the standard set by collective bargaining.
Medium February 16, 2016 -
Later in the debate, Sanders repeated this figure and said African American “youth unemployment [is] at 51 percent.” Sanders’s statistics refer to high school graduates between 17 and 20 years old who are not enrolled in additional schooling. He is citing research from the left-leaning Economic Policy Institute. The report looks at employment status for high school graduates who are unemployed, working part-time and “marginally attached to the labor force” (meaning “those who want a job and have looked for work in the last year but have given up actively seeking work in the last four weeks”). It uses the broadest measure of underemployment, called the U-6 measure of labor underutilization. This report is different from the official unemployment rate published by the Bureau of Labor Statistics, which does not break out data for 17- to 20-year-olds.
The Washington Post February 12, 2016 -
From 1992 to 2014, compensation per executive in the limited-deductibility categories rose more rapidly—by about 650 percent, to $8.2 million from $1.1 million — than compensation in categories such as stock options and incentive pay that aren’t subject to deductibility limits. The latter rose by about 350 percent, to $4.4 million from $970,000. “That’s powerful,” Steven Balsam, a leading academic expert on executive compensation practices, said when told what our study showed. Balsam is a professor at Temple University’s Fox School of Business who published a 2012 study on the deduction cap for the Economic Policy Institute. “At best, 162(m) has had a marginal effect,” he said. “It hasn’t had a major impact.”
The Washington Post February 12, 2016