Instead, other analysts say that families earning less than $48,000, which is about twice the federal poverty line for a family of four, typically have no discretionary income. The Economic Policy Institute, for example, estimates the minimal family budget for a family of four “to secure an adequate but modest living standard” is at a least $49,000, but in high-cost cities such as Washington, D.C. can exceed $100,000.)
Time
November 18, 2015
The implicit argument behind FWD.us is that the U.S. doesn’t have enough high-skilled domestic workers to meet tech companies’ needs. This is a myth, and Zuckerberg and FWD.us are just the latest tech players to promote it. In fact there is no shortage of domestic IT workers, as shown in a new study from the Economic Policy Institute. While there is an unusually low unemployment rate among American tech workers (3%), they haven’t enjoyed the large salary increases that would signal a shortage.
Gawker
November 18, 2015
The cost of child care for a 4-year old currently consumes more than half of a minimum-wage earning parent’s budget in 20 states; and 30 percent or more in every other state. And infant care costs more than half of a minimum-wage-earning parent’s income in 37 states. More than one in four working mothers and 40 percent of all single mothers would benefit from an increase in the minimum wage, according to the Economic Policy Institute.
CNBC
November 18, 2015
At large public companies, boards of directors are usually in charge of how and what to pay their CEOs. It’s an expensive decision. Among the 350 top firms (by sales) in the United States, the average CEO compensation package added up to $15.2 million in 2013, according to the Economic Policy Institute. That compensation includes a vast array of factors, such as salary, bonuses, stock options, and long-term incentive payouts.
Forbes
November 18, 2015
See excerpt: The rise of Uber has convinced many pundits, economists, and policymakers that freelancing via digital platforms is becoming increasingly important to Americans’ livelihood. It has also promoted the idea that new technology—particularly the explosion of platforms enabling the gig economy—will fundamentally alter the future of work. While Uber and other new companies in the gig economy receive a lot of attention, a look at Uber’s own data about its drivers’ schedules and pay reveals them to be much less consequential than most people assume. In fact, dwelling on these companies too much distracts from the central features of work in America that should be prominent in the public discussion: a disappointingly low minimum wage, lax overtime rules, weak collective-bargaining rights, and excessive unemployment, to name a few. When it comes to the future of work, these are the aspects of the labor market that deserve the most attention.
The Atlantic
November 16, 2015
On Wednesday, Sen. Elizabeth Warren (D-Mass.) will join the Economic Policy Institute to discuss a report about women in the workforce who are being paid less than men despite obtaining more education.
The Hill
November 16, 2015
But Ross Eisenbrey, vice president of the left-leaning Economic Policy Institute, told the Post that the letter implied that “things are changing much faster than they are, and that therefore the legal models that we have shouldn’t be applied … I think that something like this could be misused.” The Wall Street Journal, the conservative American Enterprise Institute, and EPI President Larry Mishel have all warned that concrete evidence of a large-scale U.S. shift from salaried employment to independent contracting has yet to emerge.
Politico
November 16, 2015
In the US, there were roughly 2 million workers in in-home occupations in 2012, according to the Economic Policy Institute (EPI). About 93% of the workers were women and more than 33% were immigrants.
The Guardian
November 16, 2015
A two-parent, two-child family in the Sioux City metro area will spend 19.7 percent of their yearly living expenses on child care — more than they will spend on housing, health care, food or transportation, according to a report released last month by the Economic Policy Institute (EPI).
Sioux City Journal
November 16, 2015
Comparing American students to high-flying students in South Korea or Finland is pointless, a new study by the Washington, D.C.-based Economic Policy Institute argues. Education reformers have long noted that American students do poorly on PISA tests, administered to 15-year-olds in nearly 60 economically advanced countries by the Organization for Economic Cooperation and Development.
Deseret News
November 16, 2015