The median household income for 2023 was $80,610, according to the U.S. Census Bureau. But county-by-county cost-of-living estimates developed by the organization I run, Living Wage For Us, in partnership with the Economic Policy Institute, show that 92 percent of Americans reside in a place where $80,610 a year for a family of four is not enough to make ends meet.
Newsweek
October 15, 2024
Finally, the mother of all these myths is that historically Republicans have been better economic managers of the nation’s affairs than Democrats. A recent study by the Economic Policy Institute shows that this one finds no support in the historical record.
Democratic administrations since WWII have seen job growth of 2.5%, compared to only 1.1% for their Republican rivals. Other measures like GDP show a similar gap.
Pittsburgh Post Gazette
October 15, 2024
Child care deserts exist across 70% of rural Wisconsin, according to a 2021 report from the Wisconsin Early Childhood Association. The Economic Policy Institute found that a typical family in Wisconsin would have to spend a third of its income on child care for an infant and a 4-year-old.
Civic Media
October 15, 2024
The effects of this shift are not evenly distributed across the population. Certain groups, particularly Black and Hispanic workers, have faced disproportionate impacts from globalization and manufacturing declines, a report from the Economic Policy Institute revealed.
Forbes
October 15, 2024
About 36% of the state’s workforce is earning less than $17 an hour, according to data from the Economic Policy Institute.
The Oklahoman
October 15, 2024
Amid the ongoing debate on immigration, a new report showed how much immigrants boost Virginia’s economy.
The report, “Immigrants Are a Vital Part of Virginia’s Future,” revealed immigrants contribute more than $100 billion to the state’s economy and are essential to critical industries such as health care, technology and hospitality.
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The Immigration Research Initiative and Economic Policy Institute also contributed to the report. The findings come as immigration policies remain a hot-button issue, with critics expressing concerns over job competition and resource allocation.
Public News Service
October 15, 2024
The Economic Policy Institute (EPI), an independent, nonprofit think tank which researches the effects of economic trends and policies on U.S. working people, released a startling report on September 19, 2024. That report disclosed facts which document that, for the 45 years ending in 2023, the CEOs of large U.S. corporations, have amassed staggering amounts of power and wealth, apparently by stiffing the remainder of the American workforce.
Arizona Daily Star
October 15, 2024
Gould emphasized that the prime-age employment-to-population ratio is at a 23-year high, which shows a strong economy. Despite wage growth reaching 4%, she downplayed concerns that this could lead to inflation and mentioned improvements in productivity and a low labor share of corporate income.
She expressed confidence in the labor market’s strength and suggested that it may influence the Fed’s decisions on interest rates. She also believes that the Fed should normalize rates, which remain high historically given current employment levels.
Gould observed that the overall labor market is strong, but not excessively heated, as shown by softer job turnover rates.
Insider Monkey
October 15, 2024
One of the aspects of inflation that economists haven’t found consensus on is the idea that “corporate greed” drove inflation. The left-leaning nonprofit Economic Policy Institute reports a spike in corporate profits “contributed significantly to inflation” early in the pandemic recovery.
Wisconsin Public Radio
October 15, 2024