According to Republic, the average Marshfield driver earned $80,000 last year (considered a local living wage for a family with one adult and one child per the Economic Policy Institute), received a “highly competitive, industry-standard healthcare plan” and had a 401(k) with company matching. In contrast, per Republic, moving to a Teamsters health plan that was free for employees would double the company’s costs. Switching to an underfunded regional Teamsters pension plan is also described as more risky, given its critical status.
From the Economic Policy Institute: “From 2017 to 2018, relatively fast growth continued at the top…but the 20th and 30th percentiles saw the strongest growth at 4.8 percent and 3.7 percent, respectively.”
Workers’ share of corporate income has plummeted dismally in the past 25 years, according to the Economic Policy Institute, a nonprofit, nonpartisan think tank dedicated to economic policy discussions. The Great Recession, from 2007 through 2012, put significant downward pressure on pay.
Uber has rapidly expanded into 700 cities across the world in large part by relying on a business model that preys on drivers, who do not receive basic labor protections and benefits like overtime pay, worker’s compensation, and health insurance. According to a 2018 study by the Economic Policy Institute, Uber drivers earn $9.21 an hour after accounting for the costs of gas, car maintenance and other expenses. That’s below the minimum wage in 13 of its 20 biggest urban markets in the United States.
In the current political environment, it can be hard to separate the wheat from the chaff when it comes to trade deficits, job losses and China. To help cut through all the noise, the Economic Policy Institute conducted an extensive study of U.S.-China trade data to determine the net amount of job losses across America. Data from the U.S. International Trade Commission DataWeb was conformed to Bureau of Labor Statistics industry classifications to determine the results, which were further parsed by state and by Congressional district.
Robert E. Scott of the pro-labor Economic Policy Institute found that about 851,700 U.S. jobs were displaced by the U.S. trade deficit with Mexico between 1993 (shortly before NAFTA was implemented) and 2014. That’s a data point that was cited by Sanders during his 2016 campaign, when he frequently decried job losses due to NAFTA. (Other studies, however, have found the job losses to be far less.)
According to the Economic Policy Institute, Americans between the ages of 56 and 61 have an average of only $17,000 in retirement savings. This number is supported by the Life Insurance and Market Research Association (LIMRA) which estimates the average American household has just $17,500 in savings.
Between 2013 and 2015, nearly three million Michigan workers were shortchanged an estimated $429 million in wages and overtime pay because of payroll fraud, according to an analysis by the Economic Policy Institute, a non-partisan think tank based in Washington, D.C., which conducts research and analysis on the economic status of low- and middle-income workers.
EPI SAYS TRUMP NLRB ‘FAVORS EMPLOYERS:’ A new report out today from the left-leaning Economic Policy Institute analyzes the policy moves and rulemakings from the National Labor Relations Board under the Trump administration. “In the two years that Republicans have held the majority on the board, they have overturned NLRB precedent in more than a dozen cases,” the report says.
RICHMOND, Va. – Although the United States economy seems like it’s booming and unemployment is at a low, millions of Americans are one missed paycheck away from poverty. According to the Economic Policy Institute, six in ten Americans will experience a year in poverty. Financial Advisor, JB Bryan is here with information on how to overcome poverty and what it means to live in poverty today. JB Bryan holds FREE financial workshops and webinars each Wednesday evening and on Sundays. Registration is required. To register, or for more information, visit www.JBBRYAN.com
It costs a pretty penny for residents to live comfortably in Sussex County, according to the Economic Policy Institute. The organization’s family budget calculator estimates how costly it is to live in each of America’s 3,142 counties and 611 metro areas.
The University of North Carolina system reported a 30 percent decrease in enrollment in education programs from 2010-2016. It is not difficult to understand why. According to the Economic Policy Institute, teachers graduating from education programs in North Carolina can expect to earn 35 percent less than the average college graduate. Let that sink in. While many who go into teaching think of it as a calling, rather than just a job, they still need to pay their mortgages and buy groceries.
There are 60,000 fewer public education jobs than there were before the recession began in 2007, according to an analysis of the latest Bureau of Labor Statistics jobs report by the think tank Economic Policy Institute. States and districts haven’t moved on from the austerity measures imposed by most states more than a decade ago when the recession hit. “If we include the number of jobs that should have been created just to keep up with growing student enrollment,” the EPI report states, “we are currently experiencing a 307,000 job shortfall in public education.”
In Alabama, childcare costs an average of $6,000 per year ($500 per month) for an infant, according to the Economic Policy Institute. That’s 12 percent of the median household income in Alabama, of $49,861.
Disproportionately low levels of Black equity are also impacted by low savings’ rates among African American homeowners. According to the Economic Policy Institute, “The typical black family with a head of household working full time has less wealth than the typical white family whose head of household is unemployed.” This staggering disparity means that most Black households simply scramble to remain afloat. Savings (much less investment in stocks, bonds, and other high risk market investments) are often difficult to accumulate when folks are one paycheck away from eviction, foreclosure, and potential homelessness.
According to a 2017 report from the Economic Policy Institute that looked at the 10 most populous U.S. states, workers suffering minimum wage violations are underpaid $64 per week on average. That’s nearly one-quarter of their weekly earnings.
And Hunter Blair, a budget analyst at the Economic Policy Institute, noted that “households also face state income taxes, sales taxes, excise taxes, and property taxes. And ITEP has shown that state and local tax systems are regressive.”
“For the first time we see really robust agendas in labor and employment policy that are about unions and also about really high labor standards,” said Lawrence Mishel, the former president of the Economic Policy Institute, a liberal think tank. “Politicians have been willing to say some of this stuff, but they haven’t been public about it.”
It costs a pretty penny for residents to live comfortably in Morris County, according to the Economic Policy Institute. The organization’s family budget calculator estimates how costly it is to live in each of America’s 3,142 counties and 611 metro areas.
Thirty years ago, requiring an employee to settle disputes in arbitration was incredibly rare, with less than 2% of the private-sector workforce under the agreements in 1992. But more than half of nonunion, private-sector workers have to sign the agreements now in order to get or keep a job, according to Heidi Shierholz, senior economist at the Economic Policy Institute.
“It is very common in low-wage workplaces, and it is also more common in industries that are disproportionately composed of women and African American workers,” Shierholz said.
The study uses data from the Bureau of Labor Statistics analyzed by the liberal think-tank Economic Policy Institute. Educator jobs include mostly K-12 public school teachers, but also administrators, guidance counselors, and paraeducator.