These politicians are focused on protecting their wealthy donors, who pay less into Social Security than ever. The Economic Policy Institute (EPI) recently found that as inequality increases, a record share of all earnings are above the $160,200 cap on Social Security contributions.
Daily Montanan
November 9, 2023
According to the Economic Policy Institute reveals in Tennessee, more than 60% of corporations do not pay corporate income taxes.
WZTV
November 9, 2023
According to the report, much of the issue lies with the accessibility and affordability of childcare. The average cost of infant care for one child is 14% of Utah’s median family income, which is double the standard set by the U.S. Department of Health and Human Services. According to the Economic Policy Institute, this indicates only 12% of Utah families can afford infant care.
Utah Public Radio
November 9, 2023
Non-union companies raise wages to hew close to union pay in order to stay competitive and defend against organizing efforts in their own houses. Nonunion workers with high school diplomas earn 2% to 5% more if they work in industries with at least 25% unionization, according to the Economic Policy Institute.
Minnesota Reformer
November 9, 2023
Bureau of Labor Statistics data shows that in 2022, 17.7% of workers in motor vehicles and motor vehicle equipment manufacturing were Black, and Black workers make up 19% of the Southern automaking region, an Economic Policy Institute’s analysis of 2016-2020 BLS data showed.
States Newsroom
November 9, 2023
The share of low-wage workers with paid sick leave has surged since 2010 but remains low, according to a new report from the left-leaning Economic Policy Institute.
Why it matters: Lack of sick leave forces workers to choose between making money or prioritizing their health. Often, especially for the lowest-paid, it’s not much of a choice.
Axios
November 9, 2023
“There’s some seasonality to it,” said Elise Gould, senior economist at the Economic Policy Institute. “People picking up jobs during the holidays, things like that.”
She and other analysts said the upward trend in multiple jobs shows the nation returning to seasonal employment patterns, a cycle disrupted by the pandemic.
USA Today
November 9, 2023
Southern politicians tout the region’s “business friendly” economic development policies but a new study finds those policies are rooted in racism and have failed most people who live in the region.
The October study is from Washington D.C.-based Economic Policy Institute (EPI), a nonpartisan think tank focused on “the needs of low-and-middle-income workers in economic policy discussions.” The study looks at job growth, wages, poverty, and state GDP. The data, EPI said, “show a grim reality.”
Memphis Flyer
November 9, 2023
The pay penalty between teachers and comparable college graduates has been getting worse over the last several years, per an analysis from Sylvia Allegretto, a senior economist at the Center for Economic and Policy Research and a research associate at the Economic Policy Institute.
Business Insider
November 6, 2023
The decline in labor bargaining strength is mainly due to weak federal labor law, which makes it difficult to form a union or bargain collectively. The loss of worker power has, over the last 40 years, led to distorted results where CEO compensation has shot up 1,209% while a typical worker’s compensation increased only 15.3%, according to the Economic Policy Institute.
The Messenger
November 6, 2023