In some cases, married couples have advantages that simply don’t exist for single individuals, such as with income taxes.
“It used to be that the tax brackets were structured in such a way that if two people were earning money and then they combine their incomes, they would pay more taxes after they were married,” Monique Morrissey, senior economist at the Economic Policy Institute, tells CNBC.
She’s alluding to what’s known commonly as the marriage tax penalty or bonus.
CNBC
November 3, 2023
“I don’t think anybody can be taken really seriously if they say that they want to extend those tax cuts, add more on top of them, and also somehow say that they care about the deficit,” said Samantha Sanders, director of government affairs and advocacy at the left-leaning Economic Policy Institute.
The Washington Post
November 3, 2023
That history demonstrates that today’s advances in automation and AI will not inevitably lead to mass unemployment, as some predict. But some industries, and some people, are always affected more than others. One thing that remains constant is the power dynamics involved in these transitions: Who is driving them? Who benefits? Who loses?
Stanford Social Innovation Review
November 3, 2023
According to the Economic Policy Institute, the unemployment rate for Black Californians stands at 7.4%, which is higher than the 4.5% unemployment rate for all racial groups in the state for Q2 2023. This is also higher than the national rate of 5.8%.
Sacramento Observer
November 2, 2023
Since the 1970s, the nation’s wealth and income gap has widened dramatically. Between 1978 and 2019, the richest 0.1 percent of Americans increased their earnings by 341 percent in inflation-adjusted dollars, while the earnings of the typical worker grew only 18 percent, according to the Economic Policy Institute.
Talking Points Memo
November 2, 2023
According to Pew Research and the Economic Policy Institute, wages have grown so slowly since Ramsey first entered the labor market that the average worker’s purchasing power hasn’t measurably budged in the ensuing four decades.
GO Banking Rates
November 2, 2023
The takeoff in earnings at both full-service and limited-service restaurants beginning in 2014 seems to have had an obvious cause — minimum wage increases in 30 states since then, according to the Economic Policy Institute, plus 48 localities adopting minimum wages higher than their state’s. Restaurants are more likely than employers in other industries to pay minimum wages, so such legislation affects them disproportionately.
Bloomberg
November 2, 2023
Research by the Economic Policy Institute found on average – teachers made 26.4% less than other similarly educated professionals last year.
FOX 35 Orlando
November 2, 2023
As a way of looking at how wage stagnation is impacting consumers, KHON2.com took a look at the Economic Policy Institute‘s data on wages since 1948.
According to the EPI, workers’ wages between 1948 and 1973 rose 91.3% as worker productivity increased by 96.7% through those years. However, since 1974, workers’ wages only increased 108.9% while worker productivity has increased by 243.1%.
KHON2 Hawaii
November 2, 2023