The changes in the bill would allow employers that offer a retirement plan to also offer a separate emergency savings plan.
“They’d be little savings accounts that are capped at $2,500,” said Monique Morrissey at the Economic Policy Institute.
Marketplace
December 23, 2022
A new report from the left-leaning Economic Policy Institute looks at wage growth in 2021, using annual earnings from the Social Security Administration. They found that the top 1% saw average real wages grow 9.4% from 2020 to 2021, while the bottom 90% saw wages decline ever so slightly by 0.2%.
Business Insider
December 23, 2022
The bill would close a loophole in the 2010 Break Time for Nursing Mothers Law, which mostly only covers hourly workers and excludes most salaried occupations, per the Economic Policy Institute.
Jezebel
December 23, 2022
As a recent study by the Economic Policy Institute outlines, without increased domestic production of electric vehicle batteries and other power train components, the large-scale introduction of electric vehicles could result in the loss of over two hundred fifty thousand jobs in automobile assembly and parts production.
Jacobin
December 23, 2022
But even as it gained cachet among this emerging class of centrist-minded visionaries, the third way drew skeptical appraisals from detractors both left and right, who justly assailed its ambiguity and lack of substance. The Economist derisively stated in 1998, “Trying to pin down an exact meaning is like wrestling an inflatable man. If you get a grip on one limb, all the hot air rushes to another.” Jeff Faux of the Economic Policy Institute likewise noted that while “Clinton and Blair are two of the most articulate politicians of the age…their definitions of the third way leave the observer without a clue as to what it means.”
The Nation
December 16, 2022
“Inflation can normalize without taking a hammer to the head of the economy,” Josh Bivens, research director at the Economic Policy Institute, said Tuesday.
Common Dreams
December 16, 2022
Unions can barely keep themselves afloat, much less fund extensive advocacy outside their core functions. The Economic Policy Institute, long the most influential union-aligned think tank in the US, took only 14 percent of its funding from unions in 2021.
VOX
December 16, 2022
Smaller grants were given to organizations that could be expected to produce content that supports NEA’s agenda. These included the Economic Policy Institute ($200,000), the Independent Media Institute ($50,000), The American Prospect ($25,000) and the Network for Public Education Fund ($25,000).
The 74
December 16, 2022
In a study of teachers’ salaries, Sylvia Allegretto, a research associate at the Economic Policy Institute, found a growing gap between the pay of all college graduates and teacher salaries from 1979 to 2021, with a sharp increase in the differential since 2010. In 1979, the average teacher weekly salary (in 2021 dollars) was $1,052, 22.9 percent less than other college graduates’, at $1,364. By 2010, teachers made $1,352 and other graduates made $1,811. By 2021, teachers made $1,348, 32.9 percent less than what other graduates made, at $2,009.
The New York Times
December 16, 2022
The Economic Policy Institute released a report on how the pandemic has exacerbated a long-standing national shortage of teachers.
It acknowledges that there’s always been a pre-existing shortage of teachers. It is especially severe in schools with high shares of students of color or students from low-income families.
The reports said a shortage is not a function of an inadequate number of qualified teachers in the U.S. economy. Simply, there are too few qualified teachers willing to work at current compensation levels given the increasingly stressful environment.
To end the teacher shortage, the institute said state leaders must address the two most pressing reasons for the shortage: the long-standing decline in the pay of teachers relative to other workers with a college degree and the high and increasing levels of stress public school teachers face.
WISH-TV
December 16, 2022
The Economic Policy Institute (EPI), which advocates for the needs of low- and middle-income workers, found in a non-peer-reviewed study that the relative pay gap nationwide has increased over the last 25 years between teachers and their similarly educated peers to about 14%, including benefits.
ABC 30
December 16, 2022
As the Director of Research of the Economic Policy Institute Josh Biven has stated, “…Inflation is largely a global, geopolitical phenomenon that is just not under the Biden administration’s control…”
Foundation for Economic Education
December 16, 2022
NEW YORK — Workers earning minimum wage in more than two dozen states can expect a raise in 2023. According to the Economic Policy Institute, the following states and Washington, D.C. are set to raise their minimum wage at various points through the new year.
ABC 7
December 16, 2022
Fewer options for parents have also led to higher costs in most areas, though prices vary wildly state to state. For example, while the average annual price of a full-time child care center for a toddler costs more than $24,000 in Washington, DC, it comes out to roughly $6,800 in Arkansas, according to a calculator made by the nonprofit Economic Policy Institute. States like California and New York have some of the least affordable child care options, costing nearly half the median income for a single-parent family, according to a 2021 report from Child Care Aware of America. The same data reveals that in most regions of the US, annual child care costs for an infant are more expensive than housing, and usually exceed the cost of in-state public tuition at a four-year college.
CNET
December 16, 2022
Recent research suggests the pandemic has indeed worsened pre-existing teacher shortages nationwide, according to the Economic Policy Institute. A report released Dec. 6 by the left-leaning think tank points to stressful working conditions and low pay as reasons why there’s a lack of qualified teachers willing to work.
K-12 Dive
December 16, 2022
The closer a worker is to the government — and the older they are — the more likely they are to be unionized. About a third of public employees are unionized versus around 6 percent of private sector employees — about half of all employees covered under a union contract are in the public sector, while 16 percent are in manufacturing and 15 percent are in transportation or utilities, according to Economic Policy Institute (EPI) data.
Grid News
December 16, 2022
Wages are one of the biggest issues in the US. The data from Economic Policy Institute shows that while productivity has grown by 62.5% in the US during 1979-2021, wages in comparison have only grown by 16%. This linear growth in wages relative to exponential productivity growth can be explained in part by the fact that the percentage of unions has halved in the country in the past 40 years, as noted by the Bureau of Labor Statistics.
Insider Monkey
December 16, 2022
While everyone defines “rich” differently, being part of “the 1%” has become synonymous with being wealthy in the U.S. The top 1% of earners in the U.S. earned median annual wages of $823,763 in 2020, according to the Economic Policy Institute.
CNBC
December 16, 2022
Last year 94 per cent of US employers polled by Just Capital, a non-profit US research organisation, said their organisation had committed to greater workplace diversity, equity and inclusion. While this was happening, the average CEO in the top 350 US public companies by revenue earned 399 times more than a median employee, according to the Economic Policy Institute, whose calculations include estimates of the worth of granted shares when cashed in.
Financial Times
December 16, 2022
But the reduction in supply was met with increased demand as Americans started purchasing durable goods to replace the services they used prior to the pandemic, said Josh Bivens, director of research at the Economic Policy Institute. “The pandemic put distortions on both the demand and supply side of the US economy,” Bivens said.
CNET
December 16, 2022
According to the Economic Policy Institute, workers in 21 states got a raise on New Year’s Day in 2022. Minimum wage increases ranged from $0.22 to $1.50 an hour, adding between $458 and $3,120 to the annual earnings of full-time minimum wage workers.
GoBanking Rates
December 16, 2022
Teachers are also working under a “pay penalty,” an economic concept meaning they earn lower weekly wages and receive lower overall compensation for their work than similar college-educated peers, according to the Economic Policy Institute. That penalty reached a record high in 2021, with teachers earning 76.5 cents on the dollar compared with their peers.
Education Week
December 16, 2022
“If unions are able to negotiate higher pay and better working conditions, you know, employers are gonna have to compete with each other to have those same standards in order to attract workers. So even if you are not a unionized worker, the funding of the NLRB still matters,” said Margaret Poydock, a policy analyst at the Economic Policy Institute.
Marketplace
December 16, 2022
Economic Policy Institute economist Monique Morrissey said she doesn’t doubt that the Biden buyout is the largest of its kind. But she said it is far less than the annual cost of tax benefits given to 401(k)-style retirement plans that generally benefit higher-income taxpayers.
Politifact
December 16, 2022
“Inflation can normalize without taking a hammer to the head of the economy,” Josh Bivens, research director at the Economic Policy Institute, said Tuesday.
Common Dreams
December 16, 2022
But industries that use the most H-2B visas have high incidences of wage theft and other labor violations, said Daniel Costa at the Economic Policy Institute. “There’s just really a lack of protections from retaliation when things go wrong on the job, which also includes not being able to change jobs,” said Costa.
Marketplace
December 16, 2022
Over the last 50 years, income inequality in America has grown substantially. According to the Economic Policy Institute (EPI), the growth in income from 1945 to 1973 was widely shared among the various income classes in the country. However, beginning in 1973 — notably, the year the United States fell into a 16-month recession, the longest at the time since the Great Depression — this trend of broad income growth reversed. From 1973 to 2007, more than half of all income growth was concentrated among the top 1% of families in the United States. Indeed, income inequality in America has now reached levels not seen since its historical peak in 1928, a time when the unregulated stock market fueled enormous gaps in income classes amid the so-called Roaring Twenties.
Forbes
December 16, 2022
But even as it gained cachet among this emerging class of centrist-minded visionaries, the third way drew skeptical appraisals from detractors both left and right, who justly assailed its ambiguity and lack of substance. The Economist derisively stated in 1998, “Trying to pin down an exact meaning is like wrestling an inflatable man. If you get a grip on one limb, all the hot air rushes to another.” Jeff Faux of the Economic Policy Institute likewise noted that while “Clinton and Blair are two of the most articulate politicians of the age…their definitions of the third way leave the observer without a clue as to what it means.”
The Nation
December 16, 2022
Unions can barely keep themselves afloat, much less fund extensive advocacy outside their core functions. The Economic Policy Institute, long the most influential union-aligned think tank in the US, took only 14 percent of its funding from unions in 2021.
VOX
December 16, 2022