(paywall) … the American Rescue Plan Act—that led to a rapidly growing economy and very strong demand for workers, said a report from the Economic Policy Institute.
MarketWatch
March 31, 2023
According to the Economic Policy Institute, New York is the most unequal state in the country, where the richest 1% take home 31% of all income. (Nationwide, the richest 1% take home 21% of all income.) Rather than directly addressing the need for stable housing, incomes, and health care, we’ve seen these basic services replaced by ever more intensive and invasive policing: stop-and-frisk, quotas, abusive anti-crime units, homeless sweeps and the broad criminalization of young people of color.
City and State New York
March 31, 2023
As a recent analysis from the Economic Policy Institute (EPI) reveals, the much-publicized Youth Hiring Act of 2023 is just the tip of the iceberg when it comes to the weakening of child labor standards. Over the past two years, some ten states have either introduced or passed legislation in this vein, with eight of such bills appearing in the past few months alone.
Jacobin
March 31, 2023
The data come from Ben Zipperer, an economist at the Economic Policy Institute who runs the tracker “How many low-wage workers are in the U.S.?” Before the pandemic, fast-food workers, home health aides, janitors and other low-wage workers saw modest pay increases largely due to 30 states raising their state minimum wages above the $7.25-an-hour federal requirement, Zipperer says.
Washington Post
March 31, 2023
According to a report last year from the Economic Policy Institute, the average weekly wages of U.S. public school teachers increased $29 from 1996 to 2021. The weekly wages of other college graduates rose by $445 in the same period. What the report calls “the teacher weekly wage penalty” is greater than 20% in 28 states (in Maine, it’s 24%), where teachers are paid less than 80 cents on the dollar compared to similar college-educated workers in those states.
Central Maine
March 31, 2023
Workers in the 10th percentile, that is those making less than 90% of everyone else, saw real wages (or those adjusted for inflation) grow 9% between 2019 and 2022, according to a recent report by the Economic Policy Institute. They earned $12.57 per hour in 2022, or $26,145 annually. It’s the biggest hike they’ve seen in decades as measured by business cycles, which are periods of economic growth followed by a contraction and possible recession.
CNBC
March 31, 2023
That roughly 2-to-1 relationship between Black and white unemployment has held true for a long time, according to Elise Gould, a senior economist at the Economic Policy Institute. The gap is especially harmful during times of crisis — when Black workers routinely face unemployment rates upwards of 15 percent — but it also means that Black and other marginalized workers can see their unemployment rates drop faster than white workers.
FiveThirtyEight
March 31, 2023
Over the course of 2019 through 2022, the 10th percentile real hourly wage, which represents the lowest-earning workers, grew 9%. This jump can be attributed to policies passed in response to the COVID-19 pandemic as well as the tightening labor market from low unemployment, giving workers increased leverage over their employers, according to research from the Economic Policy Institute released on Thursday.
The Washington Examiner
March 24, 2023
Cites EPI research on corporate profits.
Breaking Points
March 24, 2023