A two-parent, two-child family in the Las Vegas metropolitan area would need to bring in $81,813 a year ($6,818 per month) to sustain a “modest yet adequate standard of living,” according to an updated analysis by the Economic Policy Institute.
The Nevada Current
March 18, 2022
According to the Economic Policy Institute, women were paid 22.1% less on average than men in 2021, even after counting for race and ethnicity, education, age and geography. That figure has stayed fairly consistent since the early ’90s.
KRTV
March 18, 2022
Finally, and most notably, the pillow company said they took the average cost of daycare over the course of a year for each state from the Economic Policy Institute. In that department, Massachusetts soared high above the rest with an average of $20,913 in yearly infant care costs as of 2020. Body Nest said that’s more than triple the cost of paying for infant care in the least expensive state, Alabama.
WBZ News Radio
March 18, 2022
The Economic Policy Institute (EPI) estimates that CEO compensation has grown 1,322% since 1978, while typical worker compensation has risen just 18%. In 2020, CEOs of the top 350 firms in the U.S. made $24.2 million on average, which was 351 times more than a typical worker.
Benzinga (via Yahoo! Finance)
March 18, 2022
Since 1972, the Black unemployment rate has always been higher than mainstream America, Ryan reports. However, according to Elise Gould, an economist at the Economic Policy Institute, “The white unemployment rate is now lower than the Black unemployment rate has ever been.”
The Grio
March 18, 2022
“There was a time when really high oil price inflation could’ve tipped us into a recession by clamping down on household spending,” said Josh Bivens, research director at the Economic Policy Institute. “But our oil extraction sector is pretty huge now… and they generate a ton of domestic profit now.”
Quartz
March 18, 2022
Elise Gould, senior economist at the Economic Policy Institute, said it wasn’t just closures but uncertainties around school and daycare reopenings. This uncertainty, Gould said, especially impacted moms and parents with young kids. Moms were also more likely than fathers to be in jobs hard hit by pandemic-related closures early on in the pandemic, according to a Census post.
Business Insider
March 18, 2022
Then there are wages. After organizing efforts shifted into high gear, Starbucks announced that it was making “historic investments in its partners,” including raising the wage floor to $15 an hour by this coming summer. However, $15 is what activists called a “living wage” in 2012, and it’s what Amazon started paying fulfillment-center workers back in 2018. The MIT Living Wage Calculator says that a single adult needs to earn at least $20 an hour to meet today’s minimum standard of living in New York City, $23 in the Bay Area, and $19 in Seattle. To sustain themselves in America’s most affordable county (Orangeburg, South Carolina), workers need to earn at least $14.50 an hour, according to the Economic Policy Institute’s latest Family Budget Calculator.
Fast Company
March 18, 2022
Heidi Sheirholz, who leads the liberal Economic Policy Institute, said the legislation is “a core reason we’re in such an incredibly strong recovery right now.”
Associated Press
March 18, 2022