According to the Economic Policy Institute, the average cost for child care in Wisconsin is more than $10,000 annually.
CBS 58
February 4, 2022
Thanks to President Biden’s executive order requiring all companies with federal contracts to pay their workers at least $15 an hour, nearly 400,000 workers will get raises starting next week, when the order takes effect. According to tabulations by our friends at the Economic Policy Institute, the average wage increase will be $3,100, and more than half of the workers who benefit will be Black or Hispanic.
The American Prospect
February 4, 2022
Income disparity is worse for Wausau residents compared to most metro areas around the country, according to the latest research from the Economic Policy Institute.
Wausau Pilot and Review
February 4, 2022
And if you top off the cutback in fiscal spending with aggressive rate increases from the Fed, we could cut short a promising recovery, says Josh Bivens, director of research at the progressive Economic Policy Institute.
Axios
February 4, 2022
Take health care, for example: The PCE Price Index accounts for costs incurred by government programs like Medicare and Medicaid, as well as private insurers, where CPI does so just for health costs that directly impact Americans’ wallets, according to Josh Bivens, research director at the Economic Policy Institute.
CNBC
February 4, 2022
According to a report published by the Economic Policy Institute, minimum wage workers are today effectively making 21 percent less than their counterparts did 12 years ago—when the federal government last raised the wage to $7.25.
Newsweek
February 4, 2022
Naturally, when power is given to the working class, conflict forms between workers and their employers. Companies are known to combat unionization, collectively spending around $340 million a year on “union avoidance,” according to the Economic Policy Institute. Why use that money to pay employees more when they could spend it on anti-union propaganda?
Rocky Mountain Collegian
February 4, 2022
“The layoffs rate hit an historic low in December, lowest since the series began in 2000,” Elise Gould, senior economist at the Economic Policy Institute says in a series of chained tweets. “Job openings increased in accommodations and food services as well as state and local government education, two sectors still suffering some of the largest job shortfalls since Feb 2020.”
Reuters
February 4, 2022
Higher wages are also luring workers into switching jobs, economists noted. Industries hired new workers at higher rates than the quits rate in every industry — a signal that workers who quit in December departed for other jobs, tweeted Elise Gould, an economist at the left-leaning think tank Economic Policy Institute.
CBS
February 4, 2022
Black workers lost 646,500 manufacturing jobs from 1998 to 2020, wiping out more than 30% of their employment in the sector, according to a new report by the Economic Policy Institute.
Axios
February 4, 2022
Not all people who quit are moving to better jobs. Some people are struggling to work because of ongoing disruptions with childcare, and others have had to quit because they don’t have paid sick time or are worried about facing increased health risks on the job, said Elise Gould, a senior economist for the Economic Policy Institute.
Reuters
February 4, 2022
Adam Hersh, who’s studied the economics surrounding Biden’s agenda as an economist with the Economic Policy Institute, indicated that this could prove to be a winning strategy. He told Newsweek that when it comes to this piece of legislation, it’s hard to find much wrong with it. Infrastructure has been needed in the United States for so long that, beyond potential temporary closures that may come during construction projects, the bill will largely be seen by Americas as a win once its effects reshape their communities, he said.
Newsweek
February 4, 2022
“The effects of that were felt throughout the eighties,” said Kyle Moore, an economist with the Economic Policy Institute’s Program on Race, Ethnicity, and the Economy. “Unemployment has well documented negative effects on folks’ psyche and their disposition.”
The Grio
February 4, 2022
We also look into the latest numbers on union membership in America with Margaret Poydock of the Economic Policy Institute (spoiler: it’s not good), the battle over gig work in Massachusetts, the end of the King Soopers strike, and more moves toward a four-day work week. For Argh, we consider nursing home workers’ striking for union recognition, and what happens when experimental art collectives unionize.
Dissent Magazine
February 4, 2022
The U.S. has lost more than 5 million manufacturing jobs within the past 25 years, hindering the financial mobility of workers without a college degree and taking a particularly heavy toll on workers of color, according to a new report from the left-leaning Economic Policy Institute. At the same time, low-wage service jobs have soared.
USA Today
February 4, 2022
“Teachers don’t go into their occupation to get rich,” said Lawrence Mishel, a labor economist at the Economic Policy Institute, and one of authors of that study. “But they do have some expectation of being able to provide for the family and have a house and send their own kids to college. And I think that’s exceedingly difficult.”
Marketplace
February 4, 2022
Overall wages for leisure and hospitality employees are still strong relative to pre-pandemic times, but the deceleration in wages is largely attributed to the impact of the Omicron variant. “The scramble for available workers is a little less intense than it was six or seven months ago,” says Josh Bivens, director of research at the Economic Policy Institute.
Time Magazine
February 4, 2022
State and local governments currently spend only $11.8 billion on early childhood education, compared with the $42 billion parents pay out of pocket each year, according to a 2020 analysis from the Economic Policy Institute. Since some states — such as Colorado, Iowa and Idaho — have money to spare right now, in part because of Covid relief funding, boosting child care wages would be an excellent investment.
New York Times
February 4, 2022
As a policy matter, states and cities should think about requirements that would make public-facing jobs safer so older people feel comfortable returning to them, at least part time, said Monique Morrisey, an economist at the left-leaning Economic Policy Institute specializing in retirement security. A healthier generation of older workers has become a mainstay of the workforce in recent years.
Pew Stateline
February 4, 2022
“The question then is, ‘How quickly will they come down?’” said Elise Gould, senior economist with the Economic Policy Institute. “You could see a recovery [in the labor market] as early as February, and certainly March, if we can start putting the pandemic behind us.”
NPR
February 4, 2022
The Obama Labor Department tried to fix all this. It made a practical decision to leave intact the dog’s breakfast that Bush had made of the duties test but doubled the wage ceiling from $23,660 to $47,476. If you earned less than $47,476, it didn’t matter what your boss said your duties were, he owed you overtime whenever you worked more than 40 hours. In future years the ceiling would be “indexed” to inflation, thereby preventing another post-1975 slide. The Obama rule expanded overtime coverage from 7 percent of workers to 23 percent, according to calculations by the Economic Policy Institute.
The New Republic
February 4, 2022
The Economic Policy Institute says in 33 states, day care for a 1-year-old costs more than in-state college tuition.
Poynter
February 4, 2022
The child care crunch hits new parents particularly hard, because few day care centers accept infants younger than 6 weeks. Infant care is staggeringly expensive. Wisconsin ranks 20th among states and the District of Columbia for most expensive infant care — with an average annual cost of nearly $12,600, according to the Economic Policy Institute. A minimum wage worker in Wisconsin would need to work full time for 43 weeks to pay that bill.
Wisconsin Watch
February 4, 2022
The child care crunch hits new parents particularly hard, because few day care centers accept infants younger than 6 weeks. Infant care is staggeringly expensive. Wisconsin ranks 20th among states and the District of Columbia for most expensive infant care — with an average annual cost of nearly $12,600, according to the Economic Policy Institute. A minimum wage worker in Wisconsin would need to work full time for 43 weeks to pay that bill.
Wisconsin Watch
February 4, 2022
The high quit rate for US workers can be attributed to employees moving on to higher paid jobs with better benefits – not simply leaving their roles to follow passions or start afresh. White House economists are stressing that what has been termed the “Great Resignation” is actually the “Great Upgrade”, as workers are staying in the labour market and looking for positions where they can provide for their families. President Joe Biden was keen to point out US unemployment has fallen below 4% for the first time since the beginning of the Covid-19 pandemic, while hiring rates are surpassing quit rates, particularly for lower-wage workers, according to the Economic Policy Institute.
Curation
February 3, 2022
“Teachers don’t go into their occupation to get rich,” said Lawrence Mishel, a labor economist at the Economic Policy Institute, and one of authors of that study. “But they do have some expectation of being able to provide for the family and have a house and send their own kids to college. And I think that’s exceedingly difficult.”
Marketplace
February 2, 2022
according to a 2019 report from the Economic Policy Institute. In the last 10 years, the salary of teachers in Texas has stayed about…(paywall).
San Antonio News-Express
January 28, 2022
Overall, the Economic Policy Institutes calculates, major U.S. corporate CEOs averaged 351 times typical worker pay in 2020. In 1965, by comparison, CEOs pocketed just over 20 times typical worker pay. The gap between U.S. worker and top corporate executive compensation has essentially multiplied over fifteen-fold since the mid-20th century.
Inequality.org
January 28, 2022
New data from the Economic Policy Institute found that increased price inflation was caused by a global supply chain crisis that focuses on durable goods instead of face-to-face services.
Next City
January 28, 2022
It’s hard to tell how many workers will see their paychecks grow, considering the current volatile job market, says Julia Wolfe, a state economic analyst for the Economic Policy Institute. But roughly 39 million people — 28% of the workforce — earned less than $15 dollars an hour in 2019, before the pandemic hit.
The Center for Public Integrity
January 28, 2022