Weakening prevailing wage by raising a contract threshold has negative impacts on local contractors, construction workers, and economies, according to a new study. The report, An Analysis of the Impact of Prevailing Wage Thresholds On Public Construction: Implications for Illinois, … Continue reading Prevailing Wage Contract Thresholds Lower the Bar in Public Construction
Frank Manzo IV is the Policy Director of the Illinois Economic Policy Institute (ILEPI). Visit ILEPI at www.illinoisepi.org or follow ILEPI on Twitter @illinoisEPI. This post is part of the “Frankonomics” series. All states collect tax revenues in some form. Typically, the primary … Continue reading A Laffer Curve for State Income Taxes
Note: This post is an excerpt from The History of Economic Inequality in Illinois: 1850-2014 [PDF], published and released by the Illinois Economic Policy Institute on March 4, 2016. Although Illinois cannot completely counter national trends, the state and local governments … Continue reading 10 Potential Ways to Reduce Inequality in Illinois
The Affordable Care Act (ACA), or “Obamacare,” has greatly improved health insurance access and coverage in Illinois, according to a new Economic Commentary [PDF] by the Illinois Economic Policy Institute. Health care coverage increased in all of the 20 most populous counties in Illinois from 2013 to 2015.
The uninsured – who are disproportionately poor, young, and non-citizens – often go long periods of time with illness or injuries before seeking medical treatment due to the high out-of-pocket costs. The Affordable Care Act was enacted with the goal of increasing the quality of, affordability of, and number of residents with health insurance. The law expanded health care coverage opportunities for most Illinoisans by creating a “marketplace” of easily-accessible insurance plans.
Continue reading “How Illinois is Doing Since Health Care Reform”
We’re sick of the dysfunction in Illinois.
As someone who was born after 1981, I am considered a “millennial.” Last summer, my generation became the largest cohort in America.
We outnumber all other generations, but still it often seems that elected officials in Springfield have little concern for our general well-being.
Millennials tend to think that the government should be more involved in making college affordable, helping the poor, and creating jobs. We care about equality – both economic and social. And a smaller share of us sees a real difference between the Republicans and the Democrats.
So let’s just take a quick look at how Illinois is faring on those policy issues – college affordability, helping the poor, job creation, and equality. Continue reading “Grow Up.”
First-Of-Its-Kind Study for Illinois Finds that Inequality has Increased to Great Depression-Era Levels, Driven by a Redistribution of Wealth from Labor to Capital
Economic inequality in Illinois has increased to levels not seen in decades, according to a new study by the Illinois Economic Policy Institute (ILEPI).
The report, entitled The History of Economic Inequality in Illinois: 1850-2014, is the first ever historical analysis of wealth inequality, income inequality, and the labor-capital divide in Illinois.
Two weeks ago, I wrote about how more infrastructure investment would kickstart the Illinois economy. Transportation infrastructure investment is one government spending item that conclusively boosts employment and reduces costs over the long run. Investment in human capital– in education and skills– is another.
Unfortunately, data from the Social Science Research Council’s Measure of America (scroll down for full data) illustrate how little the State of Illinois spends on transportation infrastructure and higher education compared to the rest of the country.
If Motor Fuel Taxes had been adjusted for inflation over the past 23 years, the state would have generated $10 billion in additional transportation revenues, according to a new report from the Illinois Economic Policy Institute [PDF]. Despite the 25 … Continue reading $10 Billion Lost Over 23 Years
Frank Manzo IV is the Policy Director of the Illinois Economic Policy Institute (ILEPI). Visit ILEPI at www.illinoisepi.org or follow ILEPI on Twitter @illinoisEPI. This post is part of the “Frankonomics” series. Physical infrastructure investment is one of the main government expenditures that conclusively enhances … Continue reading More Infrastructure Investment Would Kickstart Illinois
In a decision on Wednesday, a federal judge in Kentucky ruled that the National Labor Relations Act (NLRA) prohibits local units of government from enacting “right-to-work” zones.
Economists across the country have advocated for raising the minimum wage, claiming that the benefits outweigh the costs. For example, increasing the minimum wage has been found to boost consumer spending and reduce income inequality in the economy.
The federal minimum wage is $7.25 an hour and has not been increased since 2009. Though the federal rate has not increased in 7 years, many states and localities have raised their own minimum wages. Chicago raised its local minimum wage to $10.00 in 2015. By 2019, the City is expected to have a minimum wage of $13.00, per an ordinance passed by the City Council. Continue reading “Illinois Needs a $10 Minimum Wage Just to Keep Up With Inflation”
Frank Manzo IV is the Policy Director of the Illinois Economic Policy Institute (ILEPI). Visit ILEPI at www.illinoisepi.org or follow ILEPI on Twitter @illinoisEPI. This is part of the “Frankonomics” series.
Illinois’ middle class is relatively strong in 93 of the state’s 102 counties, according to the Measure of America by the Social Science Research Council.
One of the many outcomes included in the Measure of America is the Gini coefficient for every county across America. Gini coefficients are the most commonly used measure of income inequality. The coefficient ranges from 0, which represents complete equality, to 1, which reflects complete inequality (i.e., one person has all the income).
For the United States, the national average Gini coefficient is 0.469. Fully 93 out of 102 counties in Illinois have a Gini coefficient below the national average.
Continue reading “93 Out of 102 Counties in Illinois Have Low Income Inequality”
The Illinois Update 