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Raise the Wage Forum October 2015

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Raising the Wage and the Status of Working Families in Indiana

Published in: Economy & Finance
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Raise the Wage Forum October 2015

  1. 1. TheIndianaInstituteforWorkingFamiliesconductsresearchand promotespublicpoliciestohelpHoosierfamiliesachieveandmaintain economicself-sufficiency. Raising the Wage and the Status of Working Families in Indiana Jessica Fraser | Program Manager, IIWF
  2. 2. What is Economic Self-Sufficiency? • Self-Sufficiency is the ability of individuals to care for their families without government support. • Generally, 200% of FPG is considered self-sufficiency • Our Self-Sufficiency Standard measures how much a family of a certain composition in a given geographic location needs to meet their basic needs. STAY TUNED IN JANUARY FOR NEWLY UPDATED DATA!!!! • Calculated for 70 family types in each of Indiana’s 92 counties. • Interactive Tool: The Self-Sufficiency Calculator www.indianaselfsufficiencystandard.org/
  3. 3. Self Sufficiency Standard Vs. Federal Poverty Guidelines (FPL) Self-Sufficiency Standard • Cost of basic needs based on local costs • County specific • Assumes all adults are working full-time • Adjusts by family size and composition • Includes taxes and tax credits Federal Poverty Guideline • Based solely on food costs • Assuming food represents 1/3rd of a families budget • Does not take into account geographic location • Assumes one parent stays at home and the other is working • Taxes not included
  4. 4. About the Report • Measuring the economic health of Hoosier families is a central function of the Institute’s mission. • Analyzes the general state of Indiana’s economy as it relates to working families by examining data on poverty, labor force and wages, followed by working-family friendly policy options. • Online and interactive data. • Guides our research and subsequent policy recommendations.
  5. 5. Chapter 1 • 2013 saw a record-breaking 1,015,127 Hoosiers in poverty. • Since 2000, poverty increased nationally by ~30% while Indiana saw a 57% increase. Among neighbors, only Michigan saw a larger increase. Our increase was near double Illinois’s increase. • Since 2007, poverty increased by more than 29% in Indiana – more than all neighbors and more than the national average. • 2014 finds us back at just over 975,000 with a statistically significant decrease in poverty and significant increase in median household income. • Indiana still has the highest rate low-income individuals than all of our neighboring states, except Kentucky. [ ]Poverty (Still) on the Rise
  6. 6. Growth in Poverty, 2000 - 2013
  7. 7. Growth in Child Poverty,2007 - 2013 22.2% 95 100 105 110 115 120 125 130 135 2007 2008 2009 2010 2011 2012 2013 U.S. (22.2) Illinois (20.7) Indiana (22.2) Kentucky (25.3) Michigan (23.8) Ohio (22.7) Source: Economic Policy Institute
  8. 8. Growth of Low-Income Hoosiers, 2007-2013 95 100 105 110 115 120 125 2007 2008 2009 2010 2011 2012 2013 U.S. (34.8) Illinois (31.9) Indiana (35.7) Kentucky (39.1) Michigan (35.6) Ohio (34.4) 35.7% Source: American Community Survey
  9. 9. Indiana’s Social Safety-Net’s NON- Response 926,694 1,015,127 - 200,000 400,000 600,000 800,000 1,000,000 1,200,000 2008 2009 2010 2011 2012 2013 SNAP TANF Poverty 24,276 Hoosiers on TANF in 2013 represents Source: Author analysis of TANF (U.S. Health and Human Services, Office of Family Assistance, Caseload Data), SNAP (USDA, SNAP Research and Analysis Division, Food and Nutrition Service) and Poverty (American Community Survey, 1 Year Averages) data. All 2013 annual averages calculated with data from January through September.
  10. 10. Chapter 2 • A closer examination of the data reveals that several large pockets of weakness in the labor market persist. • Working families trying to make up ground from the last decade-and-a-half of weak income growth are further hampered by the reality that today’s jobs are not what they used to be. Labor Market & 21st Century Jobs Swap[ ]
  11. 11. Indiana's Jobs Deficit May 2015 2500 2600 2700 2800 2900 3000 3100 3200 Jobs needed to keep up with population growth Jobs lost since December 2007 Employment level since 2000 Peak: 2,993,000 jobs Trough: 245,400 less jobs Source: Economic Policy Institute
  12. 12. Labor Force Participation December2007 – May 2015 56.0% 58.0% 60.0% 62.0% 64.0% 66.0% 68.0% 70.0% Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 U.S. Illinois Indiana Kentucky Michigan Ohio Source: Economic Policy Institute
  13. 13. 21st Century Job Swap 40150 -35,800 50526 -10,572 -72,992 49,623 -100000 -80000 -60000 -40000 -20000 0 20000 40000 60000 80000 # During Growth (2001-2007) # During Recession (2007-2010) # During Recovery (2010-2013) High Wage Jobs More than $26/hour Mid Wage Jobs $15 - $26/hour $31,200 - $54,080/year Low Wage Jobs Less than $15/hour $31,200/year Source: Author analysis of Current Employment Statistics (CES) survey
  14. 14. Public Sector Jobs Shedding of LocalGovernmentJobs During Recovery Source: Author analysis of Current Employment Statistics (CES) survey 10,576 (580) (4,898) 8,413 (2,043) (2,733) (6,000) (4,000) (2,000) - 2,000 4,000 6,000 8,000 10,000 12,000 # During Growth (2001-2007) # During Recession (2007- 2010) # During Recovery (2010- 2013) Local Government Educational services Non Education Local Government
  15. 15. Chapter 3 Food Services and Drinking Places 227,389 $6.53 Administrative and Support Services 166,971 $12.95 Transportation and Equipment Manufacturing 130,202 $26.63 Top 3 Industries by Total Jobs and Average Hourly Wage Source: Author analysis of Current Employment Statistics (CES) survey [Working for a (Basic) Living ]
  16. 16. Annualized Value of 2014 & 1968 Minimum Wage (in 2014 Dollars) Source: U.S. Department of Health and Human Services, 2014 Poverty Guidelines, UC Berkeley Labor Center, EPI CPS analysis $15,080 $22,797 $41,101 $20,613 $32,947 $15,730 $0 $10,000 $20,000 $30,000 $40,000 $50,000 Current Minimum Wage ($7.25) 1968 Minimum Wage ($10.96) Minimum Wage to Productivity ($19.76) 20th Percentile, Hourly ($9.91) 50th Percentile, Hourly ($15.84) Federal Poverty Guidelines
  17. 17. Self-Sufficiency – Hourly Wage Innocountydoesthefederalminimumwageof $7.25per hoursupporteconomicself-sufficiencyfora singleadult Indiana’s median hourly self-sufficiency wage for 1 adult = $9.26 Source: IIWF, 15 Reasons to Raise the Minimum Wage: http://goo.gl/I0hBZc
  18. 18. Income of Most Affluent Working Hoosier Families Compared to Least Affluent, 2005-2013 $92,587 $108,774 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 Bottom Quintile Top Quintile $30,438 $30,450 Source: Working Poor Families Project
  19. 19. Median Household Income, 2001- 2013 75 80 85 90 95 100 105 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Illinois Indiana Kentucky Michigan Ohio Source: Economic Policy Institute $47,529 $48,273 $43,339
  20. 20. Policy decisions are key Public policy decisions can help to restore prosperity by: • Repurposing a state-designed social safety net. • Reverse deteriorating job quality, stagnating wages and job inconsistency. • Construct tax policy based on the principle of fairness.
  21. 21. Chapter 3 Policy Options •Raise the Minimum Wage •Raise the Tipped Minimum Wage •Provide tax relief to low- to middle- income Hoosiers with a ‘Working Families Tax Cut’ package (See next chapter)
  22. 22. Contact Info Website: www.incap.org/iiwf Twitter: https://twitter.com/INInstitute Facebook: www.facebook.com/IN.Institute Blog: www.iiwf.blogspot.com Report Link: http://www.incap.org/iiwf/2015status.html Jessica Fraser jfraser@incap.org (317) 636-4232 @JessicaDFraser

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