Education

Education Alone Does Not Explain the Racial/Ethnic Earnings Gap

Americans in general experienced strong earnings growth from 2014 to 2015; this was especially true for blacks and Hispanics, as noted in the preceding article in this series. Over the longer term, however, the earnings gap between white Americans and most minority groups has increased. Disparities in education levels contribute to—but by no means fully…

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Equal Pay Day and Student Loans

Today is Equal Pay Day, the day when women’s earnings “catch up” to men’s earnings from the previous year. In other words, it takes a woman from January 1, 2015 to April 12, 2016 to earn the same as a man earns in 2015. Women, in 2016, make just 79 cents on the dollar compared…

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Executive Summary: Minnesota's Budget Surplus

The conservative effort to use the entire budget surplus to reduce state taxes—often referred to as the “give it back” campaign—is based on the premise that state revenues and expenditures have increased dramatically and thus all legitimate state expenditure needs should already be sated. However, a closer look at total state general fund revenue and…

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Minnesota's Budget Surplus: Balancing Tax Cuts and Investments

I. Introduction Last March, a group of legislators gathered at the State Capitol with a simple message: “Give it back!” The “it” refers to the state budget surplus, then projected to be nearly two billion dollars for the upcoming fiscal year (FY) 2016-17 biennium. These legislators urged Governor Dayton and their House and Senate colleagues…

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Statewide Student Loan Debt Conversations

Last week, we hit the road and traveled around the state talking with student loan borrowers about their experiences dealing with debt. We met with students, professionals, and local leaders and heard powerful stories about the struggles folks have due to student debt. We made eight stops in four days, traveling to Wayzata, Brooklyn Park,…

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Student Loan Borrowers Discuss Debt at St. Paul College

This morning, we kicked off our Minnesota Debt Tour by stopping at St. Paul College to hear from student loan borrowers and legislators about the ongoing student debt crisis. First to speak was Clinton, a St. Paul College senior with a burdensome debt load. Clinton spent one semester at Luther College, where he racked up $18,000…

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