Actually, that post states that Asian women make more money than Caucasian women when both hold a college degree, and White men earn more than Asian men in the same circumstance. Austin claims fairly small differences with no information regarding error margins (even though the CPS provides them).
Let's take a look at Median Weekly Earnings for Bachelor's Degree for 2014:
All: $1,101
White: $1,132
Asian: $1,149
Black: $895
What about advanced degrees?
Here it is for 2014:
All: $1,386
White: $1,390
Asian: $1,562
Black: $1,149
The only area where Whites earn significantly more than their Asian countrymen with identical education levels is the High School Diploma with No College ($696 vs. $604).
Source (includes Men/Women comparison as well as numbers for Hispanic):
http://www.bls.gov/opub/ted/2015/me...ucation-gender-race-and-ethnicity-in-2014.htm
Note that the EPI chose to exclude a segment of "White" people, while not accounting for similar distinctions among "Asians". (That is to say, the data exclude "White Hispanic" individuals, but do not exclude, for example, "Southeast Asians").
It is also fair to claim educational achievement as a form of "privilege", similar to the fashion that high school completion (or more frequently, failure to complete) is cited. Dismissing the 20% difference (as the author does) is perhaps a little misleading, as it is a cornerstone in many arguments for policy implementation regarding "race".
Further, though this is not present in Mr. Austin's blog post, Asian Americans have grown wealth (measured as assets, liquidity, & debt management) a much higher percentage than Whites over the past quarter century. ~3% gained by Whites versus ~42% for Asians. (If anyone is curious, Black income is essentially flat over the same period, no real growth).
He also ignores other measures that do not give the desired image, such as Poverty Rate comparisons.
Here is the relevant data from 07-11:
White (non-Hispanic): 11.6%
Asian: 11.7%
Black: 25.6%
+/- .1% (.90)
https://www.census.gov/prod/2013pubs/acsbr11-17.pdf
Don't neglect unemployment rates. The most recent 3 months available:
Dec 15
White: 4.5%
Asian: 4.0%
Black: 8.3%
Jan 16
White: 4.3%
Asian: 3.7%
Black: 8.8%
Feb 16
White: 4.3%
Asian: 3.8%
Black: 8.8%
No error information provided.
The participation rate of Asian & White are about equal (60%), with Black a bit lower (56%).
http://www.bls.gov/news.release/empsit.t02.htm
To finish, the EPI is generally not considered a centrist organization. They are generally acknowledged as one of the most left-leaning organizations in economics. Here is a study summarized by Harvard Economics Professor Robert J. Barro (emphasis mine):
"
... tendency of Senate and House members in their speeches to cite 200 prominent think tanks. The citations considered were those that referred favorably to a view or fact presented by a think tank. Not counted were negative citations or those purely descriptive of a think tank's actions. As an example, the Heritage Foundation was cited by legislators whose average ADA ratings were 6 -- that is, very conservative. Also highly conservative were the Family Research Council (rating of 6) and the National Right to Life Committee (7). Left-wing think tanks included the Center on Budget & Policy Priorities (80), the Children's Defense Fund (77), and the Economic Policy Institute (72). Surprisingly, the American Civil Liberties Union was centrist (35), an outcome driven by the ACLU's opposition to campaign-finance reform".
http://scholar.harvard.edu/barro/files/04_0614_liberalmedia_bw.pdf