As hospital policies and culture have become more aligned with big businesses, hospital executive compensation has swelled, mirroring the climb in CEO wages across all of corporate America that began in the late 1970s and continued despite the Great Recession that began in 2008. According to the Economic Policy Institute, average realized compensation of US CEOs, adjusted for inflation, grew by 105.0 percent from 2009 to 2019, while typical worker compensation increased by just 7.6 percent. Similarly, from 2005 to 2015, the average compensation of major nonprofit hospital CEOs rose by 93 percent, from $1.6 million to $3.1 million, while average hospital worker wages increased by a mere 8 percent in that decade.
Health Affairs
February 11, 2022
Economic Policy Institute Economist Monique Morrissey told the hearing in the aftermath of the pandemic part-time employment has remained significantly below pre-pandemic for seniors while full-time employment appeared essentially unchanged.
Forbes
February 11, 2022
Public schools have been struggling to fill support staff positions since the Great Recession decimated the workforce in the mid-2000s, and the pandemic has made things worse. If hiring kept pace with enrollment, public K-12 education employment today would be 8.6% higher than fall 2008 levels. Instead, it’s down 5.3%, according to a new report released last week by the Economic Policy Institute, interpreting data from the Bureau of Labor Statistics.
Fortune
February 11, 2022
“Our models were all wrong,” says former Labor Department Chief Economist Heidi Shierholz.
Bloomberg TV
February 11, 2022
Lawrence Mishel, a distinguished fellow at the Economic Policy Institute, shares that sentiment. “It’s not that the economy got worse, it was that there were policy decisions made so that the economic growth did not filter down to the vast majority.”
CNBC
February 11, 2022
As school districts across Colorado struggle to keep their doors open because of staffing shortages, a new Economic Policy Institute report suggests that states should tap billions in unspent COVID relief funds to make long-overdue investments in the education workforce.
Public News Service
February 11, 2022
So unless you’re C-suite executive with tons of stock (or are nearing retirement age and have made extremely risky decisions with your savings), a stock market plunge generally won’t be bad for you. And it also probably wouldn’t be good for you. “If you don’t have much wealth,” says Josh Bivens, director of research at the liberal Economic Policy Institute, the stock market is “a pure sideshow for your own economic circumstance.”
The Intercept
February 11, 2022
“It’s devastating,” said Robert E. Scott, the director of trade and manufacturing policy research at the left-leaning Economic Policy Institute, which has called for more dramatic action to reduce the trade deficit, like realigning the value of the dollar. He added that the trade deficit was “draining jobs away from the recovery.”
New York Times
February 11, 2022
Historian Richard Rothstein, a housing policy expert at the Economic Policy Institute, draws a direct line between discriminatory government housing policies of the 20th century and the low Black homeownership rates in the United States today.
Washington Post
February 11, 2022
Cites EPI graph on arbitration and litigation.
VOX
February 11, 2022
Marketplace
February 11, 2022
“You’re seeing it beat inflation, just barely,” said Elise Gould, a senior economist at the Economic Policy Institute, a left-leaning think tank.
CNBC
February 11, 2022
More than half of nonunion, private sector employees — or about 60 million workers — were subject to mandatory arbitration as of a 2018 report from the progressive Economic Policy Institute.
Axios
February 11, 2022
Features Elise discussing the latest jobs report.
Hearst TV
February 11, 2022
Features Elise discussing the latest jobs report.
Hearst TV
February 11, 2022
Meanwhile, a new report released recently by the Economic Policy Institute that interprets data from the Bureau of Labor Statistics suggests two reasons for why school support jobs are not rebounding: the first being that workers in those roles tend to skew older—50.4% of cafeteria workers are 50 and over—and are therefore more likely to have serious COVID-19-related health concerns, and support staff wages in public K-12 schools are below industry standards, as the median weekly wage for cafeteria workers between 2014 and 2019 was $331, while the average American worker earned $790.
Food Management
February 11, 2022
Meanwhile, a new report released recently by the Economic Policy Institute that interprets data from the Bureau of Labor Statistics suggests two reasons for why school support jobs are not rebounding: the first being that workers in those roles tend to skew older—50.4% of cafeteria workers are 50 and over—and are therefore more likely to have serious COVID-19-related health concerns, and support staff wages in public K-12 schools are below industry standards, as the median weekly wage for cafeteria workers between 2014 and 2019 was $331, while the average American worker earned $790.
Food Management
February 11, 2022
In a comment filed with the NLRB this week, the left-leaning Economic Policy Institute criticized the Uber advice memo. Those drivers don’t have actual entrepreneurial opportunity because they can’t develop markets, set prices, or determine routes, EPI said.
Bloomberg Law
February 11, 2022
According to an analysis of DOL data by the Economic Policy Institute, a progressive think tank, DOL’s Wage and Hour Division recovered $257.8 million in back wages for workers in fiscal year 2020, $322.5 million in fiscal year 2019, $304.9 in fiscal year 2018 and $270.4 million in fiscal year 2017. More than 1 million workers received recovered wages during this period, with an average of more than $1,000 per worker.
The Grio
February 11, 2022
According to an analysis of DOL data by the Economic Policy Institute, a progressive think tank, DOL’s Wage and Hour Division recovered $257.8 million in back wages for workers in fiscal year 2020, $322.5 million in fiscal year 2019, $304.9 in fiscal year 2018 and $270.4 million in fiscal year 2017. More than 1 million workers received recovered wages during this period, with an average of more than $1,000 per worker.
The Grio
February 11, 2022
Cites EPI graph on arbitration and litigation.
VOX
February 10, 2022
“Our models were all wrong,” says former Labor Department Chief Economist Heidi Shierholz.
Bloomberg TV
February 10, 2022
Reduced working hours have long been a demand from labor; unions won reductions from six days a week to five in the early 20th century, and the US Fair Labor Standards Act enshrined the 40-hour workweek in law in 1938. But while productivity has shot up roughly threefold since then, pay has risen by only about half that amount, according to the nonprofit Economic Policy Institute. The length of the workweek has stayed largely the same.
WIRED
February 4, 2022
The three nominees “having better qualifications than dozens of past nominees and eventual board governors,” the Economic Policy Institute’s Josh Bivens wrote last week, proved no buffer to resistance from the fossil fuel sector and Republicans. He said that “organized opposition… mostly settled into a focus on Cook and Raskin.
Common Dreams
February 4, 2022
The Economic Policy Institute’s Elise Gould said on Twitter: “The hires rate remains higher than the quits rate in every major industry. This indicates that when workers quit, they are taking other jobs-likely in the same sector-not dropping out of the labor force altogether.”
Business Insider
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
A 2013 study by the Economic Policy Institute on three cities that were under mayor control — Washington, D.C., New York and Chicago (paywall).
San Francisco Chronicle
February 4, 2022
“Public officials should seize this moment of greater fiscal flexibility to begin making the reforms needed to attract, keep safe, and retain high-quality teachers and support staff,” the Economic Policy Institute’s David Cooper and co-author of a new report said per a press release. “That means raising pay, enacting strong COVID protections, investing in teacher development programs, and finding ways to support part-time and part-year staff when school is not in session.”
Business Insider
February 4, 2022