Latino college graduates earn only about 85 cents for every $1 made by their white counterparts, according to the Economic Policy Institute. (paywall).
The Chronicle of Higher Education
May 6, 2022
What we learned on these earnings calls was quickly reflected in data. Despite the rising costs of labor, energy and materials, profit margins reached 70-year highs in 2021. And according to an analysis from the Economic Policy Institute, fatter profit margins, not the rising costs of labor and materials, drove more than half of price increases in the nonfinancial corporate sector since the start of the Covid pandemic.
The New York Times
May 6, 2022
“Workers continue to quit and get hired at fast rates in today’s economy. This ‘churn’ is a positive sign of a strengthening labor market where workers can quit, search, and obtain new opportunities,” said Elise Gould, senior economist at the Economic Policy Institute.
CNN
May 6, 2022
By 1990, voter indignation at the rising CEO to worker pay gap swelled to the point that Bill Clinton made it a major promise of his ‘putting people first’ campaign that if he was elected, he would put an end to it. Clinton got elected in 1993 and immediately said he would keep his promise. Let’s look at a graph prepared by the Economic Policy Institute that shows the rise in CEO to worker pay ratio from the mid-1960s to 2020. Notice how after Clinton’s reform, the ratio skyrocketed.
LA Progressive
May 6, 2022
“The key thing is productivity is actually measured by taking GDP and dividing it by hours worked. And GDP was freaking weird in the first quarter,” Heidi Shierholz, the president of the Economic Policy Institute, told Fortune. “If you dig into the GDP numbers, you actually see healthy growth, but the top-line GDP numbers are negative because of a decline in inventories and an increase in imports, which has nothing to do with workers becoming less productive.”
Fortune
May 6, 2022
“One of the reasons why we continue to see persistent pay disparities both in gender and race is so much of the process and decision making about salary is hidden or secretive,” said Valerie Wilson of the Economic Policy Institute, a left-leaning think tank.
MarketWatch
May 6, 2022
“The cost of childcare has been increasing rapidly over the past several decades,” says Zane Mokhiber of the Economic Policy Institute. The bottom line, experts say, is also a big part of the problem. The non-profit Economic Policy Institute put together an interactive site, showing the average annual cost of infant care in Missouri is now more than $10,000. That’s 4% more than the average cost of housing and nearly 20% more than in-state tuition for a four-year college.
KMOV
May 6, 2022
According to the Economic Policy Institute, millions of workers are paid less than they’re legally owed every year. In its latest analysis, the independent, nonprofit think tank found that between 2017 and 2020, more than $3 billion in stolen wages were recovered for workers by the U.S. Department of Labor, state departments of labor and attorneys general, as well as through class and collective actions.
Fort Myers News-Press
May 6, 2022
According to a new report by Josh Bivens at the Economic Policy Institute, over half of price inflation since March 2020 (he estimates 53.9 percent) is attributable to fatter profit margins, while labor costs account for less than 8 percent. As the chart below shows, from 1979 to 2019, profits contributed only a bit over 11 percent to price growth, and labor costs over 60 percent. Corporate power has built up over the last forty years, and the pandemic-driven demand surge has given firms even more pricing power vis-à-vis their customers. Powerful firms have also been free to pass on cost increases to their customers because they don’t face strong competition, and have been using the cover of “inflation” to add even more to their profit margins.
LA Progressive
May 6, 2022
Still, according to a recent analysis by the Economic Policy Institute of educator pay statistics, nationwide teachers on average make 19.2% less annually when compared with similarly educated workers, NEA officials said.
The Chicago Tribune
May 6, 2022