“Low pay is not limited to ‘mom-and-pop’ stores—it is also widespread in big box stores, restaurants, and grocery stores that often have high CEO pay and revenue,” said Ben Zipperer, economist at Economic Policy Institute. “A higher minimum wage and unions can put corporate greed in check and raise wages throughout the labor market.”
Eat This, Not That
April 29, 2022
“We’ve dug ourselves a really, really deep hole over the past four decades,” says Lawrence Mishel, a distinguished fellow at the Economic Policy Institute. “You don’t fix that in a year or two.”
Fast Company
April 29, 2022
McDonald’s workers have some of the lowest wages in the fast-food industry, according to new data released by the Economic Policy Institute (EPI). The Wage Tracker project from EPI found that 23% of McDonald’s workers make less than $10 per hour, based on survey results collected in March and November 2021.
Business Insider
April 29, 2022
In 2021, median CEO compensation reached $20 mn, a 31 percent increase from the previous year due to big jumps in stock awards and cash bonuses based on market performance and company productivity. CEO pay consists of wages plus bonuses, long-term incentives and stock options, which comprise around 85 percent of CEO compensation, according to Lawrence Mishel of the Economic Policy Institute.
IR Magazine
April 22, 2022
Rising unemployment and recessions go hand in hand. When the economy is in a downturn, companies have to make cuts to stay afloat. In the case of the COVID recession, young adults were hit the hardest by pandemic-related job losses, according to a report from the Economic Policy Institute, a left-leaning think tank.
MarketWatch
April 22, 2022
According to the Economic Policy Institute, between 2011-12, 57.9% of non-education Ph.D. students worked as graduate student assistants. In my own undergraduate education here at IU, they have been insightful discussion leaders and great advisors in office hours. Indeed, graduate student workers do all this at a fraction of a tenured professor’s salary, all the while the administration rakes in tuition money.
The Herald Times
April 22, 2022
“Employers spend about $340 million a year on consultants to prevent union elections, according to a 2019 report from the Economic Policy Institute. Laboratory Corp. of America spent $4.3 million on these efforts between 2014 and 2018, while FedEx spent $837,000 over the same period and Quest Diagnostics (one of America’s largest COVID-19 testing companies) spent $200,000 between 2015 and 2017. The EPI also found that consultants can get paid $350-plus an hour or $2,500-plus a day.”
AFL-CIO Blog
April 22, 2022
Productivity rises faster than wages. Since the Economic Policy Institute published the famous alligator graph first in the 1980s with the wide jaws of productivity going up and wages going down, workers have been giving more to the economy than they have been getting.
Forbes
April 22, 2022
A teaching shortage has been sweeping the country, according to data from the Economic Policy Institute. Especially in low-income and rural areas, school districts are lacking teachers with proper credentials to serve children.
Deseret News
April 22, 2022
Between 2013 and 2015, bad actor businesses stole an estimated $429 million in wages and overtime pay, according to research by the labor union-backed Economic Policy Institute.
The Detroit News
April 22, 2022