Media clips

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• Pennsylvania teachers get shortchanged

  That’s according to a new report from the Economic Policy Institute, which advocates for fair pay for low- and middle-income workers.

  Axios August 19, 2022
• Dan Price, CEO who cut his pay so workers made at least $70,000, resigns

  In 2015, the year Price cut his pay, the nation’s CEOs were collecting 276 times the annual pay of the typical worker, according to the Economic Policy Institute. A 2021 analysis found that gap has widened, to 351 times as much as the average worker. Compensation for top executives has soared nearly 1,300 percent in he past four decades, after adjusting for inflation. The study found that average pay for top businesses leaders at the country’s 350 largest companies was $24.2 million in 2020, when the realized value of stock options are factored in.

  The Washington Post August 19, 2022
• Are teachers leaving the classroom en masse?

  Still, the “teacher pay penalty,” the reality that teachers are paid less than their non-teacher college-educated counterparts, has gotten worse over time. A new study from the Economic Policy Institute, an independent nonprofit think tank, found that the weekly wages of teachers have remained relatively flat for nearly three decades.

  VOX August 19, 2022
• Colorado teachers have the largest pay disparity in the country

  A report by the Economic Policy Institute published a report highlighting pay disparity between teachers and college-educated nonteachers. Colorado was the worst.

  9 News (Colorado TV) August 19, 2022
• Fed Meeting Minutes Show the Bank May Unleash Mass Unemployment, Economists Say

  “We have a supply-side problem, but rather than trying to restore or raise supply-side capacity the Fed is aiming to push demand down to the level where supply is currently constrained by pandemic, war, and climate crises,” noted Adam Hersh, a senior economist at the Economic Policy Institute.

  Truthout August 19, 2022
• Arizona teachers make 32% less than other college grads in the state

  Arizona teachers made about 32% less than comparable college-educated workers in the state last year, according to a new report from the Economic Policy Institute (EPI).

  Axios August 19, 2022
• Taking from Afghanistan’s poor

  Driving the news: A group of 70 international economists, including Joe Stiglitz of Columbia and Heidi Shierholz of the Economic Policy Institute, is urging the U.S. government to give the Afghan central bank its money back — but there’s no indication that anyone at Treasury is sympathetic.

  • What they’re saying: “Without access to its foreign reserves, the central bank of Afghanistan cannot carry out its normal, essential functions. Without a functioning central bank, the economy of Afghanistan has, predictably, collapsed. The people of Afghanistan have been made to suffer doubly for a government they did not choose.”
  Axios August 19, 2022
• The wage myths of the modern economy

  Larry Mishel, former president of the Economic Policy Institute. Labor market economist studying jobs, wages and inequality for four decades. (@LarryMishel)

  WBUR On Point August 19, 2022
• Workers forced to take time off because of COVID have lost $28 billion in wages

  As Economic Policy Institute’s Elise Gould previously told Insider, paid sick days can be helpful for parents who need to care for their family or their own health. However, recent attempts to institute widespread leave access have failed, meaning that workers have to rely on their employers — or their own savings — to keep themselves afloat if they need to take time off.

  Business Insider August 19, 2022
• School districts across America will do anything for more teachers

  The wage gap between teachers and the rest of the comparably educated workforce was about 21% in 2018. That disparity was a much smaller 6% back in 1996, according to an analysis from the Economic Policy Institute, reports Axios’ Erica Pandey.

  Axios August 19, 2022