According to the Economic Policy Institute, the average compensation of U.S. chief executives grew 105% from 2009 to 2019 when adjusted for inflation, while the typical worker saw their compensation increase by just under 8%.
Healthcare Dive
February 18, 2022
This is called the “composition effect,” and it’s backed up by the fact that unionization rates didn’t change much between 2019 and 2021. COVID made 2020 an outlier, and as the Economic Policy Institute, a labor-backed think tank, predicts, “As the economy continues to recover and the pandemic composition effect continues to unwind, that will put downward pressure on unionization rates in 2022.”
Facing South
February 18, 2022
In testimony before Congress it depends on which political party is … Monique Morrissey an economist at the Economic Policy Institute agreed (paywall).
Benefits Pro
February 18, 2022
The workplace policy of mandatory arbitration — a process that requires workers to resolve disputes through a third party and outside of the court system — has become much more common in recent decades. A 2018 analysis from the Economic Policy Institute, a progressive think tank, found that more than half of private, nonunion employers (54%) in the U.S. use mandatory arbitration.
HR Dive
February 18, 2022
Features Larry discussing CEO pay. (paywall link).
BBC News
February 18, 2022
Will the lowest-paid Americans drive a wage-price spiral? We should be so lucky. But no, that doesn’t look likely. As Josh Bivens of the Economic Policy Institute observed last week, “Relative to the situation in the 1970s, the 2021 inflationary shock is playing out in a context of highly unbalanced bargaining power between labor and capital.” Bivens noted that Treasury Secretary Janet Yellen and Fed Chairman Jerome Powell both said recently that they saw no evidence of a wage-price spiral emerging. That sounded dangerously as though they believe wage-price spirals do exist. And indeed, the Fed will be raising interest rates over the next year. There’s some danger it will do so more than necessary to keep inflation in check. But if that happens, it won’t be because they spoke the forbidden words.
The New Republic
February 18, 2022
According to the Economic Policy Institute, in 2020, the ratio of CEO to typical-worker compensation was 351:1. In 2019 it was 307:1. Both figures are big increases from 1965 when it was 21:1.
Iowa Press Citizen
February 18, 2022
Citation: Bivens, J and L Mishel (2015), “Understanding the Historic Divergence between Productivity and a Typical Worker’s Pay: Why It Matters and Why It’s Real,” Economic Policy Institute
Vox EU
February 18, 2022
A recent report by the Economic Policy Institute finds Arizona is one of 33 states where infant child care is more expensive than college tuition.
KTAR News
February 18, 2022
because they are sick, are caring for someone else who is ill or are needed for child care, notes Valerie Wilson, an economist at the Economic Policy Institute.
The City
February 18, 2022