“Because of the extraordinary circumstances, we are seeing a transfer of power,” Heidi Shierholz, the president of the Economic Policy Institute, said. “We’re in a really abnormal situation.”
VOX
January 14, 2022
Cook’s salary remained at $3 million, however he received about $82.3 million in stock awards, another $12 million for being able to hit the target of their company sales, and about $1.4 million allowance for air travel, insurance premiums and others. All in all, he earned $98.7 million in 2021 alone, the previous year, he only earned about $14.8 million in 2020.It was reported in 2020 that generally, the CEOs in United States are paid at least 351 times more than a typical worker. This was shown on the report that was released by Economic Policy Institute. The compensation for CEOs roughly grew about 60% faster than that of the stock market. However, there is a slow growth of only 18% in a typical worker’s annual pay since 1978.
TheRichest
January 14, 2022
Farmworkers are some of the lowest-paid workers in the U.S, according to a 2021 report from The Economic Policy Institute. On average, farmworkers in 2020 earned about $14.62 per hour, “far less than even some of the lowest-paid workers in the U.S. labor force,” the report found. Farmworkers at that wage rate earned below 60% compared to what workers outside of agriculture made, according to the report.
Fresno Bee
January 14, 2022
Experts can’t point to a clear determining factor to explain the recent increase. However, the Economic Policy Institute points to the fact that the African-American community continues to experience higher rates of COVID-19 hospitalization and deaths.
Black Enterprise
January 14, 2022
Blogger Nancy Shenker points out: ‘”More people are turning to freelance work as a second-act career, and close to 40 percent (37%) of freelance workers are over 55, according to the Economic Policy Institute (EPI), as reported by AARP.”
Forbes
January 14, 2022
National Economic Council Deputy Director Bharat Ramamurti tweeted out a chart from the left-leaning Economic Policy Institute that showed how quits were elevated in lower-paying sectors. The chart in particular compared the rates of quits and hires by industry:
Business Insider
January 14, 2022
Elise Gould, senior economist at the Economic Policy Institute says while it may be surprising that young adults from wealthier families would move home, there are some possible explanations.
CNBC
January 14, 2022
“We still have aways to go in terms of absorbing the labor force, and people who’ve left the labor force, as well as population growth, but it’s certainly a positive sign,” said Elise Gould, senior economist with the Economic Policy Institute, a Washington think tank.
VOA
January 14, 2022
“I certainly think that the pandemic has led many people to reevaluate their work and their priorities and what they want to do,” Elise Gould, senior economist at the Economic Policy Institute said in a statement to Business Insider.
Forbes
January 14, 2022
“The survey that gets maybe the most attention is the total number of jobs added — and that is from the establishment survey,” said Heidi Shierholz, president of the Economic Policy Institute and chief economist at the Labor Department from 2014 to 2017. “Businesses are asked, ‘How many people do you have on payroll?’ So that’s how we get this count of the total number of jobs in the economy.”
Marketplace
January 14, 2022