After all, the economy might not need to slow down, pointed out Josh Bivens, chief economist at the Economic Policy Institute.
“Like, I think the unemployment rate we have today, I don’t think it’s too low. I don’t think it’s causing undue inflationary pressure; I think it’s mostly causing pretty good wage growth,” he said.
Marketplace
June 2, 2023
The average cost of child care is $15,394 a year in New York, the 6th most expensive state in the nation, according to a recent report by the Economic Policy Institute.
The Center Square
June 2, 2023
During the hearing, Padilla heard testimony from Daniel Costa, Director of Immigration Law and Policy Research at the Economic Policy Institute, and Diana Tellefson Torres, Chief Executive Officer of the United Farm Worker Foundation.
Padilla began his remarks by highlighting how farmworkers work long hours, often in dangerous conditions, to keep food on the table for the country. He then asked Mr. Costa how providing a pathway to legalization for farmworkers could bolster the U.S. economy. Mr. Costa responded by saying that if the undocumented workforce were granted a path to legal status, they could contribute to our workforce more easily and pay additional taxes.
Sierra Sun Times
June 2, 2023
The average CEO at a top U.S. company was paid $27.8 million in 2021, including stock awards — 399 times as much as the typical worker — according to research published by the Economic Policy Institute.
CNBC
June 2, 2023
Elise Gould, a labor economist at the Economic Policy Institute, a left-leaning think tank, said that the coronavirus stimulus packages enacted by the government have helped create consumer demand that has carried the labor market through a storm of economic uncertainty.
The Washington Post
June 2, 2023
Union membership is half what it was in 1983, according to the Bureau of Labor Statistics. Not coincidentally, the decline in union membership tracks with the increase in income inequality, as this fact sheet from the Economic Policy Institute shows. The best news in the post-pandemic economy is that low-income workers have seen steady gains in both employment and wages, as the pandemic brought back classic Keynesian policies. President Joe Biden needs to be out celebrating that fact every day.
National Catholic Reporter
June 2, 2023
The Economic Policy Institute found that right-to-work states paid workers 3.2% less than states without those laws. Such workers also were less likely to have employer-sponsored health care and pension coverage.
“RTW laws have nothing to do with whether people can be forced to join a union or contribute to a political cause they do not support; that is already illegal,” EPI noted. “Nor do RTW laws have anything to do with the right to have a job or be provided employment. At their core, RTW laws seek to hamstring unions’ ability to help employees bargain with their employers for better wages, benefits, and working conditions.”
Iowa Starting Line
May 24, 2023
“Since the era of slavery, the dominant view of Black women has been that they should be workers, a view that contributed to their devaluation as mothers with caregiving needs at home,” wrote economics professor Nina Banks in a 2019 article for the Economic Policy Institute. “African American women’s unique labor market history and current occupational status reflects these beliefs and practices.”
Civil Eats
May 24, 2023
Epperson’s early experience was typical of many exhausted employees working long hours just to get by. According to a report from the Economic Policy Institute, the lowest-earning quintile of Americans worked nearly 25 percent more hours in 2016 than they did in 1979. As wages have stagnated for low-income Americans, they’ve had to work more hours to make ends meet.
The Atlantic
May 24, 2023
In fact, a recent report by the Economic Policy Institute highlights that income inequality has cost Social Security billions of dollars of revenue every year.
The Hill
May 24, 2023
The problem for Kroger and Albertsons: When you look at the available facts, all those who truly care about our local communities across New Mexico should be deeply concerned. Consider a recent analysis by the Economic Policy Institute that found the merger will lower wages for 746,000 grocery store workers in over 50 metropolitan areas of the U.S. Even worse, grocery workers could lose more than $300 million in wages each year if the proposed merger went through due to lack of competition. In total, this would result in lost wages for these essential workers and would negatively impact wages for all grocery workers — regardless of whether they are employed by Kroger or Albertsons.
Santa Fe New Mexican
May 24, 2023
Several months after Weber’s research, a study from the left-leaning Economic Policy Institute found that more than half of inflation since mid-2020 could be attributed to larger corporate profit margins.
Fortune
May 24, 2023
According to research from the Economic Policy Institute, approximately 217,000 minimum wage earners in Ohio are victims of wage theft each year, each missing out on an average of $2,800.
Cleveland.com
May 24, 2023
“We are down nationally almost 2% from the pre-pandemic period (February 2020),” Kamper said. “In recent years, as we recovered from the pandemic, state and local government jobs have become less attractive because their pay has not kept up with pay in private sector jobs.”
The Bond Buyer
May 24, 2023
As CEOs complain about workers being less productive, their own paychecks are skyrocketing. According to the Economic Policy Institute, CEO compensation has grown 1,322% since 1978, while typical worker compensation has risen just 18%. Most recent figures suggest that S&P 500 CEOs averaged $18.3 million in compensation for 2021—324 times the median worker’s pay.
Fast Company
May 24, 2023
A quick search shows that there is a broad range of officials — from those at UBS to Unite the Union, from Goldman Sachs and the European Central Bank to the US Economic Policy Institute (EPI) — suggesting that over half of all the current price markup is to do with corporate profiteering.
Jacobin
May 24, 2023
The predictions have proven prescient: Just a year after the decision, the Economic Policy Institute found that the rate of arbitration agreements, which was already on the rise before Epic Systems, had accelerated following the decision. EPI predicted that by 2024, 80 percent of non-union workers would be subjected to forced arbitration clauses.
Balls and Strikes
May 24, 2023
A study released last year by the Economic Policy Institute examined realized annual income, a measure that includes stock options found that CEOs at the top 350 publicly traded companies were paid $27.8 million on average in 2021, or 399 times more than a typical worker – up from 366-to-1 in 2020 and way up from 59-to-1 in 1989.
24/7 Wall St.
May 24, 2023
Bills to relax child labor laws were introduced in at least 10 states over the last two years, all backed by a mix of business groups, according to the Economic Policy Institute.
Chicago Sun Times
May 24, 2023
The Economic Policy Institute, which tends to publish its data in the fall of each year, reviewed a broader range of 350 U.S. companies and estimated the average ratio was 399:1 in 2021. This was up from 351:1 in 2020.
Waste Dive
May 24, 2023
Research by the Economic Policy Institute found that over the course of the last four decades, the share of younger telecom workers has fallen from around 19% to 7%.
The Fast Mode
May 24, 2023
Mast asserted that strong public opposition stopped deregulation bills in several states. In Virginia, she says, a subminimum wage bill for youth failed due to a public backlash.
But she was under no illusions about the ultimate goal of those advocating for looser child labor laws: “It is about taking us back to the time of economic opportunity for the few and exploitation for everyone else.”
The Progressive Magazine
May 24, 2023
In the last few decades, labor educators like Jennifer Sherer have analyzed child labor issues in other countries. Now, in her work at the Economic Policy Institute, she has been forced to refocus on domestic issues. Proposed legislation rolling back child labor laws “is an emerging and really accelerating trend,” Sherer told Future of the American Child fellows in Cleveland. “This question of how we will or whether we should regulate child labor has never been settled.”
National Press Foundation
May 24, 2023
Right now, the price of food doesn’t reflect any of those factors. In fact, according to an analysis by the nonpartisan Economic Policy Institute, corporate profits accounted for 54 percent of food price increases between 2020 and 2021. For the four decades prior, only 11 percent was attributed to corporate profits, the rest to the cost of labor.
Civil Eats
May 24, 2023
“It’s absolutely the case that many employers prefer tipping to paying adequate straight wages to employees,” Ben Zipperer, senior economist at the Economic Policy Institute, told Insider, adding, “the entire cost is paid for by the customer when workers have to rely on tips for wage increases.”
Business Insider
May 24, 2023
The Economic Policy Institute puts North Carolina’s minimum living wage for one adult and one child as of 2020 at $48,346.
WITN
May 24, 2023
In all, the Economic Policy Institute wrote on Friday that the bill constitutes a “major win” for workers in the state.
Truthout
May 24, 2023
Between 2017 and 2020, more than $3 billion in stolen wages were recovered by the U.S. Department of Labor, state departments of labor (must be nice to have one!), attorneys general, and through litigation, according to the Economic Policy Institute.
Orlando Weekly
May 24, 2023