Robber barons become rich through ruthless and unscrupulous business practices. Members of both political parties have served and continue to serve their interests. In 2019, the Economic Policy Institute reported “CEO compensation had grown 940% since 1978 and a typical worker compensation had risen only 12% during that time.” This inequity was made possible by politicians who, in exchange for corporate money to fund their campaigns and line their pockets, disemboweled the federal and state tax laws, as well as environmental regulations, etc.
The Herald Times
December 22, 2021
The Economic Policy Institute, a think tank, estimates that a four-person household had to earn $97,547 a year to live in the San Diego/Carlsbad metro area in 2017. Under that same scenario, both parents would need to make $28.30 an hour, according to the Massachusetts Institute of Technology’s living wage calculator.
Voice of San Diego
December 22, 2021
According to the Economic Policy Institute, in the United States between 1978 and 2018, CEO compensation grew by 940 per cent, while the wages of a typical worker grew by only 12 per cent.
Prince George Citizen
December 22, 2021
A study issued Dec. 9 by the Economic Policy Institute shows that even in the tech sector, immigrants are paid less than their U.S. counterparts, though federal law says that’s not supposed to happen.
Crux
December 22, 2021
Shutdowns, for example, pushed people toward spending on goods instead of services, according to Josh Bivens at the Economic Policy Institute.
Marketplace
December 22, 2021
As of November, 15.6 million workers in the US are still being affected by the pandemic’s economic downturn; 3.9 million US workers are out of the labor force due to Covid-19, 6.9 million workers are still unemployed, 2 million workers are still experiencing cuts to pays or work schedules due to Covid-19, and another 3 million workers are misclassified as employed or out of the labor force, according to the Economic Policy Institute.
The Guardian
December 22, 2021
Internal documents on worker wages at outsourcer HCL Technologies, a leading provider of IT contract workers, are central to the allegations in the report from the left-leaning Economic Policy Institute, based on documents obtained via a federal government whistleblower lawsuit against HCL in a federal court in Connecticut.
The Mercury News
December 22, 2021
“That drop in unemployment is in part because people are getting jobs, but also in part because people are leaving the labor force,” Elise Gould, senior economist at the Economic Policy Institute told the nonprofit news website The19th.
BET
December 22, 2021
Economic Policy Institute (EPI) distinguished fellow Lawrence Mishel—the group’s former president—and research assistant Jori Kandra looked at the Social Security Administration’s newly available wage data for 1979 to 2020.
Common Dreams
December 22, 2021
A quick glance at the workshop’s speakers and agenda makes clear that the current FTC and DOJ appear to favor labor as a political interest group over the efficient functioning of labor markets free of anti-competitive restraints. There was discussion around the “problem” of employer power in the absence of market concentration (in universities of all places!), the need for collective bargaining rights for gig workers, and why restraints on worker mobility were bad. The speakers included the Assistant Secretary of Treasury discussing wage stagnation, the Assistant Secretary of Labor discussing worker protections, and the president of the Economic Policy Institute, a labor union think tank. One entire session was devoted to hearing from the representatives of labor unions.
JD Supra
December 22, 2021