According to the Economic Policy Institute, the compensation for CEOs have grown by 1,322% since 1978. At the same time, the compensation for a typical worker has grown 18%. This kind of gap cannot be unnoticed and we should discuss why such inequality exists today.
Industry Week
November 19, 2021
Elise Gould, senior economist at the Economic Policy Institute, said it’s “stunning” that from August to September, this sector nearly doubled in quit rate, although she cautioned that part of it may be statistical noise that may be revised in the coming months.
Business Insider
November 19, 2021
By that standard, less than 11 percent of Pennsylvania families can afford infant care, which the Economic Policy Institute said costs an average of $987 per month, or $11,842 a year. The cost of care for a 4-year-old is nearly as high, at $9,733 per year.
The Daily News
November 19, 2021
The Commonwealth Institute used the Economic Policy Institute’s family budget calculator to determine the income needed for a “modest yet adequate” standard of living. The Economic Policy Institute takes into account housing, food, transportation, taxes and other necessities such as clothing, phone service, reading materials and furniture.
The Virginian-Pilot
November 19, 2021
A number of states, including Florida, California, Illinois and New York, have also vowed to raise the minimum wage to $15 an hour to address worker concerns. Ben Zipperer, an economist at the Economic Policy Institute, estimated that over the next few years, four in 10 workers will live in states with a $15 minimum wage.
Newsweek
November 19, 2021
While the national unemployment rate is down to 4.6% as of October, that’s not true for all groups, according to estimates for the third quarter from the left-leaning Economic Policy Institute, a Washington, D.C.-based think tank. Black workers still face double-digit unemployment in Illinois (10.8%) and California (10.4%), and Hispanic unemployment in New York is 10.7%.
Pew Charitable Trust
November 19, 2021
“The 10-year budget window is always a little artificial and arbitrary. … With climate change, it makes it almost impossible,” said Josh Bivens, director of research at the Economic Policy Institute.
E&E News
November 19, 2021
As the Economic Policy Institute has shown, these Minneapolis Fed studies have multiple flaws. For example, they fail to take into account the pandemic. Unemployment claims in the third week of March 2020 went up over 2,700% from the week before, yet the Fed chose to include the first three months of 2020 in their analysis. The vast majority of the full-service restaurant job losses that the study attributes to the Minneapolis minimum wage increase occurred during the pandemic and racial justice protests in 2020.
StarTribune
November 19, 2021
According to a report from the Economic Policy Institute, increasing wages can also reduce racial pay inequality. Data from 2019 shows that Hispanic workers are paid 11 percent less than their white counterparts, and Black workers are paid nearly 15 percent less than their white counterparts.
TMJ-4
November 19, 2021
One answer is they’re clearly earning more: Data from the Economic Policy Institute shows a “V-shaped” wage curve that began in April 2021 has translated into a near 5% year-over-year jump in average hourly earnings. But most, if not all, of that money is being eaten up by spiking prices (over 6%, as per the latest consumer price index figures) across sectors and products.
Yahoo Finance
November 19, 2021