Teresa Ghilarducci is the Schwartz Professor of Economics at the New School for Social Research. She’s the co-author of “Rescuing Retirement” and a member of the board of directors of the Economic Policy Institute.
Bloomberg Quint
November 5, 2021
Join us for this virtual, multi-library event with author Richard Rothstein, Distinguished Fellow at the Economic Policy Institute and a Senior Fellow (emeritus) at the Thurgood Marshall Institute of the NAACP Legal Defense Fund.
Patch.com
November 5, 2021
The average CEO at the nation’s 350 largest public companies was paid about 351 times as much as a typical worker in 2020, according to a report by the Economic Policy Institute, or about $24.2 million on average. The ratio ticked up from a 307:1 ratio in 2019 and a 61:1 ratio in 1989.
Providence Journal
November 5, 2021
But looking at the bigger picture over the last few months shows bargaining power for workers may not last. Heidi Shierholz, president of the Economic Policy Institute, tweeted that “slower job growth in the delta-period has been accompanied by slower wage growth in most industries,” with wages growing faster between May and July than they have between August and October.
Business Insider
November 5, 2021
Josh Bivens, director of research at the Economic Policy Institute, says his preferred measure of how much Americans are earning is the Federal Reserve Bank of Atlanta’s wage growth tracker, which suggests that worker wages increased by 4.2% in September — strong growth, but not enough to keep up with inflation.
CNBC
November 5, 2021
“The pandemic recession disproportionately impacted certain groups,” said Elise Gould, senior economist at the Economic Policy Institute. “The recovery has yet to reach some of those groups that were hardest hit.”
CNBC
November 5, 2021
Once Black women graduate, they can face labor market discrimination that limits how much they earn. A Black woman with a bachelor’s degree was paid $27.76 an hour on average in 2020, according to the left-leaning Economic Policy Institute’s State of Working America Data Library, compared to $44.37 for a white man and $32.02 for a white woman. Black women with advanced degrees were paid $37.55 an hour — nearly $7 less than white men with only a bachelor’s degree.
MarketWatch
November 5, 2021
This, even though, as the Economic Policy Institute pointed out, “Compared with other women in the United States, Black women have always had the highest levels of labor market participation regardless of age, marital status, or presence of children at home.” In fact, working-class white people have benefited most from assistance from the government.
The New York Times
November 5, 2021
“Child care costs constitute a large portion of the income families need in order to achieve a modest yet adequate standard of living—and are particularly onerous for workers paid the minimum wage,” according to research from the Economic Policy Institute, or EPI. “High-quality child care is out of reach for working families.”
NBC News
November 5, 2021
“It was pretty fast wage growth. It was one data point, but we’ll keep an eye on it,” said Josh Bivens at the Economic Policy Institute.
But if employers keep raising wages this much, they could be driven to raise prices, too.
“That sort of wage-price spiral is what worries kind of macro policymakers the most. That’s the genie they don’t want to let out of the bottle,” he said.
NPR Marketplace
November 5, 2021