This executive order comes as noncompetes are on the rise across the country, with anywhere between 27% and 46% of all private-sector workers subject to the agreements, according to a 2019 survey by the Economic Policy Institute. Though broadly intended to discourage employees from taking trade secrets along with them when they switch jobs, noncompete clauses are increasingly worked into jobs across the economic scale.
LA Times
July 16, 2021
Black workers are especially underrepresented in industries and occupations with the fastest growth in pay. Valerie Rawlston Wilson…[Paywall]
USA Today
July 16, 2021
According to a 2019 report from the Economic Policy Institute (EPI), 31.8% of private-sector businesses that responded to EPI’s survey (a total of 634 respondents were surveyed) reported that all of their employees had to sign a non-compete agreement, regardless of their job duties or compensation. And of the respondents that had an average wage of less than $13.00, 29% of them required all their workers to enter into non-compete agreements.
Forbes
July 16, 2021
For more than three decades, our friends at the Economic Policy Institute have been waging a lonely struggle against the conventional wisdom about the causes of widening inequality. They did not have powerful allies on their side. All they had was reality.
Now, EPI’s research has been vindicated, and is increasingly accepted by mainstream economists. Wage inequality is the result of deliberate suppression of wages, which in turn is the result of a deepening power inequality.
Even better than having reality on their side, EPI economists now have a Democratic administration on their side. Several senior Biden people, including Jared Bernstein and Heather Boushey on the Council of Economic Advisers, are former EPI staffers, and EPI’s insights are at last influencing national policy.
EPI pulled together all of this research in a document called “Unequal Power.”
I recently had a Zoom conversation with former EPI president Larry Mishel, the leader of this research project, along with professors Anna Stansbury of MIT and Suresh Naidu of Columbia University, to discuss the findings. You can watch the interview below:
The American Prospect
July 16, 2021
Union membership has neared all-time lows across the US, while income inequality has widened, according to the Economic Policy Institute, a progressive think tank.
A report from the organisation earlier this year found that the annual median income for a full-time worker is $3,250 less than similar work in 1979 amid declining union enrollment.
The Independent
July 16, 2021
As union membership approaches all-time lows in recorded history, income inequality is now worse than it’s been since the Great Depression, according to the Economic Policy Institute (EPI). Indeed, workers are feeling the effects — an EPI report earlier this year found that the median full time worker is making $3,250 less per year than in 1979 because of declining unionization.
Truthout
July 16, 2021
Each year, minimum-wage violations by California employers sap the state’s workforce of nearly $2 billion in earnings, worsening conditions for the financially vulnerable and dragging down the state’s overall economic health, according to nonprofit think tank the Economic Policy Institute.
WWD
July 16, 2021
“For non-unionized workers, which are the vast majority of workers in this sector, the only source of economic leverage they have with respect to their employers is their implicit ability to quit their job and go find a better one,” Economic Policy Institute economist Heidi Shierholz explained to the media outlet.
Mashed
July 16, 2021
According to the Economic Policy Institute, companies get caught violating federal law in 41.5 percent of all NLRB-supervised elections; another study found that nearly 20 percent of union activists get fired during union election campaigns.
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The PRO Act adds what amounts to a $100,000 civil penalty for any illegal discharge or other serious economic harm to an employee. If such penalties had been in place during the past 10 years, they would have raised as much as $1.8 billion in revenue (per EPI numbers).
Washington Monthly
July 16, 2021