According to the Economic Policy Institute, “Work hours are highly unequal. Millions of people want to work more hours to earn more income while others want to work less to achieve a healthier work/life balance. A 32-hour workweek will directly help those trying to achieve greater work/life balance, while freeing up hours that can be picked up by involuntarily part-time workers. In addition to that, shorter workweeks have important environmental benefits. Reducing Americans’ average workweek is a key step towards achieving a better society.”
Banning-Beaumont Patch
August 13, 2021
Before the pandemic, American workers’ yearly average raises were around 3%. They are gradually making their way back to pre-pandemic rates, though one group was the exception and saw huge pay bumps throughout the most difficult part of the recession: CEOs’ compensation went up by 16% in 2020, compared to 1.8% for the average worker, according to data from the Economic Policy Institute.
Money
August 13, 2021
This week’s second blockbuster report arrived Tuesday, sans the thunderclap. Few media outlets chose to give this second study — the Economic Policy Institute’s latest look at U.S. CEO pay — any high-profile real estate.
Inequality.org
August 13, 2021
A new report from researchers Lawrence Mishel and Jori Kandra the Economic Policy Institute has the latest disturbing news about the way our nation continues to allow a narrow class of plutocrats to make off with a vast portion of its wealth.
The report finds that, even compared to the other members of the top 0.1%, American CEO’s are making off like bandits.
The Progressive Pulse
August 13, 2021
The Economic Policy Institute recently compiled research looking at compensation packages of top executives finding that the wage gap between the typical employee and company leaders is massive. During that same time period, the report found that the average worker only saw their compensation grow by 18%.
Ladders
August 13, 2021
Janine Jackson interviewed Economic Policy Institute’s David Cooper about the “we all quit” phenomenon for the August 6, 2021, episode of CounterSpin. This is a lightly edited transcript.
Joining us with a different angle is David Cooper, senior economic analyst at the Economic Policy Institute, and deputy director of EARN, the Economic Analysis and Research Network, a national network of state-level policy research and advocacy organizations. He joins us now by phone. Welcome to CounterSpin, David Cooper.
FAIR Counterspin
August 13, 2021
Since the late 1960s, wages have made up an increasingly smaller share of the US’s gross domestic product, even as the economy grew. In the meantime, CEO pay has grown by 1,322% between 1978 and 2020, according to a report from the left-leaning Economic Policy Institute.
Business Insider
August 13, 2021
Some wage inflation for workers is fine, according to Josh Bivens at the Economic Policy Institute.
“People are going out to restaurants again, and wages and employment are both rising. And until we see evidence that the fast wage growth is like choking off employment growth, I think we just have to say, ‘That’s really good. Restaurant workers actually have some bargaining power they traditionally do not have,’” Bivens said.
Marketplace
August 13, 2021
According to the National Educational Association, Kentucky ranks 42nd in the nation for starting salaries, with new teachers averaging about $37,000 per year. The overall salary for educators is a little better, at nearly $54,000 per year, but teachers are still only making 78 cents for every dollar someone with similar education and experience in a different field can make, according to the Economic Policy Institute.
Salaries aren’t the only point of contention for Kentucky teachers. According to the Economic Policy Institute, teachers in Kentucky on average spend more than $400 of their own money every year to provide supplies for their students and classrooms.
WHAS 11
August 13, 2021
The use of arbitration clauses in employment agreements has increased dramatically in the last 20 years, from only 2% of workers subject to forced arbitration in 1992 compared with 56% in 2018, according to a study from the Economic Policy Institute. The left-leaning think tank projects that this number will increase to 80% by 2024.
Bloomberg Law
August 13, 2021