To be in the top 1% of earners in the US, a family must meet an annual income threshold of $421,926, according to 2018 data from the Economic Policy Institute. But the average annual earnings for these top earners is actually $1,316,985.
Business Insider
March 26, 2021
At the same time, 80% of job losses last year affected the lowest 25% of wage earners – while those in the top half of income-earners actually saw gains in employment, according to a February paper published by the left-leaning Economic Policy Institute.
Fox Business
March 26, 2021
Even so, there is reason for optimism. Celine McNicholas, the director of government affairs at the Economic Policy Institute, a worker-focused policy group, pointed to a recent Gallup poll showing that 65% of Americans approved of labor unions, up from 48% in 2009. According to McNicholas, the number of young people who are pro-union is even higher. “Younger workers have none of the outdated hang-ups,” she told me.
Bloomberg
March 26, 2021
Josh Bivens, the research director at the left-leaning Economic Policy Institute, said he’s a fan of the bill’s provision against states using the aid for tax cuts, saying that he sees it as lawmakers hoping to avoid a similar situation to the drop in public investment across the country following the Great Recession.
“After 2010 we saw huge disinvestment at the state and local governmental level, just huge declines in spending,” Bivens said. “Education spending was kind of flat on a per-pupil basis for almost a decade. I think we really have sort of a decade of disinvestment to make up. So I would like to see in the next four to five years states use this federal aid and try to make up some of that investment deficit.”
The Hill
March 26, 2021
A new paper from the left-leaning Economic Policy Institute showed that 80% of job losses in 2020 were concentrated among the lowest 25% of wage earners, while the workers in the top half of the distribution saw gains in employment.
“It is always true that recessions hit low- and middle-income people harder, but I have never seen anything like this,” said Heidi Shierholz, the institute’s policy director and a former chief Labor Department economist.
Bloomberg
March 26, 2021
A report by the Economic Policy Institute in December 2019 found employers are charged with violating federal law in more than 54% of union elections with large bargaining units and US employers spend roughly $340m annually on consultants who specialize in union avoidance.
The Guardian
March 26, 2021
El desempleo en California se disparó del 4.4 por ciento el 31 de marzo de 2020 al 15.9 por ciento a finales de junio, según el Economic Policy Institute, un grupo de investigación independiente de Washington D.C.
Los Angeles Times
March 26, 2021
A 2020 report from the left-leaning Economic Policy Institute (EPI) looked at how CEO compensation has grown in contrast to workers’ wages. Focusing on “realized” compensation for CEOs – which “counts stock awards when vested and stock options when cashed in rather than when granted” – EPI found that, in 2019, the ratio between CEO pay and the typical worker’s pay was 320-to-1.
Markets Insider
March 26, 2021
Shareholders typically don’t balk at lavish rewards for executives so long as they line up with a company’s performance. In recent decades, payouts have boomed; between 1978 and 2018, CEO compensation grew by more than 1,000%, according to the Economic Policy Institute.
CNN
March 26, 2021