According to an independent analysis conducted by the Economic Policy Institute, the Raise the Wage Act would increase wages for nearly 32 million Americans, including roughly a third of all Black workers and a quarter of all Latino workers. More than half of those who would benefit would be women.
Rep. Alma Adams
February 4, 2021
Executive compensation. Executive compensation is already a contentious issue in many jurisdictions where investors are voting for “say on pay” proxy resolutions and against egregious pay packages for underperforming CEOs. However, when it comes to economic inequality, the issue of executive compensation is less about a few outliers and more about a widening gap between executives and average workers. Quoting from the Economic Policy Institute: “From 1978 to 2018, CEO compensation grew by 1,008%; the compensation of a typical worker, meanwhile, rose just 12%. The ratio of CEO-to-worker compensation was 278-to-1 in 2018—far greater than the 20-to-1 ratio in 1965.” In addition to issues related to general socioeconomic inequality, very little of this increase in executive pay has accrued to BIPOC families, serving to widen the racial wealth gap. For example, per the COQUAL, Black people account for only 3.2% of senior leadership roles at large companies in the US and less than 1% of Fortune 500 CEO positions, versus about 12% of the total population.
Chief Investment Officer
February 4, 2021
The jump would give nearly 32 million American workers a raise, according to the Economic Policy Institute, a left-leaning research group. A 2019 report from the Congressional Budget Office showed about 27 million Americans could see increased wages, and 1.3 million would be lifted out of poverty.
CNBC
February 4, 2021
“Esto es debido en gran parte a mucha discriminación histórica”, dijo David Cooper, analista económico de EPI a CNBC. “También se debe a lo que los economistas se refieren como segregación ocupacional”.
Noticias Ya
February 4, 2021
The jump would give nearly 32 million American workers a raise, according to the Economic Policy Institute, a left-leaning research group. A 2019 report from the Congressional Budget Office showed about 27 million Americans could see increased wages, and 1.3 million would be lifted out of poverty.
CNBC
February 4, 2021
“Esto es debido en gran parte a mucha discriminación histórica”, dijo David Cooper, analista económico de EPI a CNBC. “También se debe a lo que los economistas se refieren como segregación ocupacional”.
Noticias Ya
February 4, 2021
But as recent estimates from the Economic Policy Institute, the Brookings Institute, and Groundwork Collaborative find, the economy will continue to struggle in the next two years without a substantial spending package.
Roosevelt Institute
February 3, 2021
The coronavirus pandemic has devastated the hospitality industry, including hotels and those who work in them.
Many who have been impacted are Black and Brown women. Before the pandemic, 14.6% of all Latina workers in the U.S. worked in the hospitality sector, according to the Economic Policy Institute.
WTTW
February 3, 2021
Over the past decades, since the 1980s, the gap between productivity and real earnings has increased. In the 1979–2018 period, productivity has grown about six times more than wages. (Economic Policy Institute, 2019) More people today are less wealthy, less happy, and mostly underemployed or unemployed. Ownership of assets is limited to the wealthy, scantier class. In the United States, homeownership that was once common is on a decline. Other forms of non-ownership, such as rent, are much prevalent.
Medium
February 3, 2021
An Economic Policy Institute paper out today backs up Reich’s research. It creates a range of savings across three categories: government expenditures on major safety net programs, increases to FICA revenue, and reductions in spending on the Earned Income Tax Credit and Child Tax Credit. The range falls between $27 billion and $65 billion; the top end is consistent with Reich.
The American Prospect
February 3, 2021