For Corporate America, CEOs were paid 351 times as much as a typical worker in 2020, a report by the Economic Policy Institute showed.
Reuters
January 7, 2022
“The hope is that we shore it up in the long run so if something like this happens again, we won’t be in the same situation,” Elise Gould, an economist at the liberal-leaning Economic Policy Institute, said. “The pandemic only worsened the outcomes of what’s already in existence.”
Politico
January 7, 2022
“Accommodations and foods services continues to be a key sector to watch. While job openings decreased in November, hires held steady as quits continued to rise. Hiring remains higher than quits, suggesting that some who quit may be finding better opportunities within the sector,” wrote Elise Gould, a senior economist with the progressive Economic Policy Institute.
Fortune
January 7, 2022
Features Margaret discussing report, Unions are not only good for workers, they’re good for communities and for democracy.
Union City Radio
January 7, 2022
Caroline Hyde, Romaine Bostick & Taylor Riggs bring the news and analysis you may have missed after the closing bell on Wall Street. Today’s show tackles what to expect from jobs day Guests Today: Elise Gould of the Economic Policy Institute, Adam Ozimek of Upwork
Bloomberg TV
January 7, 2022
In total, 25 states will see boosts to their minimum hourly pay requirement in 2022, according to data from the Economic Policy Institute and the National Conference of State Legislatures. Four states—Oregon, Florida, Nevada, and Connecticut—will phase in their increases later in the year.
Bloomberg Law
January 6, 2022
According to an analysis conducted by the Economic Policy Institute in October, the slate of policy proposals in the Build Back Better Act combined with the bipartisan infrastructure package would have supported four million jobs annually.
Common Dreams
December 23, 2021
Recent research from the Economic Policy Institute shows farm workers are among the lowest-paid workers in the U.S. workforce, earning $14.62 per hour on average in 2020, which is just 60% — or three-fifths — of what production and non-supervisory, non-farm workers earned at $24.67.
Daily News
December 23, 2021
Most economists expect both inflation and wage inflation specifically to continue rising in 2022, Challenger said. But inflation, even if it remains elevated, is expected to moderate eventually. “It doesn’t mean it’s going to be two months, it could be a year. But it is not going to be, you know, 4 or 5% a year for the next five years,” Lawrence Mishel, a distinguished fellow at the Economic Policy Institute, recently told CNBC.
CNBC
December 23, 2021
Pennsylvania’s current wage of $7.25, which is tied to the federal minimum wage, hasn’t been raised for more than a decade, despite repeated calls by Wolf and his Democratic allies in the General Assembly. In the meantime, all six of Pennsylvania’s neighboring states have higher minimum wages, according to data compiled by the Economic Policy Institute.
Pennsylvania Capital-Star
December 23, 2021
Pay in the median employee category also fell 2% in 2020, compared to the year before. The Economic Policy Institute found, however, that overall CEO pay nationally increased by an average of $3.8 million.
Ohio Capital Journal
December 23, 2021
As of August, there were 16 states where tipped workers earn the federally mandated $2.13 minimum wage, according to the Economic Policy Institute (EPI). For other workers, the federal minimum wage is $7.25.
Common Dreams
December 23, 2021
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
December 23, 2021
The COVID-19 pandemic has only amplified teachers voicing their concerns about being undervalued and overworked. While teachers aren’t the only ones leaving at a higher rate during the pandemic, they experience some of the most severe and unique problems. To start, they are already paid less than other college graduates: According to the Economic Policy Institute, the teacher pay penalty — the percentage difference between teachers and other college-educated workers — is almost 19%.
South Bend Tribune
December 23, 2021
According to a study conducted by the Economic Policy Institute, for every 10 people who said they successfully filed for unemployment benefits between March 22 and April 18, 2020, three to four additional people tried to apply but could not navigate through the system to file a claim. Further, two additional people for every 10 successful filers did not even try to apply because it was too difficult to do so. Even more recently, backlogs in application processes for affordable housing programs have made headlines, with millions of dollars available to help individuals in need, but distribution of those funds lagging.
GCN
December 23, 2021
Even before the onset of the COVID-19 health crisis, childcare in Seattle and statewide was expensive and hard to come by. The Economic Policy Institute ranked Washington the ninth least affordable state for child care in 2019. Right now, childcare costs Washington families almost $8,000 more per year than in-state tuition at our public colleges. And that’s if you can even find childcare. At the presser, Mosqueda described Seattle as a “childcare desert.”
The Stranger
December 23, 2021
Internal documents on worker wages at outsourcer HCL Technologies, a leading provider of IT contract workers, are central to the allegations in the report from the left-leaning Economic Policy Institute, based on documents obtained via a federal government whistleblower lawsuit against HCL in a federal court in Connecticut.
Seattle Times
December 23, 2021
HCL Technologies, based in India, wields the H-1B skilled-worker visa as a way to undercut competition and find the cheapest workers, according to the study by the Economic Policy Institute.
News Nation Now
December 23, 2021
In Oregon alone, Amazon has four warehouses, from Troutdale to Hillsboro. Oregon also has provided Amazon with more than $342 million in subsidies in recent years, rewarding one of our nation’s most profitable companies with lucrative tax breaks. While lawmakers may view this exchange as beneficial for Oregon’s economic growth, research shows that’s not the case. A report by the Economic Policy Institute found the opposite — states have more to lose by offering Amazon tax incentives to bolster job creation.
The Register-Guard
December 23, 2021
The even bigger picture: Since 1978, the Economic Policy Institute reported earlier this year, CEOs at major U.S. corporations have now realized, after inflation, a pay hike of a whopping 1,322 percent. The typical worker earnings bump over the same four-plus decades: just 18 percent.
Inequality.org
December 23, 2021
More money is stolen each year in wage theft than in property crimes.
A 2017 report by the Economic Policy Institute suggests that “the total wages stolen from workers due to minimum wage violations exceeds $15 billion each year,” per The Guardian. That’s more than the value of stolen goods in all property crimes, according to the latest FBI statistics.
The Center for Public Integrity
December 23, 2021
“The thing that we really need to be careful about is making sure that we are sufficiently measuring what that really means,” said Valerie Wilson, Director of the Economic Policy Institute’s Program on Race, Ethnicity, and the Economy.
KIRO
December 23, 2021
Black men, for instance, are paid just $0.71 for every dollar paid to white men, the Economic Policy Institute reported in 2020.
Business Insider
December 23, 2021
In a free market economy, governments can be lobbied or influenced to set, or not set, regulations and rules. For example, the federal government, through its inaction on the federal minimum wage law, in part, has traditionally created a lack of mobility for employees on the lower end of the labor market. Unwittingly, now, that inaction on the federal minimum wage is creating mobility for employees working at or around the minimum wage. Throughout history, Congress has raised the minimum wage only 22 times. The current level, at $7.25 an hour, was set in 2009 and has not kept up with real economic growth (as noted by the Economic Policy Institute).
Forbes
December 23, 2021
“The quits are people who are quitting their job to take another job,” Heidi Shierholz, president of the Economic Policy Institute, a nonprofit think tank and a former Labor Department economist in the Obama administration, told Nightly.
Politico
December 23, 2021
The problem is, historically it’s not clear that there has been a labor shortage in tech. Skeptics point to the fact that median wages in the sector haven’t increased everywhere in the country, or all that dramatically. “What happens when there’s something in short supply?” said Ron Hira, an associate professor of political science at Howard University and research associate with the pro-labor Economic Policy Institute (EPI). “You have a price mechanism. In this case, it would be wages. So, anything in shortage you’d see wages going through the roof.” The fact that there haven’t been dramatic wage spikes, he says, suggests that claims of labor shortages in the U.S. are overblown.
Politico
December 23, 2021