A study published by the Economic Policy Institute found that CEO compensation rose 14 percent in 2019 to $21.3 million. Chief executives now earn 320 times as much as a typical worker.
Corporate Secretary
November 9, 2020
And the sheer number of unemployed workers is still overwhelming. Economist Heidi Shierholz of the Economic Policy Institute noted that the economy is still roughly 10 million jobs shy of the employment level in February, before the pandemic took hold. About 1.3 million of those lost jobs are in state and local governments, mostly in education.
The Fiscal Times
November 9, 2020
According to the Economic Policy Institute, a nonprofit, nonpartisan think tank based in Washington, D.C., child care for infants, the most expensive age group to provide care for, costs New Hampshire families an average of $12,791 per year, or $1,066 per month.
NH Business Review
November 9, 2020
“The primary obstacle to a higher minimum wage throughout the country is Republican control of legislatures,” said David Cooper, senior economic analyst with the Economic Policy Institute, a non-profit think tank.
“Any time this question is put before voters, they overwhelming say they want a higher minimum wage,” he told the Thomson Reuters Foundation.
Christian Science Monitor
November 9, 2020
That prospect looms even as the COVID-19 pandemic has only made health coverage, and therefore the ACA, “more important than ever” says Parke-Sutherland. The Economic Policy Institute in Washington, D.C., has estimated at least 16 million Americans lost health coverage as a result of being unemployed because of the pandemic, including an estimated 264,000 in Wisconsin between March 15 and May 9 of this year.
Wisconsin Examiner
November 9, 2020
According to Pew Research the average wage of the American worker has the same purchasing power as it did in 1978, adjusting for inflation. Wages have remained the same, yet worker productivity has increased by over 60% in the same time period, according to the Economic Policy Institute.
The Maneater
November 9, 2020
“A surge in the virus also dampens job-seeker interest in opportunities that aren’t remote. Getting the virus under control is the only path to a full economic recovery,” Konkel said.
All of that means “stimulating the economy to create jobs is crucial,” said Heidi Shierholz, senior economist and director of policy at the nonprofit Economic Policy Institute. “Extending the unemployment insurance provisions of the CARES Act and providing fiscal aid to state and local governments could alone create or save millions of jobs over the next year.”
NBC News
November 9, 2020
According to nonprofit think tank the Economic Policy Institute, Black workers are twice as likely to be unemployed as white workers overall (6.4% vs. 3.1%), and Black workers with a college degree are more likely to be unemployed than similarly educated white workers (3.5% vs. 2.2%). While employed, Black workers with a college or advanced degree are more likely than their white counterparts to be underemployed when it comes to their skill level. Almost 40% are in a job that typically does not require a college degree, compared with 31% of white college grads.
New Orleans City Business
November 9, 2020
Under the new law, any company whose CEO earns 100 times more than their average worker will pay an extra 0.1% surcharge on its annual business tax payment. If 200 times more, the surcharge increases to 0.2%, if 300, the top executive gets a 0.3% surcharge, and so forth. On average, top U.S. executives are paid 320 times more than an average worker, according to a recent Economic Policy Institute study.
Next City
November 9, 2020
During in-person classes, students can better understand course content because they’re in a better learning environment. In-person classes also allow students to get to know their professors and other peers on a face-to-face basis, providing them the opportunity to build relationships and friendships, according to the Economic Policy Institute.
Marquette Wire
November 9, 2020