San Francisco voters embraced this tax at a time when CEO compensation is surging. A study published by the Economic Policy Institute found that chief executive compensation rose 14 percent in 2019 to $21.3 million. Chief executives now earn 320 times as much as a typical worker.
NBC News
November 6, 2020
Unprecedented conditions: Eight months after the pandemic began to tear through the U.S. economy, layoffs – which are roughly in line with new unemployment filings – are still at historically high levels. “Last week was the 33rd straight week total initial claims were far greater than the worst week of the Great Recession,” said Heidi Shierholz of the Economic Policy Institute.
The Fiscal Times
November 6, 2020
Terri Gerstein of the Harvard Labor and Worklife Program and Economic Policy Institute told CNN Business that the result will “leave thousands of California workers in a precarious and perilous position.” Companies like Uber, meanwhile, are now confident they can win labor battles in other states, too.
CNN
November 6, 2020
A 2018 Economic Policy Institute study, which used Uber administrative data, showed that after calculating Uber’s commissions, fees, a driver’s vehicle expenses, and the cost of a modest health insurance package, Uber drivers earn on average $9.21 or less. That’s slightly above the national minimum wage of $7.25 an hour, which has not changed in a decade.
Salon
November 6, 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
Reuters
November 6, 2020
By the numbers: Expect 5.3 million workers to lose their jobs by the end of 2021 if state and local governments don’t get a bailout, per the Economic Policy Institute.
Those jobs are in dense urban centers — the engine of the national economy. If that engines start to sputter, the whole country is likely to fall into a recession.
McConnell and the Republicans are convinced that state and local governments are simply using the coronavirus as an excuse to get bailed out of their overspending ways. There’s no way McConnell will finance a local-government rescue via a Biden-backed spending bill.
Axios
November 6, 2020
“Last week was the 33rd straight week total initial” jobless benefit “claims were far greater than the worst week of the Great Recession,” Economic Policy Institute Policy Director Heidi Shierholz commented.
People’s World
November 6, 2020
Unprecedented conditions: Eight months after the pandemic began to tear through the U.S. economy, layoffs – which are roughly in line with new unemployment filings – are still at historically high levels. “Last week was the 33rd straight week total initial claims were far greater than the worst week of the Great Recession,” said Heidi Shierholz of the Economic Policy Institute.
The Fiscal Times
November 6, 2020
San Francisco voters embraced this tax at a time when CEO compensation is surging. A study published by the Economic Policy Institute found that chief executive compensation rose 14 percent in 2019 to $21.3 million. Chief executives now earn 320 times as much as a typical worker.
NBC News
November 6, 2020