Research by the Economic Policy Institute reveals how companies use H-1Bs for a discount of up to 34 percent of the market rate for software developers, a major boon to employers. They also benefit from the labor discipline that comes from the burdensome process and deportation risks when an H-1B visa holder wants to switch jobs.
Jacobin
August 18, 2020
The teaching profession was in crisis well before the pandemic. Concern about professional development, pay and stressful work environments have led to high turnover and a shortage of 110,000 teachers, according to a 2019 report by the Economic Policy Institute, a nonprofit think tank. The average teacher makes $57,900, according to the U.S. Department of Education.
Bloomberg Quint
August 18, 2020
Christian E. Weller: Prior to joining the Center, he was on the research staff at the Economic Policy Institute, where he remains a research associate.
Center for American Progress
August 18, 2020
And it’s not just Bezos and the bunch who have seen fortune smile upon them lately. CEO compensation, overall, climbed to its highest level in seven years last year, and it is positioned to rise once again in 2020, according to an Economic Policy Institute study cited by the Washington Post. In fact, the pay ratio between chief executives and workers at America’s 350 biggest companies has widened to 320-to-1, the researchers found.
MarketWatch
August 18, 2020
“Even before COVID-19, teachers were leaving the profession in droves,” she explained, citing a report from the Economic Policy Institute. The shortage is looking “dire” she said, noting that she thought states would be panicking.
Raw Story
August 18, 2020
New research published Tuesday by the Economic Policy Institute shows that the top executives at the largest corporations in the United States now make 320 times more than what their typical employees earn in wages and benefits.
EPI’s latest annual analysis of executive compensation finds that the CEOs of the top 350 firms in the U.S. raked in an average of $21.3 million in 2019, a 14% increase from 2018. The 320-1 ratio of CEO-to-worker pay in 2019 is more than five times higher than the 61-1 ratio reported in 1989.
Common Dreams
August 18, 2020
In fact, even that chillingly low number is misleading, because in many traditionally poorer groups — Hispanic, Black, unmarried, and non-college-educated Americans — “the typical working-age family or individual has no savings at all in retirement accounts,” according to a study by the Economic Policy Institute.
New York Daily News
August 18, 2020
Sen. Bernie Sanders claimed that raising the federally required minimum wage to $15 an hour would “give 40 million workers a pay raise and push the wage scale up for everyone else.” That’s debatable, and ignores the likelihood that many low-wage workers would find themselves priced out of the job market.
Sanders is once again citing a statistic generated by the Economic Policy Institute, which has backing from labor unions and advocates the $15 wage proposal. But the nonpartisan Congressional Budget Office projects a much less dramatic impact, and some probable costs.
FactCheck.org
August 18, 2020
A survey from the Economic Policy Institute found that just under half of companies reported requiring at least some of their employees to enter non-compete agreements, while roughly a third reported that all employees were required to enter into a non-compete agreement.
Cheddar
August 18, 2020