Other industrialized countries have also seen rising inequality, but the decline in worker power is particularly acute in the United States. From the 1980s to the late 2010s, the labor share of income in the United States—essentially, the percentage of overall income that ends up going to workers—fell by four percentage points, in effect a decline of hundreds of billions of dollars per year. Over the same period, U.S. workers lost key protections: collective-bargaining agreements cover less than 12 percent of workers (and only seven percent of private-sector workers) in the United States, compared with 98 percent in France, 80 percent in Italy, and 56 percent in Germany.
Foreign Affairs
August 20, 2020
CEOs made 320 times more than what their typical worker earned last year, according to a new report from the Economic Policy Institute (EPI), part of a decades-long trend of rapidly growing compensation for corporate America’s top execs.
Yahoo Finance
August 20, 2020
CEO earnings climbed to an average of more than $21 million in 2019 and could potentially still rise this year despite the coronavirus pandemic and its resulting economic downturn, according to a report released Tuesday.
The Economic Policy Institute (EPI), a left-leaning think tank, published a report that found CEO pay reached its highest point in seven years last year. A CEO at one of the top 350 companies in the U.S. was paid an average of $21.3 million — a 14 percent increase since 2018.
The Hill
August 18, 2020
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