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
America’s leading CEOs got paid 14 percent more on average in 2019 — and their paychecks could grow again this year even amid the coronavirus pandemic, researchers say.
The chief executives at the top 350 US companies by sales raked in an average of $21.3 million last year, up from about $18.7 million in 2018, according to a Tuesday report from the Economic Policy Institute.
New York Post
August 18, 2020
Fueled by a surging stock market, CEO compensation climbed to its highest level in seven years last year and could be poised to rise again in 2020, despite the widespread layoffs and pay cuts of the coronavirus recession.
The Economic Policy Institute, a left-leaning think tank, found that chief executives of America’s 350 largest companies earned an average of $21.3 million in realized compensation in 2019, setting the ratio of CEO-to-worker pay at 320-to-1, up from 293-to-1 in 2018 and more than five times higher than the 61-to-1 ratio in 1989.
Washington Post
August 18, 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
Features interview with Valerie Wilson.
KTVU-TV
August 17, 2020
According to the Economic Policy Institute, every year teachers spend nearly $460 out their own pockets for school supplies. Because many schools will start the year distance learning, the needs this year are a bit different.
WJLA
August 17, 2020