The disparity in wage growth is also visible in newly released data for 2018, according to the Economic Policy Institute. The top 1% of earners now make nearly 158% more than they did in 1979, while those in the top 0.1% are raking in 341% more, EPI found.
CBS Moneywatch
January 2, 2020
Especially notable was what was not mentioned—such as limiting the ratio of CEO to worker pay. Back in 1965, the Economic Policy Institute (EPI) reports, CEOs in the US earned 20 times what the average worker did; now, conservatively speaking (the number can be higher depending on how one evaluates the value of stock options), they earn over 200 times what the average worker earns. Thea Lee, who leads EPI, at the conference called for passing the Protecting the Right to Organize (PRO) Act to empower labor unions. Any chance the Business Roundtable would lobby for that? No one asked.
Nonprofit Quarterly
January 2, 2020
When you consider the staggering cost of infant care in the U.S., it’s easy to see why. In my home state of New Jersey, for example, families spend an average of $12,988 a year hiring caretakers for their newborns, the Economic Policy Institute found. That’s just hundreds of dollars shy of in-state tuition for a four-year public college, and would eat up 62% of the annual income for a minimum-wage worker.
Bloomberg
January 2, 2020
“I’m not enthusiastic about it,” Monique Morrissey, an economist focused on retirement security at progressive think tank Economic Policy Institute, tells CNBC Make It.
CNBC
January 2, 2020
That’s not to say labor loves the deal: The Economic Policy Institute, a union-backed think tank, called USMCA “weak tea at best.”
Quartz
January 2, 2020
A recent study by the Economic Policy Institute discovered 50 percent of U.S. businesses ask at least some of their employees to sign noncompete agreements. Such agreements put constraints on the positions employees can take or companies they can work for down the road, if they’ve left their current employer.
Buffalo Business First
January 2, 2020
The unions also now employ significantly more minority workers than they did 10 or 15 years ago, largely thanks to training and apprenticeship programs developed by Coletti and others. In 2015, black, Latino and other minority workers made up 55 percent of union construction employees, according to data collected by the Economic Policy Institute. On the non-union side of the construction industry, minority workers comprised 75 percent of those employed on job sites.
Commerical Observer
January 2, 2020
“This is a terrible way to do tax policy,” said Hunter Blair, tax and budget analyst at the progressive Economic Policy Institute. “If any of these provisions are supposed to be good tax policy, they should be made permanent.”
The Wall Street Journal
January 2, 2020
Mandatory arbitration agreements require employees to submit claims of harassment to private — and typically secret — arbitration. Such clauses have played a key role in shielding workplaces where employees have made high-profile allegations of sexual harassment, such as Fox News, from public accountability. The left-leaning Economic Policy Institute estimates that more than half of all nonunion private-sector employers now have mandatory arbitration procedures. More on mandatory arbitration from Bloomberg Law.
Politico
January 2, 2020