A recent report from the nonprofit Economic Policy Institute found widespread evidence of what Petri is talking about. The average cost of infant care in Minnesota is more than $1,300 per month. That’s more than in-state tuition for a four-year public college. It’s also about 30 percent more than the average rent.
MPR News
February 19, 2020
According to a 2019 report from the Economic Policy Institute, CEO salaries have risen 940% since 1978, while pay for the average worker has grown only 12% over the same timeframe. The overall ratio of CEO pay (including stock options) to average worker compensation stands at about 278 to one. Report coauthor Lawrence Mishel also pointed out that the growth in CEO salaries has not corresponded to an increase in executive productivity. “CEO compensation has risen far faster than profits,” Mishel told Capital & Main.
Fast Company
February 19, 2020
It is worth noting this isn’t unique to Big Law. Business owners typically benefit from profit increases, and CEO compensation in the U.S. has vastly outgrown employee wages. CEOs of the 350 largest publicly traded companies made 278 times their average employees’ salary in 2018, up from 58 times in 1989, according to the Economic Policy Institute.
Bloomberg Law
February 19, 2020
Several items reported by other sources should cause more concern for unionized employers, especially those with contracts expiring in 2020. First, Bloomberg reports that almost 90 percent of work stoppages occur in workplaces with fewer than 1,000, and the number of work stoppages in 2019 was almost as high as 2018 (which had the highest level since 2012). Second, the Economic Policy Institute suggests that the large number of strikes – despite a general decrease in the number of unionized workers to the lowest level since BLS started tracking the statistic in 1983 to about 10.2 percent of the US workforce – is in part because employees are not as afraid for their jobs because of low unemployment rates.
JD Supra
February 19, 2020
But despite the 1954 landmark ruling in Brown v. Board of Education, the nation’s schools remain heavily segregated by race and ethnicity, according to an instructive brief published by Economic Policy Institute (EPI) to highlight education issues for Black History Month.
The Progressive Pulse
February 19, 2020
Sen. Bernie Sanders, I-Vt., does indeed have ambitious spending plans. The key thing people should realize, however, is that these plans are largely not introducing new costs on American families. Instead, they’re rearranging current costs already baked in, with an aim to managing them more fairly and efficiently.
USA Today
February 19, 2020
“It’s well understood that income inequality is a severe problem in this country, and there are lots of different forms of income inequality,” said Ben Zipperer, an expert with the Economic Policy Institute. “And, one of those forms is that people at the bottom of the income distribution aren’t being paid enough or it’s difficult for them to find jobs to sustain themselves and their families throughout the entire year.”
Zipperer, along with Jesse Rothstein from the Institute for Research on Labor and Employment at the University of California, Berkeley, recently published a report with the Economic Policy Institute exploring how minimum wage and the EITC may work together to alleviate poverty.
“Because it is a large problem, you kind of want to look at as many policies as possible that we gave,” Zipperer said. “You want to have as many arrows in the quiver as possible, in order to attack that problem and reduce it.”
CardRates.com
February 18, 2020
FRANKFORT, Ky. — Kentucky lost nearly 47,000 jobs between 2001 and 2018 because of the ongoing trade deficit with China, according to a new report from the Economic Policy Institute.
Public News Service
February 13, 2020
FRANKFORT, Ky. — Kentucky lost nearly 47,000 jobs between 2001 and 2018 because of the ongoing trade deficit with China, according to a new report from the Economic Policy Institute.
Public News Service
February 13, 2020