“The ‘Fight for $15’ movement totally reset people’s expectations for what the minimum wage should be,” said David Cooper, a senior analyst for the Economic Policy Institute, a think tank that advocates for higher wages.
Ed Week
November 13, 2019
In the modern workforce, most people who parent infants or young children and work outside the home must effectively split their wage with a caretaker. That might be a daycare center, a nanny, babysitter, or an in-home daycare provider. The average annual cost of such services in Wisconsin is more than $12,000, according to the Economic Policy Institute. That works out to nearly one-fifth of the state’s median household income, or more than half of the income of a family of three living at the federal poverty level.
VolumeOne
November 13, 2019
As to Trump speaking on Black unemployment, surely he will use the rally to lie again, claiming that he had everything to do with the decline in Black unemployment when Black unemployment was already significantly declining under President Barack Obama. Attendees probably shouldn’t expect Trump to talk about the quality of the jobs that Black people are working either, and how despite being employed, Black people are still far more likely to be paid poverty level wages, according to the Economic Policy Institute.
News One
November 13, 2019
In August 2019, the Economic Policy Institute reported that, in 2018, the average pay of CEOs at America’s 350 top firms hit $17.2 million, an increase, when adjusted for inflation, of 1,007.5 percent since 1978. By contrast, the typical worker’s wage, adjusted for inflation, grew by only 11.9 percent over this 40-year period. In 1965, the ratio of CEO-to-worker’s pay stood at 20-to-1; by 2018 (when CEOs received another hefty pay raise and workers received a 0.2 percent pay cut), it had reached 278-to-1.
Eagle Times
November 13, 2019
Executive compensation standards are off the charts for some U.S. execs, with CEOs at America’s largest firms making 312 times the annual average pay of the typical worker, according to a 2017 study by the Economic Policy Institute. And the big paychecks are far from the only perk.
GoBankingRates
November 13, 2019
Jennings’s lament touches on a reality felt across the country. Economic mobility is on the decline, according to a Harvard team of researchers led by economist Raj Chetty. More than 90 percent of children who were born in 1940 grew up to earn more than their parents. Only 50 percent of children born 40 years later will go on to earn more than their parents. But the top one percent is doing better than fine: The average CEO pulled in 312 times as much as the average worker in 2017, up from 20 times as much in 1965, according to the Economic Policy Institute.
Fast Company
November 13, 2019
According to a study by the Economic Policy Institute, CEO pay has increased by 940% since 1978. In the same time, worker pay has increased by 12%.
Pacific Daily News
November 13, 2019
Employees who have manufacturing technology skills are incredibly valuable and compensated accordingly. A recent Economic Policy Institute paper notes manufacturing workers earn 13 percent more in hourly compensation (including both wages and benefits) than comparable workers in the rest of the private sector. Other studies point to similar compensation advantages.
Fox Business
November 13, 2019
One other observation: Employee participation in 401(k)-type plans is much more unequal than in traditional plans. The union-oriented Economic Policy Institute reported in 2016 that 68% of households in the top 20% of the income ladder had 401(k) plans, but only 4% of those in the bottom 20% of income. By contrast, 27% of the top fifth and 6% of the bottom fifth had defined benefit pensions. Munnell and Biggs gloss over this imbalance, as we’ll see.
Los Angeles Times
November 13, 2019