Price has been hailed as one of the most generous employers in recent memory. His move comes at a time when CEO pay has grown by a staggering 940% from 1978, while workers’ pay has risen by only 12% within the same period, the Economic Policy Institute reports.
Human Resources Director
September 30, 2019
In 2018, CEOs earned $278 for every $1 a typical worker earned, according to a recent study from the left-leaning Economic Policy Institute. In 1965, top corporate chiefs earned $20 for every dollar a typical worker earned, the study found.
CBS News
September 30, 2019
But the Economic Policy Institute, which describes itself as a non-partisan group that “seeks to include the needs of low- and middle-income workers in economic policy discussions”, claims this rule will “leave behind” over eight million US workers who would have received guaranteed overtime under a 2016 rule.
“While the administration may be trumpeting this rule as a good thing for workers, that is a ruse,” Heidi Shierholz, Senior Economic Analyst and Director of Policy at EPI, said in a statement delivered to TRT World.
“In reality the rule leaves behind millions of workers who would have received overtime protections under the much stronger rule, published in 2016, that Trump administration abandoned.”
TRT World
September 30, 2019
However, in 2015, Next City covered President Obama’s plan to make the overtime threshold $50,440 a year, which would have covered millions more workers. The Economic Policy Institute argues that the “Trump administration is cheating workers out of billions.” EPI calculates this means less money for 2.9 million people of color.
Next City
September 30, 2019
The Economic Policy Institute has calculated that nearly one in five Connecticut workers will benefit as the state’s minimum wage rises to $15, including more than 70,000 parents.
Alexander Soule
September 30, 2019
[Cites EPI] Appelbaum E, Kalleberg A, Rho HF [2019]. Nonstandard work arrangements and older Americans, 2005–2017. Washington D.C. Economic Policy Institute.
Industrial Safety and Hygiene News
September 30, 2019
As we have previously noted in assessing income levels in South Carolina, there is real concern over whether gains in median household income are accruing to middle income earners. According to the left-leaning Economic Policy Institute (EPI), from 2009-2013 South Carolina was one of fifteen states in which the top one percent of income earners captured all of the income growth over that five-year period.
FITSNews
September 30, 2019
Now, when we narrow down to only the United States, an income much higher than the global cut-off is required to be a member of club 1%. About $421,926 in wages a year (per the Economic Policy Institute, or EPI, as of 2015) is estimated to be the cut-off to be a 1 percenter in the country.
Yahoo Finance
September 30, 2019
The main problem? Domestic work continues to be among the most undervalued, under-compensated, overworked, and hyper-vulnerable jobs in the country. There are an estimated 2.5 million domestic workers, mostly women, in the country. The Economic Policy Institute reports that nearly a quarter of domestic workers live below the official poverty line, and their median real weekly wages are half that of other workers.
Forbes
September 30, 2019
Workers of color are over-represented in low-wage industries and more susceptible to workplace abuses, including harassment, discrimination and wage theft. Yet a recent study from the Economic Policy Institute estimates that 59.1 percent of black workers are subject to forced arbitration. Communities of color have fought hard and continue to advocate for strong workplace legal protections to ensure safe environments and fair wages. When businesses deny workers access to the courts and, instead, force them into secret arbitration proceedings, it threatens economic progress and renders toothless critical workplace protections.
Newsweek
September 30, 2019