A study by the Economic Policy Institute found CEO pay grew by 940.3% over a 40-year period. During that same time, workers’ wages increased by 11.9%. A separate analysis by the AFL-CIO concluded that CEOs earned 287 times more than their workers in 2018.
Auburnpub.com
September 24, 2019
According to the Economic Policy Institute (EPI), wage growth hasn’t bounced back to pre-recession levels, and remains fairly low and flat. In August, wages grew by 3.2% over the year — below targets of 3.5-4%. And most of whatever gains were made in the last decade of economic recovery went to the wealthy.
On a national level across all races, the top 1% captured 85% of post-recession income growth from 2009 to 2013, according to an Economic Policy Institute study on income inequality. In some states, they recovered 100% of those gains.
Yahoo Finance
September 24, 2019
As for prices, that’s even harder to study. The labor-backed Economic Policy Institute cites a San Jose study that showed restaurant meal prices rising by just over one-half of 1 percent after a 25 percent price hike in San Jose, Calif. in 2013. And a look at restaurants near that city showed a so-called “border effect” that was less than doomsayers feared.
David Cooper, a senior analyst at EPI, said productivity increases, less turnover and other benefits from the minimum wage mean many business owners don’t have to raise prices as much as they fear after the wage jumps up.
“This has never caused the sky to fall,” said Cooper, who testified in March before the Connecticut General Assembly in favor of the hike.
Connecticut Post
September 24, 2019
The issue, Horsford said, is critical in Nevada. The state has one of the highest levels of income inequality in the country, according to a 2018 report by the Economic Policy Institute.
Nevada Current
September 24, 2019
The union-affiliated Economic Policy Institute (EPI) issues an annual report on the “teacher pay gap” — the difference in salaries between teachers and similar private-sector workers. This year, EPI finds that the gap is 21% nationwide. At the state level, the gaps vary widely, from a salary penalty of just 0.2% in Wyoming to a high of 32.6% in Arizona. Whenever pay disputes arise in a state, the media treat EPI’s findings as authoritative, rarely bothering to include a contrary view. After all, everyone knows that teachers are underpaid.
National Affairs
September 24, 2019
Kayla Blado joins the conversation to explain why she says unionizing — not self-care — is the answer to burnout. Blado is the president of the Nonprofit Professional Employees Union and director of media relations for the Economic Policy Institute.
WUNC North Carolina Public Radio
September 24, 2019
A study last year by the liberal Economic Policy Institute found that Uber drivers made under $11 an hour on average nationally after vehicle expenses and the extra taxes paid by the self-employed were deducted.
The New York Times
September 24, 2019
As a result, the average rideshare driver makes less than $11 an hour, according to information from the Economic Policy Institute provided by Durkan’s office.
Q13 FOX
September 24, 2019
Black Americans earn 75 cents on the dollar compared to white people, but that racial income gap pales compared to the wealth gap. According to the Economic Policy Institute, assets held by the median white family total about $171,000, versus $17,600 for the median black family.
Cleveland.com
September 19, 2019
CEOs have thrived under shareholder capitalism as never before. A report this August from the Economic Policy Institute (EPI)—issued five days before the Business Roundtable’s pronunciamento—showed that CEO compensation has risen by 940 percent since 1978, a period that roughly coincides with the onset of conducting business to maximize shareholder value. During the same four decades, median worker compensation rose by a bare 12 percent.
The American Prospect
September 19, 2019