The disparity between CEO pay and worker compensation is one of the key drivers of modern-day income inequality. In the 1960s, according to the Economic Policy Institute, the typical chief executive earned about 20 times as much as the typical worker. Today’s CEOs earn hundreds of times the pay of their employees, propelled in large part by stock option packages that Patton helped popularize.
The Washington Post
December 13, 2019
The political implications of USMCA remain to be seen and, since the final text of the agreement hasn’t yet been released, it’s hard to assess its full impact. But we already have a pretty good idea of what kind of relief it will supply for workers: not much. A report by economists Thea M. Lee and Robert E. Scott at the Economic Policy Institute concedes that USMCA is a big improvement from the 2017 version, but concludes that it ultimately adds up to “Band-Aids on a fundamentally flawed agreement and process.”
In These Times
December 13, 2019
According to the Economic Policy Institute (EPI), U.S. employers violate “federal law in 41.5% of all union election campaigns, and illegally fire organizing workers in nearly 20% of all elections.”
MultiBriefs: Exclusive
December 13, 2019
The Economic Policy Institute (EPI), a left-leaning think tank aligned with labor interests, offered a slightly less positive assessment but ultimately concluded the deal is “better than the alternatives.”
In a blog post Tuesday, EPI’s Thea Lee and Robert Scott predicted the agreement—which has not yet been released in full—”will in no way offset or reverse the massive devastation caused by the original NAFTA.”
Common Dreams
December 13, 2019
In a Tuesday blog post, Thea Lee, former AFL-CIO deputy chief of staff and president of the left-leaning Economic Policy Institute, and Robert E. Scott, a senior EPI economist, dismissed the new changes to USMCA as mere “Band-Aids on a fundamentally flawed agreement and process.”
Politico
December 13, 2019
The median retirement account savings for all families headed by people aged 32 to 61 was only $7,800 in 2016, according to new research from the Economic Policy Institute, a Washington D.C.-based think tank. At the 50th percentile mark, people in their mid-30s only held $1,000 in a retirement account that year and families approaching retirement only had $21,000.
Bloomberg Law
December 13, 2019
There are two main reasons why the 401(k) plan and other workplace retirement savings plans don’t work, according to the Economic Policy Institute, the non-partisan think tank that authored the study.
CNBC
December 13, 2019
Progressive think tank the Economic Policy Institute found that Americans 56 to 61 had a median balance of $21,000 in their 401(k) accounts in 2016, which is the most up-to-date data on file. That total reflects almost 30 years of savings.
CNBC
December 13, 2019
The Economic Policy Institute nonprofit, nonpartisan think tank this week published a series of telling charts that “paint a picture of increasingly inadequate retirement savings for successive generations of Americans — and large disparities by income, race, ethnicity, education, and marital status.”
MarketWatch
December 13, 2019
According to the Economic Policy Institute, the average retirement savings of all working-age families (32-61) is $95,776.3
However, since nearly half of U.S. families have no retirement account savings at all, that figure skews high because of retirement supersavers and older pre-retirees who boost the national average.
American Equity
December 13, 2019