We note…and we shall grant that the data are provided by an openly left-of-center Organization so we take the data with a grain of economic salt… that the Economic Policy Institute reported last week that over the course of the past four decades the average “corporate executive” saw his/her total “pay” rise 1,000% and that is almost 100 Xs that of the average worker. Precisely, the total pay including salaries, benefits and stock options for CEOs rose 1,007.5% from 1978 to 2018 while that of the average worker rose 12%!
AEI
August 21, 2019
The latest indicator that things are terribly out of whack came in a report last week from the Economic Policy Institute, which found that compensation for American chief executives increased by 940% from 1978 to 2018, while pay for the average worker rose by a miserable 12% over the same 40-year period.
Average pay for CEOs of the 350 biggest U.S. companies hit $17.2 million last year, the researchers found.
Los Angeles Times
August 21, 2019
According to the Economic Policy Institute, CEOs in major U.S. companies earned around 18 times more than a typical worker in 1965 — a handsome figure, but certainly not detrimental to the public interest. By 2011 though, American CEOs were bringing home over 200 times more than the average worker — even in the wake of the financial crisis only three years earlier.
OneZero
August 21, 2019
Well, President Trump is at it again—lashing out at commentators who suggest a recession could be coming. He believes that such talk is merely alarmist criticism meant to scuttle his reelection. But the president and his staff have access to the best economic data. And there are clear signs in the data that a slowdown may be on the way.
The Hill
August 21, 2019
Elise Gould, senior economist at the Economic Policy Institute, said that women also look to further their education just to get the same returns as men who achieve lower levels of education. In other words, the wage gap at different education levels might be pushing the female desire to earn advanced degrees.
The Wall Street Journal
August 20, 2019
Math and science educators are a close second to special education when it comes to shortages nationwide, according to a 2016 report by the Economic Policy Institute. While more than half of U.S. school districts report difficulties in recruiting and retaining qualified STEM teachers, the situation is exacerbated for schools serving primarily Black and Brown students. More than 90 percent of districts with large African American and Hispanic and Latinx populations report significant struggles with hiring and keeping high-quality STEM teachers, according to The74, an education news site.
Insight Into Diversity
August 20, 2019
Kaneland, like many other school districts, has not been immune to teacher retention, and a recent Economic Policy Institute study reported that “the teacher shortage is real, large and growing, and worse than we thought.”
Kane County Chronicle
August 20, 2019
This is a tricky time for America’s top executives, though, with CEO/worker pay inequality growing. A recent study from the Economic Policy Institute, a nonprofit think tank that proposes and assesses public policies that protect and improve the economic conditions of low- and middle-income workers, found that from 1978 to 2018, CEO compensation rose roughly 940% while the average worker wage rose 12%. During that time, the study states, the S&P 500 rose just over 700%.
Think Advisor
August 20, 2019
According to a report from Pew last year, Black people had the lowest household income among all of the races. It was more than $10,000 fewer than the next closest group (Hispanics). The Economic Policy Institute warned that another recession would probably increase that household income gap while also reducing the amount for Black families.
News One
August 20, 2019
That is what the Economic Policy Institute, a nonprofit think tank based in Washington, D.C., that focuses on the low- and middle-income Americans, found in a study released last week.
“In our view, the CEO compensation and escalation is not reflective of some big gaining of skills or improved contribution to their firm’s performance or the economy,” said co-author Lawrence Mishel, a distinguished fellow with the Economic Policy Institute. “That means we could tax away half of what they take in, and I think the economy would be the same size.”
York Dispatch
August 20, 2019