Somewhat paradoxically, the inability for so many Americans to afford some much-needed rest and relaxation is hitting home at a time when CEO salaries have smashed through the roof compared to worker pay. CEO compensation has increased by 940 percent over the past three decades while US workers have seen their paychecks rise by just 12 percent, according to a report by the Economic Policy Institute (EPI).
Veterans Today
August 19, 2019
When it comes to compensation, the rate of increases in pay at the top level is soaring, but its much more muted for the average worker, according to a study released by the Economic Policy Institute this week.
Investing.com
August 19, 2019
Kevin spoke with Matt Brooks, Republican strategist and Executive Director of the Republican Jewish Coalition, and Pedro Da Costa, Director of Communications at the Economic Policy Institute. They discussed trade, the 2020 presidential elections and Israel.
Bloomberg
August 19, 2019
15:38:41: The racial wealth gap (Source: Economic Policy Institute)
MSNBC
August 19, 2019
In July, the House of Representatives passed the Raise the Wage Act, which would gradually increase the federal minimum wage to $15 an hour by 2025, though it obviously faces an uncertain fate in the Senate, where Majority Leader Mitch McConnell still hasn’t brought it to the floor for a vote. According to the Economic Policy Institute, it would raise the wages for 33 million people.
GQ
August 19, 2019
Many parents and students alike justify these costs by performing a long-term cost-benefit analysis, which suggests the cost of having attended college will eventually be canceled out by a competitive salary. A study by the Economic Policy Institute showed the pay gap between college graduates and everybody else is at an all-time high, but there are still many degree-holding individuals who feel as though the work they do is either unfulfilling, does not properly utilize the skills at their disposal, or could even be completed without a degree altogether.
Stacker
August 19, 2019
Given California’s high cost of living, the state should be spending at least $30,000 for each child in preschool and child care, according to a new report by researchers at the Center for the Study of Child Care Employment (CSCCE) at the University of California, Berkeley and the Economic Policy Institute.
The Hechinger Report
August 19, 2019
Workers at organizations such as the Center for American Progress, Community Change and the Economic Policy Institute have organized with the all-volunteer Nonprofit Professional Employees Union (where I’m president) in order to create strength and stability at their offices. Recently, workers at the New Museum and the Brooklyn Academy of Music in New York organized with the United Auto Workers. Other nonprofits, like the staff at ALIGN New York, have joined the Communication Workers of America. The nonprofit industry is a growing sector in the U.S. economy, and workers are increasingly demanding the dignity they deserve at work.
In These Times
August 19, 2019
CEOs at the 350 largest companies now take home salaries that are 278 times higher than those of the average worker, according to the new Economic Policy Institute (EPI) analysis.
Truthdig
August 19, 2019
In more economic news, a new study finds that corporate CEOs in the United States have seen their income grow exponentially over the past four decades, while ordinary workers’ salaries have largely stagnated. The Economic Policy Institute found income for top U.S. executives has increased by nearly 1,000% since 1978 — even when adjusted for inflation. A typical worker’s salary increased by less than 12% during the same period. CEOs at the 350 largest U.S. companies have salaries that are 278 times higher than the average worker. Among the biggest beneficiaries: the Walton family, heirs to the Walmart fortune. Bloomberg reports the family’s combined wealth has reached $191 billion, with the Waltons earning $70,000 per minute, $4 million per hour, or $100 million per day.
Democracy Now!
August 19, 2019