- EPI: CEO pay has risen 940% since 1978. The typical worker’s pay has risen 11.9%:The left-leaning Economic Policy Institute reports that CEO compensation continues to be very high compared with typical worker compensation (by a ratio of 278-to-1 or 221-to-1). That ratio has soared over the past half-century. The CEO-to-typical-worker compensation ratio with stock options realized was 20-to-1 in 1965 and 58-to-1 in 1989.
Daily Kos
August 19, 2019
The Economic Policy Institute (EPI) published its annual report on CEO compensation on Wednesday, which analyzed executive pay between 1978 to 2018.
The left-leaning think tank found that in 2018, CEOs at the top 350 companies in the U.S. were earning an average of $17.2 million.
Fox Business
August 19, 2019
Although many entrepreneurs draw on family wealth to start a business, that option may not be available for Black entrepreneurs. For one thing, a 2017 Economic Policy Institute analysis of 2013 Survey of Consumer Finance data found that white Americans have an average of $678,737 in wealth compared to $95,261 for Black Americans. Even among college degree holders, the median wealth for white Americans was $180,500 compared to $23,400 for Black Americans, and the median wealth for white Americans with graduate degrees was $293,100 compared to $84,000 for Black Americans, the analysis found. Meanwhile between 1950 and 1970, Black home buyers bought 60,100 homes purchased under predatory contracts and paid on average at least $587 more in today’s dollars per month than they would’ve paid with FHA loans, thus losing between an estimated $3.2 billion and $4 billion in today’s dollars, according to a 2019 report by the Samuel DuBois Cook Center on Social Equity at Duke University.
Chicago Reader
August 16, 2019
Figures from the Economic Policy Institute (EPI) are even more daunting. The numbers were even worse for Millennials, with more than two-thirds having no retirement savings at all.
Fleishman Hillard
August 16, 2019
As of mid-2018, the Economic Policy Institute estimated that 740,000 workers were already covered by predictive scheduling laws at that point in time. Assuming this trend continues, we could very well see predictive scheduling laws become the rule rather than the exception by about 2025. While this legislation is largely targeted at the retail, food service and hospitality industries, any organization dealing with dynamic demand or that regularly makes schedule changes close to the start of the shift should evaluate predictive scheduling as an organizational policy. Research shows that flexible scheduling improves employee engagement and productivity. The reality is that today’s talent seeks it out, and smart employers are establishing voluntary flexible scheduling policies in order to attract and retain top talent at a time when employees have more choices than ever before. There are proven benefits for employers, too. With unemployment at a 10-year low, the battle for bright minds is intense. As predictive scheduling laws roll-out in more jurisdictions, there will be increased pressure on employers to adopt predictive scheduling policies voluntarily. For those who enact these policies in advance of new legislation, employees will likely to celebrate the change as one that recognizes their need for flexibility and work-life balance – an added benefit for the organization.
HR Technologist
August 16, 2019
Homelessness and the housing crisis are not a force of nature, but are created as a natural result of our economy the elite have rigged to benefit themselves. According to a recent report from the Economic Policy Institute, Reno was 26th most unequal city out of 900 metro areas, and Nevada was the fourth most unequal state.
Sacramento News & Review
August 16, 2019
While ILRWG’s report indicates that the Summer Work Travel program poses problems for workers, it also claims that the program offers benefits and loopholes for employers. “The J-1 has virtually no meaningful regulations that protect workers,” said Daniel Costa, director of immigration law and policy research at the Economic Policy Institute. That is partially due to the fact that the J-1 program is not overseen by the Labor Department, but instead by the State Department, an agency with “no mandate or expertise in labor standards” said Costa.
Capital & Main
August 16, 2019
The growing shortfall is well documented. The Economic Policy Institute, a nonpartisan think tank in Washington, D.C., reports that the shortage of teachers nationwide from preschool through high school worsened from 64,000 in the 2015-2016 academic year to 110,000 just two years later. The agency projects the shortfall will reach at least 200,000 by 2025.
Illinois State University
August 16, 2019
Child care in Colorado is more expensive than in-state tuition at a four-year public college, according to the Economic Policy Institute. Parents in Colorado shell out $15,325 for infant care on average every year or $1,277 each month.
Patch
August 16, 2019
Virginia’s infant care costs families $1,426 more annually than the average in-state tuition for a four-year college in the commonwealth, according to a study released by the left-leaning Economic Policy Institute. The cost is also only 1.9 percent lower than the average cost of rent.
The Center Square
August 16, 2019