Okay, so both Warren and Rubio use the same phrase, Economic Patriotism. And for all their stated differences, they agree on a key symptom of the problem, outsourcing, which is deleterious to both employment and national security. The Economic Policy Institute, for instance, has estimated that in the dozen years after the U.S. normalized trade relations with China in 2000, some 3.2 million American jobs went to the People’s Republic.
Breitbart
June 11, 2019
According to the Economic Policy Institute, in 1965 bosses of the largest companies in the U.S. earned around 20 times more than their average employee. By 1989 the number had more than trebled to 58 times. Today it’s over 300 times and rising. And some CEOs are making astronomically more than their workers.
Forbes
June 11, 2019
Policies should be passed that give shareholders greater control over “excessive CEO pay,” according to a new paper from the Economic Policy Institute.
Pensions & Investments
June 11, 2019
Average wages for high school graduates in the U.S. are finally higher than they were in the middle of the financial crash — but they remain lower than they were in 2000, according to a new report from the Economic Policy Institute, Erica writes.
- The average pay for white high school graduates increased about 1% from 2000 to 2019, but fell 2.7% for black graduates.
Axios
June 11, 2019
Class of 2000 rules. Class of 2019 drools. “Compared with those who graduated [high school] into the strong 2000 labor market, the Class of 2019 still faces real economic challenges, as demonstrated by elevated levels of underemployment as well as low wages and worsened wage gaps for black workers,” Elise Gould, Julia Wolfe and Zane Mokhiber write at the Economic Policy Institute.
The Wall Street Journal
June 11, 2019
La tendencia al decrecimiento puede también reflejar más que una simple inclinación al minimalismo, sino también el desgaste de un sistema en que el crecimiento no ha generado grandes beneficios para muchas personas. Aparte del acceso a bienes más abundantes y baratos, la gente entiende que los beneficios del crecimiento no están distribuidos de forma equitativa. En 1965, los directivos de empresas ganaban 20 veces más que la clase obrera; a partir de 2013, en cambio, ganaban 296 veces esa cantidad. Entre 1973 y 2013, la remuneración horaria aumentó solo un 9 por ciento, mientras que la productividad lo hizo un 74 por ciento. “Esto significa que los trabajadores han estado produciendo mucho más de lo que reciben de sus empleadores”, señalaba en un informe el Economic Policy Institute, un laboratorio de ideas especializado en economía.
VICE
June 11, 2019
In EPI’s report, “Class of 2019: High School Edition,” we examine the job prospects of students as they graduate from high school and consider their next steps. Importantly, nearly two-thirds of workers over age 21 do not have a four-year college degree. Our economic policies must take into account the vast majority of workers with only a high school education, and ensure that they have access to good jobs as well.
Click here to share this chart, which shows average wages for workers with a high school degree: $12.26 an hour.
The chart reveals a persistent inequity which must be addressed: Right out of high school, women and black workers, on average, are paid at least 10 percent less than white men.
Hearst CT News Blog
June 11, 2019
Of course there are still challenges. The Economic Policy Institute’s research on job prospects for college graduates found that while this year’s class has better prospects than those who graduated in the immediate aftermath of the Great Recession, many recent graduates will take jobs that don’t require a college degree. It also found worsening wage gaps among women and black workers and high levels of student debt.
BU Today
June 11, 2019
In 1982, according to the Economic Policy Institute, the average CEO earned 50 times the average production worker. Today, the CEO Pay Ratio’s increased to 144 times the average worker with most of the gains a result of stock options and awards.
Investor Place
June 7, 2019
PayScale’s research seems in line with what others have observed: gender- and raced-based pay inequities are real, persistent and lead to long-term earnings setbacks for some workers, especially black workers. The left-leaning think thank Economic Policy Institute (EPI) released a report earlier this year showing that wages for whites and Hispanics were growing faster than those for black workers, and that the wage gap between black employees and white employees in 2019 is bigger than it was in 2000. According to the EPI report, only those black employees with college educations had higher wage growth than in 2000; still, their wage growth lagged behind that of whites and Hispanics.
HR Dive
June 7, 2019