According to the Economic Policy Institute, productivity has risen 77 percent since the early 1970s, while wages have only risen 12 percent. (Taking vacation also happens to make workers more productive, but making arguments about what workers should have based on what maximizes their value to the company is deeply wrong, and vacation would be just as important even if it made workers less productive. It’s just interesting to note that bosses are really stupid, too.)
Splinter
February 12, 2019
The liberal Economic Policy Institute suggests that workers need to see nominal wage increase of 3.5 to 4 percent — a range that “significantly” exceeds the Fed’s 2 percent inflation target — in order to feel the benefits of economic growth. At this point, the year-over-year growth for private employees is just short of that target rate, at 3.2 percent.
CBS News
February 12, 2019
The Economic Policy Institute, a left-leaning think tank, says nominal wage growth has been below a 3.5 percent target during the recovery. But the White House argues that traditional economic measures do not fully capture increases in compensation, such as bonuses, and so real wages have actually increased even more than shown in the economic data.
The Washington Post
February 12, 2019
“I also have friends here in New York who make between $1 [million] and $3 million a year as investment bankers or partners at a law firm,” Galloway says — incomes which would put them in the top 1 percent of all wage-earners in the US, according to an October 2018 report from the Economic Policy Institute.
CNBC
February 12, 2019
— Report: “Raising the federal minimum wage to $15 by 2024 would lift pay for nearly 40 million workers,” from The Economic Policy Institute
Politico Pro
February 12, 2019
The Economic Policy Institute calculates that a single person living in Middlesex County, New Jersey needs to make over $42,000 to afford to live there. There’s no way that students like me working part-time in the dining hall, while attending class full-time, could generate that kind of income without taking out more student loans.
In These Times
February 11, 2019
According to the Economic Policy Institute, median household wealth for white families is 12 times higher than that of black families. This disparity makes it much harder for black households to weather crises like unemployment or medical emergencies, or to invest in the future
The American Prospect
February 11, 2019
La tendencia en las grandes empresas es especialmente clara. En 1989, la remuneración del CEO promedio de las 350 empresas más grandes de EE UU era 58 veces mayor que el salario medio de los empleados. En 2017, el salario promedio del jefe, de 18,9 millones de dólares, era 312 veces superior a la media, según el Economic Policy Institute. Con ese tipo de sueldos, no es de extrañar que el capital se acumule rápidamente.
El Pais
February 11, 2019
According to the Economic Policy Institute (EPI), a left-leaning thinktank, wages would have to grow between 3.5% to 4% for average workers to really feel an impact.
The Guardian
February 11, 2019
“To the extent that things have gone back to normal and this reprieve is not temporary, then I expect things to be running as expected and not diverging from trends so much,” said Elise Gould, senior economist at the Economic Policy Institute.
Sinclair Broadcast Group
February 11, 2019