The Economic Policy Institute, a left-leaning research group that receives some union funding, said last year that CEO pay at large companies had grown 997% from 1978 to 2014, to an average of $16.3 million at 350 large U.S. firms. The ratio between CEO pay and workers, EPI said, has grown from 30-to-1 in 1978 to 303-to-1 in 2014.
Buzzfeed
August 6, 2015
“The new CEO pay ratio rule will shed important light on this issue. This is an important advance, which will be useful to investors, workers and policymakers,” Lawrence Mishel, president of the Economic Policy Institute, said in a statement Wednesday. “The delay shows the power of corporate lobbyists, but the finalizing of the rule is a win for the American people.”
U.S. News and World Report
August 6, 2015
CEO compensation has exploded over the past 50 years according to research by the Economic Policy Institute (EPI), a progressive think tank with ties to the American labor movement. Whereas CEOs at America’s largest companies made 20 times what their workers earned in 1965, by 2014 the CEO-to-worker compensation ratio had shot up to 303.4. EPI President Lawrence Mishel told Al Jazeera that high CEO pay helps to drive pay disparities across the economy. “I used to think this was a symbolic issue, but the fact is that there are 20,000 to 25,000 executives whose pay is listed in SEC filings,” said Mishel. “And the pay of these executives sets a marker that is followed by firms that don’t sell stock on the open market, privately held firms. It’s driven up the wages of university presidents, people in the nonprofit sector, including hospitals, and the pay of people in other managerial positions.”
Al Jazeera America
August 6, 2015
On the one hand, the public does appear to be in the dark about how much corporate chieftains typically haul in these days. According to the Economic Policy Institute, the CEOs of the top 350 largest U.S. companies by sales earn, on average, more than 303 times the pay of the median American worker.
Slate
August 6, 2015
Valerie Wilson at the Economic Policy Institute breaks out data on unemployment by race and state and quarter, allowing for a more refined look at this racial split on jobs. “Nationally” in the second quarter, she writes, “African Americans had the highest unemployment rate, at 9.5 percent, followed by Latinos (6.6 percent), whites (4.6 percent), and Asians (3.8 percent).” What’s more, she notes, the state with the lowest black unemployment, Tennessee, had the same unemployment rate for blacks as the white unemployment rate in the state with the highest white unemployment.
The Washington Post
August 5, 2015
The Economic Policy Institute, a left-leaning think tank, estimates that the U.S. trade deficit in goods with China eliminated or displaced 3.2 million American jobs between 2001 and 2013, three-fourths of which were in manufacturing. And that’s not to mention the millions of manufacturing jobs that were lost to automation and offshoring in the decades before that.
The Washington Post
August 5, 2015
The typical CEO, on the other hand, made more than 300 times as much as ordinary workers last year, according to a recent report from the Economic Policy Institute. It found that each of the heads of the largest U.S. companies was pulling down an average $16.3 million, which represented a more than 54% pay hike since the end of the financial crisis in 2009.
Los Angeles Times
August 4, 2015
You see a similar pattern when you break wages down by education. For both young high school graduates and young college graduates just entering the workforce, hourly wages are roughly on parwith 1998, according to an analysis by the Economic Policy Institute.
Slate
August 4, 2015
“Absolutely illegal,” Robert E. Scott, director of trade and manufacturing research at the Economic Policy Institute and a strong critic of past trade agreements like NAFTA, told msnbc when asked about Trump’s 20% import tax.
MSNBC
August 4, 2015
In other words, 20 percent of Americans favor something like a permanent three-day weekend — 20 percent less work for 20 percent less pay. That unmet demand for shorter hours is an economic problem economists call overemployment. “Overemployment suggests that people have scarcity of time, are dealing with time pressure and are willing to sacrifice income to deal with that time pressure,” Lonnie Golden, an economics professor at Penn State Abington who has studied overemployment, told HuffPost in an interview.
The Huffington Post
August 4, 2015