“It confirmed that a lot of this is really just a choice,” said Kyle Moore, an economist who studies inequality for the Economic Policy Institute in Washington, D.C. “We had programs in place that demonstrably cut poverty, particularly child poverty. We allowed those programs to expire. And poverty went back up — a lot.”
Capital and Main
October 20, 2023
CEO pay has skyrocketed 1,460% since 1978, with CEOs being paid 399 times more than a typical worker in 2021, the Economic Policy Institute reports. So what is behind the stagnation of worker pay in America and what part did our economic system play?
Detroit Today
October 20, 2023
“The simplest way to address unequal access to retirement benefits is to expand Social Security benefits, especially for lower-income workers,” says Valerie Wilson, director of the Economic Policy Institute’s Program on Race, Ethnicity and the Economy.
AARP
October 20, 2023
In 2022, the state stood at 35th in per-student funding and last among all states in teacher pay when compared to similarly educated professionals, according to separate reports by the Economic Policy Institute in Washington, D.C., and the Denver-based Bell Policy Center.
Aspen Daily News
October 20, 2023
Fewer college graduates feel compelled to head into public education, a profession whose workers experience stress and burnout at twice the rate of the general workforce. “It is essentially like there is a potential pool of teachers that are not willing to accept jobs given the compensation and working conditions,” says Hilary Wething, an economist at the Economic Policy Institute (EPI).
Last year, an EPI report revealed the so-called “teacher pay penalty” is higher than at any time in the past quarter-century, when economists first began tracking this data. Today, for every dollar that someone in the private sector makes, “teachers are earning about 73.6 cents on that dollar,” Wething says. In the mid-1990s, it was about 94 cents.
American Prospect
October 20, 2023
A report from Sylvia Allegretto, a senior economist at the Center for Economic and Policy Research and a research associate at the Economic Policy Institute, found the pay penalty for teachers and comparable college graduates who are working was at a record large gap in 2022 — a pay penalty of 26.4%.
Business Insider
October 20, 2023
The Fed survey says wages increased the most for higher-paid workers, widening inequality. Last year, average earnings didn’t keep up with inflation. But wages have actually outpaced price increases over the past seven months, per Economic Policy Institute chief economist Josh Bivens.
“I think we’re set for some pretty good years for income growth especially for sort of the bottom half,” he said.
If wages can keep outpacing inflation, Bivens said there could be some incremental improvement in inequality.
Marketplace
October 20, 2023
The report uses a model created by researchers at the pro-labor Economic Policy Institute to estimate how many workers would benefit from raising the minimum to either of the hypothetical new rates, $15 or $20. They counted both workers who currently make less than that rate, and workers who currently make just over that mark and who they anticipate would get raises “as pay scales adjust upward.”
The Cap Times
October 20, 2023
The most recent teacher pay analysis from the Economic Policy Institute found that Arizona teachers earned 33.2% less last year than other workers with college degrees did, placing the state just behind Colorado’s 37.4% gap. That’s a jump from 2021, when Arizona ranked 4th worst and the cause, according to the report’s authors, has a lot to do with the economy.
AZ Mirror
October 20, 2023
Features interview with Adewale on affirmative action.
Maryland Public Television
October 20, 2023
Based on an analysis of 2022 staffing levels, the left-leaning Economic Policy Institute found that the Department of Labor had an insufficient number of investigators to cover the growing H-2A visa program, much less the rest of the agricultural world. With the number of investigative staff declining by more than 70 employees so far in 2023, the agency has that much less manpower to oversee the program, as well as investigate violations in other industries.
Politico Pro
October 20, 2023
That comes even as real wages are growing faster for lower-income Americans than those with higher incomes. Workers in the bottom 10% of the income distribution saw real wages grow 9% between 2019 and 2022, a March report by the Economic Policy Institute found.
Business Insider
October 20, 2023
The 2-to-1 unemployment disparity is “one of the most durable and defining features of the U.S. labor market,” economists Valerie Wilson of the Economic Policy Institute and William Darity of Duke University wrote in a March 2022 paper on inequality in employment. It endures through good economic times and bad, they found, and is relatively constant across age, gender, region and education level.
AARP
October 20, 2023
A new study shows that farmworkers make substantially less than non-farmworkers, highlighting a wage rate gap that has remained virtually unchanged from the previous two years.
Daniel Costa with the Economic Policy Institute spoke with RFD-TV’s own Suzanne Alexander on average earnings, what trends he is seeing, and how the USDA is tackling the subject.
RFD-TV
October 20, 2023
All in all, the true cost of wage theft amounts to something substantially north of chump change: A 2014 study from the Economic Policy Institute “a nationwide epidemic that costs American workers as much as $50 billion a year.”*
New Republic
October 20, 2023
Back in 1965, the Economic Policy Institute detailed last month, chief execs at America’s major corporations took home 21 times as much as America’s most typical workers. CEOs last year averaged 344 times typical worker pay.
Inequality.org
October 20, 2023
Property crimes accounted for roughly $30 billion in economic losses in 2019; in contrast, a 2014 estimate by the Economic Policy Institute found that wage theft cost workers nearly $50 billion every year.
The Appeal
October 20, 2023
UAW members’ pay has decreased by 19.3% since 2008, in contrast to the 40% wage increase the “Big Three” CEOs have experienced in the same time period, according to a recent report by the Economic Policy Institute. To combat this, the UAW is demanding a 46% wage increase, a four-day work week, and overtime pay beyond 32 hours.
Spartan Newsroom
October 20, 2023
Although overall CEO compensation fell 14.8% in 2022 because of a stock market decline, CEO pay soared 1,209.2% from 1978 to 2022 versus typical workers’ pay, which rose 15.3% during the same period, according to an Economic Policy Institute analysis released in September. The progressive think tank makes the case that the increase in CEO pay is not harmless to the average worker and states that workers in the bottom 90% would have 25% higher wages today if not for the vast differences in wage increases from the 1970s to 2021.
Fain has also emphasized auto manufacturers’ profits as another reason the companies should be able to afford higher wages for UAW members. Although all of the big three automakers suffered losses in annual gross profit from 2019 to 2020, in the long run, the companies’ profits have shot up in the past decade while autoworkers’ wages have fallen. From 2013 to 2022, profit at Ford, Stellantis, and General Motors rose 92%, according to the Economic Policy Institute, a left-leaning think tank.
From 2008 to 2023, average hourly earnings for people working in auto manufacturing sank 19.3% and wages for workers responsible for both auto manufacturing and vehicle parts fell 10%, the EPI analysis showed.
Michigan Advance
October 20, 2023
A previous study by the Washington-based Economic Policy Institute on wage inequality published in 2022 showed that the top 10% of earners — including both men and women — are the only group to have seen their income share grow since 1979.
Business Insider
October 20, 2023
Workers in the bottom 10% of the income distribution saw real wages grow 9% between 2019 and 2022, a March report by the Economic Policy Institute found.
Business Insider
October 20, 2023
Teachers have historically faced lower pay than other workers, and the gap got even worse in 2022, a recent report indicated.
Sylvia Allegretto, a senior economist at the Center for Economic and Policy Research and a research associate at the Economic Policy Institute, wrote a report that looked into how the pay of public school teachers looks compared to college graduates working elsewhere.
Business Insider
October 20, 2023
Back in 2012, Poilievre essentially called for ‘right-to-work’ legislation. He wanted to allow unionized employees to opt-out of paying union dues — measures that depressed not just union-sector wages but non-union wages in U.S. states that have adopted such laws, according to the Economic Policy Institute.
Toronto Star
October 20, 2023
Interesting Facts:
1. Wage Disparity: According to a report by the Economic Policy Institute, the average CEO-to-worker pay ratio in the United States was 320-to-1 in 2019. This means that CEOs made, on average, 320 times more than the typical worker’s annual pay.
Investor Times
October 20, 2023
Data from the Economic Policy Institute shows the number of workers striking fell sharply in 2020 and 2021 but then jumped 50% last year alone.
CBS Seattle
October 20, 2023
California expects to hire more than 22,000 teachers this year.
According to the Economic Policy Institute, teachers in California make 17 percent less than other comparable college-educated workers.
ABC 30
October 20, 2023
“Wish I could upvote more. Historically with inflation about 60% is worker costs, this time it’s close to 54%* due to profit increases and only 10-15% going to workers. Complete price gouging scam.”
Buzzfeed
October 20, 2023
Teachers have historically faced lower pay than other workers, and the gap got even worse in 2022, a recent report indicated.
Sylvia Allegretto, a senior economist at the Center for Economic and Policy Research and a research associate at the Economic Policy Institute, wrote a report that looked into how the pay of public school teachers looks compared to college graduates working elsewhere.
Business Insider
October 20, 2023
The Economic Policy Institute reports that teacher pay has suffered a sharp decline compared with the pay of other college-educated workers.
On average, teachers made 26.4% less than other similarly educated professionals in 2022—the lowest level since 1960.
KFYR TV
October 13, 2023