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
Legislators in at least 14 states in the past two years have pushed through legislation easing child labor laws, according to the Economic Policy Institute.
Worker's Compensation.com
October 13, 2023
Teacher pay is falling farther behind the wages of other college-educated professionals, according to a new report from the Economic Policy Institute (EPI).
WUSF
October 13, 2023
Despite being among the most educated professions—some states even require master’s degrees—teachers earn just three-quarters as much as comparable college graduates, according to research published by the Economic Policy Institute in 2022.
Stacker
October 13, 2023
Jennifer Sherer, director of the state worker power initiative for the Economic Policy Institute, said by looking at trends, workers across the country are increasingly looking to their right to organize and collectively bargain as a vehicle to address what she called “really deep inequalities in our economy.”
“The initiative and the discussion underway in a number of states about making sure every worker has full access to those rights is the origin of the initiative you are seeing in Arizona,” Sherer explained.
Public News Service
October 13, 2023
Data from the Economic Policy Institute shows that the families of childcare workers are twice as likely to live in poverty (11.8%) compared to others.
Business Insider
October 13, 2023
According to the Economic Policy Institute, autoworker wages have fallen 19.3% since 2008 alone — due in large part to past concessions made by the UAW.
Detroit Free Press
October 13, 2023
In 2022, Dollar General became the first major retailer deemed a “severe violator” of federal workplace safety law, and has failed hundreds of government inspections. In addition to limited access to sick leave, most Dollar General employees make less than $12 an hour, and close to 1 in 4 make less than $10, according to an Economic Policy Institute study from 2021.
Bloomberg
October 13, 2023
Ahead of the Friday announcement, Fain told a gathering at the Economic Analysis and Research Network (EARN) conference in Detroit that many UAW members were struggling to make ends meet.
“We’ve been dealing with trickle-down economics since the [President Ronald] Reagan days in the ‘80s and it still is the battle cry of the right. Inequality has been on the rise for decades. It’s now at its greatest level since the Great Depression,” Fain said.
Michigan Advance
October 13, 2023
With a more robust social services net, greater numbers of high-quality jobs across the economy and a comprehensive plan for transitioning automated-out workers to new job, automation can be a good thing for the economy in the long run, said Josh Bivens, research director at the Economic Policy Institute.
“Automation is mostly opportunity,” he said. “It’s opportunity we need to manage better than we have, but I think blaming it for problems in inequality … really takes the blame off where it should be,” which is on concrete policy decisions that were the actual drivers, he said.
LA Times
October 13, 2023
A report from the Economic Policy Institute shows Arizona teachers are paid 33% less than other workers with bachelor’s degrees in the state.
The report, which was released late last month, shows that the pay gap is the second worst, only behind Colorado.
ABC 15
October 13, 2023
Elise Gould, a senior economist at The Economic Policy Institute, called the data surrounding Hispanic workers a “mild sign” of an improving labor market, but cautioned reading too much into the month-to-month metrics poised for volatility.
The jobless rate among Hispanic workers still lags that of white and Asian workers at 3.4% and 2.8%, respectively. However, it does mark a stark difference from the depths of the Covid-19 pandemic when the group experienced the highest unemployment rate, according to Gould.
“It speaks to the resilience of the labor market,” she said. “Even in the face of rising interest rates, to be able to stay strong, and have it stay strong for so long that you’re really pulling in many historically marginalized groups back into the labor market.”
CNBC
October 13, 2023
Unemployment, for example, is higher among Black and Hispanic workers according to a 2023 report by the Economic Policy Institute. Median earnings for women in 2022 were 83 per cent of the median for men, data from the U.S. Bureau of Labor Statistics shows, and women, particularly women of color, are less likely to hold executive positions.
Longmont Leader
October 13, 2023
The Economic Policy Institute estimated that in 2022 the United States’ unionized workforce increased by 200,000 and tens of millions of workers wanted to join a union but couldn’t. Nonunion jobs are being added to the workforce at a faster rate than union jobs. The nation requires an army of young union organizers to compensate for decades of decline in unionization, and currently most schools do not educate children on how they can organize their workplaces when employed.
LA Progressive
October 13, 2023
Several factors contribute to the higher jobless rates among black Americans. Racism and single-adult households, where one person must balance childcare and full-time employment, are among the primary reasons, according to the Economic Policy Institute.
24/7 Wall Street
October 13, 2023
Fain spoke earlier Friday at an Economic Policy Institute conference, and said the union has been “complacent for my entire 29 years,” and that it has been a major source of frustration for him.
“This strike is about righting the wrongs of the past and winning justice for all of our members,” added Fain. “Strikes and the threat of strikes by a unified membership are what delivers.”
Barron’s
October 13, 2023
According to an Economic Policy Institute report, “The top 1% earned 14.6% of all wages in 2021 — twice as high as their 7.3% share in 1979. The bottom 90% received just 58.6% of all wages in 2021, the lowest share on record.”
In These Times
October 13, 2023
According to the Economic Policy Institute (EPI), the top 1% of earners take home 21% of all the income in the country. Although a yearly salary of $421,926 is technically enough to punch your ticket to the 1%, the average annual income of the top 1% is $1,316,985.
GO Banking Rates
October 13, 2023