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
“Are we willing to return to a world where we accept that children of the poorest families are working more than full-time jobs under hazardous conditions?” said Jennifer Sherer, director of the Economic Analysis and Research Network at the nonprofit Economic Policy Institute, according to the article.
Raw Story
October 13, 2023
Fain spoke earlier on 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. Strikes and the threat of strikes by a unified membership are what delivers.”
Clean Technica
October 13, 2023
The disparity is more severe for Black and Hispanic women, who typically earn 65 cents and 58 cents on the dollar respectively compared to their male counterparts. Women with higher education levels face larger pay disparities, according to the Economic Policy Institute. Meanwhile, women are paid less than men with similar education backgrounds at almost every level, the EPI notes, and may face penalties for taking time out of the workforce for maternity leave or child rearing.
Semafor
October 13, 2023
“If you think they have any leverage, it is leverage to what end?” said Elise Gould, senior economist at the Economic Policy Institute, a Washington-based think tank focused on labor issues. “Share matters because if profits have been so high, wages could have done even better.”
Reuters
October 13, 2023
“While [year-over-year] wage growth ticked down to 4.2%, the annualized three-month change dropped significantly to 3.4%,” tweeted the Economic Policy Institute’s Elise Gould. Average hourly earnings growth peaked at 5.9% in March 2022. Finance executives in The CFO Survey projected their wage bills would grow 4% at the median in 2024.
CFO
October 13, 2023
State governments added 29,000 jobs in education and local governments, excluding education, added 27,000 jobs, which is good news considering how slow these jobs have been to return to pre-pandemic levels, economists said. State and local government employment is down 0.5% compared to its level before the pandemic, Economic Policy Institute analysis of BLS data shows.
Elise Gould, senior economist at the Economic Policy Institute, said the addition of healthcare jobs is not surprising given the aging population and demand for healthcare services. Despite concerns that leisure and hospitality wouldn’t bounce back from the economic harms businesses suffered in 2020, there are signs of a healthier sector in the report.
“Leisure and hospitality in particular is one where we saw the largest job losses and has been steadily sort of filling in that massive hole that happened in the spring of 2020,” Gould said.
States Newsroom
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 12, 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 12, 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 12, 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 11, 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 11, 2023
Lack of standards has real ramifications. According to the Economic Policy Institute, domestic workers are three times as likely to live in poverty than other workers–typical wages for a domestic worker were $12.02/hour; for a non-domestic worker, $19.97. And 39 percent of nannies live twice below the poverty level; for non-domestic workers, the twice-poverty rate is 17 percent.
Marie Claire
October 6, 2023
The bill could worsen graduation rates and hurt lower-income families, experts said, and could also be a way to replace some immigrant labor as Florida and other GOP-led states continue to crack down on undocumented workers.
“Are we willing to return to a world where we accept that children of the poorest families are working more than full-time jobs under hazardous conditions?” said Jennifer Sherer, director of the Economic Analysis and Research Network at the nonprofit Economic Policy Institute.
Orlando Sentinel
October 6, 2023
Don’t worry — it’s still plenty to sustain a growing economy, said Elise Gould at the Economic Policy Institute.
“When we see job growth in excess of around 100,000, that means that not only are we keeping up with population growth, we’re pulling people in off the sidelines,” Gould said.
Gould sees a job market returning pretty close to pre-pandemic normal.
“The share of workers between 25 and 54 with a job is now at or higher than before, particularly for women. We have very low Black unemployment. So there are many metrics that look very much like 2019 — and even better.”
Marketplace
October 6, 2023
The “teacher pay penalty” — the gap between the wages of teachers and similarly educated professionals — hit a record high of 26.4% in 2022, according to an Economic Policy Institute report released Friday, as K-12 Dive reported.
EdSource
October 6, 2023
(That’s despite an increase in union representation; according to the Economic Policy Institute, in 2022, more than 16 million workers in the U.S. were represented by a union, an increase of 200,000 from 2021. While more jobs were unionized, nonunion jobs have been added to the economy at a faster rate.)
The Detroit Metro Times
October 6, 2023
As of 2021, childcare workers were making just $13.51 an hour, reportedly half of what the average worker in the U.S. earns, according to the Economic Policy Institute.
Fast Company
October 6, 2023
This “teacher pay penalty” has grown over the decades, according to the left-leaning Economic Policy Institute, hitting a new high in 2021. In 1996, teachers made close to 92 cents on the dollar.
USA Today
October 6, 2023
The “teacher pay penalty” — a measure of the gap between the weekly wages of teachers and similarly educated professionals — hit a record high of 26.4% in 2022, according to an Economic Policy Institute report released Friday.
K-12 Dive
October 6, 2023
It’s been a hell of a few years for American automakers; profits have been good, very good. Ford, General Motors, and Stellantis have made $250 billion since 2013, with another $32 billion on the way by the end of the year according to Economic Policy Institute. But there are dark clouds gathering for the Big 3 just beyond the smooth seas of profit; the student loan debt crisis.
Yahoo Autos
October 6, 2023
The Economic Policy Institute, a pro-labor research and policy think tank, describes wage theft as a “widespread epidemic that costs workers, their families, and communities billions of dollars each year.”
Orlando Weekly
October 6, 2023
The cost to low-wage workers is staggering. In St. Louis, for example, the city passed a higher minimum-wage ordinance in 2015, only to have it nullified by state law two years later. As a result, minimum-wage workers were robbed of $71.1 million in raises in a single year, according to figures compiled by the Economic Policy Institute.
The American Prospect
October 6, 2023
Underyling that legal dispute is a battle over Meta’s hiring practices and whether the technology giant illegally prefers to hire temporary foreign workers. Meta was one of the top H-1B employers in fiscal year 2022, with more than 1,500 approved petitions for new workers, according to an analysis from the Economic Policy Institute.
Bloomberg Law
October 6, 2023
Moreover, an analysis by the Economic Policy Institute — a nonprofit, nonpartisan think tank — of Bureau of Labor Statistics and National Labor Relations Board data found union membership in the United States increased from 2021 to 2022 by more than 200,000 workers.
Detroit Free Press
October 6, 2023
A report from the Economic Policy Institute found that in 2022 CEOs were paid 344 times as much as a typical worker. For context, in 1965 CEOs were paid 21 times as much as a typical worker. This rise in pay isn’t a result of CEO productivity, according to the report, but rather a reflection of the influence CEOs have over determining their pay through increased bargaining power.
Cleveland Scene
October 6, 2023
The pandemic seems to have exacerbated an existing decline. This is partly due to the pay discrepancy teachers face compared to their college-educated peers. According to a 2021 report by the Economic Policy Institute, teachers earn an average of 23.5% less than comparable college graduates.
Napa Valley Register
October 6, 2023
“What the tangible effect of it is for the average middle-class person is if you live in a right-to-work state you make, on average, $10,000 less every single year,” Nichols said.
Various other studies have come up with other figures, including one by the Economic Policy Institute that pegs the differential at closer to $7,000. And it also is true that the average wage in Arizona is about $2 an hour less than the national average.
Arizona Capitol Times
October 6, 2023
A 2023 analysis by the Economic Policy Institute (EPI) finds that US auto industry jobs could rise by 150,000 if battery electric vehicles sales reach 50% by then and the vehicle market share of US-assembled vehicles increases to 60% from today’s 50%.
Clean Technica
October 6, 2023