Real hourly earnings for auto workers have fallen 19% since 2008, according to the Economic Policy Institute. The Big Three, meanwhile, have made $21 billion in the first six months of 2023 alone, and have paid out billions in stock buybacks over the past 12 months. Their profits nearly doubled from 2013 to 2022.
Orlando Weekly
September 29, 2023
According to a study by the Economic Policy Institute (EPI), the average earnings of those in the top 10% of Americans were roughly $173,000 in 2020, the most recent data available.
MoneyWise
September 29, 2023
After accounting for inflation, auto workers’ wages have fallen about 5.4% between 2019 and July 2023, according to an analysis by the Economic Policy Institute, a liberal think tank.
The Wall Street Journal
September 29, 2023
The restrictions often apply to low-wage employees who do not appear to possess trade secrets that should prevent them from working for a competitor — fast-food workers, construction workers and hospitality staff, according to the Economic Policy Institute, a left-leaning think tank.
The Washington Post
September 29, 2023
So long as a facility offers the “prevailing wage”— which is notoriously low — it can avoid the minimum staffing requirement. The Economic Policy Institute found that long-term care workers (over 80 percent of whom are women and who are disproportionately Black and immigrant women) are substantially underpaid and most lack any employer-provided retirement or health benefits.
The Hill
September 29, 2023
And, largely because older workers make up a declining share of the overall workforce at the Big Three, autoworkers’ average real hourly earnings have fallen almost 20 percent since 2008, according to the left-leaning Economic Policy Institute.
The Atlantic
September 29, 2023
The Big Three saw profits leap 92% between 2013 to 2022 for a total of $250 billion, according to the Economic Policy Institute.
New York Daily News
September 29, 2023
CBS News put that in perspective: “Overall CEO pay at the Big Three companies rose 40% from 2013 to 2022, according to [the Economic Policy Institute].” Barra makes “362 times more than the typical GM worker, while Tavares makes 365 times more, according to company filings with the Securities and Exchange Commission. Farley at Ford makes 281 times more, filings show.”
The Washington Post
September 29, 2023
Since 2018, the Nonprofit Professional Employees Union has seen its ranks grow fivefold from 300 workers across 12 organizations in 2018 to 1,500 workers at nearly 50 organizations, according to the Associated Press. Those organizations include a number of local chapters of the ACLU as well as the National Immigration Law Center, the Economic Policy Institute, the Worker Rights Consortium, Jobs With Justice and the Animal Legal Defense Fund.
Forbes
September 29, 2023
According to the Economic Policy Institute, you need to earn at least $421,926 to be considered part of the top 1%. But the average earnings of this group was over $1.3 million, signaling just how rich this group is.
Forbes
September 29, 2023
Fain has repeatedly argued that at a time when Detroit’s automakers have racked up record profits, they should reward their workers, particularly because auto workers’ pay has fallen so far behind inflation (by 19 percent since 2008, according to one think tank)
Politico Magazine
September 29, 2023
Despite the new momentum, unions have a steep climb to reverse the decades- long decline. Recent union drives, while gaining attention, haven’t produced a plethora of new labor contracts. Many existing union members also are working under expired agreements while negotiations drag on. Current laws and regulations do little to help, says Margaret Poydock, a senior policy analyst with the Economic Policy Institute, a nonprofit think tank.
Barron’s
September 29, 2023
Over the past year, my colleagues in the Biden administration have presented compelling explanations of our approach to international trade. It is an approach that is unsurprisingly rooted in Bidenomics, specifically by recognizing two simple realities that EPI saw decades before most others.
The White House
September 29, 2023
To add context to CEO salaries, the Economic Policy Institute found that in 2021, the top 350 US CEOs made 399 times more than the average American’s annual salary. This disparity marks the widest gap the institute has recorded from 1965 to 2021.
Business Insider
September 29, 2023
The Economic Policy Institute calculated in 2022 that in the last four decades, CEO to average worker pay at big U.S. corporations jumped from less than 40 to 1 to 400 to 1.
Iowa City Press Citizen
September 29, 2023
There are more than 2 million domestic workers in the United States, according to a study by the Economic Policy Institute, a liberal research group. Laws similar to Chicago’s are on the books in San Francisco and Philadelphia.
Marketplace
September 29, 2023
Crucially, participation could be poised to keep rising. Department of Labor data show that the share of people moving into employment after being disconnected from the labor force—meaning they found a job without spending time searching for work—is at elevated levels, notes Elise Gould, a senior economist with the Economic Policy Institute. That, she says, means “the reserve of workers is much larger than the unemployment level would suggest.”
“It means there is still room to grow,” Gould adds.
Barron’s
September 29, 2023
Over the past year, my colleagues in the Biden administration have presented compelling explanations of our approach to international trade. It is an approach that is unsurprisingly rooted in Bidenomics, specifically by recognizing two simple realities that EPI saw decades before most others.
The White House
September 29, 2023
To add context to CEO salaries, the Economic Policy Institute found that in 2021, the top 350 US CEOs made 399 times more than the average American’s annual salary. This disparity marks the widest gap the institute has recorded from 1965 to 2021.
Business Insider
September 29, 2023
The Economic Policy Institute calculated in 2022 that in the last four decades, CEO to average worker pay at big U.S. corporations jumped from less than 40 to 1 to 400 to 1.
Iowa City Press Citizen
September 29, 2023
There are more than 2 million domestic workers in the United States, according to a study by the Economic Policy Institute, a liberal research group. Laws similar to Chicago’s are on the books in San Francisco and Philadelphia.
Marketplace
September 29, 2023
Quotes Elise Gould [paywall].
Barron’s
September 29, 2023
If Dollar General is in the running for America’s worst retail job, the pay doesn’t much help. Most of its employees make less than $12 an hour, and close to 1 in 4 make less than $10, according to an Economic Policy Institute study of 2021 survey data. That puts it below Walmart, which raised its hourly minimum to $12 in 2021 and bumped it to $14 this year.
Bloomberg
September 22, 2023
Landing in the top 10% is a fairly attainable goal for upwardly mobile Americans. A 2022 study by the Economic Policy Institute (EPI) found that the average earnings of those in the top 10% were roughly $167,629 in 2021.
MoneyWise
September 22, 2023
The J-1, according to the Economic Policy Institute, has a history of being used by employers to exploit cheap labor.
The Messenger
September 22, 2023
A 2020 study by the Economic Policy Institute found more than 70% of federal labor standards investigations of farms detect violations, ranging from wage theft to inadequate housing and other infractions.
But with one wage and hour investigator for every 175,000 workers, the federal labor department likely misses a wide swath of violations, the study found.
Greeley Tribune
September 22, 2023
According to the Economic Policy Institute, there have been at least 12 bills filed in 10 separate states over the past two years aimed at loosening child labor laws.
Action News Jax
September 22, 2023
A letter sent Wednesday to the Occupational Safety and Health Administration from David Michaels, who led the agency under President Obama, argues that “the agency’s grant of authority from Congress includes the power to protect workers’ mental health from workplace hazards.”
- Co-signers of the letter, which was provided exclusively to Axios, include the National Education Association and the Service Employees International Union. The left-leaning Governing for Impact and the Economic Policy Institute are also among the signers.
Axios
September 22, 2023
The ratio of CEO pay to the average, non-supervisory production worker at the biggest U.S. companies has jumped from less than 40 to 1 over the last four decades to nearly 400 to 1, the Economic Policy Institute calculated in 2022.
Reuters
September 22, 2023