Although many entrepreneurs draw on family wealth to start a business, that option may not be available for Black entrepreneurs. For one thing, a 2017 Economic Policy Institute analysis of 2013 Survey of Consumer Finance data found that white Americans have an average of $678,737 in wealth compared to $95,261 for Black Americans. Even among college degree holders, the median wealth for white Americans was $180,500 compared to $23,400 for Black Americans, and the median wealth for white Americans with graduate degrees was $293,100 compared to $84,000 for Black Americans, the analysis found. Meanwhile between 1950 and 1970, Black home buyers bought 60,100 homes purchased under predatory contracts and paid on average at least $587 more in today’s dollars per month than they would’ve paid with FHA loans, thus losing between an estimated $3.2 billion and $4 billion in today’s dollars, according to a 2019 report by the Samuel DuBois Cook Center on Social Equity at Duke University.
As of mid-2018, the Economic Policy Institute estimated that 740,000 workers were already covered by predictive scheduling laws at that point in time. Assuming this trend continues, we could very well see predictive scheduling laws become the rule rather than the exception by about 2025. While this legislation is largely targeted at the retail, food service and hospitality industries, any organization dealing with dynamic demand or that regularly makes schedule changes close to the start of the shift should evaluate predictive scheduling as an organizational policy. Research shows that flexible scheduling improves employee engagement and productivity. The reality is that today’s talent seeks it out, and smart employers are establishing voluntary flexible scheduling policies in order to attract and retain top talent at a time when employees have more choices than ever before. There are proven benefits for employers, too. With unemployment at a 10-year low, the battle for bright minds is intense. As predictive scheduling laws roll-out in more jurisdictions, there will be increased pressure on employers to adopt predictive scheduling policies voluntarily. For those who enact these policies in advance of new legislation, employees will likely to celebrate the change as one that recognizes their need for flexibility and work-life balance – an added benefit for the organization.
Homelessness and the housing crisis are not a force of nature, but are created as a natural result of our economy the elite have rigged to benefit themselves. According to a recent report from the Economic Policy Institute, Reno was 26th most unequal city out of 900 metro areas, and Nevada was the fourth most unequal state.
While ILRWG’s report indicates that the Summer Work Travel program poses problems for workers, it also claims that the program offers benefits and loopholes for employers. “The J-1 has virtually no meaningful regulations that protect workers,” said Daniel Costa, director of immigration law and policy research at the Economic Policy Institute. That is partially due to the fact that the J-1 program is not overseen by the Labor Department, but instead by the State Department, an agency with “no mandate or expertise in labor standards” said Costa.
The growing shortfall is well documented. The Economic Policy Institute, a nonpartisan think tank in Washington, D.C., reports that the shortage of teachers nationwide from preschool through high school worsened from 64,000 in the 2015-2016 academic year to 110,000 just two years later. The agency projects the shortfall will reach at least 200,000 by 2025.
Child care in Colorado is more expensive than in-state tuition at a four-year public college, according to the Economic Policy Institute. Parents in Colorado shell out $15,325 for infant care on average every year or $1,277 each month.
Virginia’s infant care costs families $1,426 more annually than the average in-state tuition for a four-year college in the commonwealth, according to a study released by the left-leaning Economic Policy Institute. The cost is also only 1.9 percent lower than the average cost of rent.
On the heels of an Economic Policy Institute survey that found childcare for babies in Colorado costs 60% more than public university tuition, MyVillage has announced that it will give away a year of free, high quality childcare to a deserving family, valued at more than $13,000.
Child care has become one of the biggest expenses faced by families in the United States. According to the Economic Policy Institute, annual infant care, on average, costs thousands of dollars, ranging from about $5,400 in Mississippi to more than $24,000 in Washington, D.C.
The widening gap between ordinary wage-earners and the leadership class of CEOs and investors have steered perhaps $.37 trillion in cash from employees to employers since 2009, according to the left-wing Economic Policy Institute.
Average CEO compensation at the 350 largest US firms in 2018 was $17.2 million a year, including stock options, which generally account for two-thirds of their pay packages, according to a study by the Economic Policy Institute.
CEOs running America’s top 350 companies made an average of $17.2 million each last year, 278 times the salary of their average worker. That’s according to a new analysis conducted by the Economic Policy Institute (EPI) which found that CEO pay grew nearly 1,000% in the U.S. since 1978 while the average compensation level of all private-sector workers only increased by around 12%. While the CEO-to-typical-worker compensation ratio stood at 278-to-1 in 2018 when realized stock options were factored in, it was just 20-to-1 in 1965 and 58-to-1 in 1989.
A new report from the Economic Policy Institute details how CEO compensation has increased by at least 940 percent since 1978. In 2018, the average CEO pay at the top 350 companies was $17.2 million when measuring stock options at their realized value, or $14 million when measuring stock options at their granted value. Using those inputs, the ratio of CEO pay to the average worker’s pay in 2018 was 278-to-1 or 221-to-1, compared to 20-to-1 in 1965 and 58-to-1 in 1989. The report explains that ballooning CEO pay has been a driving force behind rising income inequality and urges policymakers to increase marginal income tax rates for top earners and raise taxes on corporations with high CEO-to-worker pay ratios, among other reforms.
A new report from the Economic Policy Institute shows that over the past 40 years, inflation-adjusted compensation for CEOs has increased by 940 percent, while compensation for the typical worker has increased only 12 percent.
As Josh Bivens, director of research at the Economic Policy Institute, recently noted, wage growth (adjusted for inflation) steadily increased by about 2 percent in the years following the Great Recession, but then accelerated in 2018, rising from 2.8 percent to 3.3 percent, although it’s lost momentum in the past six months — down to 3.1 percent.
That’s according to a new report from the left-leaning Economic Policy Institute (EPI), which found that CEO pay peaked in 2000 at about $21 million a year (in 2018 dollars). In 2018, CEOs at major companies made an average of $17.2 million in compensation, hundreds of times more than the annual average pay of the typical worker.
“The ratio of CEO-to-worker compensation was 278-to-1 in 2018 — far greater than the 20-to-1 ratio in 1965 and 4.8 times greater than the 58-to-1 ratio in 1989,” the report says.
The EPI looked at the 350 largest U.S. firms and measured compensation both with stock options realized and with the value of stock options granted. Both measures also include salary, bonuses, restricted stock grants and long-term incentive payouts.
A new study by the Economic Policy Institute provides one of the most detailed looks at historic CEO and worker pay and finds the game is fixed. Average CEO pay has risen by an astounding 940 percent since 1978, and during that same 40-year period worker pay rose just 12 percent.
CEO compensation has increased by 1,007.5% over the past three decades while workers have seen their pay rise by about 12%, according to a new report by the Economic Policy Institute (EPI).
“CEO compensation is really high, and it’s really grown tremendously over the last four decades,” Lawrence Mishel, an economist at the D.C.-based left-leaning think tank told Yahoo Finance. “Workers have not done very well at all. This really matters because CEO compensation sets the pattern for executive pay more broadly and has helped fuel the growth of the top 1%.”
Economists at the liberal Economic Policy Institute say paying tipped workers the minimum wage increases earnings and reduces poverty among these employees. Since the law was never enacted, it’s impossible to know how the increased wage would have impacted employment.
To determine the most expensive places to raise a family, 24/7 Wall St. reviewed median cost of living data from the Economic Policy Institute for a family of four — two parents and two children — for each U.S. county and county equivalent. Only counties and other equivalent areas with at least 10,000 residents were considered. Data on the median family income, monthly childcare costs, and population also came from EPI.
MARATHON COUNTY, Wis. (WSAW)– A new report from the Economic Policy Institute shows child care in Wisconsin costs more per year than in-state public college. Local providers and businesses are looking at ways to raise awareness about the need for quality care that people can afford.
The study reports that the average Wisconsin family could spend more than 18 percent of its income on child care.
The study, from the Economic Policy Institute, revealed childcare is two percent less expensive than average monthly rent in Virginia. 8News spoke to one family who said they pay almost double their mortgage to send their two children to daycare.