Florida is close to last in terms of pay for average pay for veteran teachers, according to the NEA report. Ranked at 48 out of 51 positions, veteran educators in the state are paid an average of $51,009 — $1,384 above the minimum living wage needed for one adult and one child as determined by the Economic Policy Institute. The only states with a worse average salary for teachers are West Virginia, South Dakota and Mississippi.
Employers also frequently employ anti-union tactics during elections: A 2009 paper from the left-leaning Economic Policy Institute found that 96% of employers “mounted a campaign against the union” during an election. In cases where employers did mount an anti-union campaign, workers won just 48% of elections — compared to 72% of elections won when there was no campaign.
Instead, direct your ire at the most powerful in society — not the person taking your order. The average CEO at the biggest 350 U.S. companies is paid $17 million a year, and their pay soared 940% over four decades, the Economic Policy Institute, a progressive think tank, said.
Perhaps you think employers can’t afford to pay workers more because inflationary pressures are eating into their profits. Dream on. Corporate profits are so high right now that Josh Bivens of the Economic Policy Institute last week proposed a short-term windfall profits tax. From the start of the Covid pandemic to the end of 2021, corporate profits rose 53.9 percent, Bivens reported, while labor costs increased only 7.9 percent. By comparison, during the previous four decades, corporate profits averaged 11.4 percent and labor costs increased 61.8 percent. So now is hardly the time to break out the violin for corporate America.
For workers, winning a vote to form a union is only the first step in a steep and lengthy slog. Some employers drag out the negotiating process. Others simply refuse to talk. A 2009 Economic Policy Institute study found that fewer than half of new collective bargaining units have a contract after a year, only 70 percent after three years.
Despite the growth, NEA data shows that Arizona teachers are still paid well below other college graduates in the state. Citing a reporting from the Economic Policy Institute, Arizona public teachers make about $0.68 for every dollar earned by other workers with comparable degrees.
In addition to the federal guidelines, each state has adopted its own guidelines for employers, which should be reviewed for every state where your clients have workers. According to the Economic Policy Institute (EPI), more than 20 states have adopted the ABC test for determining whether an individual is an employee or an independent contractor.
Even if wage hikes continue at the torrid 8.1% pace of 2019-21, it would take 10 years for a worker in the 20th percentile of wages to reach $20 an hour, according to calculations by Lawrence Mishel, a distinguished fellow at the Economic Policy Institute, cited by Fast Company.
A substantial bloc of economists are contending that wages are receiving too much blame for inflation. A recent analysis across 110 industries by the Economic Policy Institute, a progressive think tank based in Washington, concluded that wage growth wasn’t correlated with the surge in costs that suppliers dealt with last year, suggesting that much of inflation could still be stemming from other forces, like supply chain imbalances.
According to the Economic Policy Institute, a nonprofit think tank, a single adult can expect to pay an estimated $11,026 on housing in 2022. This amount varies across the country, however. In some states housing costs are far lower than the national average, while in others, Americans are paying thousands more.
The Economic Policy Institute, who has now completed their Company Wage Tracker project, aimed at compiling data showing how 66 big name retail and food industry companies pay workers less than $20 per hour. The project then breaks down the data into more discrete pay brackets to show the discrepancies between wages, from executive level to front line workers.
“Low pay is not limited to ‘mom-and-pop’ stores—it is also widespread in big box stores, restaurants, and grocery stores that often have high CEO pay and revenue,” said Ben Zipperer, economist at Economic Policy Institute. “A higher minimum wage and unions can put corporate greed in check and raise wages throughout the labor market.”
McDonald’s workers have some of the lowest wages in the fast-food industry, according to new data released by the Economic Policy Institute (EPI). The Wage Tracker project from EPI found that 23% of McDonald’s workers make less than $10 per hour, based on survey results collected in March and November 2021.
In 2021, median CEO compensation reached $20 mn, a 31 percent increase from the previous year due to big jumps in stock awards and cash bonuses based on market performance and company productivity. CEO pay consists of wages plus bonuses, long-term incentives and stock options, which comprise around 85 percent of CEO compensation, according to Lawrence Mishel of the Economic Policy Institute.
Rising unemployment and recessions go hand in hand. When the economy is in a downturn, companies have to make cuts to stay afloat. In the case of the COVID recession, young adults were hit the hardest by pandemic-related job losses, according to a report from the Economic Policy Institute, a left-leaning think tank.
According to the Economic Policy Institute, between 2011-12, 57.9% of non-education Ph.D. students worked as graduate student assistants. In my own undergraduate education here at IU, they have been insightful discussion leaders and great advisors in office hours. Indeed, graduate student workers do all this at a fraction of a tenured professor’s salary, all the while the administration rakes in tuition money.
Productivity rises faster than wages. Since the Economic Policy Institute published the famous alligator graph first in the 1980s with the wide jaws of productivity going up and wages going down, workers have been giving more to the economy than they have been getting.