According to the Economic Policy Institute, up to $50 billion is stolen from American workers through wage theft every year. For comparison, the FBI estimates the total value of 2019 robberies to be $482 million, meaning employers stole one hundred times more from Americans than did traditional thieves.
The field of education is currently in crisis. The gap between teacher pay and that of other college graduates has hit a record high. According to a report by the Economic Policy Institute (EPI), teachers were paid on average 24 percent less than comparable college graduates were paid in 2021, a record high gap since the group began examining such data.
Robinson did not mention a specific pay-raise amount to reach peer-professional pay. But in its recent Top Education Issues 2023-24 report, the Public School Forum got specific: 24.5%. The Forum drew on the analysis of the Economic Policy Institute, which has tracked national trends in teacher pay for two decades.
Studies show that gender price discrimination can cost women in practical, physical, and financial ways. Data from the Economic Policy Institute show that women still make about twenty percent less on the dollar than men. Similar numbers from various studies show that women are likely to spend more for necessities like healthcare, clothing, and housing as compared to similarly situated men.
A 2015 report from the Economic Policy Institute found that public sector employees in “right-to-work” states and states that prohibit collective bargaining in the public sector make less than their private-sector peers. Unions, however, can help fill that gap.
These politicians are focused on protecting their wealthy donors, who pay less into Social Security than ever. The Economic Policy Institute (EPI) recently found that as inequality increases, a record share of all earnings are above the $160,200 cap on Social Security contributions.
The Economic Policy Institute (EPI) maintains that unions help reduce income inequality by “improving wages and benefits for all workers,” and “reduce racial disparities in wages and raise women’s wages, . . . counteracting occupational segregation, discrimination, and other labor market inequities related to structural racism and sexism. When unions are strong, they set wage standards for entire industries and occupations; they make wages more equal within occupations; and they close pay gaps between white workers and workers of color.”
Gender inequality: The long-term care workforce has a high percentage of women due partly to their history as primary caregivers, providing informal care to a child, spouse or parent. According to the Economic Policy Institute, a large majority of residential long-term care workers are women, accounting for 80.9%, with the highest concentration among LPNs and RNs at 91.0% and 89.4%, respectively. Men in the long-term care industry make up a larger share of food services and maintenance at 34.3% and 33.7%, respectively.
And an analysis by the Economic Policy Institute finds that in the same year, workers in the bottom 30 percent of the wage distribution were the only ones to experience real wage gains. That is, these workers saw a wage increase even after accounting for inflation.
Washington Center for Equitable Growth
March 10, 2023
“There’s lots of social programs to advance further what they did in the Inflation Reduction Act, which is all very positive,” said Larry Mishel, who served as president of the Economic Policy Institute, a left-leaning think tank. “They’re going to stay on the same trajectory.”
In 1983, 90% of earnings were subject to Social Security taxes, which was a record high following the reforms Congress put in place, according to the Economic Policy Institute. In 2021, 81.4% of all wages were subject to Social Security taxes, as income inequality has led more earnings of high wage workers to fall over the cap.
Many Americans are essentially indentured servants to an overclass that continues to amass wealth and power, while failing to pass on their largesse to their employees. Between 1978 and 2018, CEO pay skyrocketed by more than 900%, while worker pay grew by just under 12%, according to a report by the Economic Policy Institute.
Over the past several years, prosecutors across the country have become increasingly involved in wage theft cases, which affect millions of workers. Between 2017 and 2020, losses amounted to billions of dollars of stolen wages, according to a report from the Economic Policy Institute, a Washington-based think tank.
Yet it’s more likely that the equity grants, which tend to constitute the bulk of outsized compensation packages, understate the executives’ ultimate pay. More often than not, according to a study by Josh Bivens and Jori Kandra of the labor-affiliated Economic Policy Institute dating back to 1965, executives’ realized compensation — that is, the amount they received by exercising stock and option grants — has exceeded the reported value of those grants the year they were awarded.
Last year production and nonsupervisory laborers saw their wages grow faster than the rest of the American workforce’s by the most since at least 2007, according to the Economic Policy Institute. The Atlanta Fed Wage Tracker shows a similar trend, with the lowest earners outpacing the highest ones by the most in decades.
Inflation-adjusted wages for teachers have remained mostly flat since 1996, according to a 2022 Economic Policy Institute assessment. It’s no wonder the proportion of college graduates that go into teaching is at a 50-year low. Even accounting for teachers’ benefits packages, they make 14 percent less than other college graduates.
Popularity for unions is higher than it’s been in recent memory. According to a recent Gallup poll, 71 percent of Americans say they approve of labor unions. In 2022, more than 60 million workers wanted to join a union but could not. Despite growing support for unions and an uptick in union election petitions across the country, union density has declined over last several decades as anti-worker corporations have gone to great lengths to suppress workers’ rights to form a union. According to the Economic Policy Institute, employers spend nearly $340 million dollars a year to hire union busting firms to help them stop workers from organizing,
According to the Economic Policy Institute (EPI), childcare is unaffordable for typical families in New York, as infant care for one child would take up 22.1% of a median family’s income. For low-income families, childcare would eat up 62.7% their earnings.
“For low-income workers, if they can put away $2,000 and get a 50-cent match for each dollar, that’s a significant boost to them,” said Monique Morrissey, economist at the Economic Policy Institute. “That will help, but it’s several years into the future. So right now, we see that these [auto-IRA] plans help in terms of convenience.”
In California and across the country, teachers are navigating a difficult terrain: making enough money to afford living in the districts where they serve. Research by the Economic Policy Institute’s Sylvia Allegretto found that public school teachers nationally make nearly 24% less in weekly earnings than similarly credentialed college graduates in other fields. When benefits such as healthcare were taken into account, the total compensation penalty was 14%, the widest gap since 1979.
The stores typically operate with lean staffing, and their employees, by some measures, are paid at the bottom of the retail industry’s scale. According to a survey by the Economic Policy Institute, a liberal think tank, 92% of Dollar General workers earn less than $15 an hour, lower than many other companies surveyed, including Burger King, Walmart and Dunkin’. About 20% of Dollar General workers earn less than $10 an hour.
A proposed $21.25 hourly minimum wage would benefit 41.8% of the state’s Black workforce directly or indirectly, according to nonprofit think tank Economic Policy Institute (EPI). That’s roughly 508,600 Black New Yorkers estimated to receive an earnings boost if the Raise the Wage Act is passed.
Takano’s bill has been endorsed by major labor unions like AFL-CIO, United Food and Commercial Workers and Service Employees International Union, as well as the Congressional Progressive Caucus, which is made up of over 100 members of Congress. Takano first introduced a version of the bill in 2021, with the support of groups like the Economic Policy Institute.
The CBPP and other policy groups are warning that — unless the Fed stops raising interest rates—the already shaky economy is likely to plunge into recession, putting millions of people out of work. Further rate hikes “pose a dire threat to what could be an excellent 2023 for the economic prospects of America’s working families,” Josh Bivens, of the left-leaning Economic Policy Institute, said in a blog post.