The average top American CEO took home $22.2 million in 2023, according to data from the Economic Policy Institute. Meanwhile the average American earns roughly $59,228 per year, according to the Bureau of Labor Statistics.
Salon
December 9, 2024
“We know the labor market doesn’t exist in a vacuum,” said EPI’s Gould. “Policymakers have a role to play in keeping the economy strong. I think what we’ve seen is measured rate cuts, and I think we will continue to see that.”
She added: “It’s yet to be seen what policymakers coming in are going to do that could impact the labor market; but it is a quite strong labor market that the transition is walking into.”
CNN Business
December 9, 2024
The left-leaning Economic Policy Institute has called on Chavez-DeRemer to fight for at least a $14 billion budget for the agency and defend the Biden rule to expand overtime protections to 4 million workers in court. The group also wants her to refuse to reinstate the Trump-era Payroll Audit Independent Determination program, which allowed employers to self report wage-and-hour violations to avoid penalties and litigation, among other promises.
EPI and the National Employment Law Project are also urging Chavez-DeRemer to finalize a standard to protect workers from heat on the job.
“If workers truly have an ally in Chavez-DeRemer, she will advance policies that improve workers’ lives,” EPI’s Director of Policy and General Counsel Celine McNicholas wrote. Chavez-DeRemer’s support of those policies “will reveal whether the second Trump administration will actually aid working-class Americans or be a continuation of his first administration’s agenda attacking workers’ rights,” McNicholas said.
Bloomberg Law
December 9, 2024
“The latest jobs data says the labor market is still going strong,” Elise Gould, senior economist with the Economic Policy Institute, wrote in a post on social media. “After the softer numbers in October from the weather and striking workers, November bounces back with strong job growth along with upward revisions.”
The Hill
December 9, 2024
“The latest jobs data says the labor market is still going strong,” Senior Economist with the Economic Policy Institute Elise Gould posted on X. “After the softer numbers in October from the weather and striking workers, November bounces back with strong job growth along with upward revisions. On average, the economy added 173k jobs the last 3 months”
The Center Square
December 9, 2024
Elise Gould, senior economist at the left-leaning Economic Policy Institute, said the three-month average of job growth at 173,000 jobs shows a fairly strong labor market.
States Newsroom
December 9, 2024
If Trump successfully deports millions of workers, the consequences could be economically devastating, says Daniel Costa, who leads the immigration law and policy research team at the Economic Policy Institute. Most significantly, deporting these workers would cause the remaining workers to pay higher prices for necessary goods like food and gas.
Jacobin
December 9, 2024
A study by the Economic Policy Institute compared the economies of states with strong collective bargaining laws with so-called “right-to-work” states from 2011 to 2018. “Those ‘right-to-work’ states see slower economic growth, lower wages, higher consumer debt levels, worse health outcomes, and lower levels of civic participation,” one of the study’s authors, Frank Manzo, told Wisconsin Watch.
The Progressive Magazine
December 9, 2024
While employers demand more from entry-level applicants, the wages offered for these positions have not kept pace with inflation. A study by the Economic Policy Institute found that, adjusting for inflation, the median hourly wage for recent college graduates declined by 7.9% between 2000 and 2019.
WFLA-TV (Florida)
December 9, 2024
For corporations, though, the economy has been booming. According to the Economic Policy Institute, corporate profits and inflation over the pandemic have been linked.
Newsweek
December 9, 2024