According to the latest annual report on chief executive compensation by the Economic Policy Institute (EPI), the heads of the 350 largest publicly owned U.S. companies saw their 2023 pay shrink by an average 19.4 percent compared to 2022. The reason for that decline is a bit hazy, though it’s clear from the numbers those CEOs will survive. On average, top corporate bosses took home total packages worth $22.2 million last year, down from $27.6 million in 2022. The drop, the study noted, “was large compared” with what it said were stable or higher average stock values of companies involved, and the wider Wall Street boom.
Inc.
October 21, 2024
In 2023, however, overall CEO compensation—which includes salary, bonuses, stock awards, and stock options—actually dropped by nearly 20%, according to a recent analysis by the Economic Policy Institute (EPI). That means CEOs were only paid 290 times as much as the average worker, a sharp decline from previous years. (Just a year before, in 2022, CEOs received 360 times the pay of the average worker.)
Fast Company
October 21, 2024
The Milwaukee Journal Sentinel
October 21, 2024
Some state governments are gutting child protections as rates of child labor violations, injuries and chronic school absenteeism rise, according to a report released Tuesday.
Produced by the Governing for Impact, the Economic Policy Institute and the Child Labor Coalition, the report suggests actions the Biden-Harris administration can take to combat a surge in child labor violations around the country, including a trend of some states passing legislation to roll back child labor protections.
EdSource
October 21, 2024
Features interview with Adam Hersh as part of EPI Action on Trump/Harris economic policies.
Fox 40 Sacramento
October 21, 2024
Josh Bivens, chief economist at the Economic Policy Institute Action: He says Harris’ plans seem realistic, especially expanding the insulin cap to more Americans. There’s just some question of how her plans could be implemented.
NerdWallet
October 21, 2024
USA Today recently chronicled some of the challenges children in the US face getting to school, including a 7-year-old in Chicago who had a two-hour commute due to the city school district suspending bus service for students who attend magnet schools and other specialized programs. The report cited Economic Policy Institute data indicating that the number of bus drivers fell by 15% between 2019 and 2023. At the same time, chronic absenteeism among students has been climbing in recent years.
Tech Brew
October 21, 2024
Guests:
Brendan Duke, senior director of Economic Policy for the Center For American Progress
Monique Morrissey, senior economist for the Economic Policy Institute
Resources:
Center for American Progress: Project 2025’s Tax Plan Would Raise Taxes on the Middle Class and Cut Taxes for the Wealthy
EPI Action: A Republican takeover would benefit billionaires, not you
KALW San Francisco
October 21, 2024
“The U.S. is an outlier among advanced economies in its extremes of income and wealth inequality,” says Monique Morrissey, an economist with the Economic Policy Institute, a nonpartisan think tank.
Next Avenue
October 21, 2024
A number of mostly Republican-controlled states have weakened child labor protections in recent years and a second Trump administration would likely escalate the deregulatory push, as per plans laid out in Project 2025, according to a report released Wednesday.
The 55-page report, Protecting Children From Dangerous Work, was prepared by Governing for Impact, the Economic Policy Institute, and Child Labor Coalition. It includes harrowing stories of teenagers killed on the job, documents right-wing plans for increased minor involvement in dangerous work, and calls for action by the U.S. Labor Department to strengthen and codify legal protections for workers under age 18.
Common Dreams
October 21, 2024