Between 1979 and 2024, productivity in the U.S. rose 80.9%, while hourly pay grew by only 29.4%, according to the Economic Policy Institute.
MoneyWise
October 21, 2024
The left-leaning, pro-union Economic Policy Institute published a report in 2021 suggesting that a transition to EVs could create over 150,000 new jobs …
Detroit News
October 21, 2024
Supporting a family in the U.S. has become challenging even for working parents with good salaries. In 79 of the 100 largest U.S. metropolitan areas, the cost of basic necessities for a family of two adults and two children – not including retirement, college or emergency savings – exceeds the median family income for that area, according to data from the Economic Policy Institute, a left-leaning think tank. For many families, even high earners, making ends meet requires making compromises or taking on debt.
MarketWatch
October 21, 2024
Trends in CEO compensation generally mirror those of the stock market, in part because their pay packages have largely been tethered to stock performance for five decades. But a recent analysis by the Economic Policy Institute found that realized compensation for CEOs — including base salary, bonuses, stock awards and stock options — fell 19.4 percent from 2022 to 2023, a strong period for the U.S. economy and for Wall Street.
“This is probably the first time I can remember where we saw stock market go up and [CEO] pay go down,” said Josh Bivens, chief economist at the Economic Policy Institute, a left-leaning think tank. It’s left researchers questioning “whether this is a blip or some promising evidence that CEO pay is getting a little more disciplined.”
CEO compensation has soared 1,085 percent since 1978, according to the EPI’s analysis, compared with a 24 percent rise for the typical worker, so the idea that corporate boards have suddenly gotten more disciplined about CEO pay is “a little hard to believe,” Bivens said.
The Washington Post
October 21, 2024
The report by Governing for Impact, the Economic Policy Institute, and Child Labor Coalition proposes actions the Biden-Harris administration can take in response to a recent surge in child labor violations around the country and a trend of some states passing legislation that rolls back state-level child labor protections.
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Nina Mast, policy and economic analyst at the Economic Policy Institute and a co-author of the report, said: “At the time when we’re seeing violations on the rise, and we’re simultaneously seeing states go back on their commitment to raising standards to be above federal minimums, I think it’s really urgent that we address our federal standards and raise them for children across the country who may be working in hazardous environments or in an environment that is not appropriate for someone of their age.”
The Guardian
October 21, 2024
It’s also the most economically unequal place in the US: According to the Economic Policy Institute, the top 1% of residents in the metro area earn 132 times the income of the bottom 99% of residents.
Business Insider
October 21, 2024
“State governments across the US are taking steps to eliminate protections for minors as rates of child labor violations, injuries and chronic school absenteeism rise, according to a report released on Wednesday. The report by Governing for Impact, the Economic Policy Institute, and Child Labor Coalition proposes actions the Biden-Harris administration can take in response to a recent surge in child labor violations around the country and a trend of some states passing legislation that rolls back state-level child labor protections.
The Damage Report
October 21, 2024
Our sources
Phone interview with Adam Hersh, senior economist at the Economic Policy Institute
Politifact
October 21, 2024
And pay has been generally rising, rising faster than inflation for 16 months in a row, according to the Economic Policy Institute. Wage growth has, the EPI says, been strongest for lower-wage workers.
Atlanta Journal Constitution
October 21, 2024