Karakatsanis doesn’t mention wage theft in this passage, but according to data from the Economic Policy Institute, U.S. employers steal as much as $50 billion a year from workers in the form of unpaid wages.
Current Affairs
January 12, 2024
Christian Science Monitor
January 12, 2024
“Many workers are harmed by employer misclassification—particularly those in the lowest-wage and most difficult jobs, such as nail salon workers, truck drivers, and construction workers,” the Economic Policy Institute said in a written statement. A previous EPI report on misclassification estimated thousands of dollars in lost income annually for workers in various job types who are deemed independent contractors instead of employees.
Bloomberg Law
January 12, 2024
About 89% of all employers host compulsory captive audience meetings when their workers try to organize, according to National Labor Relation Board (NLRB) documents. A report by the Economic Policy Institute estimates that those meetings slash election win rates from 73% to 47%.
The Stranger
January 12, 2024
More than ever, teacher pay is at crisis levels, with what this report from the Economic Policy Institute pinpoints as pay existing at “26.4% less than other similarly educated professionals in 2022—the lowest level since 1960.”
Education World
January 12, 2024
Another issue for teachers is low pay: A report from Sylvia Allegretto, a senior economist at the Center for Economic and Policy Research who’s also a research associate at the Economic Policy Institute, found the pay penalty for teachers and comparable college graduates who were working was at a record large gap in 2022 — a pay penalty of 26.4%.
Business Insider
January 12, 2024
Despite the tapering off, 165,000 is not too shabby. According to Elise Gould, the senior economist at the Economic Policy Institute, the Q4 monthly average exceeds “what’s necessary to keep up with working age population growth.”
ArcaMax
January 12, 2024
Right now, the cost of child care is out of reach for many of our state’s families. According to the Economic Policy Institute, the annual cost of child care in West Virginia for an infant is nearly $9,000.
Charleston Gazette-Mail
January 12, 2024
In 2021, salaries grew at the fastest pace for the top 0.1% of earners, while the bottom 90% of workers saw their annual wages edge lower, according to a study from the Economic Policy Institute.
Business Insider
January 12, 2024
Josh Bivens, chief economist at the left-leaning Economic Policy Institute, said although Trump’s comments are “bad,” he thinks a 2024 crash would be “very surprising.”
“For now, the economy is strong and there’s no glaring vulnerability like a huge asset market bubble someplace — spending is mostly being financed out of earnings from a strong labor market,” he said. “So, my expectation is for a quite strong 2024. There are always wild cards like some crazy geopolitical shock, but the economic fundamentals of the U.S. look good for 2024.”
The Hill
January 12, 2024