Research is clear that unionized workers have higher earnings. In 2020, for example, an Economic Policy Institute study found union workers make 11% more than nonunion workers.
The Messenger
November 9, 2023
Child care for a 4-year-old costs $9,773, meaning a typical family in Pennsylvania would have to spend 31.9% of its income on child care for an infant and a 4-year-old, according to research from the Economic Policy Institute.
Observer Reporter
November 9, 2023
“Tipped workers in states that eliminated the subminimum wage enjoy higher earnings, face less harassment on the job, and are less likely to live in poverty,” according to Human Rights Watch, citing studies from The Economic Policy Institute, the One Fair Wage campaign, and others.
USA Today
November 9, 2023
Since the 1970s, the nation’s wealth and income gap has widened dramatically. Between 1978 and 2019 (the most recent data available), the richest 0.1 percent of Americans increased their earnings by 341 percent in inflation-adjusted dollars, while the earnings of the typical worker grew only 18 percent between 1978 and 2020, according to the Economic Policy Institute.
The Progressive Magazine
November 9, 2023
Wage theft is also a significant problem across the US. The Economic Policy Institute reports over $3 billion was recovered for workers between 2017 to 2020. That’s just the tip of the wage theft iceberg that it estimated at $50 billion annually back in 2014.
JD Supra
November 9, 2023
According to the Economic Policy Institute, the median savings in both employer-sponsored and individual retirement accounts for all working-age households is around $95,776. That’s a great cushion to have, and if you can reach a similar number earlier in your career, you’re giving that money a chance to grow exponentially over your remaining working years.
Motley Fool
November 9, 2023
While the federal minimum wage since 2009 has remained $7.25, 30 states have set theirs higher, according to the left-leaning Economic Policy Institute. While just four states and the District of Columbia now guarantee a minimum wage at or above $15, eight states are on pace to get there by 2026 or sooner.
The 74
November 9, 2023
“Low-wage, low-hours workers were hit hardest in the Covid-19 recession,” the Economic Policy Institute said in May, announcing its annual State of Working America report. OK, makes sense. But then how do you explain this chart?
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In reality, both the EPI and Yardeni are correct, although about different aspects of the labor market. The EPI points out that during the pandemic, average hourly earnings were artificially boosted by the disappearance of many jobs at the bottom of the income ladder. Taking those very low-wage jobs out of the calculation made the average of those remaining higher. Some of those jobs have since returned, but not all.
Bloomberg BusinessWeek
November 9, 2023
The pay penalty between teachers and comparable college graduates has been getting worse over the last several years, per an analysis from Sylvia Allegretto, a senior economist at the Center for Economic and Policy Research and a research associate at the Economic Policy Institute.
Business Insider
November 9, 2023
The decline in labor bargaining strength is mainly due to weak federal labor law, which makes it difficult to form a union or bargain collectively. The loss of worker power has, over the last 40 years, led to distorted results where CEO compensation has shot up 1,209% while a typical worker’s compensation increased only 15.3%, according to the Economic Policy Institute.
The Messenger
November 9, 2023