According to the Economic Policy Institute, from 1978 to 2013, CEO compensation, inflation adjusted, increased 937%. That’s more than double stock market growth and much more than the 10% growth in a typical worker’s compensation over the same period. In 2013, average CEO pay was $24.8 million, and the CEO-to-worker compensation ratio was 510.7-to-1.
Forbes
April 24, 2019
If you don’t have any retirement savings, don’t panic. You have plenty of company; more than half of American families have no retirement savings, according to the Economic Policy Institute.
The Motley Fool
April 24, 2019
Monique Morrissey, 52, a retirement economist at The Economic Policy Institute, had a string of low-paying jobs at non-profits when she started out in the working world, but she was never much of an obsessive saver. She lived off her student stipend and borrowed money from her brother to make rent every month during grad school.
Money
April 24, 2019
That’s according to an analysis by Economic Policy Institute, a nonpartisan think tank supported partially by teachers’ unions. The teacher weekly wage penalty reached a record 21.4 percent in 2018.
Education Week
April 24, 2019
The Economic Policy Institute issued an analysis today that found teachers were paid 21.4% less in 2018 in weekly wages than similar college graduates after accounting for education, experience, and other factors.
The Atlanta Journal Constitution
April 24, 2019
For a single person starting out on their own in the San Francisco metro area it takes roughly $69,000 to afford basic expenses, according to the Economic Policy Institute, a left-leaning think tank. “Once you pay your mortgage and put food on the table and get to and from work you don’t have a whole lot left over to pay your debt,” said Elise Gould, a senior economist at EPI.
MarketWatch
April 24, 2019
Being so close to the nation’s capital isn’t doing Virginia any favors when it comes to housing prices or cost of living. According to the Economic Policy Institute, the cheapest metro area in the state is Richmond—and even there, you would need about $83,000 to live off of, almost $30,000 more than the average teacher makes.
Reader's Digest
April 24, 2019
“Segregation by race and by income have indeed gotten worse over time,” said Emma Garcia, an economist at the Economic Policy Institute. “Some may argue that the demographics of the student population changed over time too, but the reality is that schools don’t reflect the diversity of the country — they reflect a system that does not offer equal opportunities to all students depending on their race, origin, or socioeconomic status.”
Yahoo Finance
April 24, 2019
The trustees overseeing Social Security say the retirement program’s cost will exceed its income in 2020. Ali Velshi takes a closer look at Social Security’s financial situation with Economic Policy Institute economist Monique Morrissey.
MSNBC
April 24, 2019
While the district and DCTA argue over the amount of the raise, both agree that teachers need one. Teacher pay continues to lag behind the pay of other college-educated workers, according to a 2016 report published by the Economic Policy Institute, a left-leaning think tank. “In 2015, public school teachers’ weekly wages were 17 percent lower than those of comparable workers—compared with just 1.8 percent lower in 1994,” the report states. Expect to see more strikes, particularly in cities like Denver, where a tech boom has increased the cost of living for all workers.
The Brookings Institution
March 22, 2019
Until the mid-1990s, teachers were paid almost as much as other educated workers, according to the Economic Policy Institute’s analysis of Labor Department data. As of 2017, the most recent year for which data is available, they were paid an average of 18.7 percent less. Their 7.6 percent advantage in benefits does not close the gap.
Washington Post
March 22, 2019
Eight states do not have a lower minimum wage for tipped workers. New Mexico’s rate, $2.13, is the federal minimum, used by 17 states, according to the left-leaning Economic Policy Institute.
Santa Fe New Mexican
March 20, 2019
Until the mid-1990s, teachers were paid almost as much as other educated workers, according to the Economic Policy Institute’s analysis of Labor Department data. As of 2017, the most recent year for which data is available, they were paid an average of 18.7 percent less. Their 7.6 percent advantage in benefits does not close the gap.
Washington Post
March 20, 2019
While the district and DCTA argue over the amount of the raise, both agree that teachers need one. Teacher pay continues to lag behind the pay of other college-educated workers, according to a 2016 report published by the Economic Policy Institute, a left-leaning think tank. “In 2015, public school teachers’ weekly wages were 17 percent lower than those of comparable workers—compared with just 1.8 percent lower in 1994,” the report states. Expect to see more strikes, particularly in cities like Denver, where a tech boom has increased the cost of living for all workers.
The Brookings Institution
March 20, 2019
According to the Denver Post, an agreement over base pay has been concluded, with a miserly increase of $2,545 a year or just over $200 a month, before taxes. A recent report by the Economic Policy Institute says that $92,426 per year is needed to support a family of four in Denver, one of America’s most expensive cities, whereas teachers’ starting pay will only be $45,800.
World Socialist Web Site
March 20, 2019
Nine Texas cities are among the nation’s 50 top markets for buying Airbnb investment property. Yet the Economic Policy Institute cautions against looking at Airbnb’s potential for moneymaking without a healthy dose of skepticism.
Dallas News
March 20, 2019
Honestly, though, it’s not surprising. Missouri Republicans have had supermajorities in the state House and Senate for as long as I can remember. They’re used to marching to the beat of their own drum—even when that drum is out of step with the rest of Missouri. Earlier in the 2018 election cycle, Missouri voted on Proposition A: whether or not we should enact Right to Work. Right to Work is a usually Republican-led law that looks to strip power from labor unions. According to the Economic Policy Institute, Right to Work states tend to have lower wages and less rights for workers.
The University News
March 20, 2019
The Board of Directors of the National Academy of Social Insurance has approved the election of 45 distinguished social insurance experts to the Academy, adding to the total active Membership of over 1,100. (A complete list of individuals newly-elected to the Academy can be found below.)
National Academy of Social Insurance
March 20, 2019
Washington, D.C. – During today’s U.S. House Energy and Commerce Subcommittee on Communications and Technology hearing on the T-Mobile/Sprint merger, witnesses raising concerns about the proposed merger offered detailed and extensive documentation and analysis, while merger supporters relied on vague and unsubstantiated claims.
Public
March 20, 2019
The economist Milton Friedman got it wrong when he said a firm’s business is to maximize profits, Jones said. A firm that focuses on profits above all else “is not sustainable.” Consider the growing level of income inequality and all the social distortions that come with it—populism, disgruntled low-skilled workers, displacement. According to the Economic Policy Institute, American workers saw pay gains since 1978 of 11 percent, adjusted for inflation. CEOs? 937 percent increase, a 70 percent faster pace than the stock market.
Wealth Management
March 20, 2019
Just as one teachers’ strike ended in Los Angeles another continues in Denver. Many teachers report being happy with their jobs but are unable to make ends meet, which is why salaries are the primary bone of contention in these strikes. Teachers have a strong case to make that they need and deserve more pay, given the discrepant pay between teaching and comparable professions: Teachers earned 4.3 percent less than workers with similar education and experience in 1996, a gap that grew to 17 percent in 2015, according to the Economic Policy Institute.
The Hill
March 20, 2019
In 1982, according to the Economic Policy Institute, the average CEO earned 50 times the average production worker. Today, the CEO Pay Ratio’s increased to 144 times the average worker with most of the gains a result of stock options and awards.
Nasdaq
March 20, 2019
“I think we’re at a tipping point,” says Thea Lee, who leads the lefty Economic Policy Institute, which is skeptical of free trade agreements. “You could see Democrats retreat to their comfort blanket. My hope is we can convince people that’s not an option. We’re not going to go back to the status quo ante. What we need to do is have a forward-looking vision.”
VOX
March 20, 2019
In all, nearly 2 million low-wage workers in both states will get a raise in 2019, according to an analysis by the left-leaning Economic Policy Institute.
VOX
March 20, 2019
The Raise the Wage Act of 2019 would increase wages for 38 percent of all African-American workers, and 23 percent of white workers, according to the Economic Policy Institute report. Wade Luneburg, political director with hospitality union Unite Here, said no Minnesotan who works full time should have to live in poverty.
Public News Service
March 20, 2019
Let’s talk about what that $15 minimum wage bill would do, though, because Republicans should have to face consequences for their actions, and working people should know what Republicans are doing to them. Here’s the bottom line, from the Economic Policy Institute: “All told, raising the minimum wage to $15 by 2024 would directly or indirectly lift wages for 39.7 million workers, 26.6 percent of the wage-earning workforce.” The average worker who would be directly affected—that is, who would get a raise because they earned less than the new minimum wage—would get an extra $4,000 in pay if they work all year.
Daily Kos
March 20, 2019
“It’s astronomical what people need just to make it month to month,” said Heidi Shierholz, a former chief economist at the Department of Labor who and now with the Economic Policy Institute, a think tank, to The Washington Post in December. “Given the high cost of transportation, housing, health care … There is often no wiggle room.”
New York Daily News
March 20, 2019