Going one step further, the International Monetary Fund linked corporate profits to 40% of price inflation while the Economic Policy Institute documented over 50%.
Forbes
October 6, 2023
These dramatic increases were “the direct result of the policy choice to allow pandemic-era relief programs like the Child Tax Credit to expire,” said Economic Policy Institute researchers Kyle K. Moore and Adewale A. Maye in a recent report.
Capital & Main
October 6, 2023
According to the Economic Policy Institute, PLAs – otherwise known as Community Workforce Agreements – are effective mechanisms for controlling construction costs, ensuring efficient completion of projects, and establishing fair wages and benefits for all workers. PLAs also help ensure worker health and safety protections while providing a unique opportunity for workforce development.
Afro News
October 6, 2023
In the same time period that donations of corporate pretax profits have shrunk, executive salaries have skyrocketed. The CEO-to-worker compensation ratio reached 399 to 1 in 2021, a new high, according to a report from the Economic Policy Institute. That’s up from 59 to 1 in 1989, the report found.
The Chronicle of Philanthropy
October 6, 2023
According to the Economic Policy Institute, Union membership was at its highest in 1945, just after World War II was ending, the percentage of national workers represented by Union today is down to about 10%. Yet public support for labor unions is at its highest since 1965 with over two thirds of Americans supporting them. Unions are proven to reduce income inequality and get workers better wages and benefits. Is it possible we’ll see a resurgence?
USA Today
October 6, 2023
One of every four Dollar General employees makes less than $10 an hour, over half under $12, notes an Economic Policy Institute study of 2021 survey data. Even notoriously low-wage Walmart was paying workers, that same year, at least $12 an hour.
Inequality.org
October 6, 2023
When hiring picked up later that year, low-wage workers — like those in restaurants and hotels — had more bargaining power at the individual level, said Elise Gould, a senior economist at the Economic Policy Institute. As a result, wages began to grow.
“Low-wage growth between 2019 and 2022 [was] much faster than any other business cycle that we’ve had in the U.S.,” Gould said.
Restaurant Dive
October 6, 2023
A new survey from the Economic Policy Institute pinpoints the ratio between the CEOs and median paid workers at all publicly traded U.S. companies last year at 344-to-1.
American Prospect
October 6, 2023
But to assess the two visits to Michigan mainly in terms of their potential effect on the 2024 election is to think too small. The single most important trend in US economic life in recent decades has been the rise of income inequality, which was overwhelmingly driven by anaemic growth in wages for all but the very highest-paid workers.
Financial Times
October 6, 2023
Jared Bernstein, the chair of the US Council of Economic Advisers, says the disconnect between the data and Americans’ views of the economy probably has a lot to do with persistent sticker shock.
“I think it all comes down to inflation,” Bernstein said during a Wednesday policy briefing at the Economic Policy Institute in Washington. “I think it’s about prices. I think we’re trying to talk to people about disinflation, and what they really want is deflation. They want their old prices back, dammit.”
Business Insider
October 6, 2023