Even in times of expansion, there has been little change in the fundamentals of an enormous wealth gap, persistent wage gap, disproportionate levels of unemployment, low workforce participation, limited fields of occupation, and a half-century of stunted growth of the middle class, according to The Unfinished March, a 2013 symposium by the Economic Policy Institute.
The Messenger
September 29, 2023
Many of those jobs have returned with higher wages. Between 2019 and 2022, wages have increased at the fastest rate for workers in the bottom 10 percent of jobs in terms of pay — including many of those hospitality jobs like cooks, servers and housekeepers — according to a study by the Economic Policy Institute.
19th News
September 29, 2023
This astounding inequity has spread across the economy. The Economic Policy Institute reports that over the last 45 years, adjusting for inflation, CEO compensation in America’s 300 largest companies has risen 1,460% while a typical worker’s pay grew by just 18%.
The Washington Informer
September 29, 2023
The Economic Policy Institute recently reported that child labor violations have increased by nearly 300 percent since 2015, and the Labor Department found more than 800 violators during the past fiscal year.
Food Safety News
September 29, 2023
The U.S. economy is facing headwinds from a possible government shutdown, student debt payments restarting, higher interest rates and an autoworkers’ strike, White House economic adviser Jared Bernstein said on Wednesday.
The economy will keep going in a “pretty good way” unless there is a policy mistake or exogenous shock, he added, speaking at an event at the Economic Policy Institute, a progressive think tank.
Reuters
September 29, 2023
The movement to sign the CROWN Act into law at the state level has gained momentum. As of 2023, 24 states and the U.S. Virgin Islands have enacted a related law, according to the Economic Policy Institute, including Massachusetts, New York, New Jersey, and most recently Michigan and Texas. The latter was the 24th state to implement the law, which officially went into effect on Sept. 1.
The Week
September 29, 2023
CEO pay in the US has grown 1,322% since 1978, according to the Economic Policy Institute. Such astronomical CEO pay is a very American problem. Not only do American CEOs far out-earn their workforces, they also out-earn their peers in other countries.
BBC
September 29, 2023
In contrast, the Economic Policy Institute, a left-leaning think tank, believes that strikes benefit workers. As with most controversial issues, the truth is likely in-between, and must be evaluated on a case-by-case basis, rather than with blanket, one-size-fits-all conclusions.
The Hill
September 29, 2023
But, the pay disparity is even larger than it initially appears. Across the U.S., auto manufacturing workers have seen real hourly wages fall by more than 19% since 2008, according to the left-wing Economic Policy Institute.
The Messenger
September 29, 2023
The country’s shifting demographics were at play in the broader trend, said Elise Gould, a labor economist at the Economic Policy Institute, a think tank that studies policies for low- and middle-income workers. Many people just starting out in their career are from growing Black, Hispanic and Asian populations, who are entering the workforce just as more tenured White employees retire.
Bloomberg
September 29, 2023