After accounting for inflation, auto workers’ wages have fallen about 5.4% between 2019 and July 2023, according to an analysis by the Economic Policy Institute, a liberal think tank.
The Wall Street Journal
September 29, 2023
The restrictions often apply to low-wage employees who do not appear to possess trade secrets that should prevent them from working for a competitor — fast-food workers, construction workers and hospitality staff, according to the Economic Policy Institute, a left-leaning think tank.
The Washington Post
September 29, 2023
So long as a facility offers the “prevailing wage”— which is notoriously low — it can avoid the minimum staffing requirement. The Economic Policy Institute found that long-term care workers (over 80 percent of whom are women and who are disproportionately Black and immigrant women) are substantially underpaid and most lack any employer-provided retirement or health benefits.
The Hill
September 29, 2023
And, largely because older workers make up a declining share of the overall workforce at the Big Three, autoworkers’ average real hourly earnings have fallen almost 20 percent since 2008, according to the left-leaning Economic Policy Institute.
The Atlantic
September 29, 2023
The Big Three saw profits leap 92% between 2013 to 2022 for a total of $250 billion, according to the Economic Policy Institute.
New York Daily News
September 29, 2023
CBS News put that in perspective: “Overall CEO pay at the Big Three companies rose 40% from 2013 to 2022, according to [the Economic Policy Institute].” Barra makes “362 times more than the typical GM worker, while Tavares makes 365 times more, according to company filings with the Securities and Exchange Commission. Farley at Ford makes 281 times more, filings show.”
The Washington Post
September 29, 2023
Since 2018, the Nonprofit Professional Employees Union has seen its ranks grow fivefold from 300 workers across 12 organizations in 2018 to 1,500 workers at nearly 50 organizations, according to the Associated Press. Those organizations include a number of local chapters of the ACLU as well as the National Immigration Law Center, the Economic Policy Institute, the Worker Rights Consortium, Jobs With Justice and the Animal Legal Defense Fund.
Forbes
September 29, 2023
According to the Economic Policy Institute, you need to earn at least $421,926 to be considered part of the top 1%. But the average earnings of this group was over $1.3 million, signaling just how rich this group is.
Forbes
September 29, 2023
Fain has repeatedly argued that at a time when Detroit’s automakers have racked up record profits, they should reward their workers, particularly because auto workers’ pay has fallen so far behind inflation (by 19 percent since 2008, according to one think tank)
Politico Magazine
September 29, 2023
Despite the new momentum, unions have a steep climb to reverse the decades- long decline. Recent union drives, while gaining attention, haven’t produced a plethora of new labor contracts. Many existing union members also are working under expired agreements while negotiations drag on. Current laws and regulations do little to help, says Margaret Poydock, a senior policy analyst with the Economic Policy Institute, a nonprofit think tank.
Barron’s
September 29, 2023