Since the crash, average hourly wages for workers in vehicle manufacturing, adjusted for inflation, have fallen by nearly twenty per cent, according to a recent study by the Economic Policy Institute. The automakers, meanwhile, have seen enormous financial success. By 2013, the Treasury Department had sold its last stakes in Chrysler and G.M. and lifted restrictions on executive compensation. In the past decade, profits at the Big Three have almost doubled. The companies have spent billions on stock buybacks, and C.E.O. pay has gone up by forty per cent; Mary Barra, the C.E.O. of G.M., earned twenty-nine million dollars last year.
The New Yorker
November 3, 2023
In 2022, CEOs were paid 344 times more than the typical worker, according to the Economic Policy Institute. In 1965, CEOs were paid 21 times more than the typical worker.
TheStreet
November 3, 2023
According to research by the Economic Policy Institute, a nonprofit think tank, the Department of Labor’s Wage and Hour Division, which is supposed to investigate reports of abuse in H-2A, has seen little increase in funding since 2006. In that time the number of H-2A workers has increased more than 500%.
As a result, the odds that an H-2A farm will be inspected are less than 1%, which can lead to a low level of compliance with labor laws, said Daniel Costa, director of immigration law and policy research at the Economic Policy Institute and author of the report. “Farms can pretty much do whatever they want and there’s a very low likelihood they’ll ever be investigated,” he said in an interview.
Investigate Midwest
November 3, 2023
Across industries, CEO compensation fell 14.8% year-over-year in 2022, though CEOs were paid 344 times as much as a typical worker in contrast to 1965 when they were paid 21 times as much, according to the Economic Policy Institute, a Washington, D.C., think tank.
Detroit News
November 3, 2023
Economic Policy Institute, in a report published last year in October, said that the “CEO pay has skyrocketed 1,460 per cent since 1978” and that “CEOs were paid 399 times as much as a typical worker in 2021”.
The Independent
November 3, 2023
Between 1978-2022, top CEO compensation jumped 1,209.2% compared with a 15.3% increase in a typical worker’s pay, according to the Economic Policy Institute. Last year, CEOs were paid 344 times as much as a typical worker. By contrast, in 1965, CEOs earned 21 times as much as a typical worker.
Tulsa World
November 3, 2023
Fast Company
November 3, 2023
In some cases, married couples have advantages that simply don’t exist for single individuals, such as with income taxes.
“It used to be that the tax brackets were structured in such a way that if two people were earning money and then they combine their incomes, they would pay more taxes after they were married,” Monique Morrissey, senior economist at the Economic Policy Institute, tells CNBC.
She’s alluding to what’s known commonly as the marriage tax penalty or bonus.
CNBC
November 3, 2023
“I don’t think anybody can be taken really seriously if they say that they want to extend those tax cuts, add more on top of them, and also somehow say that they care about the deficit,” said Samantha Sanders, director of government affairs and advocacy at the left-leaning Economic Policy Institute.
The Washington Post
November 3, 2023
That history demonstrates that today’s advances in automation and AI will not inevitably lead to mass unemployment, as some predict. But some industries, and some people, are always affected more than others. One thing that remains constant is the power dynamics involved in these transitions: Who is driving them? Who benefits? Who loses?
Stanford Social Innovation Review
November 3, 2023