The White House, naturally, didn’t agree. One official argued that the Bidenomics messaging extended well beyond manufacturing, as evidenced by several other papers and speeches on the president’s economic policy. The official also highlighted research from the Economic Policy Institute that found manufacturing industries have among the strongest linkages to jobs in other sectors, meaning a loss in manufacturing jobs affects jobs in other sectors.
Politico West Wing Playbook
September 22, 2023
And between 1978 and 2021, executive compensation at large American companies increased by more than 1,400 percent, the left-leaning Economic Policy Institute said.
It climbed 37 percent faster than stock market growth and 18 percent faster than average full-time worker pay over the same period, the EPI analysis found.
Politico
September 22, 2023
Nationwide, autoworkers’ average real hourly earnings has fallen 19.3% since 2008, according to research from the left-leaning Economic Policy Institute.
CNBC
September 22, 2023
Profits at Ford, General Motors and Stellantis have grown 92% from 2013 to 2022, totaling $250 billion, according to the Economic Policy Institute. During that time, the CEOs at Ford, GM and Stellantis have seen their salary jump 40%.
Michigan Advance
September 22, 2023
During the country’s 2008 economic crisis, the auto industry was at extreme risk; GM and Chrysler (now Stellantis) agreed to bankruptcy and government-supported restructuring, according to the Economic Policy Institute September 12 article, UAW-automakers negotiations pit falling wages against skyrocketing CEO pay. While this deal saved jobs throughout the auto sector, it came with steep costs to workers. Union workers agreed to a wage freeze, entry of lower-wage “tiered” workers, and other concessions affecting retiree pensions and health care benefits, the article continued. In 2009, the companies suspended contractual cost of living adjustments and have not had one since.
Texas Metro News
September 22, 2023
Profits at the Big Three collectively rose by 92 percent, and CEO compensation jumped 40 percent from 2013 to 2022, according to an analysis by the Economic Policy Institute released last week.
Inflation has eaten into auto manufacturing workers’ average hourly wages, which dropped 19.3 percent in real dollars since 2008, the left-leaning think tank found.
The Hill
September 22, 2023
Adjusted for inflation, wages for autoworkers in the United States have fallen 19 percent since 2008, according to the Economic Policy Institute, a left-leaning research group.
New York Times
September 22, 2023
Factoring in the nation’s 350 largest companies, the CEO-to-worker pay ratio was 20-to-1 in 1965, according to the Economic Policy Institute. That figure jumped to 59-to-1 in 1989 and 399-to-1 in 2021, EPI researchers said. The CEO-to-worker pay ratio for S&P 500 firms was 186-to-1 in 2022, according to executive compensation research firm Equilar.
CBS Moneywatch
September 22, 2023
Profits at the Big Three firms increased by 92 percent in the last decade and CEO pay increased by 40 percent in the same period, according to an analysis from the Economic Policy Institute.
The Hill
September 22, 2023
Those across-the-board spending cuts reduced federal grants to states by $5.8 billion and took the biggest toll on Wyoming, Utah, North Dakota, Montana and South Dakota, according to the Economic Policy Institute.
Route Fifty
September 22, 2023