Fain spoke earlier Friday at an Economic Policy Institute conference, and said the union has been “complacent for my entire 29 years,” and that it has been a major source of frustration for him.
“This strike is about righting the wrongs of the past and winning justice for all of our members,” added Fain. “Strikes and the threat of strikes by a unified membership are what delivers.”
Barron’s
October 13, 2023
According to an Economic Policy Institute report, “The top 1% earned 14.6% of all wages in 2021 — twice as high as their 7.3% share in 1979. The bottom 90% received just 58.6% of all wages in 2021, the lowest share on record.”
In These Times
October 13, 2023
According to the Economic Policy Institute (EPI), the top 1% of earners take home 21% of all the income in the country. Although a yearly salary of $421,926 is technically enough to punch your ticket to the 1%, the average annual income of the top 1% is $1,316,985.
GO Banking Rates
October 13, 2023
“Are we willing to return to a world where we accept that children of the poorest families are working more than full-time jobs under hazardous conditions?” said Jennifer Sherer, director of the Economic Analysis and Research Network at the nonprofit Economic Policy Institute, according to the article.
Raw Story
October 13, 2023
Fain spoke earlier on Friday at an Economic Policy Institute conference, and said the union has been “complacent for my entire 29 years,” and that it has been a major source of frustration for him. “This strike is about righting the wrongs of the past and winning justice for all of our members. Strikes and the threat of strikes by a unified membership are what delivers.”
Clean Technica
October 13, 2023
The disparity is more severe for Black and Hispanic women, who typically earn 65 cents and 58 cents on the dollar respectively compared to their male counterparts. Women with higher education levels face larger pay disparities, according to the Economic Policy Institute. Meanwhile, women are paid less than men with similar education backgrounds at almost every level, the EPI notes, and may face penalties for taking time out of the workforce for maternity leave or child rearing.
Semafor
October 13, 2023
“If you think they have any leverage, it is leverage to what end?” said Elise Gould, senior economist at the Economic Policy Institute, a Washington-based think tank focused on labor issues. “Share matters because if profits have been so high, wages could have done even better.”
Reuters
October 13, 2023
“While [year-over-year] wage growth ticked down to 4.2%, the annualized three-month change dropped significantly to 3.4%,” tweeted the Economic Policy Institute’s Elise Gould. Average hourly earnings growth peaked at 5.9% in March 2022. Finance executives in The CFO Survey projected their wage bills would grow 4% at the median in 2024.
CFO
October 13, 2023
State governments added 29,000 jobs in education and local governments, excluding education, added 27,000 jobs, which is good news considering how slow these jobs have been to return to pre-pandemic levels, economists said. State and local government employment is down 0.5% compared to its level before the pandemic, Economic Policy Institute analysis of BLS data shows.
Elise Gould, senior economist at the Economic Policy Institute, said the addition of healthcare jobs is not surprising given the aging population and demand for healthcare services. Despite concerns that leisure and hospitality wouldn’t bounce back from the economic harms businesses suffered in 2020, there are signs of a healthier sector in the report.
“Leisure and hospitality in particular is one where we saw the largest job losses and has been steadily sort of filling in that massive hole that happened in the spring of 2020,” Gould said.
States Newsroom
October 13, 2023