According to the Economic Policy Institute, adjusted for inflation, wages for autoworkers in the U.S. have fallen 19% since 2008.
Tech Crunch
September 22, 2023
One 2022 report by the Economic Policy Institute, a progressive think tank, found that industries with high numbers of H-2B workers accounted for nearly $1.8 billion in wage violations over the previous two decades.
HR Dive
September 22, 2023
However, despite the growing number of strikes, there are still 70% fewer strikes now in the U.S. compared to the early 1970s, according to the Economic Policy Institute.
Entrepreneur
September 22, 2023
The United Auto Workers strike against General Motors, Ford and Stellantis is now on its fourth day and it looks like labor actions are ramping up. Unifor, the union that represents autoworkers in Canada, is preparing to also go on strike against Ford starting at midnight. A major issue for striking workers, whether it’s in the auto or entertainment industry: how much top execs are getting paid. Adjusting for inflation, the typical worker’s pay has grown by just 18% since the late seventies. Compare that to the CEOs for America’s top 300 largest companies. Their compensation went up by more than 1,400%. That’s according to the Economic Policy Institute, a progressive think tank.
CNN 5 Things podcast
September 22, 2023
According to a 2020 Economic Policy Institute report, employers were charged with illegally firing workers in almost 20 percent of union elections.
Newsweek
September 22, 2023
Jennifer Sherer, director of the state worker power initiative for the Economic Policy Institute, said in an interview with Modern Retail that the deal creates a new model for other states to look at. The nine-member Fast Food Council will include two industry representatives, two franchisees, two employees, two employee advocates and a neutral chairperson, as well as non-voting state experts.
“It’s creating a new structure where workers from the industry themselves, along with government officials and industry representatives, are going to sit down with the data and experiences and each year have the ability to recommend new adjustments for wages,” she said.
Modern Retail
September 22, 2023
A report from the Economic Policy Institute noted that even if every penny of a $15 minimum wage was directed to price increases — rather than made up through reduced profits or improved productivity and streamlining — it would only boost prices by less than 0.5%. That is less than 100 times the rate of inflation the past two years, according to EPI.
GO Banking Rates
September 22, 2023
In another sign of resilience, the employment-population ratio among 25-54 year-olds is close to record levels, according to economist Elise Gould of think-tank the Economic Policy Institute.
At 80.9 percent, the figure is higher than it was pre-pandemic, above the level right before the Great Recession around 2008, and just slightly below the record level in 2000.
“I think that is showing a lot of strength,” she said.
AFP
September 22, 2023
An Economic Policy Institute analysis found that in the past decade, the Big Three have made $250 billion in profits, sent $66 billion of that to investors and raised CEO pay by 40%. Meanwhile, the average auto manufacturing worker is earning almost 20% less today than they did in 2008.
MSNBC.com
September 22, 2023
The lack of a COLA has contributed to US autoworkers’ average hourly earnings falling by nearly 20 percent in real terms since 2008, according to the Economic Policy Institute.
Mother Jones
September 22, 2023