Wage theft amounts to about $60 billion a year according to reports by the Economic Policy Institute. Despite exposés, corporations regularly rip-off low-wage workers.
Counterpunch
September 22, 2023
Nevertheless, polls continue to show an excruciatingly close race between Biden and Trump (Trump 47-Biden 46 in the late-August CNN poll; Biden 44-Trump 42 in the early September Morning Consult poll). Heidi Shierholz, president of the Economic Policy Institute in Washington, told the New York Times, “I’ve never seen this big of a disconnect between how the economy is actually doing and key polling results about what people think is going on.”
The Messenger
September 22, 2023
Autoworker take-homes have been doing even worse. Their real wages have actually been sinking over recent years. Between 2008 and July 2023, analysts at the Economic Policy Institute reported earlier this week, real average hourly earnings for U.S. auto manufacturing workers fell 19.3 percent.
Inequality.org
September 22, 2023
According to the left-leaning Economic Policy Institute, profits at Ford, General Motors and Stellantis increased 92% from 2013 to 2022, totaling $250 billion. Forecasts for 2023 expect more than $32 billion in additional profits.
Michigan Advance
September 22, 2023
Profits at Ford, General Motors and Stellantis almost doubled between 2013 and 2022, totaling $250 billion, according to the Economic Policy Institute. Over the past four years of the now-expired UAW contract, vehicle prices increased 30% and CEO pay increased 40% while worker pay increased 6%.
Spectrum News 1
September 22, 2023
The number of workers involved in major work stoppages hit the highest levels in decades in the years before the Covid-19 pandemic, particularly in 2018 and 2019. After subsiding during the pandemic, the number of workers who went on strike grew by 50% in 2022, according to a report by the Economic Policy Institute.
CNN Business
September 22, 2023
Practically speaking, flat funding represents a budget cut because of inflation, as well as an expanding payroll due to cost-of-living adjustments and merit raises, said Celine McNicholas, general counsel and director of policy and governmental affairs at the left-leaning Economic Policy Institute.
“But it’s not so much a question of just keeping the agency functioning and avoiding furloughs,” said McNicholas, who served as an NLRB official during the Obama administration. “If you want the agency to function the way the Biden administration wants—to be a bright spot for labor—then it absolutely needs a funding increase.”
Bloomberg Law
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 21, 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 19, 2023