Yet it’s more likely that the equity grants, which tend to constitute the bulk of outsized compensation packages, understate the executives’ ultimate pay. More often than not, according to a study by Josh Bivens and Jori Kandra of the labor-affiliated Economic Policy Institute dating back to 1965, executives’ realized compensation — that is, the amount they received by exercising stock and option grants — has exceeded the reported value of those grants the year they were awarded.
LA Times
March 3, 2023
Last year production and nonsupervisory laborers saw their wages grow faster than the rest of the American workforce’s by the most since at least 2007, according to the Economic Policy Institute. The Atlanta Fed Wage Tracker shows a similar trend, with the lowest earners outpacing the highest ones by the most in decades.
Bloomberg
March 3, 2023
Inflation-adjusted wages for teachers have remained mostly flat since 1996, according to a 2022 Economic Policy Institute assessment. It’s no wonder the proportion of college graduates that go into teaching is at a 50-year low. Even accounting for teachers’ benefits packages, they make 14 percent less than other college graduates.
The Hill
March 3, 2023
The COVID pandemic weakened the global economy. … But most shamefully, while the Economic Policy Institute reports America’s annualized…(paywall).
The Virginian-Pilot
March 3, 2023
Popularity for unions is higher than it’s been in recent memory. According to a recent Gallup poll, 71 percent of Americans say they approve of labor unions. In 2022, more than 60 million workers wanted to join a union but could not. Despite growing support for unions and an uptick in union election petitions across the country, union density has declined over last several decades as anti-worker corporations have gone to great lengths to suppress workers’ rights to form a union. According to the Economic Policy Institute, employers spend nearly $340 million dollars a year to hire union busting firms to help them stop workers from organizing,
UAW
March 3, 2023
According to the Economic Policy Institute (EPI), childcare is unaffordable for typical families in New York, as infant care for one child would take up 22.1% of a median family’s income. For low-income families, childcare would eat up 62.7% their earnings.
GO Banking Rates
March 3, 2023
“For low-income workers, if they can put away $2,000 and get a 50-cent match for each dollar, that’s a significant boost to them,” said Monique Morrissey, economist at the Economic Policy Institute. “That will help, but it’s several years into the future. So right now, we see that these [auto-IRA] plans help in terms of convenience.”
CNBC
March 3, 2023
In California and across the country, teachers are navigating a difficult terrain: making enough money to afford living in the districts where they serve. Research by the Economic Policy Institute’s Sylvia Allegretto found that public school teachers nationally make nearly 24% less in weekly earnings than similarly credentialed college graduates in other fields. When benefits such as healthcare were taken into account, the total compensation penalty was 14%, the widest gap since 1979.
The Guardian
March 3, 2023
The stores typically operate with lean staffing, and their employees, by some measures, are paid at the bottom of the retail industry’s scale. According to a survey by the Economic Policy Institute, a liberal think tank, 92% of Dollar General workers earn less than $15 an hour, lower than many other companies surveyed, including Burger King, Walmart and Dunkin’. About 20% of Dollar General workers earn less than $10 an hour.
Seattle Times
March 3, 2023
A proposed $21.25 hourly minimum wage would benefit 41.8% of the state’s Black workforce directly or indirectly, according to nonprofit think tank Economic Policy Institute (EPI). That’s roughly 508,600 Black New Yorkers estimated to receive an earnings boost if the Raise the Wage Act is passed.
New York Amsterdam News
March 3, 2023
Takano’s bill has been endorsed by major labor unions like AFL-CIO, United Food and Commercial Workers and Service Employees International Union, as well as the Congressional Progressive Caucus, which is made up of over 100 members of Congress. Takano first introduced a version of the bill in 2021, with the support of groups like the Economic Policy Institute.
Truthout
March 3, 2023
The CBPP and other policy groups are warning that — unless the Fed stops raising interest rates—the already shaky economy is likely to plunge into recession, putting millions of people out of work. Further rate hikes “pose a dire threat to what could be an excellent 2023 for the economic prospects of America’s working families,” Josh Bivens, of the left-leaning Economic Policy Institute, said in a blog post.
CBS News
March 3, 2023
Nearly 92% of domestic workers in the United States are women, and more than half are Black, Hispanic, or Asian American, the Economic Policy Institute estimated in 2020.
Christian Science Monitor
March 3, 2023
The bad news is that the share of the workers represented by a union fell from 11.6% to 11.3%, according to Bureau of Labor Statistics data mined earlier this year by the Economic Policy Institute.
The Buffalo News
March 3, 2023
Republican politicians are focused on protecting their wealthy donors, who are paying less into Social Security than ever. The Economic Policy Institute (EPI) recently found that as inequality increases, a record share of all earnings are above the $160,200 cap on Social Security contributions.
Inequality.org
March 3, 2023
The national average for retirement savings varies depending on age, but according to the Economic Policy Institute, the median retirement savings for all working age households in the US is around $95,776. This figure includes both employer-sponsored retirement accounts and individual retirement accounts (IRAs). It is important to note that this number does not include social security benefits, which are not considered retirement savings.
Forbes
March 3, 2023
Access to abortion, as well as the cultural milieu associated with that position, is certainly one of many factors people consider when determining where to live, work or start a business. It is also noteworthy that states with abortion bans tend have a cluster of other negative attributes. For example, such states generally have not expanded Medicaid; have higher murder and poverty rates and lower minimum wages; dominate the lists of worst schools in the country; and claim a disproportionate number of counties with the lowest life expectancy. As a report by Asha Banerjee of the Economic Policy Institute confirms, “the states enacting abortion bans are the same ones that are economically disempowering workers through other channels.”
The Washington Post
March 3, 2023
The COVID pandemic weakened the global economy. … But most shamefully, while the Economic Policy Institute reports America’s annualized…(paywall).
The Virginian-Pilot
March 3, 2023
Access to abortion, as well as the cultural milieu associated with that position, is certainly one of many factors people consider when determining where to live, work or start a business. It is also noteworthy that states with abortion bans tend have a cluster of other negative attributes. For example, such states generally have not expanded Medicaid; have higher murder and poverty rates and lower minimum wages; dominate the lists of worst schools in the country; and claim a disproportionate number of counties with the lowest life expectancy. As a report by Asha Banerjee of the Economic Policy Institute confirms, “the states enacting abortion bans are the same ones that are economically disempowering workers through other channels.”
The Washington Post
March 3, 2023
The COVID pandemic weakened the global economy. … But most shamefully, while the Economic Policy Institute reports America’s annualized…(paywall).
The Virginian-Pilot
March 3, 2023
Moreover, according to the Economic Policy Institute, it took more than a decade for Black and Asian households to recover their prerecession median incomes.
Fast Company
February 24, 2023
EPI’s Sherer said that the Iowa bill, “shocking and extreme” as it is, fits a larger trend emerging in multiple states — eight by current count, including New Hampshire, Wisconsin, and Minnesota — “to roll back child labor protections,” she said. “It’s the latest variation on the push that industry lobbyists have been making since the [beginning of the] Fair Labor Standards Act.”
Ambrook Research
February 24, 2023
According to a 2022 analysis from the Economic Policy Institute, the unemployment rate among Hispanic workers in Pennsylvania is 8.6% — which is the highest in the country.
WHYY
February 24, 2023
The Economic Policy Institute, a think tank in Washington, said in a statement that the UC strike, which took place across its 10-campus system, “has been described as the largest higher education strike in U.S. history.”
The Hill
February 24, 2023
If Tesla did retaliate, it wouldn’t be the first. A new study from Economic Policy Institute found that employers in nearly 40 percent of union elections face charges of violating federal law. But remember that it is “charged” and not “found guilty of.” Undoubtedly, the union doesn’t file for every violation and doesn’t get every violation correct. How many violations actually occur isn’t clear, but it is clear that companies often act poorly when it comes to union drives.
Inc.
February 24, 2023
An Economic Policy Institute study on “right-to-work” in 2021 in Montana found that the median hourly wage of union workers in Montana is $22.85, compared with $16.95 for nonunion workers, and nationally union workers make 11% more.
Daily Montanan
February 24, 2023
And this all reminded me about a conversation I had last year with Heidi Shierholz. She’s the president of the Economic Policy Institute. And last year, we talked about this idea of retaliation against workers organizing unions. And to be clear, we’re talking about this in general, not about Tesla.
HEIDI SHIERHOLZ: It is not legal for employers to retaliate against workers for organizing. It is not legal for employers to fire workers for organizing. So that shouldn’t be happening. This should not be an issue.
NPR
February 24, 2023
The Economic Policy Institute (EPI) lays the blame for our national tipping culture on the 1966 amendments creating a so-called “tip credit” to the Fair Labor Standards Act. According to EPI, “The creation of the tip credit—the difference, paid for by customers’ tips, between the regular minimum wage and the sub-wage for tipped workers—fundamentally changed the practice of tipping.”
LA Progressive
February 24, 2023