A quick search shows that there is a broad range of officials — from those at UBS to Unite the Union, from Goldman Sachs and the European Central Bank to the US Economic Policy Institute (EPI) — suggesting that over half of all the current price markup is to do with corporate profiteering.
Jacobin
May 24, 2023
The predictions have proven prescient: Just a year after the decision, the Economic Policy Institute found that the rate of arbitration agreements, which was already on the rise before Epic Systems, had accelerated following the decision. EPI predicted that by 2024, 80 percent of non-union workers would be subjected to forced arbitration clauses.
Balls and Strikes
May 24, 2023
A study released last year by the Economic Policy Institute examined realized annual income, a measure that includes stock options found that CEOs at the top 350 publicly traded companies were paid $27.8 million on average in 2021, or 399 times more than a typical worker – up from 366-to-1 in 2020 and way up from 59-to-1 in 1989.
24/7 Wall St.
May 24, 2023
Bills to relax child labor laws were introduced in at least 10 states over the last two years, all backed by a mix of business groups, according to the Economic Policy Institute.
Chicago Sun Times
May 24, 2023
The Economic Policy Institute, which tends to publish its data in the fall of each year, reviewed a broader range of 350 U.S. companies and estimated the average ratio was 399:1 in 2021. This was up from 351:1 in 2020.
Waste Dive
May 24, 2023
Research by the Economic Policy Institute found that over the course of the last four decades, the share of younger telecom workers has fallen from around 19% to 7%.
The Fast Mode
May 24, 2023
Mast asserted that strong public opposition stopped deregulation bills in several states. In Virginia, she says, a subminimum wage bill for youth failed due to a public backlash.
But she was under no illusions about the ultimate goal of those advocating for looser child labor laws: “It is about taking us back to the time of economic opportunity for the few and exploitation for everyone else.”
The Progressive Magazine
May 24, 2023
In the last few decades, labor educators like Jennifer Sherer have analyzed child labor issues in other countries. Now, in her work at the Economic Policy Institute, she has been forced to refocus on domestic issues. Proposed legislation rolling back child labor laws “is an emerging and really accelerating trend,” Sherer told Future of the American Child fellows in Cleveland. “This question of how we will or whether we should regulate child labor has never been settled.”
National Press Foundation
May 24, 2023
Right now, the price of food doesn’t reflect any of those factors. In fact, according to an analysis by the nonpartisan Economic Policy Institute, corporate profits accounted for 54 percent of food price increases between 2020 and 2021. For the four decades prior, only 11 percent was attributed to corporate profits, the rest to the cost of labor.
Civil Eats
May 24, 2023
“It’s absolutely the case that many employers prefer tipping to paying adequate straight wages to employees,” Ben Zipperer, senior economist at the Economic Policy Institute, told Insider, adding, “the entire cost is paid for by the customer when workers have to rely on tips for wage increases.”
Business Insider
May 24, 2023