Kroger Co.’s planned $24.6 billion acquisition of Albertsons Cos. could cost grocery workers $334 million in lost wages, a new study shows.
Cincinnati Business Courier
May 12, 2023
The class of 2023 is entering a job market “that is much stronger than it was just one year ago, stronger than it was before the pandemic even began,” said Elise Gould at the Economic Policy Institute.
Marketplace
May 12, 2023
A recent study by the Economic Policy Institute determined the deal would result in lower wages for 776,000 grocery workers in 55 metro areas. Collective annual pay for those employees will fall by $334 million, or about $450 per worker, Cincinnati Business Courier reports.
Baltimore Business Journal
May 12, 2023
“Unemployment rates remain low across the board and historically low for Black workers,” said Valerie Wilson, director of the Economic Policy Institute’s program on race, ethnicity and the economy.
CNBC
May 12, 2023
Research from the Economic Policy Institute shows that, after adjusting for inflation, teachers’ average weekly wages have been relatively flat since 1996 — almost 30 years.
Missouri Independent
May 12, 2023
It reached a record 23.5% in 2021, with teachers earning an average 76.5 cents for every dollar earned by other college-educated professionals, according to the Economic Policy Institute, a nonpartisan think tank.
Associated Press
May 12, 2023
Kroger is firing back after a report from the Economic Policy Institute claimed a merger between the Cincinnati-based grocer and Albertsons would cost workers over $300 million in lost wages annually.
Supermarket News
May 12, 2023
Cites EPI and Daniel Costa’s research
The Takeaway
May 12, 2023
Heidi Shierholz, president of the Economic Policy Institute, a liberal think tank, said there are currently no signs of a recession and if one erupts it will be due to Fed overreach.
“We are in the middle of a soft landing right now — we have shown we can bring down wage growth, bring down inflation,” she said.
Associated Press
May 12, 2023