Many workers are angry about how little they are paid — and who’s making more, if they can even find out. Chief executives outearn their workers by a ratio of 399 to 1, according to the Economic Policy Institute. A survey by the Pew Research Center found barely one-third of the nation’s employees described themselves as satisfied or very satisfied with their pay, with women and Blacks more likely to say they were unhappy. A 2020 survey by jobs platform Hired found women were offered less money for the same job title at the same company than male peers a majority of the time. And the American tradition of secrecy around remuneration is part of what makes these inequities possible.
The Washington Post
April 7, 2023
About half of private-sector businesses require workers to sign a non-compete agreement, which affects anywhere from 36 million to 60 million employees, according to 2019 data from the Economic Policy Institute. Polling shows a majority of Americans support largely banning the practice.
CT Public Radio
April 7, 2023
(Paywall) Quotes Jen on the victory of Brandon Johnson and the power and influence of organized labor in Chicago.
Crain's Chicago
April 7, 2023
Maryland is one of 30 states and Washington, D.C., that has a minimum wage higher than the federal rate of $7.25 per hour, according to the Economic Policy Institute, a nonprofit think tank based in the district.
The Daily Record
April 7, 2023
“There’s just tons of momentum, and once you slow the economy enough to get the unemployment rate moving up, it’s very hard to sort of turn that cruise ship back around,” said Josh Bivens, research director and chief economist at the Economic Policy Institute.
CNN
April 7, 2023
That would be the highest minimum wage in the country, but compared to Wall Street payouts, this demand is modest. New York City’s 190,800 Wall Street workers earned a combined $33.7 billion in bonuses for their 2022 performance. The Economic Policy Institute has calculated that raising the state’s minimum wage to $21.25 would cost far less — just $9.5 billion.
Inequality.org
April 7, 2023
The goal for price inflation is around 2%. The standard formula for target wage growth, said Elise Gould at the Economic Policy Institute, is that you add “long-term productivity growth — that’s about 1.5%,” she said. “So anything in the 3.5 range is certainly not going to be driving inflation.”
Marketplace
April 7, 2023
Josh Bivens, the chief economist at the Economic Policy Institute, a liberal think tank, said that while higher unemployment generally curbs wage growth and price pressures, wages “are no guide at all” right now with “the unexpected and weird shocks we’ve had over the past couple of years.”
The New York Times
April 7, 2023
(Paywall) Quotes Jen on the victory of Brandon Johnson and the power and influence of organized labor in Chicago.
Crain's Chicago
April 6, 2023