In 1983, 90% of earnings were subject to Social Security taxes, which was a record high following the reforms Congress put in place, according to the Economic Policy Institute. In 2021, 81.4% of all wages were subject to Social Security taxes, as income inequality has led more earnings of high wage workers to fall over the cap.
CNBC
March 10, 2023
Many Americans are essentially indentured servants to an overclass that continues to amass wealth and power, while failing to pass on their largesse to their employees. Between 1978 and 2018, CEO pay skyrocketed by more than 900%, while worker pay grew by just under 12%, according to a report by the Economic Policy Institute.
CNN
March 3, 2023
Bloomberg Law
March 3, 2023
Over the past several years, prosecutors across the country have become increasingly involved in wage theft cases, which affect millions of workers. Between 2017 and 2020, losses amounted to billions of dollars of stolen wages, according to a report from the Economic Policy Institute, a Washington-based think tank.
The New York Times
March 3, 2023
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