These politicians are focused on protecting their wealthy donors, who pay 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.
People's Weekly World
March 10, 2023
The Economic Policy Institute (EPI) maintains that unions help reduce income inequality by “improving wages and benefits for all workers,” and “reduce racial disparities in wages and raise women’s wages, . . . counteracting occupational segregation, discrimination, and other labor market inequities related to structural racism and sexism. When unions are strong, they set wage standards for entire industries and occupations; they make wages more equal within occupations; and they close pay gaps between white workers and workers of color.”
Insider NJ
March 10, 2023
The platform emerged as a way for educators to earn extra income, just as calls elevated to increase teacher pay amid fears of a teacher shortage. On top of that, teachers’ weekly wages and total compensation have shown signs of decline over the years compared to those of other professionals, the Economic Policy Institute reported in August.
K-12 Dive
March 10, 2023
- Gender inequality: The long-term care workforce has a high percentage of women due partly to their history as primary caregivers, providing informal care to a child, spouse or parent. According to the Economic Policy Institute, a large majority of residential long-term care workers are women, accounting for 80.9%, with the highest concentration among LPNs and RNs at 91.0% and 89.4%, respectively. Men in the long-term care industry make up a larger share of food services and maintenance at 34.3% and 33.7%, respectively.
Staffing Industry Analysts (SIA)
March 10, 2023
And an analysis by the Economic Policy Institute finds that in the same year, workers in the bottom 30 percent of the wage distribution were the only ones to experience real wage gains. That is, these workers saw a wage increase even after accounting for inflation.
Washington Center for Equitable Growth
March 10, 2023
“There’s lots of social programs to advance further what they did in the Inflation Reduction Act, which is all very positive,” said Larry Mishel, who served as president of the Economic Policy Institute, a left-leaning think tank. “They’re going to stay on the same trajectory.”
The Washington Post
March 10, 2023
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