Research from the Economic Policy Institute finds that the compensation of chief executives has far outpaced that of the top 0.1 per cent of earners – a group that contains private company executives, corporate lawyers and private equity investors, who (presumably) all have similar skills.
Investor Chronicles
January 20, 2023
In a recent report from the Economic Policy Institute, analysts offer an explanation for anti-abortion rhetoric—Republican economics. EPI’s report, “The economics of abortion bans,” walks through the fiscal implications of abortion bans and how policy isn’t necessarily driven by religious beliefs but rather a form of economic subjugation.
Fast Company
January 20, 2023
Jennifer Sherer, senior state policy coordinator with the Economic Policy Institute, said that the council would be a “transformative opportunity” to set new standards around fast food and service work. Sheher points to a history of wage boards working to set such standards in the U.S. and around the globe.
Modern Retail
January 20, 2023
In a nutshell, In the US, “retirement wealth has not grown enough to keep pace with an aging population and other changes, and the shift from traditional pensions to individual savings has widened the retirement gap” according to the Economic Policy Institute.
News 24
January 20, 2023
223,000: That’s how many jobs the U.S. added, mostly in the private sector. Meanwhile wage growth slowed, and the Economic Policy Institute says that proves the Federal Reserve Bank should stop raising interest rates and policymakers should turn to restoring the 452,000 public sector jobs lost since February 2020.
Policy Matters Ohio
January 20, 2023
According to the most recent data available for fiscal year 2019, an income of $540,009 per year puts you in the top 1% category. Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you’re in the top 1% if you earn $819,324 or more each year. The top 5% of income earners make $335,891 per year.
Smart Asset
January 20, 2023
As Daniel Costa, director of immigration law and policy research at the Economic Policy Institute, explained Friday in a blog post welcoming the announcement:
Given the current budget constraints of federal labor standards enforcement agencies—which are funded at just one-twelfth the rate of immigration enforcement agencies—the use of deferred action in this manner will encourage workers and whistleblowers to speak out without fear and will act as a force multiplier for underfunded and understaffed labor enforcement agencies, thereby assisting them in their mission to protect worker rights and hold lawbreaking employers accountable. This will make workplaces safer for all workers.
Common Dreams
January 20, 2023
Even so, workers may have signed contracts in those states anyway. “People are given a big packet on their first day of work — in many cases, when they have already accepted a job and turned down other job offers — and it says, you can’t keep this job unless you sign these things,” said Heidi Shierholz, the president of the Economic Policy Institute.
Bloomberg
January 20, 2023
Nationally, despite two-thirds of Americans supporting raising the federal minimum wage to $15 an hour, it has stood at $7.25 since July 2009. Since then, it has lost 21% of its purchasing power due to inflation (in 2021 dollars) and 34% since its peak in 1968, according to the Economic Policy Institute.
The Reader
January 20, 2023
With a new GOP-led House of Representatives, experts say it’s unlikely to be revisited any time in the near future. “It doesn’t look like there will be, at least in the next few years, any chances of anything happening legislatively,” said Daniel Costa, director of immigration law and policy research at the Economic Policy Institute.
Harvest Public Media
January 20, 2023