Even in times of expansion, there has been little change in the fundamentals of an enormous wealth gap, persistent wage gap, disproportionate levels of unemployment, low workforce participation, limited fields of occupation, and a half-century of stunted growth of the middle class, according to The Unfinished March, a 2013 symposium by the Economic Policy Institute.
The Messenger
September 29, 2023
Many of those jobs have returned with higher wages. Between 2019 and 2022, wages have increased at the fastest rate for workers in the bottom 10 percent of jobs in terms of pay — including many of those hospitality jobs like cooks, servers and housekeepers — according to a study by the Economic Policy Institute.
19th News
September 29, 2023
This astounding inequity has spread across the economy. The Economic Policy Institute reports that over the last 45 years, adjusting for inflation, CEO compensation in America’s 300 largest companies has risen 1,460% while a typical worker’s pay grew by just 18%.
The Washington Informer
September 29, 2023
The Economic Policy Institute recently reported that child labor violations have increased by nearly 300 percent since 2015, and the Labor Department found more than 800 violators during the past fiscal year.
Food Safety News
September 29, 2023
The U.S. economy is facing headwinds from a possible government shutdown, student debt payments restarting, higher interest rates and an autoworkers’ strike, White House economic adviser Jared Bernstein said on Wednesday.
The economy will keep going in a “pretty good way” unless there is a policy mistake or exogenous shock, he added, speaking at an event at the Economic Policy Institute, a progressive think tank.
Reuters
September 29, 2023
The movement to sign the CROWN Act into law at the state level has gained momentum. As of 2023, 24 states and the U.S. Virgin Islands have enacted a related law, according to the Economic Policy Institute, including Massachusetts, New York, New Jersey, and most recently Michigan and Texas. The latter was the 24th state to implement the law, which officially went into effect on Sept. 1.
The Week
September 29, 2023
CEO pay in the US has grown 1,322% since 1978, according to the Economic Policy Institute. Such astronomical CEO pay is a very American problem. Not only do American CEOs far out-earn their workforces, they also out-earn their peers in other countries.
BBC
September 29, 2023
In contrast, the Economic Policy Institute, a left-leaning think tank, believes that strikes benefit workers. As with most controversial issues, the truth is likely in-between, and must be evaluated on a case-by-case basis, rather than with blanket, one-size-fits-all conclusions.
The Hill
September 29, 2023
But, the pay disparity is even larger than it initially appears. Across the U.S., auto manufacturing workers have seen real hourly wages fall by more than 19% since 2008, according to the left-wing Economic Policy Institute.
The Messenger
September 29, 2023
The country’s shifting demographics were at play in the broader trend, said Elise Gould, a labor economist at the Economic Policy Institute, a think tank that studies policies for low- and middle-income workers. Many people just starting out in their career are from growing Black, Hispanic and Asian populations, who are entering the workforce just as more tenured White employees retire.
Bloomberg
September 29, 2023
As of July 2023, more than 20 states have enacted legislation to combat race-based discrimination against hair texture and protective hairstyles, according to the Economic Policy Institute.
CNN
September 29, 2023
Research by the US-based Economic Policy Institute (EPI), however, shows that image is wildly out of date, with bookings increasingly concentrated on a small number of professional landlords who act like “miniature hotel companies”.
The Guardian
September 29, 2023
The number of minors in child labor violations has increased by 283% since 2015, according to the Economic Policy Institute. According to the US Department of Labor, over 800 companies illegally employed children in the last fiscal year, and one meatpacking company was fined for employing children across 13 different plants.
The Guardian
September 29, 2023
What she neglected to mention, however, is the fact that the UAW asked for the 40 percent wage boost, over a number of years, to make union members whole after they sacrificed earnings, cost-of-living increases, and benefits to keep the auto companies afloat during the Great Recession. According to the Economic Policy Institute, “auto manufacturing workers have seen their average real hourly earnings fall 19.3 percent since 2008.”
The Nation
September 29, 2023
A report by the Economic Policy Institute showed that “Black women with coily or textured hair are also twice as likely to experience microaggression at work as Black women with straighter hair.”
Quinnipiac Chronicle
September 29, 2023
A new analysis by the Economic Policy Institute shows that top U.S. CEOs saw their total compensation rise by 1,209% between 1978 and 2022 while typical worker pay rose just 15%—a chasm that is fueling the United Auto Workers strike and other labor actions across the country.
Common Dreams
September 29, 2023
Against this backdrop, at least 10 states are introducing or have passed laws that roll back child labor protections, according to the Economic Policy Institute, a left-leaning think tank in Washington D.C. Some directly conflict with federal laws. Proposals have included lifting restrictions on hazardous jobs, extending work hours and lowering the age to serve alcohol.
For example, Iowa passed a law which under certain circumstances allows 14- and 15-year-olds to work on assembly lines and 16-year-olds to serve alcohol. New Jersey extended working hours and Arkansas eliminated work permits for 14- and 15-year-olds. A bill in Wisconsin would allow children as young as 14 to serve alcohol. Most states require those serving alcohol to be at least 18.
SHRM
September 29, 2023
Two dozen states have enacted versions of a CROWN Act, according to the Economic Policy Institute. California was the first to pass the measure in 2019. Legislation for a national CROWN Act has been unsuccessful.
CNN
September 29, 2023
Real hourly earnings for auto workers have fallen 19% since 2008, according to the Economic Policy Institute. The Big Three, meanwhile, have made $21 billion in the first six months of 2023 alone, and have paid out billions in stock buybacks over the past 12 months. Their profits nearly doubled from 2013 to 2022.
Orlando Weekly
September 29, 2023
According to a study by the Economic Policy Institute (EPI), the average earnings of those in the top 10% of Americans were roughly $173,000 in 2020, the most recent data available.
MoneyWise
September 29, 2023
After accounting for inflation, auto workers’ wages have fallen about 5.4% between 2019 and July 2023, according to an analysis by the Economic Policy Institute, a liberal think tank.
The Wall Street Journal
September 29, 2023
The restrictions often apply to low-wage employees who do not appear to possess trade secrets that should prevent them from working for a competitor — fast-food workers, construction workers and hospitality staff, according to the Economic Policy Institute, a left-leaning think tank.
The Washington Post
September 29, 2023
So long as a facility offers the “prevailing wage”— which is notoriously low — it can avoid the minimum staffing requirement. The Economic Policy Institute found that long-term care workers (over 80 percent of whom are women and who are disproportionately Black and immigrant women) are substantially underpaid and most lack any employer-provided retirement or health benefits.
The Hill
September 29, 2023
And, largely because older workers make up a declining share of the overall workforce at the Big Three, autoworkers’ average real hourly earnings have fallen almost 20 percent since 2008, according to the left-leaning Economic Policy Institute.
The Atlantic
September 29, 2023
The Big Three saw profits leap 92% between 2013 to 2022 for a total of $250 billion, according to the Economic Policy Institute.
New York Daily News
September 29, 2023
CBS News put that in perspective: “Overall CEO pay at the Big Three companies rose 40% from 2013 to 2022, according to [the Economic Policy Institute].” Barra makes “362 times more than the typical GM worker, while Tavares makes 365 times more, according to company filings with the Securities and Exchange Commission. Farley at Ford makes 281 times more, filings show.”
The Washington Post
September 29, 2023
Since 2018, the Nonprofit Professional Employees Union has seen its ranks grow fivefold from 300 workers across 12 organizations in 2018 to 1,500 workers at nearly 50 organizations, according to the Associated Press. Those organizations include a number of local chapters of the ACLU as well as the National Immigration Law Center, the Economic Policy Institute, the Worker Rights Consortium, Jobs With Justice and the Animal Legal Defense Fund.
Forbes
September 29, 2023
According to the Economic Policy Institute, you need to earn at least $421,926 to be considered part of the top 1%. But the average earnings of this group was over $1.3 million, signaling just how rich this group is.
Forbes
September 29, 2023
Fain has repeatedly argued that at a time when Detroit’s automakers have racked up record profits, they should reward their workers, particularly because auto workers’ pay has fallen so far behind inflation (by 19 percent since 2008, according to one think tank)
Politico Magazine
September 29, 2023
Despite the new momentum, unions have a steep climb to reverse the decades- long decline. Recent union drives, while gaining attention, haven’t produced a plethora of new labor contracts. Many existing union members also are working under expired agreements while negotiations drag on. Current laws and regulations do little to help, says Margaret Poydock, a senior policy analyst with the Economic Policy Institute, a nonprofit think tank.
Barron’s
September 29, 2023