And in a forthcoming report from the Economic Policy Institute, real wage growth, which is adjusted for inflation, increased during the pandemic. “Between 2019 and 2022, hourly wage growth was strongest at the bottom of the wage distribution. The 10th percentile real hourly wage (adjusted for inflation) grew 9.0% over the three-year period. Wage growth was about one-third as fast for middle-wage workers,” it read.
Bucks County Courier Times
March 16, 2023
Another concerning gap in teacher wages is the overall disparity between educators and similarly educated individuals in different professions. This finding has been described by the Economic Policy Institute as the “teacher pay penalty,” where teachers on average earned 76.5 cents on the dollar in 2021 from what similar college-educated professionals were paid.
K-12 Dive
March 16, 2023
The Raise the Wage Act would increase New York’s $15 per hour minimum wage over the next three years and index each year after to match inflation.
Data from the Economic Policy Institute finds if this bill is approved, it would increase wages for about 3 million workers across the state by more than $3,000.
Public News Service
March 10, 2023
Crucially, workers increase their wages by leaving jobs, not by staying at them: A cashier making $13 an hour at a coffee shop gets $16 an hour by taking a position at a pet store, then $19 an hour by becoming a manager at a restaurant. Yet workers tend to look for new positions less often than you might think, given the financial incentives. “There’s a lot of turnover and churn among low-wage workers, but even so, people don’t find changing their jobs that easy,” Elise Gould, a labor economist at the Economic Policy Institute, told me. “Maybe you don’t happen to see the help wanted signs. Maybe you don’t think you’ll get hired. Or you don’t have the time to look for another job.”
The Atlantic
March 10, 2023
However, research shows significant gaps in opportunity equity are rife throughout the business world. Reports from the Economic Policy Institute, the U.S. Department of Labor, the U.S. Government Accountability Office, the Center for Women in Academic Medicine and Science and the American Association of University Women, among others, all highlight opportunity equity gaps lurking in employment pay, and advancement related to race and gender, let alone other factors.
Forbes
March 10, 2023
Josh Bivens, Economic Policy Institute, director of research: “If there’s a quibble on the tax side, it’s that it doesn’t ask enough of plenty of American households who could afford to pay more.”
Reuters
March 10, 2023
Research published by the Economic Policy Institute in August 2022 “found that public school teachers nationally make nearly 24% less in weekly earnings than similarly credentialed college graduates in other fields,” explains Rios. “When benefits such as healthcare were taken into account, the total compensation penalty was 14%, the widest gap since 1979.”
Planetizen
March 10, 2023
Economic Policy Institute Economist Monique Morrissey: “Delaying Social Security claiming isn’t a viable option for everyone, but more people might choose this strategy if they better understood the advantages. Clearer language and more frequent mailed statements would help people understand how delaying take-up can be a cost-effective way to increase secure monthly income in retirement.”
Office of Senator Bill Cassidy
March 10, 2023
According to the Economic Policy Institute, Black workers in unions see a wage boost of 13.1% compared to comparable non-union workers, and Latino workers see an 18.8% union wage increase. Unions disproportionately help Black and Latino workers realize wage gains they otherwise would potentially not get in non-union jobs. According to a 2022 Gallup poll, it has also been found that 71 percent of Americans approve of labor unions – the highest that Gallup has recorded since 1965. Despite growing support for unions, decades of anti-union attacks have made it harder for workers to organize and union membership has fallen to a new low of 10.1 percent in 2022. The PRO Act restores fairness to the economy by strengthening federal laws that protect workers’ rights to join a union and bargain for higher pay, better benefits, and safer workplaces.
Office of Senator Bob Menendez
March 10, 2023
The average cost of living for a family of four in the Hawkeye State in 2022 was $73,867, sixth-lowest among all 50 states, according to data from the Economic Policy Institute. The median home price in 2022 was $161,700, according to Rocket Homes.
Money Talks News
March 10, 2023
In addition to his role in MUI, Martinez is on the exective councils of the AFL-CIO, IndustriALL Global Union, the AFL-CIO Industrial Union Council, the Labor Council for Latin American Advancement (LCLAA), the Alliance for Retired Americans, the AFL-CIO Metal Trades Council, America’s Agenda, the Economic Policy Institute, among others.
CBS News
March 10, 2023
The bill comes after a report from the Economic Policy Institute that said 27% of billion-dollar companies in Tennessee pay no state income taxes. A report last year from the group said 60% of the state’s corporations do not pay state income tax.
The Center Square
March 10, 2023
Wage theft in general is a commonplace problem. The Economic Policy Institute estimates that it costs U.S. workers as much as $50 billion per year.
Virginia Mercury
March 10, 2023
According to the Economic Policy Institute, up to $50 billion is stolen from American workers through wage theft every year. For comparison, the FBI estimates the total value of 2019 robberies to be $482 million, meaning employers stole one hundred times more from Americans than did traditional thieves.
Jacobin
March 10, 2023
The field of education is currently in crisis. The gap between teacher pay and that of other college graduates has hit a record high. According to a report by the Economic Policy Institute (EPI), teachers were paid on average 24 percent less than comparable college graduates were paid in 2021, a record high gap since the group began examining such data.
Truthout
March 10, 2023
Robinson did not mention a specific pay-raise amount to reach peer-professional pay. But in its recent Top Education Issues 2023-24 report, the Public School Forum got specific: 24.5%. The Forum drew on the analysis of the Economic Policy Institute, which has tracked national trends in teacher pay for two decades.
Ed NC
March 10, 2023
Studies show that gender price discrimination can cost women in practical, physical, and financial ways. Data from the Economic Policy Institute show that women still make about twenty percent less on the dollar than men. Similar numbers from various studies show that women are likely to spend more for necessities like healthcare, clothing, and housing as compared to similarly situated men.
Kiplinger
March 10, 2023
A 2015 report from the Economic Policy Institute found that public sector employees in “right-to-work” states and states that prohibit collective bargaining in the public sector make less than their private-sector peers. Unions, however, can help fill that gap.
Orlando Weekly
March 10, 2023
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
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