During the first year of the pandemic, CEO pay overall jumped 19% — even as many of their businesses ground to a halt, according to the Economic Policy Institute, which tracks 350 of the largest US companies. The latest EPI report shows top CEOs were paid 351 times as much as a typical worker in 2020.
CNN
June 10, 2022
The pandemic, which set off the first women’s recession, might be that next catalyst, said Jennifer Sherer, the senior state policy coordinator at the Economic Policy Institute, a progressive think tank.
The 19th
June 10, 2022
Josh Bivens, the head of research at the Economic Policy Institute, a progressive think tank, is worried. “If we have a recession because the Fed moves too fast and too high on interest rate hikes, that will be a clear mistake,” he recently told Huffington Post.
Bloomberg
June 10, 2022
“These inequities absolutely existed before the pandemic,” said Elise Gould, a senior economist at the Economic Policy Institute. “When we talk about returning to prepandemic levels, sure, we’re getting pretty close to that, but that just bakes in the disparities we had in the prepandemic labor market, and that’s just not good enough.”
CNBC
June 10, 2022
You can see the wealth gap in the latest earnings reports, too, which show that “while wealthier shoppers continue to splurge, low-income shoppers have pulled back faster than expected in the past two months,” The Associated Press reports. “The pullback among low-income shoppers has not affected overall spending, which is still up.” But the upward flow of wealth is bad for the economy, not just the poor and middle class, according to a new report from the Economic Policy Institute.
The Week
June 10, 2022
“The fact is that sending an infant to day care in many places across the country could be significantly more expensive than in-state public tuition to send them to college,” said Elise Gould, senior economist at the Economic Policy Institute.
CNBC
June 10, 2022
Some economists have argued that, in addition to rising input costs, higher prices for consumer goods are a result of corporate power, which has allowed companies to mark up prices and increase profit margins. The Economic Policy Institute, a left-leaning think tank, has said that “corporate pricing decisions in a pandemic-distorted environment are a propagator of inflation.” P&G declined to comment and Kimberly-Clark didn’t respond to a request for comment.
Bloomberg
June 10, 2022
Features Daniel Costa discussing immigration and visa reform.
HBO
June 9, 2022
A new report from the Economic Policy Institute paints a stark portrait of the economic plight of home health care workers, who are grossly underpaid in every state. The national average for these workers is a mere $13.50 an hour. But home health care workers typically make less than $12 an hour in the lowest-paying states—Louisiana, West Virginia, Texas, Mississippi, and Oklahoma.
Counter Punch
June 3, 2022
Emphasizing this point even further, Heidi Shierholz, chief economist at the Economic Policy Institute, recently tweeted, “People who are quitting are taking other jobs, not just leaving the workforce.” This points to a more complex reason for abandoning jobs, rather than simply not wanting to work. In fact, more and more people desire competitive wages, healthier environments, safer conditions and more respect. These are all things we’ve been providing our virtual professionals for years, because we know that the key to keeping your best and most valuable workers is letting them know that they’re your best and most valuable workers.
RIS Media
June 3, 2022
The average big company CEO earned 351 times more than the average worker on a realized basis in 2020, according to data from the Economic Policy Institute, first noted on Fortune.
Benzinga (via Yahoo! Finance)
June 3, 2022
According to the Economic Policy Institute, a nonprofit think tank, a single adult can expect to pay an estimated $11,026 on housing in 2022. This amount varies across the country, however, and in many major metropolitan areas, housing costs are well below the national average.
24/7 Wall St.
June 3, 2022
“Expiration of the advance CTC was associated with a 12% increase in food insufficiency in households with children relative to households without children by February — and rates of food insufficiency continued to climb since February,” researchers Julia Raifman and Allison Bovell-Ammon wrote in a blog post for the Economic Policy Institute last month.
Salon
June 3, 2022
Over 70 percent of DOL investigations find workplace violations, with 30 percent of investigations finding employers have committed five or more violations, according to a report from the left-leaning Economic Policy Institute, which analyzed DOL data.
NPR
June 3, 2022
The Economic Policy Institute released findings from a recent survey on the working conditions for gig workers. The research carried out in the spring of 2020 paints a poor picture of their earnings even relative to other service workers who typically receive low pay.
AS
June 3, 2022
Those studying the issue from the outside fully agree. “We have to stop treating our public school education system in this country as an afterthought,” said David Cooper, director of the Economic Analysis and Research Network at the Economic Policy Institute. “We are already facing a huge shortfall.”
Capital and Main
June 3, 2022
It’s hard to tease out. A pandemic, a trade war, a land war, huge government spending, and a global economy that’s become vastly more integrated might be too complex for traditional macroeconomic theory to explain. Josh Bivens, research director at the left-leaning Economic Policy Institute, thinks that’s a good reason to revisit what the discipline thought it had figured out.
New York Times
June 3, 2022
As a result, estimates suggest that the toll of electrification on auto industry jobs could be significant absent large new government subsidies. A report released in September by the liberal Economic Policy Institute, which has ties to organized labor, found that the auto industry could lose about 75,000 jobs by 2030 without substantial government investment.
New York Times
June 3, 2022
A report from the left-leaning Economic Policy Institute estimates the national auto industry could lose 75,000 jobs by 2030 if battery electric vehicles (BEV) leaped to 50% of domestic auto sales.
The Center Square
June 3, 2022
The NEA, which represents 3 million education workers, argues that the provision excluding teachers from overtime requirements has suppressed educator wages and exacerbated the teacher shortage. The Economic Policy Institute estimates that eliminating the provision would affect 1.5 million teachers, nearly a quarter of the teachers in the US.
Bloomberg Law
June 3, 2022
A recent report from the Economic Policy Institute finds that 92 percent of Dollar General employees make less than $15 an hour. Twenty-two percent make less than $10 an hour; Williams is just one of them.
Jacobin
June 3, 2022
Since 1977, CEO pay has soared 1,322%, while typical worker compensation has risen only 18%, according to the Economic Policy Institute. Much of that compensation is because vested stock awards and stock options have become a larger component of executive pay.
Fortune
June 3, 2022
The Economic Policy Institute says U.S. employers spend at least $340 million on union busting consultants each year.
NW Labor Press
June 3, 2022
Real wage growth across the wage distribution is down, and it is the middle-income workers that are in a worse position than they were pre-pandemic — the lowest-wage workers, by contrast, while struggling with inflation have seen the biggest wage gains. “They are getting hit really hard by this,” said Heidi Shierholz, president of the Economic Policy Institute, which focuses on the needs of low- and middle-income Americans.
CNBC
June 3, 2022
Yes, you can set up an IRA without the help of your employer. But too few people do, and as a result, most families have little or no retirement savings, according to the Economic Policy Institute. The situation, said Jeff Schulte of ForUsAll, is “a crisis of epic proportions.”
Los Angeles Times
June 3, 2022
In addition to the ongoing losses of middle-wage jobs, the report identified an uneven recovery from the pandemic. In the first quarter of 2022, the state had a 4.8% unemployment rate overall, according to an analysis from the Economic Policy Institute. The unemployment rate for people of color is significantly higher.
State Journal-Register
June 3, 2022
These claims are borne out in data. Over the past two quarters, despite growing costs, non-finance US companies recorded their largest profits since 1950. Rather than a consequence of the growing costs of workers and materials, the Economic Policy Institute found over half of the corporate-led increase in prices simply generated bigger profit margins.
OMFIF
June 3, 2022
There are still about 1.9 job openings for every unemployed person. On the one hand, that’s good for workers, per Elise Gould at the Economic Policy Institute.
Marketplace
June 3, 2022