“Low pay is not limited to ‘mom-and-pop’ stores—it is also widespread in big box stores, restaurants, and grocery stores that often have high CEO pay and revenue,” said Ben Zipperer, economist at Economic Policy Institute. “A higher minimum wage and unions can put corporate greed in check and raise wages throughout the labor market.”
Eat This, Not That
April 29, 2022
“We’ve dug ourselves a really, really deep hole over the past four decades,” says Lawrence Mishel, a distinguished fellow at the Economic Policy Institute. “You don’t fix that in a year or two.”
Fast Company
April 29, 2022
McDonald’s workers have some of the lowest wages in the fast-food industry, according to new data released by the Economic Policy Institute (EPI). The Wage Tracker project from EPI found that 23% of McDonald’s workers make less than $10 per hour, based on survey results collected in March and November 2021.
Business Insider
April 29, 2022
In 2021, median CEO compensation reached $20 mn, a 31 percent increase from the previous year due to big jumps in stock awards and cash bonuses based on market performance and company productivity. CEO pay consists of wages plus bonuses, long-term incentives and stock options, which comprise around 85 percent of CEO compensation, according to Lawrence Mishel of the Economic Policy Institute.
IR Magazine
April 22, 2022
Rising unemployment and recessions go hand in hand. When the economy is in a downturn, companies have to make cuts to stay afloat. In the case of the COVID recession, young adults were hit the hardest by pandemic-related job losses, according to a report from the Economic Policy Institute, a left-leaning think tank.
MarketWatch
April 22, 2022
According to the Economic Policy Institute, between 2011-12, 57.9% of non-education Ph.D. students worked as graduate student assistants. In my own undergraduate education here at IU, they have been insightful discussion leaders and great advisors in office hours. Indeed, graduate student workers do all this at a fraction of a tenured professor’s salary, all the while the administration rakes in tuition money.
The Herald Times
April 22, 2022
“Employers spend about $340 million a year on consultants to prevent union elections, according to a 2019 report from the Economic Policy Institute. Laboratory Corp. of America spent $4.3 million on these efforts between 2014 and 2018, while FedEx spent $837,000 over the same period and Quest Diagnostics (one of America’s largest COVID-19 testing companies) spent $200,000 between 2015 and 2017. The EPI also found that consultants can get paid $350-plus an hour or $2,500-plus a day.”
AFL-CIO Blog
April 22, 2022
Productivity rises faster than wages. Since the Economic Policy Institute published the famous alligator graph first in the 1980s with the wide jaws of productivity going up and wages going down, workers have been giving more to the economy than they have been getting.
Forbes
April 22, 2022
A teaching shortage has been sweeping the country, according to data from the Economic Policy Institute. Especially in low-income and rural areas, school districts are lacking teachers with proper credentials to serve children.
Deseret News
April 22, 2022
Between 2013 and 2015, bad actor businesses stole an estimated $429 million in wages and overtime pay, according to research by the labor union-backed Economic Policy Institute.
The Detroit News
April 22, 2022
The Economic Policy Institute says on average, teachers earn 19.2% less than comparable graduates.
LEX 18 News
April 22, 2022
Taxes can and should be fairer. If there is a chief flaw in our tax system, it is the way it has grown increasingly regressive in recent decades. North Carolina, for instance – a state in which the system is still better than some that don’t even include an income tax – the richest one percent pays only about half as much of their incomes in state and local taxes as low- and middle-income people. As a recent report from the Economic Policy Institute also makes clear, a big part of the problem has been the “growing erosion of state corporate income taxes has been a prime source of revenue weakness over this time.”
NC Policy Watch
April 22, 2022
A new report by the Economic Policy Institute reveals the breadth of the problem. In Tennessee, more than 60% of corporations pay zero dollars in state corporate income taxes.
The Tennessean
April 22, 2022
Taxes were due on Monday for individuals and many corporations. But a new report from the Economic Policy Institute suggests many corporations in Connecticut may not be paying much at all.
CT Public Radio
April 22, 2022
A new study by the Economic Policy Institute shows that the effective state and local tax rate on corporate profits shrunk by between a third and a half between 1989 and 2017. This has a resulted in a revenue loss “estimated to be at least $43 billion and possibly as high as $57 billion.”
Urban Milwaukee
April 22, 2022
In a new report from the Economic Policy Institute (EPI), over 60 percent of corporations in Connecticut, Illinois, Michigan, Tennessee and Wisconsin paid zero state corporate income taxes in varying periods between 2015 and 2019. In Colorado, 71 percent of corporations didn’t pay income taxes between 2017 and 2019, and in Florida, a whopping 92 percent of corporations paid zero income taxes between 2016 and 2019.
Truthout
April 22, 2022
According to new research from the Economic Policy Institute, the effective state and local tax rate on corporate profits dwindled by between a third and a half between 1989 and 2017, resulting in a revenue shortfall between $43 billion and $57 billion.
Counterpunch
April 22, 2022
The Detroit News
April 22, 2022
An alarming report from the Economic Policy Institute that was released April 14 has state taxpayers extremely frustrated
Fox 17
April 22, 2022
Ten states have or are planning to institute a mandatory minimum wage of $15 an hour, and plenty of companies, hoping to lure workers, already pay that much. Still, not every employer has met what many think of as a more-realistic living wage. According to the Economic Policy Institute, a nonprofit, nonpartisan think tank, these major chains have the largest percentages of workers making less than $15 an hour.
Cheapism
April 22, 2022
“As one remarkable survey released today by the Economic Policy Institute (EPI) demonstrates, the number of workers in starvation-wage jobs still numbers in the many millions,” the American Prospect’s Harold Meyerson writes.
Washington Post
April 22, 2022
A new company wage tracker designed by the Economic Policy Institute and the Shift Project took a closer look at 66 of America’s biggest food and retail companies. Some of the results are staggering, and provide a striking window into what it’s like to work at some of the largest chains in America. Dollar General, for instance, pays 92 percent of their workers below $15. McDonald’s is at 89 percent. At both of these companies, more than 1 in 5 workers makes below $10 per hour. These are poverty wages, but they’re sadly the norm, especially in communities where these big chains have driven out other competitors.
Rolling Stone
April 22, 2022
Not much, according to a new company wage tracker created by the Economic Policy Institute and the Shift Project, a joint project by the Harvard Kennedy School and the University of California, San Francisco, using survey data collected from Facebook and Instagram users in 2021, with responses from over twenty thousand workers at sixty-six large service-sector firms and an average of 317 respondents per firm. The tracker finds that at many hugely profitable companies, the majority of workers are paid less than $15 an hour.
Jacobin
April 22, 2022
Some of the largest, most profitable companies in retail and food services are still paying most of their workers less than $15 an hour, and many still make less than $10 an hour, according to a new company wage tracker developed by the Economic Policy Institute and the Shift Project.
The Guardian
April 22, 2022
The vast majority of big food and retail corporations in the United States aren’t paying anywhere near a $15-anhour minimum wage, according to a new report from Harvard researchers and the left-leaning Economic Policy Institute.
VICE
April 22, 2022
Union efforts also deserve credit for challenging wealth inequality in the U.S. Research from the Economic Policy Institute shows that higher union membership has historically been associated with a lower share of income going to the top 10% of earners in the U.S.
The Badger Herald
April 22, 2022
Separately Monday, the Economic Policy Institute (EPI) in Washington, D.C., highlighted its recent report that found nearly two-thirds of Wisconsin corporations paid no state corporate income taxes.
Wisconsin Examiner
April 22, 2022
Except, as one remarkable survey released today by the Economic Policy Institute (EPI) demonstrates, the number of workers in starvation-wage jobs still numbers in the many millions.
The American Prospect
April 22, 2022
During the pandemic, wages have trailed price increases, but some economists don’t expect that will necessarily lead to widespread raises, like in the 1970s. They point out workers don’t have the same kind of leverage they had in the 1970s. After 1989, labor costs stopped rising in tandem with prices, notes Josh Bivens at the Economic Policy Institute.
Quartz
April 22, 2022
On Tuesday, the Economic Policy Institute and Harvard’s Shift Project released a collaborative effort dubbed the Company Wage Tracker. It looks at 66 large retail and food corporations to show not only the hourly wages of workers within the United States, but also how much revenue they generate in the U.S. and what each corporation pays its CEOs.
Mic
April 22, 2022