The composition of executive pay has undergone significant change over the last 50 years, with stock options and awards now representing a bulk of executive pay at many companies. Analysis from the Economic Policy Institute, a liberal-leaning think tank, shows that stock awards have risen to about 50% of all CEO compensation.
CNBC
April 1, 2022
“The great reshuffling continues in February as workers quit their jobs in search of better opportunities,” said Elise Gould, a senior economist with the left-leaning Economic Policy Institute. For now, hiring continues to outpace quits in every major industry.
Fortune
April 1, 2022
“The hires and quits rates have been moving in the same general direction for months. They both ticked up slightly in February. Workers continue to quit and get hired at fast rates in today’s economy,” said Elise Gould, senior economist at the Economic Policy Institute, in a Tuesday analysis.
The Hill
April 1, 2022
During the first year of the pandemic, CEO pay jumped 19% — even as many of their businesses ground to a halt, according to the Economic Policy Institute, a left-leaning think tank.
CNN Business
April 1, 2022
The Economic Policy Institute has also found that “consumers obtain relief regarding their claims in only 9 percent of disputes. On the other hand, when companies make claims or counterclaims, arbitrators grant them relief 93 percent of the time—meaning they order the consumer to pay.”
The Regulatory Review
April 1, 2022
New York is not a right-to-work state, and Amazon is attempting to use that to its advantage. The company is telling workers it could fire them should they unionize but fail to pay union dues. But that requirement is not an across-the board mandate for non-right-to-work states and is something that is negotiated during union contracts, said Jennifer Sherer, senior state policy coordinator at the left-leaning Economic Policy Institute.
Associated Press
April 1, 2022
And even where younger women have reached parity, it doesn’t last. “The gender wage gap grows as workers age,” said Elise Gould, senior economist at the Economic Policy Institute.
Marketplace
April 1, 2022
As the Economic Policy Institute (EPI) points out, nearly a third of state and local government workers are paid less than $20 an hour, and more than 15% of them are paid less than $15 an hour. These low wages impact workers who were considered “essential” during the pandemic and include child care workers and home care providers, workers in cleaning and maintenance occupations, office and administrative support workers, teaching assistants and more.
AFSCME
April 1, 2022
“This is the one tax that may be salient enough for corporations to change their pricing behavior,” said Josh Bivens, an economist at the Economic Policy Institute, a left-leaning think tank. “If you had excess profits tax, firms would say, ‘I could raise prices a ton, but those profits will be taxed away, so I’ll just keep prices low.’ ”
The Washington Post
April 1, 2022
“There are some people who are doing OK through all of this. I’m doing OK — I don’t need a tax break on my groceries,” Josh Bivens, director of research at the Economic Policy Institute, tells Axios. “That’s money that can be better directed to people who are suffering.
Axios
April 1, 2022
“When inflation is not a problem, then it’s much easier to say, ‘We’re going to maximize employment and see how far we can take this,’ ” said Valerie Wilson, director of the Economic Policy Institute’s program on race, ethnicity and the economy. “But with inflation in the mix, they’re in a position now where they can’t really ignore that.”
Associated Press
April 1, 2022
“Overall employment is now just 1% from its pre-pandemic level,” Elise Gould, senior economist at the Economic Policy Institute, tweeted. “Private-sector jobs record strong gains rising 426,000 in March with notable jobs added in leisure and hospitality, professional and business services, and retail trade. Public-sector employment still slow to return.”
U.S. News & World Report
April 1, 2022
Harris was former acting and deputy labor secretary during the Obama administration, and in a 2015 paper on the gig economy, he called for a new “independent worker” classification for on-demand app workers. These “independent workers” wouldn’t be independent contractors or employees, and would qualify for collective bargaining rights but not hours-based benefits, including overtime or minimum wages—a proposal that drew criticism from the AFL-CIO and the left-leaning Economic Policy Institute.
Bloomberg Law
April 1, 2022
But few observers would dispute the assessment of Celine McNicholas, a former NLRB special counsel who is now the general counsel and director of policy and government affairs at the Economic Policy Institute, who tells me, “Installing Jennifer Abruzzo as the NLRB’s general counsel will be the most impactful action that the Biden administration took in its first term for working people.”
American Prospect
April 1, 2022
In such private tribunals, workers win far less often and the median damages awarded are just $36,500, compared with $86,000 in state courts and $176,000 in federal court, an Economic Policy Institute analysis found.
American Prospect
April 1, 2022
A 2020 analysis by the Economic Policy Institute found only a few employers have spent more than $1 million on anti-union consultants, and it’s typically taken several years to rack up such a bill. Any spending in the hundreds of thousands of dollars is on the high end. None of the companies in EPI’s analysis came close to spending as much as Amazon in such a short period of time.
Huffpost
April 1, 2022
But some think that a punitive tax on windfall taxes could be effective in reducing big price hikes. “If you had excess profits tax, firms would say, ‘I could raise prices a ton, but those profits will be taxed away, so I’ll just keep prices low,’” economist Josh Bivens of the Economic Policy Institute said.
Fiscal Times
April 1, 2022
Black workers saw the greatest percentage-point drop in unemployment rates, falling from 6.6% in February to 6.2% in March.
“Those series tend to be volatile, so you have to kind of look at it over a longer period of time. In the last three months, there has been a consistent decline in the Black unemployment rate, and the labor force participation rate has been fairly stable,” said Valerie Wilson, director of the Economic Policy Institute’s program on race, ethnicity and the economy.
“That does point to things moving in the right direction,” Wilson added.
CNBC
April 1, 2022
Over the past year, wage growth has actually been historic, but that’s because the labor shortage is forcing companies to attract employees back to work. It was historically slow between 1979 and 2017, however, according to the Economic Policy Institute (EPI).
Business Insider
April 1, 2022
Even before the pandemic, the cost of child care in New York had soared: The average cost of child care is $15,394, more than both the cost of in-state college tuition and average rent, according to the Economic Policy Institute.
19th News
April 1, 2022
From health care to education to economics and business, … A 2021 report from the Economic Policy Institute found the median hourly wage (paywall).
Crain’s Chicago Business
March 25, 2022
Staff shortages are an issue districts have been dealing with across Minnesota and the rest of the country. A recent report from the left-leaning Economic Policy Institute found state and local public education employment down nearly 5 percent since the start of the pandemic.
MPR News
March 25, 2022
But not all of these workers are leaving the labor market. There is evidence that many are “reshuffling” — that is, moving among different jobs in the same sector, or even between sectors. According to an analysis of BLS data conducted by the Economic Policy Institute in November of 2021, hiring rates are exceeding quit rates across many sectors, which suggests that high wage growth is attracting new applicants to open positions — and that many workers are both able and willing to accept jobs that are sufficiently attractive.
Harvard Business Review
March 25, 2022
Earning $15 an hour is the equivalent of $31,200 annually, if you assume the worker is scheduled 40 full hours a week for the entire year (which isn’t true for many low-wage workers). That is below what anyone needs to maintain a “modest yet adequate standard of living” in Nevada, according to a separate analysis done recently by the Economic Policy Institute.
This is Reno
March 25, 2022
According to findings from the Economic Policy Institute, the growth in worker productivity over the past seventy years hasn’t been mirrored by anything like a commensurate increase in wages. In recent decades, however, compensation for those now at the commanding heights of financial activity has ballooned — average Wall Street bonuses growing by an astonishing 1,743 percent since 1985 when adjusted for inflation (had the minimum wage grown at the same rate, it would currently be $61.75 rather than a meager $7.25).
Jacobin
March 25, 2022
According to the Economic Policy Institute, women earn 22 percent less than men, but grocery stores don’t charge women 22 percent less for groceries. Utilities don’t give us a break on our telephone, water or electricity bills because we are women and earn less. The pay gap contributes to women’s economic insecurity. When the pay gap is combined with the effects of COVID-19 on women’s employment, the result is a precarious existence for too many women.
Richmond Free Press
March 25, 2022
“There is sometimes a perception that the workers who would benefit from a higher minimum wage are mostly teenagers in their first jobs,” the authors of an Economic Policy Institute report wrote. “In fact, the data show that most of the workers who would benefit from a federal increase to $15 are older and full-time workers.”
Business Insider
March 25, 2022
In recent years, forced arbitration clauses have become standard in many employment and consumer contracts. How many? In 2019, a study by the Economic Policy Institute, the National Employment Law Project, and the Center for Popular Democracy documented that more than half of American workers were already bound to such contracts, and projected that if the trend continued, fully 80 percent of U.S. workers would be bound by those terms by 2024.
American Prospect
March 25, 2022
According to the Economic Policy Institute, the spending power of that $7.25/hour has already dropped dramatically since 2009. In 2021 dollars, $7.25 was more like $9.17 per hour in 2009.
News Nation Now
March 25, 2022