Economic Policy Institute

As Wages Stagnate and Executive Pay ‘Continues to Balloon,’ Report Shows Top CEOs Now Make 320 Times More Than Typical Worker

New research published Tuesday by the Economic Policy Institute shows that the top executives at the largest corporations in the United States now make 320 times more than what their typical employees earn in wages and benefits. “CEO pay can be curbed to reduce the growing gap between the highest earners and everyone else with …

As Wages Stagnate and Executive Pay ‘Continues to Balloon,’ Report Shows Top CEOs Now Make 320 Times More Than Typical Worker Read More »

‘Prolonged Recession’ Could Be on Horizon as Covid Economic Crisis Leads to State and Local Budget Shortfalls

With state and local governments are facing fiscal disaster as tax revenues are expected to decline alongside stagnant and lessening economic growth, leading experts on Tuesday warned more financial pain could be on the horizon for working Americans without continued assistance from the federal government or higher taxes on the rich.  “Time is running short …

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Economists Warn ‘Prolonged Depression Guaranteed’ If GOP Refuse Federal Aid to State and Local Governments

The ramifications of the coronavirus pandemic on the U.S. economy will be devastating enough to send the country into a certain and “prolonged depression,” economist Josh Bivens warned Tuesday, unless federal aid is delivered to state and local governments. “State and local governments are currently forecast to be facing revenue shortfalls as large as $1 trillion over …

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“We Need a Working People’s Bailout”: Unemployment Claims Hit 30 Million as Many Struggle to Afford Necessities

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“We Need a Working People’s Bailout”: Unemployment Claims Hit 30 Million as Many Struggle to Afford Necessities Read More »