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State corporate income tax revenues have eroded over the last few decades. This has real consequences for state and local spending—constraining these governments’ ability to provide basic services to their residents. Read the report
In a blog last week, Josh Bivens research director at the left-leaning Economic Policy Institute, said more than half of the 6.1% overall price …(paywall).
Florida is close to last in terms of pay for average pay for veteran teachers, according to the NEA report. Ranked at 48 out of 51 positions, veteran educators in the state are paid an average of $51,009 — $1,384 above the minimum living wage needed for one adult and one child as determined by the Economic Policy Institute. The only states with a worse average salary for teachers are West Virginia, South Dakota and Mississippi.
Employers also frequently employ anti-union tactics during elections: A 2009 paper from the left-leaning Economic Policy Institute found that 96% of employers “mounted a campaign against the union” during an election. In cases where employers did mount an anti-union campaign, workers won just 48% of elections — compared to 72% of elections won when there was no campaign.
The teacher shortage has been predicted for many years. In 2021, the Economic Policy Institute estimated we had a shortage of 118,000 teachers, and by 2025 that number will increase to 200,000.
(6) Citizen IR-31 Black Compatible Ribbons-CD-S500 CDS500 IR31 F2010 Number:
N NGC CHERRY 66
10 1940
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Serie Location:
Philadelphia
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2010
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Copper
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Instead, direct your ire at the most powerful in society — not the person taking your order. The average CEO at the biggest 350 U.S. companies is paid $17 million a year, and their pay soared 940% over four decades, the Economic Policy Institute, a progressive think tank, said.
Perhaps you think employers can’t afford to pay workers more because inflationary pressures are eating into their profits. Dream on. Corporate profits are so high right now that Josh Bivens of the Economic Policy Institute last week proposed a short-term windfall profits tax. From the start of the Covid pandemic to the end of 2021, corporate profits rose 53.9 percent, Bivens reported, while labor costs increased only 7.9 percent. By comparison, during the previous four decades, corporate profits averaged 11.4 percent and labor costs increased 61.8 percent. So now is hardly the time to break out the violin for corporate America.
