Page 6 - Michael Shields News Today

Index holds wages steady for low-paid Ohioans despite historic inflation Next month, Ohio’s minimum wage gets a 35-cent adjustment to $10.45 per hour to keep up with rising prices. The adjustment will benefit some 388,800 Ohioans. The Economic Policy Institute estimated that 150,700 Ohioans now paid less than $10.45 will see...

The average employee made $53,000. The average CEO made $13 million

Let the good times roll!

Instead of reinvesting profits in research, equipment or in rank-and-file employees, companies often use a hefty chunk of that money to repurchase shares of company stock.

Fifty-three of Ohio’s largest employers paid their CEOs a median of 273 times what they paid the typical employee in 2022. That’s according to a new report by Policy Matters Ohio that compiles the ratio of CEO pay to the median employee — the person whose pay falls in the...

Numeric news from Policy Matters This week Policy Matters took our show on the road. We headed to Youngstown’s Westside Bowl to talk worker power and the State of Working Ohio. Development Director Michelle Unangst and economist Michael Shields were joined by Dr. AJ Sumell, professor of economics at Youngstown State...

Numeric news from Policy Matters 41, 43, 45: Number of days it took for UAW’s Stand Up Strike to force concessions from Ford, Stellantis and GM, respectively. The tentative agreements with each of the Big 3 aren’t yet ratified and the details are still emerging, but our Work & Wages...

Policy Matters researchers dig into details The United Auto Workers have announced tentative agreements with each of the Big Three automakers that will set the terms of their work over the next four years and influence conditions throughout the economy. UAW members are now in the process of ratifying those deals. The...

Numeric news from Policy Matters $1,500: Amount by which Ohio’s typical (median) household income in 2022 was less than in 2021. $9,035: Amount by which Ohio’s typical household income falls short of the national median. 215,000+: Number of Ohioans aged 65 and over who were in poverty last year. 446,159: Number of Ohio children...

Ohio's economy is hot this year, according to the State of Working Ohio 2023 report from Policy Matters Ohio.