The increases will bump wages for about 9.9 million workers, according to an analysis from the Economic Policy Institute (EPI), a Washington-based think tank.
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Even workers in the lower-paid retail industry have seen steadily increasing wages. The average retail wage was $23.86 per hour in November, according to BLS data.
Still, raising the minimum wage can help lock in some of those recent gains for workers across industries, said EPI senior economist Elise Gould.
“It creates a floor that wages can’t fall below,” even if the economy gets weaker in the future, she said.
The Washington Post
January 5, 2024
Six of those states—California, Connecticut, Maryland, New Jersey, New York, and Washington—now have a minimum wage that reaches or surpasses $15. The increases should disproportionately benefit Black, Hispanic, and female workers who make up more than half of the workers receiving pay bumps, according to an analysis from the Economic Policy Institute.
Mother Jones
January 5, 2024
More than 20 states rang in the New Year by raising the minimum wage. The highest minimum wages are in the $16 to $17 range.
“And, according to our analysis, that is going to increase wages for almost 10 million workers,” said Sebastian Martinez Hickey, who tracks the minimum wage at the Economic Policy Institute.
He says more than half the workers getting a minimum wage hike are women. About 11% are Black, and more than a third are Hispanic.
Marketplace
January 5, 2024
The Economic Policy Institute, a progressive think tank, says Michigan is one of 22 states boosting its minimum wage in 2024. The EPI also says mandatory minimum wage increases will not affect most workers because employers are paying more than that in a tight labor market.
WGVU (Michigan)
January 5, 2024
According to the Economic Policy Institute, about 6 in 10 workers who will benefit from higher mandated pay are women.
CBS Minnesota
January 5, 2024
The change will directly increase the pay of an estimated 150,700 Ohioans who currently receive less than $10.45 per hour, according to the Economic Policy Institute, a left-leaning Washington, D.C., think tank.
Tribune News Service
January 5, 2024
On Jan. 1, 22 states will bump up their minimum wage, according to a report from the Washington, D.C. think tank Economic Policy Institute (EPI). The increases come by way of ballot measure, legislation and inflation adjustment measures, and are expected to add anywhere from $216 to $1,380 to the annual earnings of almost 10 million workers.
Money Magazine
January 5, 2024
Business Insider
January 5, 2024
Almost half of the 17.6 million people making less than $15 an hour live in those 20 states, according to the Economic Policy Institute.
Newser
January 5, 2024
9.9 million: The number of Americans who will get a pay raise on New Years Day, when the minimum wage in 22 states increases. The left-leaning Economic Policy Institute estimates that those wage hikes will mean workers earn an additional $6.95 billion in the coming year. (The Hill)
Pluribus News
January 5, 2024
“These increases will also bring important benefits to working families. More than a quarter (25.8%) of affected workers are parents, or more than 2.5 million people. In total, 5.6 million children live in households where an individual will receive a minimum wage increase,” – Economic Policy Institute.
KIKN
January 5, 2024
Starting on Jan. 1, the pay increases will raise the wages for 9.9 million employees, and the Economic Policy Institute (EPI) projects that the boost in pay will add up to an extra $6.95 billion in additional wages from state minimum wage increases.
FOX 32
January 5, 2024
A new year will bring more pay for millions of Americans, according to a new study from the Economic Policy Institute (EPI).
On New Year’s Day, 22 states will raise their minimum wage, giving nearly 9.9 million Americans a pay raise. In total, workers will receive $6.95 billion in additional wages from the increases.
The Hill
January 5, 2024
The minimum wage increase will affect 9.9 million workers, according to an Economic Policy Institute report. The increase will equate to just under $7 billion.
The Messenger
January 5, 2024
An analysis by the Economic Policy Institute in Washington, D.C., found that raising the federal minimum wage to $17 by 2028 would positively impact nearly 28 million workers across the country. The average affected worker who works year-round would receive an extra $3,100 per year.
“Raising the federal minimum wage is critical to protect workers who have been left behind,” said Ben Zipperer, senior economist at the Economic Policy Institute. “A higher federal minimum wage can build on existing state-level standards and lock in the wage gains made by low-wage workers in the economic recovery from the COVID-19 pandemic.”
SHRM
January 5, 2024
Paying people a living wage may also boost the economy: The Economic Policy Institute estimated that raising the federal minimum wage to $15 by 2025 could save taxpayers between $13.4 billion and $31.0 billion annually on major public assistance expenditures, all while increasing tax revenues since people are making more money.
Forbes
January 5, 2024
According to the Economic Policy Institute, on Jan. 1, 22 states will increase their minimum wages, raising pay for an estimated 9.9 million workers. In total, workers will receive $6.95 billion in additional wages from state minimum wage increases.
Joplin Globe
January 5, 2024
Some 9.9 million U.S. workers stand to benefit from the state minimum-wage increases on Jan. 1, according to estimates from the Economic Policy Institute, a left-leaning think tank. The new minimums will result in an automatic pay raise for the lowest-paid workers, but they will also ripple out to workers whose wages are not much higher than the minimum, boosting their pay as well.
MarketWatch
January 5, 2024
Marketwatch said nearly 10 million workers in the United States stand to benefit from the state minimum-wage increases on Jan. 1, according to estimates from the Economic Policy Institute, a left-leaning think tank.
Helena Independent Record
January 5, 2024
An increase in minimum wage in 22 states, effective Jan. 1, raised pay for nearly 10 million workers, according to an analysis from the left-leaning Economic Policy Institute.
The wage boosts will disproportionately affect Black and Hispanic workers, who make up a greater share of workers receiving raises than of the workforce overall, according to EPI.
Politico Morning Shift
January 5, 2024
Additionally, a study by the Economic Policy Institute found increasing minimum wage creates a more equitable economy – disproportionately helping women, Black, and Hispanic workers, as well as working families.
WJLA
January 5, 2024
The average annual cost of infant care in Pennsylvania is $11,842 or $987 per month. Child care for a 4-year-old costs $9,773, or $814 each month, according to the Economic Policy Institute.
Pittsburgh Post Gazette
January 5, 2024
In September, Emily Zhang observed in a blog post for the nonprofit Economic Policy Institute that to stabilize at current levels, the U.S. debt-to-GDP ratio would require either raising taxes or lowering spending by 2.2 percent and that “this is eminently doable through tax increases alone.” Recall that as a proportion of GDP, taxes in the U.S. rose 2.7 percentage points between 2018 and 2022 without anybody much noticing.
New Republic
January 5, 2024
In fact, according to a recent study by the Economic Policy Institute, come the first of the year, Maryland will join 21 other states in boosting their minimum wages, increasing pay for nearly 10 million workers nationwide.
WJLA
January 5, 2024
The Economic Policy Institute’s economists Elise Gould and Josh Bivens estimate wage inequality deprived the system of $1.4 trillion (almost the size of the current Social Security deficit.
Forbes
January 5, 2024
According to the Economic Policy Institute, employers spend $433 million per year on union-avoidance consultants—outside specialists who are brought in and paid hundreds of dollars per hour to convince workers not to unionize.
Fast Company
January 5, 2024
Of the 10 states that passed rollbacks of child labor protections in 2021-2023 as tracked by the union-affiliated Economic Policy Institute, seven were Republican-controlled.
LA Times
January 5, 2024
A 2009 Economic Policy Institute study found that 52% of newly unionized workplaces didn’t have a new contract one year after winning an election, and 37% were without a contract two years after a successful vote.
Bloomberg Law
January 5, 2024
Celine McNicholas, the policy director at the left-leaning Economic Policy Institute, noted that the administration even tried to start charging federal unions for the use of office space in federal buildings, a move she described as “truly petty.”
“That, to me, revealed what a Trump administration is like more than anything else,” McNicholas said. “Never missing an opportunity to take away from workers the ability to organize.”
Huffpost
January 5, 2024
The raise will affect 48,800 Rhode Island workers — 10.2 percent of the workforce, according to an Economic Policy Institute report released last week. On average, the increase represents a $703 bump in annual earnings.
Patch Rhode Island
January 5, 2024