The following is the testimony of David Cooper, EPI senior economic analyst, in a hearing before the New York State Department of Labor Wage Board in Albany, N.Y.
The April State Employment and Unemployment report, released today by the Bureau of Labor Statistics, showed most states are still plodding along with job growth sufficient to slowly bring down unemployment rates.
Applying EPI's family budget thresholds to Census Bureau data on Denver shows that many—indeed, more than 40 percent—of the region’s residents are struggling to achieve economic security. As policymakers in Denver consider measures to raise incomes for area residents, they should be fully aware of just how far many in the community are from this benchmark.
An eye-opening story published last week by the New York Times revealed how manicurists in New York’s booming nail salon industry are subject to brazen exploitation.
This post is crossposted on the National Women’s Law Center’s Womenstake Blog.
Here’s a Mother’s Day gift idea for Congress: Rather than getting mom flowers or chocolate, how about passing a policy that increases economic security for families, injects billions of dollars into communities, and ensures that women and people of color are paid more fairly?
In We Can Afford a $12 Federal Minimum Wage in 2020, Larry Mishel, John Schmitt, and I explain that raising the federal minimum wage to $12 by 2020 is an eminently achievable and worthwhile goal.
Over the past four decades, much of the growth in inequality has come from the declining value of the federal minimum wage.
By every common benchmark, today's federal minimum wage is far below its 1968 value. Raising the federal minimum to $12.00 by 2020 would raise the purchasing power of the minimum wage modestly relative to where it was five decades ago.
It’s a common myth that very low-wage workers—workers who would get a raise if the minimum wage were increased—are mostly teenagers working to earn extra spending money.
The federal minimum wage reached its highest inflation-adjusted value in 1968, when it was worth $9.54 per hour in 2014 dollars.
Over the past 46 years, as lawmakers have failed to adequately raise the federal minimum wage, the gap between wages of the average U.S.
The February State and Regional Employment and Unemployment report released today by the Bureau of Labor Statistics was another sign that the economy is headed in the right direction.
Under federal law, employers of tipped workers are only required to pay their tipped staff a base wage of $2.13 per hour—an amount that has not been raised since 1991—provided that the sum of an employee’s weekly tips plus their base wage equates to an hourly rate of at least the minimum wage.
This morning’s release of January employment and unemployment data from the Bureau of Labor Statistics shows most states began the New Year with relatively strong job growth and continued declines in unemployment.
More than half of Los Angeles families do not earn enough income to attain the modest but secure standard of living defined by EPI’s Family Budget Calculator.
The December state employment and unemployment data, released today by the Bureau of Labor Statistics, show that most states closed 2014 on a positive course.
Over the last few decades, productivity has grown substantially, but the hourly compensation of the typical worker has grown much less, especially in the last 10 years or so.
To understand the growth of income inequality—and the disappointing increases in workers’ wages and compensation as well as middle-class incomes—it is crucial to understand the divergence of pay and productivity.
This morning’s release of monthly state employment and unemployment numbers by the Bureau of Labor Statistics was a welcome bit of good news.
On January 1st, 20 states will raise their minimum wages, lifting the pay of over 3.1 million workers throughout the country.1 New York, meanwhile, will have already raised its minimum wage on December 31st.
As retailers and consumers gear up for the holiday shopping season, it’s a good time to take a closer look at what things are like for the person on the other side of the cash register.
Though the country has come a long way from the depths of the Great Recession—with unemployment falling considerably over the past five years—a significant portion of the drop in unemployment is due to job-seekers giving up on the job search and dropping out of the labor force.
Today’s release of state employment and unemployment data from the Bureau of Labor told the same story we’ve heard for most of the year: consistent, albeit uninspired job growth in most states, and unemployment rates that were largely unchanged.
How would a minimum wage increase affect utilization rates, benefit amounts, and government spending on safety net and income support programs?
The state and local employment and unemployment data released this morning by the Bureau of Labor Statistics show modest employment growth for most states in August, although there has been slower growth in many states over the last three months than we’ve seen for most of the year.
The American Community Survey (ACS) poverty data that were released by the Census Bureau earlier today showed that poverty rates were essentially unchanged from 2012 to 2013 in virtually every state.1 Only six states had significant changes in their poverty rates: Colorado (-0.7 percentage points), New Hampshire (-1.3 percentage points), New Jersey (+0.6 percentage points), New Mexico (+1.1 percentage points), Texas (-0.4 percentage points), and Wyoming (-1.7 percentage points).
This morning the Census Bureau released its annual report on income and poverty within states, with data from the American Community Survey (ACS).
Key numbers from today’s new Census report, Income and Poverty in the United States: 2013. All dollar values are adjusted for inflation (2013 dollars).