EPI in the news

• Elon Musk and Bernie Sanders are both right about immigration

  According to a 2021 report from the Economic Policy Institute, the IT staffing firm HCL has systematically underpaid their H-1B workers — relative to what was required by law — effectively stealing $95 million in wages from them.

  VOX | January 22, 2025
• Minimum wage hikes in 21 states spark job loss concerns, economists warn of layoffs

  The left-leaning Economic Policy Institute estimates the hikes will benefit 9.2 million workers and increase total pay by $5.7 billion.

  The Washington Times | January 22, 2025
• The Myth of Opportunity Has Broken America

  The argument of job losses has frequently been made in opposition to minimum wage increases. The federal minimum wage has remained $7.25 an hour since 2009, although by 2027 nearly half of all US workers will live in a state with at least a $15-an-hour minimum wage.

  But a review by the Economic Policy Institute in September found this narrative to be “largely wrong”, citing that most minimum wage studies find little to no effect on employment.

  Time Magazine | January 22, 2025
• Fast-food chains claim raising the minimum wage ‘hurts everyone’. California workers disagree

  The argument of job losses has frequently been made in opposition to minimum wage increases. The federal minimum wage has remained $7.25 an hour since 2009, although by 2027 nearly half of all US workers will live in a state with at least a $15-an-hour minimum wage.

  But a review by the Economic Policy Institute in September found this narrative to be “largely wrong”, citing that most minimum wage studies find little to no effect on employment.

  The Guardian | January 22, 2025
• Costco’s Union Is Ready to Strike. What Workers Are Asking For.

  Costco calculates that in 2024, Vachris made 262 times more than the median worker, including both full- and part-time staff. His pay was 192 times what the median full-time employee receives.

  According to the Economic Policy Institute, the average CEO of the 350 largest public companies was paid 290 times more than the typical worker.

  Barron’s | January 22, 2025
• Elon Musk and Bernie Sanders are both right about immigration

  According to a 2021 report from the Economic Policy Institute, the IT staffing firm HCL has systematically underpaid their H-1B workers — relative to what was required by law — effectively stealing $95 million in wages from them.

  VOX | January 22, 2025
• Costco’s Union Is Ready to Strike. What Workers Are Asking For.

  Costco calculates that in 2024, Vachris made 262 times more than the median worker, including both full- and part-time staff. His pay was 192 times what the median full-time employee receives.

  According to the Economic Policy Institute, the average CEO of the 350 largest public companies was paid 290 times more than the typical worker.

  Barron’s | January 22, 2025

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