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EconomicPolicyInstitute

How will a Trump administration lift wages?

EPI’s Lawrence Mishel called on President-elect Donald Trump to enact policies that lift wages for the working class voters who helped elect him—voters who have seen their incomes stagnate or fall for decades, the jobs they depended on moved offshore, and their hopes for a secure retirement dwindle. The way to do this, Mishel wrote, “is to give workers more power.”

WAGES

Higher minimum wage in four states

Ballot measures to increase the minimum wage in Maine, Colorado, Arizona and Washington passed this week and the Arizona and Washington measures included paid sick days. EPI estimates that this will raise wages for more than 2 million workers.

We cannot just leave minimum wage increases to the states

A new Economic Snapshot shows that, despite state minimum wage wins, 40 percent of the U.S. workforce is still subject to minimum wages that are woefully inadequate, and the gap between those in low-minimum-wage states and higher-minimum-wage states will only grow unless the federal minimum wage is raised.

EVENTS

A tax reform agenda for the next president

The Century Foundation and EPI will host a discussion on November 17th on how the next administration could implement comprehensive tax reform and forward thinking fiscal policies. Speakers include Reps. Keith Ellison (D-Minn.) and Sander Levin (D-Mich.) and EPI’s Josh Bivens. Join us November 17th or watch the livestream.

IN THE NEWS
Reuters
In a story on trade policy in the presidential race the Washington Post’s Ana Swanson wrote, “The left-leaning Economic Policy Institute has argued that trade is the culprit for lost manufacturing jobs, not technology. | "It’s the one thing Trump and Clinton agree on — and it’s probably a fantasy" »
Reuters
USA Today quoted EPI’s Josh Bivens about Donald Trump’s infrastructure plan. “In the campaign, Trump spoke (vaguely) about wanting to spend on infrastructure, so that would, all else equal, boost growth and job creation," Bivens said. “If he pays for this infrastructure boost by gutting spending elsewhere, he’ll ruin the job creation impact, however." | "Trump gets his chance to be ‘greatest jobs president’" »
Reuters
WIRED also spoke to Josh Bivens about infrastructure spending. “With privatized infrastructure, you can run the risk of giving the private asset holders weirdly too-much power over future investment decisions.” | "Trump’s Infrastructure Fix: Let Somebody Else Spend $1 Trillion" »
Reuters
U.S. News & World Report interviewed EPI’s Monique Morrissey about retirement in America. "Our retirement system used to reduce inequality, but since the shift to 401(k)s it has only served to magnify it." | "Why the Average Family Has Only $5,000 for Retirement" »
Reuters
In a story about the economic challenges facing the next president, FiveThirtyEight quoted Josh Bivens on U.S. economic recovery. “In my mind we still have a very incomplete recovery,” he said. | "The Economic Challenges Facing The Next President" »
From the EPI Blog
Lawrence Mishel and Julia Wolfe
Top 1.0 percent reaches highest wages ever—up 157 percent since 1979
Elise Gould
What to Watch on Jobs Day: Keeping and eye on the teacher jobs gap
Josh Bivens
The Fed’s current path might be leaving lots of money on the table unnecessarily
Elaine Weiss and Emma García
Exploring the effects of student absenteeism
Hunter Blair
Data continues to show little evidence that tax cuts are trickling down to typical workers, and now House Republicans want a do-over
Lawrence Mishel
Further evidence that the tax cuts have not led to widespread bonuses, wage or compensation growth
Valerie Wilson
Digging into the 2017 ACS: Improved income growth for Native Americans, but lots of variation in the pace of recovery for different Asian ethnic groups
David Cooper and Julia Wolfe
Poverty declined in most states in 2017
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