The overtime boost is expected to impact 4.3 million workers, 56% of whom are women and 24% of whom are workers of color, according to the left-leaning Economic Policy Institute.
CNBC
April 24, 2024
An Economic Policy Institute analysis of the rule found that 4.3 million more workers will be eligible for overtime pay because of the rule. That includes 2.4 million more women and 1 million more people of color.
The Washington Post
April 24, 2024
Worse, according to the Economic Policy Institute, this is part of “a coordinated campaign by conservative groups” that are going state-by-state with the ultimate goal of weakening protections at the federal level.
The Hill
April 24, 2024
Some organizations including the Economic Policy Institute and CFP Board championed the final rule on Tuesday.
Plan Adviser
April 24, 2024
Not only is childcare hard to find but it can be expensive. According to the Economic Policy Institute, the average annual cost for childcare for a 4-year-old child is a little more than $7,000.
Bay News 9
April 24, 2024
As Economic Policy Institute (EPI) president Heidi Shierholz explained, “Noncompete agreements are employment provisions that ban workers at one company from working for, or starting, a competing business within a certain period of time after leaving a job.”
“These agreements are ubiquitous,” she noted, applauding the ban. “EPI research finds that more than 1 out of every 4 private-sector workers—including low-wage workers—are required to enter noncompete agreements as a condition of employment.”
Common Dreams
April 24, 2024
Ultimately, the rule change will only impact about 3% of the workers who are covered by the FLSA, according to an analysis from the left-leaning Economic Policy Institute.
Bloomberg Law
April 24, 2024
The rule was hailed by labor groups and left-leaning policy experts.
“Noncompetes are about reducing competition, full stop. It’s in their name,” said Heidi Shierholz, president of the progressive nonprofit Economic Policy Institute. “Noncompetes are bad for workers, bad for consumers, and bad for the broader economy. This rule is an important step in creating an economy that is not only strong but also works for working people.”
NBC News
April 24, 2024
Meanwhile, advocates applauded the administration’s rule — with some noting that such a move is overdue. The left-leaning Economic Policy Institute says that the overtime threshold has not been updated properly for almost 50 years — leaving millions without such federal protections.
“The rule is an important step toward correctly valuing one of the most precious resources workers have — their time,” EPI president Heidi Shierholz said Tuesday. “This rule is an essential milestone in creating a stronger, fairer economy.”
Associated Press
April 24, 2024
An estimate from the Economic Policy Institute says that the new rule could result in an additional $1.5 billion in pay for employees.
“Employers will be more than able to adjust to the rule without negatively impacting the overall economy,” EPI director of government affairs and advocacy Samantha Sanders and President Heidi Shierholz shared in a statement.
Thanks to the new rule, Sanders and Shierholz wrote that salaried employees who were previously above the cutoff can no longer “be forced to work 60-70 hours a week for no more pay than if they worked 40 hours. The extra 20-30 hours are completely free to the employer, allowing employers to exploit workers with no consequences.”
News Radio 1080
April 24, 2024
The new rule could result in an additional $1.5 billion in pay for employees, according to an estimate from the Economic Policy Institute, a left-leaning think tank.
CBS News
April 24, 2024
The Economic Policy Institute, EPI, said recently, from some recent polling, 60 million — 60 million — American workers would have a union tomorrow if they were allowed to vote free and fair.
Democracy Now!
April 24, 2024
The new rule could impact tens of millions of workers, said Heidi Shierholz, a labor economist and president of the Economic Policy Institute, a left-leaning think tank.
“For nonunion workers, the only leverage they have is their ability to quit their job,” Shierholz told CBS MoneyWatch. “Noncompetes don’t just stop you from taking a job — they stop you from starting your own business.”
CBS News
April 24, 2024
The cost of child care varies widely depending on where you live and the age of your child. But Care.com estimates that the national average cost of sending just one child to daycare is $321 per week, or nearly $17,000 annually. In more than half of all U.S. states, the price of sending a child to daycare is more expensive than sending them to an in-state college, according to the Economic Policy Institute .
MSN
April 24, 2024
The NLRB is very selective about when it seeks an injunction and could still win them under a tougher standard, according to Lynn Rhinehart, a senior fellow at the left-leaning Economic Policy Institute.
“It could make the board jump through a few more hoops to get an injunction, which is, of course, what Starbucks is trying to do here,” she said. “But at the end of the day, because the board pursues these cases so rarely and in really strong cases, and tends to win these cases regardless of the standard the court uses, I think it’s hard to say how huge of an impact this case will have.”
USA Today
April 24, 2024
The labor force behind this critical part of our food supply is made up of over 37% immigrant workers, according to an analysis of federal data by the Economic Policy Institute.
Montana Standard
April 24, 2024
Teachers make less than their similarly educated peers in other professions, a long-running analysis by the Economic Policy Institute has found. Nearly 1 in 5 teachers hold second jobs outside the school system during the school year to supplement their salaries, according to federal data.
Education Week
April 24, 2024
Worse, according to the Economic Policy Institute, this is part of “a coordinated campaign by conservative groups” that are going state-by-state with the ultimate goal of weakening protections at the federal level.
The Hill
April 24, 2024
“It certainly is the case that child care costs have gone up faster than inflation,” said Elise Gould, a senior policy analyst at the Economic Policy Institute, a nonpartisan, left-leaning thinktank that has also studied child care costs in depth.
“What we discovered a few years ago is that child care is more expensive than rent for quite a few families. And that was pretty shocking.”
USA Today
April 24, 2024
Worse, according to the Economic Policy Institute, this is part of “a coordinated campaign by conservative groups” that are going state-by-state with the ultimate goal of weakening protections at the federal level.
The Hill
April 24, 2024
Some organizations including the Economic Policy Institute and CFP Board championed the final rule on Tuesday.
Plan Adviser
April 24, 2024
Not only is childcare hard to find but it can be expensive. According to the Economic Policy Institute, the average annual cost for childcare for a 4-year-old child is a little more than $7,000.
Bay News 9
April 24, 2024
As Economic Policy Institute (EPI) president Heidi Shierholz explained, “Noncompete agreements are employment provisions that ban workers at one company from working for, or starting, a competing business within a certain period of time after leaving a job.”
“These agreements are ubiquitous,” she noted, applauding the ban. “EPI research finds that more than 1 out of every 4 private-sector workers—including low-wage workers—are required to enter noncompete agreements as a condition of employment.”
Common Dreams
April 24, 2024
Ultimately, the rule change will only impact about 3% of the workers who are covered by the FLSA, according to an analysis from the left-leaning Economic Policy Institute.
Bloomberg Law
April 24, 2024
The rule was hailed by labor groups and left-leaning policy experts.
“Noncompetes are about reducing competition, full stop. It’s in their name,” said Heidi Shierholz, president of the progressive nonprofit Economic Policy Institute. “Noncompetes are bad for workers, bad for consumers, and bad for the broader economy. This rule is an important step in creating an economy that is not only strong but also works for working people.”
NBC News
April 24, 2024
Meanwhile, advocates applauded the administration’s rule — with some noting that such a move is overdue. The left-leaning Economic Policy Institute says that the overtime threshold has not been updated properly for almost 50 years — leaving millions without such federal protections.
“The rule is an important step toward correctly valuing one of the most precious resources workers have — their time,” EPI president Heidi Shierholz said Tuesday. “This rule is an essential milestone in creating a stronger, fairer economy.”
Associated Press
April 24, 2024