However, Lawrence Mishel, a distinguished fellow at the Economic Policy Institute, told CNBC that the planned pay raises won’t come near matching the pace of inflation. “These corporate plans are not very hopeful, in my view,” he said. “The low wage increases will ensure that worker buying power falls.”
The National Interest
July 20, 2022
As inflation skyrockets, the federal minimum wage – which has remained at $7.25 per hour since 2009 – has reached its lowest value in 66 years, according to a report from the Economic Policy Institute.
Forbes
July 20, 2022
When the federal minimum wage was increased in February 1968 it was a “huge victory of the civil rights movement,” said Ben Zipper, an economist at the Economic Policy Institute. Yet it has not been increased again in over a decade, impacting many families and individuals.
Benzinga (via Yahoo! Finance)
July 20, 2022
Gerstein, a senior fellow at the Economic Policy Institute, co-authored a recent EPI report that documents a remarkable range of activity among local governments in the areas of worker protection — territory that, until perhaps a decade ago, almost never fell to them to design and implement.
Capital and Main
July 20, 2022
A 2018 report by the left-leaning Economic Policy Institute concluded that the benefits of regulations outweigh their costs by a 7-to-1 ratio, with a net gain to society of more than $100 billion per year, while a lack of “sensible regulations can lead to economic catastrophe and the loss of millions of jobs.”
The Atlantic
July 20, 2022
Elise Gould, a senior economist at the Economic Policy Institute, a left-leaning think tank, laid out a hypothetical example: “Let’s say you had a little bit of bargaining power in the fall because employers had to work a little harder to attract and retain you, and maybe you got higher wages, maybe you got some kind of a signing bonus,” she said. “There’s nothing structural in our economy that makes that last permanently, or even in the medium term.”
Business Insider
July 20, 2022
According to a 2019 report by the Economic Policy Institute, “The teacher shortage is real, large and growing” not only in California, but at the national level. A study, published in 2016 by the Learning Policy Institute, predicted that “by 2020, an estimated 300,000 new teachers will be needed each year, and by 2025, that number will increase to 316,000.” A 2022 report by the same institute showed two-thirds of surveyed districts had more vacancies than before COVID-19.
San Jose Spotlight
July 20, 2022
During the COVID-19 pandemic, the public teaching workforce appears to have shrunk by nearly 7%, according to the Economic Policy Institute. And a Rand Corp. survey last month found that about one-third of teachers and principals said they were likely to leave their current job by the end of the 2021-2022 school year.
Boston Herald
July 20, 2022
According to Accounting Today, many national groups are in support of the bill, including the Children’s Defense Fund, Public Citizen, the AFL-CIO, the American Federation of State, County and Municipal Employees, the American Federation of Teachers, Americans for Tax Fairness, the Center for American Progress, the Center for Disability Rights, the Center for Economic and Policy Research, the Economic Policy Institute, the Institute for Policy Studies’ Program on Inequality, the Institute on Taxation and Economic Policy, the National Consumer Law Center and many more.
GoBanking Rates
July 20, 2022