The federal minimum wage has been stuck at $7.25 an hour since July 2009. Since then, the nation’s baseline pay has lost more than one-fourth its purchasing power. When factoring in inflation, today’s minimum wage hasn’t been worth this little since the 1950s, according to the left-leaning Economic Policy Institute.
CBS News
January 6, 2023
Yeah, that’s right. So as opposed to many of the other measures, this one is designed to help people who already have more money set aside. And it’s part of what’s been a big push in recent years to delay those required distributions because of taxes. Monique Morrissey, an economist with the Economic Policy Institute, she put it this way.
NPR
January 6, 2023
An economist at the Economic Policy Institute, a think tank that … the most vulnerable people who are employed in the economy — low-wage (paywall).
Law 360
January 6, 2023
The weekly email blast often includes a segment labeled “That’s Not a Living Wage,” in which she lists positions at regional theaters from across the U.S. that do not live up to the standards outlined by the Economic Policy Institute’s Family Budget Calculator, which “measures the income a family needs to attain a modest yet adequate standard of living.” Studio is just one of several local theaters that have made an appearance on Halvorsen’s list.
Washington City Paper
January 6, 2023
Teresa Ghilarducci is the Schwartz Professor of Economics at the New School for Social Research. She’s the co-author of “Rescuing Retirement” and a member of the board of directors of the Economic Policy Institute.
Bloomberg
January 6, 2023
A 2019 analysis by the liberal Economic Policy Institute estimated that 36 million to 60 million workers could be subject to noncompete agreements, which the group said companies have increasingly adopted in recent years.
Associated Press
January 6, 2023
The teacher shortage isn’t unique to Kansas, and it began even before the COVID-19 pandemic. A report by the Economic Policy Institute in 2019, titled “The Perfect Storm in the Teacher Labor Market,” pointed to impending retirements, increasing vacancies and declining enrollment in teacher preparation programs.
KMUW
January 6, 2023
“Doing something like this is a way to help sustain the increase in worker power over the last couple of years,” said Heidi Shierholz, president of the liberal Economic Policy Institute, who was chief economist at the Labor Department during the Obama administration.
New York Times
January 6, 2023
These measures are likely to open significant opportunities for workers without a college degree. Some analysts have projected that the infrastructure bill alone could generate as many as 800,000 jobs annually. Adam Hersh, a senior economist at the left-leaning Economic Policy Institute, estimated that about four-fifths of the jobs created under an earlier version of the Inflation Reduction Act passed in the House would not require a college degree, and he told me he believes the distribution is roughly the same in the final package.
The Atlantic
January 6, 2023
Raising the minimum wage would not lead to as fast or drastic an improvement, but a 2019 Congressional Budget Office analysis found that increasing the amount to $15 an hour would lift more than 500,000 children from poverty. And the Economic Policy Institute estimated in 2021 that if Congress passed a $15 minimum wage increase by 2025, up to 3.7 million people wouldn’t have to live in poverty — 1.3 million of those being children.
Nebraska Examiner
January 6, 2023