For years, wages stagnated, and the federal government did little in response. The last time Congress raised the federal minimum wage was more than 13 years ago. The Economic Policy Institute in a recent analysis found that, “(a)ccounting for price increases in June, the current federal minimum wage of $7.25 per hour is now worth less than at any point since February 1956.”
MinnPost
August 12, 2022
Features Heidi discussing inflation and the jobs report.
CNN
August 11, 2022
A report by the Economic Policy Institute in September 2021 noted federal legalization proposals have emphasized investing and prioritizing communities of color that have been hit the hardest by cannabis criminalization, but have failed to ensure that workers are supported in their ability to organize and work in jobs with quality wages, protections and benefits.
The report noted workers in cultivation, processing and retail could make thousands of dollars more on average annually with a union or high job quality standards.
The Guardian
August 5, 2022
Heidi Listed (Heidi Shierholz, Economic Policy Institute)
Office of Speaker Pelosi
August 5, 2022
This rapid inflation could lead to even greater financial strain for these more vulnerable groups. The Economic Policy Institute reports that “the current federal minimum wage of $7.25 per hour is now worth less than at any point since February 1956.” In 1956, the minimum wage was $0.75 an hour.
Deseret News
August 5, 2022
“The Fed’s actions to date do not guarantee a recession, but they have already made one more likely,” wrote Josh Bivens, the director of research at the left-leaning Economic Policy Institute, in a blog post earlier this month.
CNN Business
August 5, 2022
Josh Bivens, research director at the Economic Policy Institute, said he thinks the bill will have a “small sort of deflationary nudge” by way of reducing the deficit, but he added that he thinks “there are questions about how quickly that takes hold.”
The Hill
August 5, 2022
share of workers say they have or plan to request higher salaries. … U.S. was 22.1% last year, according to the Economic Policy Institute. (paywall).
Fortune
August 5, 2022
The second statistic Kaine cited didn’t come from Bloomberg Law. In fact, I’m not sure where it originated. I’ve traced it back to a mention in a 2009 Economic Policy Institute paper, but it might be even older.
Bloomberg Law
August 5, 2022