The Economic Policy Institute estimates up to 390,000 low-wage contractors will see a raise as a result of the executive order. EPI estimates the average annual pay increase for year-round workers will be up to $3,100, largely benefiting women and Black or Hispanic workers.
Yahoo Finance
April 30, 2021
Instead of another round of broad checks, lawmakers should focus on extending unemployment benefits and the child tax credit because they could provide “longer-run fixes” for American households, according to Heidi Shierholz, an economist at the liberal Economic Policy Institute.
USA Today
April 30, 2021
For many Americans, that might sound like an ominous proposal as it would mean things like groceries, restaurant bills, and leisure activities would all cost more, but Robert Scott, a senior economist with the Economic Policy Institute, says higher inflation is actually a good thing.
“A tight labor market and a rapidly growing economy, if we can get there, is going to sustain higher levels of wage increase,” explained Scott. “So, you might be paying more: 2-3% a year more for your food, and groceries, and rent, but your wages might be rising at 3% or 4% or 5% a year. That’s good news. If wages are rising more than prices, you’re going to see a rising standard of living.”
Scripps National News
April 30, 2021
Taken altogether, the proposals mark a “meaningful investment in care, in paid leave, that will help many workers in the formal labor market,” said Elise Gould, senior economist at the Economic Policy Institute. “That will absolutely be good for economic growth.”
Bloomberg
April 30, 2021
Under Biden’s executive order, an estimated 390,000 workers will directly benefit, which about half are women and the rest are Black or Hispanic, according to the Economic Policy Institute.
Arizona Republic
April 30, 2021
Another AFL-CIO alum and Drake’s former boss, Thea Lee, who is president of the labor-friendly Economic Policy Institute, will also be joining the Biden administration in a yet undisclosed role.
Politico
April 30, 2021
The Economic Policy institute estimates that up to 390,000 low-wage federal contractors will see a raise under the policy and that the average annual pay increase for affected year-round workers would be approximately $3,100. Among those who are expected to see their wages rise, roughly half will be women and roughly half will be Black or Hispanic.
CNBC
April 30, 2021
The liberal Economic Policy Institute estimates that as many as 390,000 low-wage federal contractors would receive a raise, with roughly half of the beneficiaries being Black or Hispanic workers. There are an estimated 5 million contract workers in the federal government, according to a posting last year for the Brookings Institution by Paul Light, a public policy professor at New York University.
Associated Press
April 30, 2021
Schools have received even more support, including in the American Rescue Plan. “Almost $130 billion for K-12 education, and part of that was meant to allow for school reopening,” said Emma García, an education economist at the Economic Policy Institute.
García said the administration is hoping to add to that number through its infrastructure package. It’s also pushed a flurry of executive orders on the economy. But, so far, the administration’s been sticking to plans it can implement without Republican support, said Ken Jacobs, chair of the Labor Center at the University of California, Berkeley.
NPR Marketplace
April 30, 2021
MADDOW: How much — how much of a difference will this make on average for the federal contractors who are going to get raise from this and how many Americans is this going to affect?
BERNSTEIN: Well, the Economic Policy Institute did a great analysis that this very day. This is an executive order, so this is going into effect at the end of January of next year. And according to EPI, it`s going to reach 390,000 workers and it`s going to raise their annual pay by over $3,000 a year.
MSNBC
April 30, 2021