In a statement the Economic Policy Institute explained that
The PRO Act helps restore workers’ right to join together to bargain for better wages and working conditions by streamlining the process when workers form a union, ensuring that they are successful in negotiating the first agreement, and holding employers accountable when they violate labor law.
Workday Minnesota
March 11, 2021
Determined to show that caregiving is essential work, Wiley hopes this grant will finally compensate family members who have traditionally worked in the home for free. According to the Economic Policy Institute, the average American made $19.33 per hour in 2019. Therefore, if women were compensated for their unpaid labor, they would earn nearly $40,000 a year.
Popsugar
March 11, 2021
According to an analysis by the Economic Policy Institute, a Washington think-tank, impacted workers would earn an additional $3,300 a year under a $15 minimum wage, and a majority (59 percent) whose total family income is below the poverty line would receive an increase if the wage is raised in four years’ time. The hike would be particularly significant for workers of color and help narrow the racial pay gap, the analysis also found.
Hays Free Press News-Dispatch
March 11, 2021
The following excerpt is from an Inc.com article, “Getting Beyond the Minimum Wage:” A 2020 study from Princeton University shows that providing low-wage workers with more money directly leads to increased consumer demand. That’s because they quickly recirculate their wages, says Heidi Shierholz, senior economist and director of policy at the Economic Policy Institute, a nonpartisan think tank in Washington, D.C. Low-wage workers and unemployed people, she says, typically have “no choice but to spend immediately on necessities.”
Taunton Gazette
March 11, 2021
Half of Americans ages 56 to 61 had less than $21,000 in retirement savings in 2016, the most recent year for which the figure is available, the Economic Policy Institute reports.
AARP
March 11, 2021
More than 25 million workers have been hurt by the pandemic, according to a report from the Economic Policy Institute, a progressive think tank, including 10 million who are currently unemployed, an estimated five million who have left the workforce and are not being counted in unemployment numbers, and 6.6 million who have seen their hours and pay cut because of COVID-19.
The Philadelphia Inquirer
March 11, 2021
At face value, “$300 instead of $400 is worse,” says Heidi Shierholz, the director of policy at the Economic Policy Institute. A $300 weekly boost on top of state UI replaces 74% of the average worker’s lost income, according to a CNBC analysis, while a $400 weekly supplement bumps it up to 85% wage recovery. The CARES Act’s $600 weekly enhancement aimed to provide 100% wage replacement for the average worker.
CNBC
March 11, 2021
Meanwhile, the unemployment rate for Black workers went the other way: jumping to 9.9% from 9.2% before. The current rate is “just shy of the high-water mark in the Great Recession,” wrote Elise Gould, senior economist at the Economic Policy Institute.
CNN
March 11, 2021
The Economic Policy Institute’s “Raising the federal minimum wage to $15 by 2025 would lift the pay of 32 million workers” research paper analyzed pay by state, unemployment rate, job type and effect on poverty levels. The foundation of the research was based on the “Raise the Wage Act of 2021,” which had five increases in the minimum wage between now and 2025 when it would reach the $15 threshold.
24/7 Wall St.
March 11, 2021
“I find it hard to understand how the CBO concluded that raising the minimum wage would increase the deficit by $54 billion,” Sanders said. “… several major studies done by the Center on Wage and Employment Dynamics and the Economic Policy Institute both found that raising the minimum wage would amount to a significant reduction in the deficit.”
The Daily Iowan
March 11, 2021