- The Economic Policy Institute looks at the new “Trump Account” program that the administration claims will fight child poverty. Instead, EPI finds that “Trump’s voluntary savings accounts are poised to widen wealth disparities for generations. The more resource-constrained families will be unable to keep up with the contributions of their more affluent peers—broadening inequities in wealth even further.”
The Pitch from Civic Ventures
January 12, 2026
The Big Number
The number of states that increased their minimum wages starting this month, providing a pay bump to an estimated 8.3 million U.S. workers. For the first time, more workers now live in states that pay $15 or higher per hour than those that have kept the $7.25 minimum, according to an analysis by the Economic Policy Institute.
WSJ Careers & Leadership newsletter
January 12, 2026
As of Jan. 1, 2026, the minimum wage rate increased in 19 states, as well as 47 different cities and counties. The state-level minimum wage increases are expected to affect earnings for more than 8.3 million workers, according to an estimate from the left-leaning Economic Policy Institute.
HR Brew
January 12, 2026
Among demographic groups, the worst deterioration in the job market has been for Black workers, said Valerie Wilson, director of the Economic Policy Institute’s Program on Race, Ethnicity, and the Economy.
“[In November] the Black unemployment rate rose to 8.3%, up from 7.5% in September,” she said.
Marketplace
January 12, 2026
For the first time, more Americans will earn a minimum wage of $15 or more than will earn the federal minimum of $7.25, according to the Economic Policy Institute. The federal rate has remained unchanged since 2009, despite broad public support for an increase.
…
The increases, a majority of which took effect Jan. 1, will boost the earnings of about 8.3 million workers by a total of $5 billion, according to the Economic Policy Institute.
New York Times
January 12, 2026
According to a September 2025 report from the Economic Policy Institute, “This CEO-to-top-0.1% pay ratio has risen enormously in the past five decades. In 2023 (the last year available for the top 0.1% data series), this ratio was 7.5, meaning that CEOs were paid 7.5 times as much as even the most privileged 0.1% of workers in the economy. This is an extremely large change: It essentially means that the relative pay of CEOs increased by an amount equal to the total annual wages of nearly five of these very-high-wage earners.”
Investopedia
January 12, 2026
“Most of the rise in inequality over the last four decades has redistributed wages away from most workers.”- Economic Policy Institute (EPI).
Atlanta Journal Constitution
January 12, 2026
Of the more than 8.3 million workers set to benefit from these states’ minimum wage hikes, several demographics will be most affected, per the Economic Policy Institute. Women, who make up nearly 60% of the minimum wage workforce of the affected states, will see the biggest change. Then, Black and Latino workers will be affected most, as they disproportionately comprise the workforce. 10.7% of affected workers are Black, compared to being 8.7% of these states’ workforce. 38.3% affected workers are Latino, despite being 19.8% of these states’ workforce.
These hikes come at a pivotal time. The economy is buckling under a handful of pressures, and employment is suffering as a result. 2026 is preceded by a year with the most layoffs since the pandemic, rising unemployment, inflation, and business’ existential AI crisis. “Minimum wage increases are an essential tool for putting money in workers’ pockets,” especially right now, according to the EPI.
Essence
January 12, 2026
A 2006 law called the Postal Accountability and Enhancement Act put the agency under a financial constraint that it has yet to recover from, according to an Economic Policy Institute analysis. Among other things, the bill required the agency to prefund health insurance costs for its retired employees at an accelerated rate while restricting how it can invest its money to pay for that.
“No other entity — public or private — has been forced to prefund the cost of retiree benefits under such conditions,” the analysis says.
Facilities Dive
January 12, 2026