Heidi Shierholz, a former Labor Department economist now with the liberal Economic Policy Institute, offers a much higher estimate of nearly 19 million unemployed, derived from the number of officially unemployed (10.1 million), those who dropped out of the labor force (5.3 million), and those who are misclassified or non-responsive to surveys (3.5 million). Add the people who have seen cuts to their income (6.8 million), and the total of those negatively affected economically by pandemic comes to 25.5 million.
The Fiscal Times
February 22, 2021
When Amazon raised its minimum wage to $15 per hour in 2018, a move now being debated in Congress for all American workers, some believed it would pressure other companies to lift pay levels as well — particularly rival retailers and warehouse employers.
“This is going to be a big deal for very low-wage workers,” Ben Zipperer, an economist at the Economic Policy Institute, a Washington, D.C.-based economic think tank said at the time. “It’s going to compel other businesses to raise wages as well.”
Gainesville Times
February 22, 2021
We talked to Celine McNicholas, Director of Government Affairs and Labor Counsel with the Economic Policy Institute, to get the low-down on what we can expect, and dare to hope for.
Dissent Magazine
February 22, 2021
The federal minimum wage is the baseline for employers in the state. A single adult needs to earn $11.76 per hour working full time to meet her basic needs in South Carolina, $4 more than the current minimum wage. According to David Cooper at Economic Policy Institute, the wages of roughly 684,000 South Carolina workers — a third of the state’s workforce — would increase if the state adopted a $15 minimum wage by 2025.
Statehouse Report
February 22, 2021
As David Cooper, senior economic analyst at the Economic Policy Institute, notes in the report, minimum wage hikes result in stronger buying power to workers. In turn, hospitality businesses benefit from the extra purchases. “Tax breaks or deferrals, rent subsidies, expanded lending programs, and other business-oriented relief measures all help firms weather a downturn,” Cooper says, “but they’re not going to drive additional spending in the same way that a minimum wage hike does.”
Mother Jones
February 22, 2021
Of the workers who will benefit from a $15 federal minimum wage hike, 59% are women, with nearly one in four of these women being Black or Latina, reports the Economic Policy Institute.
CNBC
February 22, 2021
“Because a higher minimum wage lifts up lower-income households — although some middle-income households benefit, too — it is likely to have a stronger effect than many — possibly even most — other recession response measures state and local policymakers might consider,” Dave Cooper, senior economic analyst at the Economic Policy Institute, said in One Fair Wage’s report.
Restaurant Dive
February 22, 2021
But without hundreds of billions in new federal aid, state and local governments won’t have the money to do that, said Julia Wolfe at the Economic Policy Institute.
“Many of them will be tempted to pursue austerity — the same mistake that they made last time around, in the Great Recession,” Wolfe said, after which it took years to restore public sector employment.
Marketplace
February 22, 2021
An organizing boom has hit the nonprofit world as workers at numerous legal aid groups, cultural institutions and advocacy organizations ranging from local social service providers to the American Civil Liberties…[paywall].
Law360
February 22, 2021
The Economic Policy Institute estimates raising the minimum wage to $15 by 2025 “would lift pay for nearly 32 million workers across the country.” According to an EPI study, 32 million workers — or 21% of the workforce — would see a raise if the minimum wage was increased to $15 an hour. The study also suggests that the increase “would provide an additional $107 billion in wages for the country’s lowest-paid workers,” the average of whom would see an additional $3,300 a year.
Media Matters for America
February 22, 2021