Andrew Hsu of National Public Radio notes that Economic Policy Institute (EPI) research finds that the measure would “boost income for people of color, who make up a disproportionate share of low-wage workers. Nearly one-third of African American workers and one-quarter of [Latinx] workers would see raises.”
Nonprofit Quarterly
February 12, 2021
Murphy, who introduced his bill in 2015 and is reintroducing it this year, cited an Economic Policy Institute study claiming that closing loopholes in the law will create 60,000 to 100,000 jobs.
TechTarget
February 12, 2021
The Economic Policy Institute, which receives some of its funding from labor unions, analyzed the same congressional proposal as the CBO but found more workers would see higher wages. It estimated the legislation would raise the pay of nearly 32 million workers and “meaningfully reduce the number of families in poverty.”
EPI also argues that a single, full-time worker without kids needs $15 an hour “to achieve a modest but adequate standard of living.”
FactCheck.org
February 12, 2021
But the jobless could fall off another cliff unless lawmakers keep extending jobless benefits, warns Economic Policy Institute Policy Director Heidi Shierholz, a former top Labor Department economist.
People's Weekly World
February 12, 2021
Limiting relief to the federal checks, without forcing wages to go up, takes the burden off the corporations who continue to underpay their workers. These same corporations were the primary beneficiaries of Trump’s 2017 tax cuts. While keeping workers’ wages below poverty levels for decades, CEOs — in the top 1% — have seen their compensation increase by 940% since 1978. During the same period, a typical worker’s income has risen by only 12%. (Economic Policy Institute)
International Action Center
February 12, 2021
According to a report from the Economic Policy Institute, the cost for a modest standard of living for a single adult is $31,200 a year. It’s estimated that raising the minimum wage would have an immediate benefit on one-third of Black workers and one-quarter of Latino workers.
Hot 96.3
February 12, 2021
William Dudley, Bloomberg Opinion Columnist & Former New York Fed President, says the U.S. economic and labor market recovery could happen faster than people think. Dan Ives, Wedbush Securities Analyst, sees a tidal wave of tech M&A coming. Greg Boutle, BNP Paribas U.S. Head of Equity & Derivative Strategy, discusses recent changes in market volatility. Heidi Shierholz, Economic Policy Institute Senior Economist & Director of Policy, discusses what it will take to get the labor market back on track.
Bloomberg
February 12, 2021
Googlers for Ending Forced Arbitration said in a blog post Thursday that the need to end forced arbitration has become “increasingly relevant during COVID as we watched employers and nursing homes evade accountability with forced arbitration clauses.” More than 50% of U.S. workers are subject to forced arbitration, according to the Economic Policy Institute.
MarketWatch
February 12, 2021
Although there’s a clear need for insurance coverage for the primary breadwinner in a household, a nonearning spouse should usually be covered as well. Life insurance can help pay for services that used to be covered by the nonearning spouse, such as child care, cleaning or home maintenance. These services, which can often be taken for granted, are quite expensive when you have to hire outsiders. For example, according to the Economic Policy Institute, the average cost of infant care in California is $16,945 per year, or almost double the cost of in-state tuition at a public college. Professional house cleaning can cost anywhere between $120 and $300 in major cities across America.
GoBanking Rates
February 12, 2021
Workplace injuries and illnesses cost the U.S. upwards of $250 billion each year, according to the Economic Policy Institute. ERA-backed startup Intenseye, a machine learning platform, has raised a $4 million seed round to try to bring that number way down in an economic and efficient way.
Tech Crunch
February 12, 2021