Low-wage workers also experienced the fastest real wage growth of any income group under Biden, according to the Economic Policy Institute. More Americans are also in work than when he started his term.
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“The administration couldn’t overcome legislative opposition to labour law reform or to raising the federal minimum wage,” said Josh Bivens, chief economist at EPI, adding that the administration’s gamble that its progressive policies would become too popular to remove backfired. “Progressives need to not bank on programmes creating their own constituency.”
Financial Times
January 21, 2025
“Instead of undermining the economic security of tipped workers, Michigan policymakers should take steps to make the phase-out of the tipped minimum wage as smooth as possible for businesses, workers, and consumers,” said Sebastian Hickey of the Economic Policy Institute. “Despite resistance from business lobbying groups and conservative lawmakers, Michigan should maintain the court-ordered path to eliminate the tipped minimum wage and the exploitation it perpetuates.”
The Center Square
January 21, 2025
Real GDP growth and GDP per capita are both running at their fastest pace during a presidential administration transition since 2000, according to the Economic Policy Institute.
CNN Business
January 21, 2025
The analysis by the Economic Policy Institute showed in 2023, Black, Hispanic, American Indian and Alaska Native children were three times more likely than their white peers to live in poverty. In Missouri, there’s a nearly 17% child poverty rate, just above the national average revealing risks to children’s overall well-being.
Ismael Cid-Martinez, economist at the Economic Policy Institute and the report’s co-author, said a major cause centers around employment disparities.
“Black workers are more likely than their non-Hispanic white peers to be unemployed,” Cid-Martinez reported. “Then when they do obtain some form of employment in the labor market, they’re likely to earn less than their peers.”
Public News Service
January 21, 2025
The senator cited data from the Economic Policy Institute, which determined that the top 30 H-1B employers hired 34,000 new H-1B workers in 2022 and laid off at least 85,000 workers in 2022 and early 2023. EPI’s reporting was based on data from layoffs.fyi, which notes that it largely uses anecdotal data to compile its findings.
Ethnic Media Services
January 21, 2025
In its current form “the system is very easy to game,” said Daniel Costa, an immigration researcher at the Economic Policy…[paywall].
Boston Globe
January 21, 2025
In 2024, the real value of the federal minimum wage will be at its lowest level in over 70 years. (If it’s not updated, the value of the minimum wage tends to fall over time, due to inflation.) See Economic Policy Institute (7/14/2022), The value of the federal minimum wage is at its lowest point in 66 years.
Substack
January 21, 2025
According to the Economic Policy Institute, 30 states and multiple cities, including Washington, D.C., have established higher wage floors than the federal level.
Newsmax
January 21, 2025
The national minimum wage has been stuck at $7.25 since 2009, although 30 states and dozens of cities, including the District of Columbia, have increased the effective minimum wage, according to the Economic Policy Institute.
The Hill
January 21, 2025
The Future of Teaching. Are the pipelines drying up in the teaching profession? A recent report from the Economic Policy Institute and the Center for Economic and Policy Research found that the pay penalty for teachers, the regression-adjusted gap between the weekly wages of teachers and college graduates working in other professions, grew to a record 26.6% in 2023. Kara Miller, Boston Globe correspondent joins Gary to discuss the future of teaching.
WBZ News Radio
January 21, 2025