“This bill is also estimated to create over two million jobs by the Economic Policy Institute,” Coons said. “Investing this kind of money and upgrading and improving our schools, also creates good jobs for local construction companies and makes it safer and easier for kids to learn, and learn in a healthy environment.”
WDEL radio
February 8, 2021
The Economic Policy Institute estimates that 31 percent of all Black workers would get a raise under the bill.
Inequality.org
February 8, 2021
However, as important as savings may be, many Americans simply aren’t making it happen. One study from GOBankingRates showed that 57% of the 8,000 people it polled had under $1,000 in savings and 39% had nothing saved at all. And, according to the Economic Policy Institute, almost half of American families have nothing in retirement savings.
Laramie Live
February 8, 2021
A new report by the Economic Policy Institute contends that the $15 minimum wage would save $13.4 billion to $30 billion in taxpayer revenue annually. It would also increase Federal Insurance Contributions Act revenue by between $7 billion and $13.9 billion.
Lima News Ohio
February 8, 2021
“Communities have a right and a responsibility to govern in a way that’s most helpful to their constituents, but states are stepping in and preempting on a regular basis,” says Julia Wolfe, an analyst with the Economic Policy Institute, a progressive think tank, and coauthor of a study looking at preemption in the South.
Governing
February 8, 2021
Twenty-nine states and the District of Columbia already have minimum wages higher than the federal minimum of $7.25. And 45 localities have adopted minimum wages above their states’ minimum. Still, raising the federal minimum to $15 by 2025 would increase earnings for an estimated 32 million people, or 21% of the U.S. workforce, according to the Economic Policy Institute.
Notably, EPI says, the wage hike 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 Latino workers would see raises.
NPR
February 8, 2021
A 2019 study by the progressive think tank Economic Policy Institute found that employers may be becoming more brazen in union busting. Employers were charged with violating federal law in 41.5 percent of all union election campaigns in the U.S. in 2016 and 2017. That’s a higher rate than recorded during the 2000s.
Maine Beacon
February 8, 2021
The Economic Policy Institute, a Washington, D.C., think tank that supports a $15 minimum wage, estimates that nearly 32 million workers across the country — including 1.24 million in Michigan —would see higher wages as a result of the increase.
This figure means that 28.5% of Michigan’s workforce would see a pay hike of around $3,000 annually, the institute said. It also noted that, in counties with available data, around 40% of Black workers would see a pay increase of approximately $3,500 annually.
Another hot aspect of the debate is possible job loss if businesses are forced to pay employees more for seemingly the same amount of work.
The Economic Policy Institute cited a study arguing that “modest increases in the minimum wage have not led to detectable job losses.”
Manistee News Advocate
February 8, 2021
Cites EPI research on minimum wage.
Hill TV
February 8, 2021
“The Biden plan is an intentional overreach because, as I understand it, they think the economy has just run too cold for a very long time — since the Great Recession — and we need a period of very strong growth to repair the damage,” said Josh Bivens, research director at the left-leaning Economic Policy Institute.
Bivens also took issue with the idea that a large stimulus measure now would sap Biden of political, and literal, capital later. A public perception that the White House had met the current economic problems effectively would “strengthen their pitch” for later action, Bivens contended.
The Hill
February 8, 2021