“Even if there were not a pandemic, it’s well overdue,” said economist Ben Zipperer of the Economic Policy Institute.
Opponents argue that raising the minimum wage would hurt businesses and force job cuts. The Congressional Budget Office estimated in 2019 it could lead to the loss of 1.3 million jobs.
“Those kinds of scare stories are theoretically possible, but they don’t actually play out in the data,” said Zipperer.
CBS News
January 27, 2021
Though the benefits of an increased federal minimum wage is still debated among economists, David Cooper of the Economic Policy Institute says there’s growing opinion that it would help the economy overall.
Click Lancashire Independent News
January 27, 2021
Baldwin’s office cited a report by the Economic Policy Institute that state’s the legislation, dubbed the Raise the Wage Act, would increase the pay for 32 million Americans, including approximately 1 in 3 of Black workers and a quarter of Latino workers.
The Associated Press
January 27, 2021
An estimated 32 million people would benefit from the bill introduced Tuesday by the House of Representatives to raise the federal minimum wage to $15 per hour by 2025, the progressive Economic Policy Institute (EPI) finds. And the majority of those affected would be essential and front-line workers.
CNBC
January 27, 2021
The Economic Policy Institute says on its website that the legislation includes a “100% federal subsidy for work-sharing in states that already have work-sharing programs.” New York is on the list of states that have work-sharing programs.
CNBC
January 27, 2021
Across the Atlantic, the picture is even more extreme. Analysis by the Economic Policy Institute, a Washington DC-based think tank, showed chief executives of the 350 largest US companies earned an average $21.3m (£16.9m) in 2019. This puts the CEO-to-worker pay ratio at 320 to 1 – more than five times the level in 1989.
BBC
January 27, 2021
The Economic Policy Institute, which advocates for raising the wage, estimates that raising the minimum to $15 by 2025 would lift pay for nearly 32 million workers — or 21 percent of the U.S. workforce — and inject $107 billion in higher wages into the economy.
Politico
January 27, 2021
According to a study of the bill by the Economic Policy Institute, raising the federal minimum wage to $15 would lift the pay of nearly 32 million workers, or 21% of the U.S. workforce.
The study also said that it would aid in narrowing the racial pay gap as 31% of Black Americans and 26% of Latinos make the federal minimum wage.
Breitbart
January 27, 2021
“A few years ago you hardly heard about college graduates taking unpaid internships,” the Economic Policy Institute’s Ross Eisenbrey told The New York Times in 2012, a statement that now feels bleakly quaint. “But now I’ve even heard of people taking unpaid internships after graduating from Ivy League schools.”
The New Republic
January 26, 2021