The Economic Policy Institute estimates that nearly a third of all Black workers would get a raise under the Raise the Wage Act. The Congressional Budget Office estimates that it could also raise wages for 17 million workers overall. Another 10 million workers earning just above $15 could also see an increase.
People's Weekly World
February 12, 2021
What is more, the investment would pay dividends for school systems. The Economic Policy Institute found that for every $1 invested in capital improvements to education facilities, $1.50 in eventual economic development in the community is generated. A Quarterly Journal of Economics study found that educational advancement, housing prices and school enrollment increases follow suit.
The Daily Free Press
February 12, 2021
For a Columbia resident with no children, the cost of living is approximately $35,325 considering housing, food, child care, transportation, health care and other expenses, according to the Economic Policy Institute.
The State
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
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
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
According to the Economic Policy Institute, work-related injuries and illnesses can cost the U.S. up to $250 billion every year.
All Work
February 12, 2021
The Economic Policy Institute’s Heidi Shierholz and Margaret Poydock noted in a statement: “As of 2017, 56.2% of private-sector nonunion workers were subjected to forced arbitration agreements and an EPI and Center on Popular Democracy analysis projects that by 2024, that share will rise to more than 80%. The FAIR Act is a crucial step toward ending the growing practice of forced arbitration.”
Common Dreams
February 12, 2021
“Shockingly, individual consumers win in arbitration only 9% of the time, and in arbitrations against a financial company, the consumer ends up paying the company more than $7,700 on average, according to the Economic Policy Institute. Already, more than 60 million workers are forced into arbitration, and by 2024, more than 80% of private-sector, nonunion workers will be subject to it.
Public Citizen
February 12, 2021