CEO salaries grew 1,007.5% from 1978 to 2019, according to an Economic Policy Institute report. The average worker’s pay grew 11.9% during that same time. The public policy that allows this wage gap to widen can be changed, though, Baker says.
Acorns
February 11, 2021
Still, there are some compelling reasons to direct economic aid to mothers specifically, depending on what problem you’re trying to solve, says Elise Gould, an economist with the Economic Policy Institute. Extra income has a more positive impact on child poverty when mothers, rather than fathers, are the recipients of that money, research has found. But childhood poverty is yet another complex problem, and it is not the one the Marshall Plan group explicitly set out to address with this campaign.
Fortune
February 11, 2021
De Marco’s words point to a major blind spot within the study on minimum wage and HIV rates: the failure to consider employment trends. According to the Economic Policy Institute, even before the coronavirus-related economic depression, one in nine people in the U.S. working full-time schedules were paid amounts that left them in poverty, and Black and Latinx people were almost twice as likely as white people to be paid poverty-scale wages.
The Body
February 11, 2021
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.
Other Words
February 11, 2021
Politifact
February 11, 2021
The coronavirus crisis recovery has been labeled “k-shaped” because of the way it has magnified existing inequalities.
The Hill
February 11, 2021
But when COVID-19 hit and Gov. Gretchen Whitmer mandated economic shutdowns for as long as eight months in some industries, that figure jumped fivefold to 35.5% in the second quarter of 2020, according to the Economic Policy Institute (EPI).
The Center Square
February 11, 2021
Heidi Shierholz, senior economist for the left-leaning Economic Policy Institute, disputed that the jobless would prefer to draw benefits that last months rather than a permanent job, especially since there were 1.6 unemployed people for every job opening in December.
USA Today
February 11, 2021
Raising the federal minimum wage is a crucial racial and gender justice issue, as analysis from the Economic Policy Institute demonstrates that the majority of workers who will benefit from a $15 minimum wage are adult women, and Black women in particular. Raising the federal minimum wage is also more urgent than ever during the COVID-19 pandemic: A majority of people who would benefit from the Raise the Wage Act are frontline and essential workers, including those who work in nursing homes, hospitals, schools, retail establishments, food service, and the transportation industry. It is not enough to call these workers heroes. They need the wages they have been fighting for across the country.
NELP
February 11, 2021
“I find it hard to understand how the CBO concluded that raising the minimum wage would increase the deficit by $54 billion. Two years ago, CBO concluded that a $15 minimum wage would increase the deficit by less than $1 million over ten years. Further, several major studies done by the Center on Wage and Employment Dynamics and the Economic Policy Institute both found that raising the minimum wage would amount to a significant reduction in the deficit.
Sen. Bernie Sanders
February 11, 2021