Lastly, The Economic Policy Institute (2019), in what has been deemed the most comprehensive metastudy on the impacts of a significant minimum wage increase, examined the effects of 138 state minimum wage changes that occurred in the United States between 1979 and 2014. They found that “even with minimum wages rising as high as 55 percent of the median wage, there was no evidence of any reduction in the total number of jobs for low-wage workers”.
UConn Daily Campus
February 2, 2021
As a result, white families’ average net wealth was seven times higher than Black families’ in 2017, according to a report from the Economic Policy Institute published that year.
The Temple News
February 2, 2021
Some proponents also claim the bill would attract new manufacturing companies to the state. But studies by the Economic Policy Institute have found similar laws in other states have little to no positive impact on job growth.
Public News Service
February 2, 2021
About 4.5 million Texans’ wages could benefit from a minimum wage increase to $15 an hour, according to 2019 data from the nonprofit think tank Economic Policy Institute. And while there is mostly consensus that $7.25 an hour is not a livable wage, economists and independent analysts don’t universally agree on whether raising it would be a net positive for the Texas economy.
The Texas Tribune
February 1, 2021
Articles on minimum wage:
Minimum Wage Tracker, from The Economic Policy Institute
NPR Planet Money
February 1, 2021
The nonpartisan Economic Policy Institute (EPI) notes that the federal minimum wage has not changed for a decade — the longest it has remained the same since the minimum wage was established in 1938. According to the EPI, the increase would affect some 32 million workers, representing 21% of the U.S. workforce. Not only would the change overwhelmingly benefit essential workers, it would work to close the racial wealth gap; EPI says that 31% of Black workers and 26% of Latino workers would get a pay raise if the higher minimum wage takes effect.
Next City
February 1, 2021
Pessimism about retirement abounds for young people, who were more likely than older age cohorts to lose their jobs when the pandemic hit, an October paper from the Economic Policy Institute said.
The Balance
February 1, 2021
David Cooper, a senior economic analyst at the labor-backed Economic Policy Institute, told me the phase-in schedule was “perfectly reasonable” and agreed businesses need time to adjust without negative consequences.
…
David Cooper, the labor-backed EPI economic analyst, acknowledged this issue but agreed with policy that gradually reaches $15 by 2025. “What experience with higher minimum wages and a lot of research has shown, when you phase in increases over time, businesses are able to adjust without there being any of the dire consequences that opponents always claim are going to happen,” said Cooper.
He was hopeful about future legislation, adding, “There’s nothing that says we have to stop at $15 once we get there.”
Jacobin
February 1, 2021