According to the Economic Policy Institute, the buying power of the $7.25 hourly wage has declined by 17% since 2009, the equivalent of the loss of $3,000 a year in wages for a minimum-wage worker.
Wilkes Barre Citizens' Voice
January 6, 2021
Backstory: Even most older Americans report that they don’t have enough money saved for retirement, with the median family holding just $7,800 in 401(k)s, IRAs and other self-directed accounts, according to a 2019 study from the left-leaning Economic Policy Institute.
Axios
January 6, 2021
In a Dec. 17 report, the left-leaning Economic Policy Institute and National Employment Law Project called on states to start relief funds to “provide financial assistance for unemployed immigrant workers and other jobless workers shut out of unemployment insurance programs.”
Pew Charitable Trust
January 6, 2021
“A lot of it is really just political will,” Dave Cooper at the Economic Policy Institute told Yahoo Finance. “There’s such a deeply ingrained perspective that raising the minimum wage must lead to job losses, because it’s the basic sort of Econ 101 textbook understanding of the labor market.” Businesses “think that if my labor costs go up, … the only way they can think of is to cut back hours, cut staff. But they’re not thinking about the wider economy-wide effects.”
Yahoo Finance
January 6, 2021
Obviously we head into 2021 millions of Americans are still out of work. We’re talking about 27.5 million workers who are officially unemployed either they lost their job, they had a reduction in their work hours, and that’s according to the Economic Policy Institute.
Spectrum News
January 5, 2021
Per the Economic Policy Institute, the city of Flagstaff actually has its own, higher minimum wage. In 2021, the minimum wage in Flagstaff will be $15.
Business Insider
January 5, 2021
UpWork went on to predict that freelancers would form the majority of the workforce in the United States within a decade, but a recent analysis by the Center for Economic and Policy Research and the Economic Policy Institute pours scorn on such suggestions. Indeed, they argue that little has really changed since Pink made his prediction all those years ago.
The authors suggest that there has been little real change in work trends in the last 12 years, with those working in the gig economy representing just 1% of the overall workforce.
Forbes
January 5, 2021
Yet, in line with the U.S. debate over other vestiges of past structural racism, like Confederate monuments, not everyone sees the benefit of simply removing restrictive covenants.
“I am in favor of such a movement if it is conducted by groups that are going to take concrete steps to actually desegregate the neighborhoods from which these deeds excluded African Americans,” said Richard Rothstein, a fellow at the Economic Policy Institute.
Thomson Reuters Foundation News
January 5, 2021