“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
Chart topper
From Heidi Shierholz, policy director at the Economic Policy Institute: https://twitter.com/hshierholz/status/1346130099188297728?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1346130099188297728%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.washingtonpost.com%2Fpolitics%2F2021%2F01%2F05%2Ffinance-202-wall-street-urges-gop-accept-election-results-even-some-donate-georgia-republicans%2F
Washington Post
January 5, 2021
The paid leave mandate has been a lifeline for Raygun and other small businesses attempting to weather the pandemic without dismissing workers who fall sick or get exposed to the virus. Low-wage workers are especially vulnerable, since a sizable portion of them are not entitled to any paid sick leave: While 87% of the top 10% of private-sector wage earners have paid sick days, only 27% of the bottom 10% of workers do, according to the Economic Policy Institute.
Fast Company
January 5, 2021
Approximately 25.7 million workers in the U.S. remain unemployed, out of work due to the pandemic, or have experienced a reduction in work hours or pay, according to the Economic Policy Institute.
Investopedia
January 5, 2021
Younger people who still have jobs are least likely to have the option of telecommuting, according to a report from the Economic Policy Institute (EPI), losing out on a large added measure of protection from the virus, not to mention the cost savings of not having to commute.
…
“Not only have many young people in this country faced the harsh reality of returning to school without in-person classes at their colleges and high schools, the job prospects for those seeking employment have been particularly bleak,” economists at the left-leaning EPI said in a recent report.
CBS Moneywatch
January 5, 2021