Relatively few people earn the minimum — only around 3% of Arizonans, according to one study by the Economic Policy Institute, which advocates for higher wages.
Arizona Republic
January 8, 2025
Corporations are entitled to make profits, of course. Indeed, in our economic system we need them to be profitable. But how much is too much — especially considering the astronomical salaries of many corporate executives? According to the Economic Policy Institute, over the past 45 years, top CEO compensation increased by 1,085% (not a typo) while their typical worker’s salary inched up by just 24%.
Dan Rather Substack
January 8, 2025
State legislatures across the country have been responding to local efforts to increase the minimum wage by taking control away from cities and towns, called “preemption,” according to a report by the Economic Policy Institute.
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There is another way of raising the minimum wage as 13 states peg increases in the minimum wage to rising inflation rates, according to an analysis by the Economic Policy Institute.
Providence Journal
January 8, 2025
More than 9.2 million U.S. workers saw a raise when the wage increases set in, according to the Economic Policy Institute.
CNBC
January 8, 2025
These wages hikes are expected to affect more than 9.2 million workers, raising their pay by a combined $5.7 billion, according to the Economic Policy Institute (EPI). Although teenage workers are disproportionately likely to be minimum wage workers, the EPI noted that the vast majority of affected workers (88%) are adults.
Convenience Store News
January 8, 2025
According to the Economic Policy Institute, a nonprofit think tank that put this research together, the pay raises will contribute to a $5.7 billion pay increase for minimum wage workers nationwide.
Consumer Affairs
January 8, 2025
According to the Economic Policy Institute, there were 85,000 U.S. workers laid off from 2022-23 by the top 30 companies which use the H-1B program. In that same timeframe, 34,000 guest workers were hired, largely at lower wages. It is simply cheaper for tech companies to exploit foreign labor.
Daily Tar Heel
January 8, 2025
The minimum wage increases will benefit three million employees across the country, and indirectly raise the pay of 6.2 million better-paid workers, according to an analysis from the Economic Policy Institute. Wage increases help low-paid employees keep pace with inflation, which has run rampant since 2021, only cooling to 2.6 percent recently. There is no state minimum wage law in five Southern states: Alabama, Louisiana, Mississippi, South Carolina, or Tennessee.
Daily Mail
January 8, 2025
According to the nonpartisan think tank Economic Policy Institute (EPI), more than 9.2 million workers saw a raise in their minimum wage paychecks starting on Jan. 1. They will receive a total of $5.7 billion more pay in 2025.
Investopedia
January 8, 2025
Still, researchers at the Economic Policy Institute noted that the supply-demand imbalance for workers in the tech industry has been overstated. Other EPI research shows tech companies continue to hire H-1B workers in large numbers while shrinking their US workforces. They conclude that some tech companies are turning to cheaper foreign workers rather than hiring US workers. Other employers have brought over foreign tech workers and leased them out to other US companies, which lay off their IT departments made up of local, more expensive workers, according to EPI.
Yahoo Finance
January 8, 2025