Media clips

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• Right move for Vermont

  According to the Economic Policy Institute, Balint noted, “most of these workers are over 20 years old. In other words, they are not teenagers trying to make a little cash for pocket money, as opponents of minimum wage increases sometimes claim. Rather, 40% of minimum wage earners are the head of their household. We also know from the data that the majority of these workers are not working just part-time. … The majority of minimum wage workers are also women. Among female minimum wage earners, 60% are over 30 years old.”

  Rutland Herald March 3, 2020
• When a $200 raise can ruin your life

  Others such as the Liberal Economic Policy Institute released a report arguing that increasing the national minimum wage to $12 by 2020 would reduce public-assistance spending by $17 billion. However, Schoellkopf believes those arguments make little sense.“That logically doesn’t hold. People lose their benefits and they are worse off than when they started. It increases a cycle of people being on and off benefits. It doesn’t actually save money—it costs more.”

  Dame Magazine March 3, 2020
• CBO: Raising the federal minimum wage would lift millions out of poverty—but there’s a downside

  “There’s a lot of turnover in a low wage labor market,” Heidi Shierholz, senior economist and director of policy at the left-leaning Economic Policy Institute (EPI), told Yahoo Finance. “So if we have an employment decline in a labor market like that, it doesn’t necessarily mean people are getting pink slips. You have people going in and out of jobs, so there are fewer jobs. It just means that people spend a little more time looking for jobs than they otherwise would have. But then when they do get the jobs, they make a lot more money.”

  Yahoo Finance March 3, 2020
• Pete Buttigieg rallies with SC McDonald’s workers, slams economy before Democratic Primary

  Research shows about 684,000 South Carolina workers — or one third of the state’s workforce — would see their wages increase if a $15 federal minimum wage were adopted by 2025, according to David Cooper, a senior economic analyst at the Washington-based Economic Policy Institute.

  The Post and Courier March 3, 2020
• Here’s how top 2020 presidential candidates are promising to help parents with child care costs

  Overall, American parents with children under the age of five are forking over a total of $42 billion for early child care and education, such as preschool programs, according to a recent report from the progressive think tank Economic Policy Institute.

  CNBC March 3, 2020
• Sydney Leroux says she paid more for child care than she made in salary from Pride

  The average cost of infant child care in Florida is $9,238 annually, according to the Economic Policy Institute. For an infant and a 4-year-old it’s closer to $11,185. That’s 22 percent of the maximum NWSL salary for 2020, a price point deemed unaffordable by the U.S. Department of Health and Human Services guidelines.

  Yahoo Sports March 3, 2020
• Meet the 10 most overpaid CEOs in the U.S.

  CEOs didn’t always earn this much. The average CEO-to-worker compensation ratio in the 1960s was 20:1. A report from the Economic Policy Institute last year found that CEO compensation grew 940% between 1978 and 2018, while worker compensation grew only 12% over the same time period.

  Fast Company March 3, 2020
• Spring break travel: Three ways to be a more responsible Airbnb guest

  WEST LAFAYETTE, Ind. — Travelers planning an affordable spring break trip should be aware of the “Airbnb effect.” Areas with a rise in Airbnb rentals, for example, often see a jump in housing prices and other negative aspects of tourism, according to the Economic Policy Institute.

  Purdue University March 3, 2020
• New tool examines how U.S. taxes and spending affect income inequality

  Today, the Economic Policy Institute is launching a website aimed at shedding light on how the U.S. tax and spending system affects household income up and down the income distribution.

  The U.S. Tax & Spending Explorer allows users to take a deep dive into the ways that the federal government affects the inequality of households’ incomes through taxes and through spending on social insurance and safety net programs. The explorer also examines so-called “tax expenditures,” sometimes referred to as the hidden federal budget. …

  TaxProf Blog March 3, 2020
• U.S. labor board limits companies’ liability for franchisee labor-law violations

  Unions and other opponents of the new rule have said it will deprive many workers, particularly in low-income industries, of the ability to improve their working conditions through collective bargaining. The left-leaning Economic Policy Institute on Tuesday estimated that workers will lose $1.3 billion in wages annually as a result of the rule.

  Reuters March 3, 2020