Progressive think tank the Economic Policy Institute found that Americans 56 to 61 had a median balance of $21,000 in their 401(k) accounts in 2016, which is the most up-to-date data on file. That total reflects almost 30 years of savings.
Equities.com
December 17, 2019
A separate report published in 2017 by The Economic Policy Institute concluded that a gradual increase to a federal minimum wage of $15 by 2024 “would directly or indirectly lift wages for 41.5 million U.S. workers, representing 29.2% of the wage-earning workforce.” The injection of $144 billion in additional wages, the study said in its summary, would help stimulate the economy and spur greater business activity and job growth.
Yahoo Finance
December 17, 2019
Alabama is not alone in passing a law to block local governments from taking minimum wage matters into their own hands. According to the Economic Policy Institute, more than 20 other states have laws that generally preempt local governments from raising minimum wage.
Courthouse News Service
December 17, 2019
Separate research has found “employees are less likely to win arbitration cases and they recover lower damages in mandatory employment arbitration than in the courts,” according to the Economic Policy Institute. A review by Cornell University found employees were less likely to win arbitration cases than they were when litigating employment disputes in court, and also found “a significant repeat employer-arbitrator pairing effect in which employees on average have lower win rates and receive smaller damage awards where the same arbitrator is involved in more than one case with the same employer, a finding supporting some of the fairness criticisms directed at mandatory employment arbitration.”
Voice of San Diego
December 17, 2019
According to the Economic Policy Institute (EPI), “Latina workers have to work nearly 11 months into 2019 to be paid the same as White non-Hispanic men in 2018.
BE Latina
December 17, 2019
Many of those visa holders perform jobs that Americans would eagerly do in landscaping, forestry, recreation, construction and hospitality. The number of guest workers, or temporary labor migration program (TLMP) participants, in the U.S. is estimated at about 500,000 annually, according to the Economic Policy Institute.
The Tribune-Democrat
December 17, 2019
The budget you need to live comfortably in the DC region, according to Economic Policy Institute’s Family Budget Calculator:
NorthernVirginia
December 17, 2019
In a new report, the progressive think tank Economic Policy Institute (EPI) found evidence that employers are increasingly brazen in seeking to obstruct workers’ attempts to unionize. Records of the National Labor Relations Board (NLRB), which oversees private-sector labor rights and union elections, reveal that in more than 40% of the 3,260 union elections during 2016 and 2017, employers have been charged with unfair labor practices aimed at undermining electoral procedures and retaliating against pro-union workers.
Truthout
December 17, 2019
The Economic Policy Institute nonprofit, nonpartisan think tank this week published a series of telling charts that “paint a picture of increasingly inadequate retirement savings for successive generations of Americans — and large disparities by income, race, ethnicity, education, and marital status.”
MarketWatch
December 17, 2019