At the time of the TCJA’s passage, the White House vowed that slashing corporate taxes would unleash economic growth and provide higher wages for workers. But there’s little evidence that has occurred, according to a separate analysis from the liberal-leaning Economic Policy Institute.
“What the plan has done is dramatically increase stock buybacks and exacerbate decades of rising income inequality,” said EPI director of research Josh Bivens in a statement.
CBS News
January 2, 2020
Minimum Wage. In California, the statewide minimum wage for most employees is $12 per hour.[8] It is set to rise to $13 in 2020.[9] The minimum wage is higher in some California jurisdictions, such as San Francisco, where it is $15.59 per hour.[10] As employees, California TNC drivers would be eligible for a minimum hourly wage of $13 per hour in 2020—or, in several California jurisdictions, a higher minimum wage. This minimum wage may exceed the amount that TNC drivers currently earn in average wages after expenses. A 2018 study by Lawrence Mishel of the Economic Policy Institute (EPI) found that Uber drivers nationwide earn an average of $9.21 per hour.[11]
Competitive Enterprise Institute
December 19, 2019
“Overall job growth is solid, but manufacturing is certainly taking a hit this year,” said Heidi Shierholz, senior analyst with the Economic Policy Institute. “And retail continues its slide” with a 4,000-job average monthly job loss this year.
Southern Illinois Labor Tribune
December 19, 2019
Low unemployment has contributed to some wage growth in recent years after decades of stagnation. From 1978 to 2018, median worker pay only grew by 11.9% when adjusted for inflation, while average CEO pay for the U.S.’s biggest 350 companies grew by 940% over the same period, according to the Economic Policy Institute.
Citizen Truth
December 19, 2019
The political implications of USMCA remain to be seen and, since the final text of the agreement hasn’t yet been released, it’s hard to assess its full impact. But we already have a pretty good idea of what kind of relief it will supply for workers: not much. A report by economists Thea M. Lee and Robert E. Scott at the Economic Policy Institute concedes that USMCA is a big improvement from the 2017 version, but concludes that it ultimately adds up to “Band-Aids on a fundamentally flawed agreement and process.”
Truthout
December 19, 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 19, 2019
Somewhere between one-quarter and nearly one-half of private-sector workers are subject to noncompete agreements, employment provisions that ban workers from going to work for—or starting—a competing business within a certain time period after leaving a job, according to a study from the Economic Policy Institute. A 2014 survey found that 18 percent of workers were covered by the covenants.
SHRM
December 19, 2019
While we don’t know how the anti-union firm IRI Consultants is advising Google, its website advertises that it conducts “union vulnerability assessments” and has helped large companies persuade employees against union elections. Celine McNichols, labor counsel at the Economic Policy Institute and the author of a recent report on union busting, says that during ‘union vulnerability tests,’ consultants typically advise employers to monitor employee behavior and organizing. (Google workers have not formally announced a union drive.)
VICE
December 19, 2019
- Somewhere between 36 million and 129 million workers — nearly 28% to 46% of the private-sector workforce — are required to sign noncompete agreements, according to new research from the Economic Policy Institute (EPI). This is up from just 18% in 2014, according to what the EPI called a “high-quality” study conducted by different researchers.
HR Dive
December 19, 2019
LINCOLN, Neb. – Nearly half of U.S. families have no retirement savings, according to a new Economic Policy Institute report. And the median balance for families that do have savings is far from what they’ll need.
Public News Service
December 19, 2019