Thanks to the nonpartisan Economic Policy Institute, we also know that as many as 52,000 Wyoming women would see a raise — and most of them would be lifted out of poverty — if the federal minimum wage were to rise to $15 an hour.
Jackson Hole News & Guide
January 8, 2020
The 2020 new year marks an historic landmark for dramatically improving many people’s living standards by increasing the minimum hourly wage. According to David Cooper of the Economic Policy Institute, nearly 7 million workers will start the new year with higher wages. This is not due to Trump’s tax cut which reduced the corporate income tax rate from 35 percent to as low as 20 percent. That change resulted in doubling the number of companies paying zero in taxes, according to research from the Center for Public Integrity.
Daily Kos
January 8, 2020
On New Year’s Day, 6.8 million hourly workers in 22 states received pay increases of up to $1,700 a year as a result of higher minimum wages kicking in, according to the Economic Policy Institute, a left-leaning think tank. Here in Illinois, the minimum wage rose to $9.25 an hour, on its way to $15 an hour in 2025.
Chicago Sun Times
January 8, 2020
A report recently released from the Economic Roundtable, a nonprofit research center based in Los Angeles, concluded that the wages Amazon pays its highly skilled workers versus warehouse workers perpetuates economic disparities that benefit those at the top but not necessarily those who do the heavy lifting. While Amazon’s starting salary of $15 an hour for manufacturing employees sits above Utah’s minimum wage of $7.25 per hour, full-time employees would still only make about $31,000 annually. That kind of salary is doable for a single person living in Salt Lake City, according to the Economic Policy Institute’s family budget calculator, but it falls far short of covering needs for a single parent with child or a family with one income.
The Salt Lake Tribune
January 8, 2020
The Economic Policy Institute, a left-leaning think tank, projects that in four years, almost 83% of private-sector workers will be subject to mandatory arbitration. It estimated 56% of workers had mandatory arbitration clauses in their contracts. The EPI says mandatory arbitration does not give workers a fair hearing, or the resources of the American legal system — like a jury by one’s peers.
MarketWatch
January 8, 2020
The Public Assets Institute (PAI), a Montpelier-based economic analysis nonprofit, released State of Working Vermont 2019 last month. PAI compiles the annual report in conjunction with the Economic Policy Institute in Washington, D.C., a non-profit think tank that studies the economy and effects of economic policy.
The Commons
January 8, 2020
A US study in 2018 by the Economic Policy Institute found Uber drivers only earn an income of $9.21 an hour after costs, below California’s minimum wage of $12 an hour for a company of Uber’s size (26 employees or more). That’s a pay gap of 31.5% between Uber drivers and regular minimum wage earners. The impact to platform labor organizations that depend on contractors could be enormous, which is why some of these companies have banded together to overturn the law in a referendum. Lyft, Uber, Postmates and some other gig worker companies have also refused to comply with the law. Court battles have already been launched.
Talent Management & HR
January 8, 2020
“They are explicit that they are only working with people who are going to be congenial,” said Lawrence Mishel, a distinguished fellow at the Economic Policy Institute, a union-affiliated thinktank based in Washington DC. “I’ve had that conversation with them.”
The World University Ranking
January 8, 2020
Plus, most Americans are facing a retirement shortfall. 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.
CNBC
January 8, 2020
I would love to help more people achieve their financial goals — whether that’s living their retirement dreams, sending their kids to college, or buying a home. Doing that requires bringing transparency to financial services and changing the way the industry works. According to the Economic Policy Institute, retirement savers lose $17 billion annually acting on advice from financial advisers who have conflicts of interest — this simply can’t stand.
Medium
January 8, 2020