The top 20% of tipped workers would receive an average tax cut of $5,768, while the bottom 20% would only receive only $74 on average, according to the Economic Policy Institute.
CNBC
July 7, 2025
Minimum wage increases went into effect across several states and localities on Tuesday.
Why it matters: In Alaska, Oregon, and Washington, D.C. alone, that means paycheck boosts for more than 880,000 people, according to The Economic Policy Institute, also impacting workers in major hubs like Los Angeles, San Francisco, and D.C.
Axios
July 7, 2025
According to the Economic Policy Institute, the median U.S. retirement account balance for workers approaching retirement is a mere $10,000.
New York Observer
July 7, 2025
An Economic Policy Institute report found that roughly half of older workers (aged 50 to 70) have physically demanding jobs, with more than half working in environmentally hazardous conditions. Whether you’re physically taxed by your day-to-day work, a challenging work schedule, or a high-pressure job, it makes sense to want to remove yourself from the situation.
Motley Fool
July 7, 2025
Supporters have called the proposal a “lifeline” that would provide some financial relief for servers who depend on gratuities to make ends meet, according to the Economic Policy Institute. However, critics argue that it could backfire, and it would help very few workers.
Citing data from the Brookings Institution, the Economic Policy Institute pointed out that 37% of tipped workers don’t earn enough to pay federal income tax, and could even lose income, as they could lose eligibility to important tax credits, like the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC).
GO Banking Rates
July 7, 2025
The company that finally turned its first annual profit in 2023 is supporting OBBBA because of the bill’s elimination of taxes on tips. But that elimination doesn’t appear to apply to Uber drivers in its current form. This endeavor is so gimmicky, even those who support the idea in theory often overlook its limited impact. The Economic Policy Institute’s February piece is a valuable source on the issue.
Indiana Citizen
July 7, 2025
Previously, on January 1, 21 states increased their minimum wage, impacting some 9.2 million workers. The July 1 wage increase isn’t quite so far-reaching, but it will still impact more than 880,000 workers, according to a recent report from the Economic Policy Institute. Per the report, the wage bump will collectively raise those workers’ earnings by around $397 million.
Fast Company
July 7, 2025
…2.4 million farmworkers in the United States, according to the Economic Policy Institute, 40% of whom the Agriculture Department estimates…[paywall].
CNN
July 7, 2025
The Economic Policy Institute stated that more than 30,000 federal workers reside in the greater Boston area.
96.9 Radio Boston
July 7, 2025
The wage increases are expected to affect more than 880,000 workers this summer as minimum wage laws take effect in areas including Alaska, Oregon, Washington, D.C. and certain cities in California and Washington state, according to a report by The Economic Policy Institute.
CNBC
July 7, 2025