In simple terms, a tariff is a sales tax on items imported from foreign countries. Trump plans to implement a 25% tariff on all goods imported from Canada and Mexico, as well as an additional 10% tariff on anything imported from China, The Guardian reported.
“Some of that is stuff we consume directly from abroad, especially food,” Adam Hersh, senior economist at the Economic Policy Institute, a DC-based think tank, tells Teen Vogue.
Teen Vogue
January 8, 2025
Though acknowledging voluntary recognition is a strong tool for workers when used properly — union elections can be costly and time-consuming — greater checks ought to be put in place to ensure unscrupulous unions don’t establish deals without buy-in from workers, said Dave Kamper, a policy strategist at the Economic Policy Institute.
“It is not good when members do not know they’re in a union. It is not good when members do not know that a contract is being negotiated on their behalf,” said Kamper. “It is not good when members don’t have any say in how that contract is negotiated, and no self-respecting democratic union operates that way.”
The City
January 8, 2025
A report recently released by the Economic Policy Institute, though, suggests that the CHOOSE Act could have far greater costs for Alabama’s public schools than the sticker price alone would suggest.
The report’s author, economist Hilary Wething, said that “vouchers undermine efforts to make excellent public education available to all children by pressuring fiscal resources available to public schools.”
Alabama Political Reporter
January 8, 2025
Relatively few people earn the minimum — only around 3% of Arizonans, according to one study by the Economic Policy Institute, which advocates for higher wages.
Arizona Republic
January 8, 2025
Corporations are entitled to make profits, of course. Indeed, in our economic system we need them to be profitable. But how much is too much — especially considering the astronomical salaries of many corporate executives? According to the Economic Policy Institute, over the past 45 years, top CEO compensation increased by 1,085% (not a typo) while their typical worker’s salary inched up by just 24%.
Dan Rather Substack
January 8, 2025
State legislatures across the country have been responding to local efforts to increase the minimum wage by taking control away from cities and towns, called “preemption,” according to a report by the Economic Policy Institute.
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There is another way of raising the minimum wage as 13 states peg increases in the minimum wage to rising inflation rates, according to an analysis by the Economic Policy Institute.
Providence Journal
January 8, 2025
More than 9.2 million U.S. workers saw a raise when the wage increases set in, according to the Economic Policy Institute.
CNBC
January 8, 2025
These wages hikes are expected to affect more than 9.2 million workers, raising their pay by a combined $5.7 billion, according to the Economic Policy Institute (EPI). Although teenage workers are disproportionately likely to be minimum wage workers, the EPI noted that the vast majority of affected workers (88%) are adults.
Convenience Store News
January 8, 2025
According to the Economic Policy Institute, a nonprofit think tank that put this research together, the pay raises will contribute to a $5.7 billion pay increase for minimum wage workers nationwide.
Consumer Affairs
January 8, 2025
According to the Economic Policy Institute, there were 85,000 U.S. workers laid off from 2022-23 by the top 30 companies which use the H-1B program. In that same timeframe, 34,000 guest workers were hired, largely at lower wages. It is simply cheaper for tech companies to exploit foreign labor.
Daily Tar Heel
January 8, 2025