The progressive Economic Policy Institute claims that no tax on tips “will harm more workers than it helps.” It will
- “Help very few workers and undermine pay increases for many more.
- Expand the use of tipped work—a system rife with discrimination and worker abuse— potentially leading to consumers being asked to tip on virtually every purchase.
- Deplete state and federal budgets and create new avenues of tax avoidance, especially for high earners.”
Common Dreams
June 2, 2025
The Economic Policy Institute projects that deficit-financed tax cuts at full employment would “put a drag on growth” in the future.
The Berkshire Edge
June 2, 2025
Average hourly wages, by decile, for US workforce of 171 million
Source: Economic Policy Institute
Bloomberg
June 2, 2025
A 1990 study by the Economic Policy Institute concluded that, after adjusting for changes in the cost of jet fuel, overall airline fares fell faster in the 10 years before 1978 than they did during the 10 years after.
Washington Monthly
June 2, 2025
Reich’s post drew on data from a 2024 report by the Economic Policy Institute, which shows that while CEO compensation dipped in 2023, the long-term trend is unmistakable: executive pay has exploded over the last four decades.
In 2023, CEOs at the top 350 U.S. firms earned 290 times more than the average worker. That’s a huge jump from 1965, when the ratio was just 21 to one.
Benzinga (via Yahoo! Finance)
June 2, 2025
Cites EPI state DOGE blog [paywall].
Baltimore Sun
June 2, 2025
I rarely ask you to look at charts. Today is an exception. This one is from the Economic Policy Institute. It compares the typical American’s pay starting just after World War II (light blue line) with the nation’s increasing productivity since then (dark blue).
The chart shows the widening divergence between the rise of pay and the yields from productivity.
Robert Reich Substack
June 2, 2025
Around half of all families in the U.S. don’t have any retirement savings, according to the Economic Policy Institute.
MoneyWise
June 2, 2025
Work requirements. One proposal that may spark some of those enrollment losses is the introduction of work requirements for people ages 19 to 64, who would have to show proof of working 80 hours a month at a job or other qualifying activities. That could hurt workers, including those 50 to 64, says Monique Morrissey, senior economist for the Economic Policy Institute.
“If the economy tips into recession, older workers are less likely to lose their jobs, but they have a harder time finding new ones,” she says. Without a job, those workers could lose coverage.
AARP
June 2, 2025
Josh Bivens, chief economist at Economic Policy Institute (EPI), told Newsweek on Sunday that concerned Republicans “have half a point” about the deficit spending.
“Right now, we’re running too-large deficits for an economy near full employment,” Bivens said. “The excess size of these deficits is about 2 to 2.5 percent of GDP—that’s how much we should raise in revenue or cut in spending to keep the ratio of debt to overall GDP stable going forward….”
The economist said, however, that the situation is more like a “leaky roof,” and not a “house fire” that requires a drastic response. “You want to address it, but don’t want to wildly overreact to it,” he said.
Newsweek
June 2, 2025