There is an earnings cap on Social Security’s funding payroll taxes, and high earners making over $160,200 (as of 2023) are exempt. This skewing of the tax structure, with the greater share of wealth going to the rich, is hurting Social Security’s FICA income, as the Economic Policy Institute has documented.
Truthout
January 8, 2025
New York is one of 21 states raising their minimum wages, boosting income for a total of 9.2 million workers nationwide, according to the Economic Policy Institute. The new wage floors in neighboring Connecticut and New Jersey are $16.35 and $15.49, respectively. California’s rises to $16.50, on par with New York’s downstate area.
Poughkeepsie Journal
January 8, 2025
“Wage theft can happen to anyone. It’s any time a worker is not paid the money for the labor that they do,” said Margaret Poydock, a senior policy analyst at the Economic Policy Institute.
Capital & Main
January 8, 2025
“When there are teacher shortages in districts, it means that students aren’t getting the adequate attention in education they need to succeed and thrive in today’s education, and, frankly, in their workforce when they graduate,” said Hilary Wething, an economist who covers labor markets and the ongoing national teacher shortages at the Economic Policy Institute.
Richmond Confidential
January 8, 2025
…was just 15-to-1 in the US. According to the Washington-based Economic Policy Institute, it is now 221-to-1. Other estimates suggest it is…
Irish Times
January 8, 2025
“In a political system beset by many stupid and destructive institutions, the statutory limit on federal debt might be the worst,” wrote Josh Bivens, chief economist at the Economic Policy Institute, also in 2021.
CNN
January 8, 2025
The Economic Policy Institute, a left-leaning think tank affiliated with some of the country’s largest labor organizations, says the U.S. needs — and benefits from — foreign labor.
The Biden administration’s migrant surge helped keep inflation from running even hotter, EPI said, adding that the effect on U.S. workers’ wages is “neutral” at worst and “slightly positive” at best.
The Washington Times
January 8, 2025
But for many families, it’s not enough. In Pennsylvania, the Economic Policy Institute estimated that the annual cost for infant care for a family is nearly $12,000 — more than in-state college tuition in 41 states.
Chalkbeat Philadelphia
January 8, 2025
Immigrants make up 56% of workers in the meatpacking industry and 28% of workers in the poultry industry, according to data from the Economic Policy Institute.
Ethnic Media Services
January 8, 2025
Ohio’s minimum wage is set to increase by 25 cents to $10.70 per hour in January, a move aimed at countering the effects of inflation.
The adjustment will directly or indirectly affect approximately 313,300 Ohioans, according to estimates from the Economic Policy Institute.
WSYX-TV (Ohio)
January 8, 2025