The increases will directly affect 3 million workers earning minimum wage and indirectly nudge up pay for 6.2 million higher-paid employees because of ripple effects on company pay structures, according to the left-leaning Economic Policy Institute.
Louisville Courier Journal
December 10, 2024
While employers demand more from entry-level applicants, the wages offered for these positions have not kept pace with inflation. A study by the Economic Policy Institute found that, adjusting for inflation, the median hourly wage for recent college graduates declined by 7.9% between 2000 and 2019.
WFLA-TV (Florida)
December 9, 2024
Numbers provided by the Social Security Administration and backed by the Economic Policy Institute, as well as the Center on Budget and Policy Priorities, all confirm that the effective rate of return on Social Security’s pool of funds is in the low single digits, barely outpacing any given year’s rate of inflation.
The Motley Fool
December 9, 2024
Later in 2025, a handful of states and a couple dozen localities will also boost their minimum wages. The upshot: A total 23 states and 65 cities and counties – a record 88 jurisdictions – will lift their pay floors sometime next year. The increases will directly affect 3 million workers earning minimum wage and indirectly nudge up pay for 6.2 million higher-paid employees because of ripple effects on company pay structures, according to the left-leaning Economic Policy Institute.
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Alaska, Florida, Hawaii, Missouri and Nebraska will hit the $15 benchmark by 2026 or 2027. That makes 16 states with nearly half the U.S. workforce in states with pay floors of $15 or higher within the next three years, according to NELP and EPI.
USA Today
December 9, 2024
Ultimately, the unemployment rate measures how many people are actively looking for work, and Black people have always been resilient in their job searches. Valerie Wilson of The Economic Policy Institute suggested that Black people have always been actively searching for work, but are having a harder time finding positions.
NewsOne
December 9, 2024
The Economic Policy Institute, for example, argued in 2022 that the education funding “needs an overhaul,” insisting “federal government plays a small and insufficient role” in public school funding and that the current system is “inadequate and inequitable.” Without federal oversight, critics of Trump’s plan fear that disparities between higher-income and underserved school districts could widen.
Fox News
December 9, 2024
The U.S. economy has added an average of 173,000 jobs monthly over the past three months, Economic Policy Institute senior economist Elise Gould noted in an analysis of the new Labor Department figures.
Common Dreams
December 9, 2024
“One of the first anti-union moves we’d expect would be that he will fire pro-labor appointees at federal agencies, beginning with Jennifer Abruzzo,” the Economic Policy Institute’s Director of Government Affairs and Advocacy Samantha Sanders told Truthout. “As general counsel at the NLRB, Abruzzo is arguably one of the most effective forces for workers in the Biden administration, and has taken a lot of proactive steps to defend workers’ rights to form unions and to hold employers accountable for illegal union-busting activities.”
Truthout
December 9, 2024
The average top American CEO took home $22.2 million in 2023, according to data from the Economic Policy Institute. Meanwhile the average American earns roughly $59,228 per year, according to the Bureau of Labor Statistics.
Salon
December 9, 2024
“We know the labor market doesn’t exist in a vacuum,” said EPI’s Gould. “Policymakers have a role to play in keeping the economy strong. I think what we’ve seen is measured rate cuts, and I think we will continue to see that.”
She added: “It’s yet to be seen what policymakers coming in are going to do that could impact the labor market; but it is a quite strong labor market that the transition is walking into.”
CNN Business
December 9, 2024