If Proposition A is passed, the minimum wage would increase to $13.75 on Jan. 1, and to $15 by Jan. 1, 2026. Starting in 2027, the state would adjust the minimum wage annually based on the Consumer Price Index.
This change would impact about 900,000 workers, or about a third of all workers in Missouri, according to the Economic Policy Institute.
The Columbia Missourian
October 28, 2024
For that reason, Vice President Kamala Harris has called Trump’s tariff proposals “a sales tax on the American people” that she says would raise costs for households by $4,000 each year. Adam Hersh, a senior economist at EPI Action, the advocacy arm of the left-leaning Economic Policy Institute, puts that estimate lower but still in the four-figure range at $2,500 to 3,000 per year.
NBC News
October 28, 2024
“Employers are legally required to ensure that tipped workers’ tips cover the gap between the tip minimum wage and the regular minimum wage. But, in practice, this is highly difficult to enforce,” said Sebastian Martinez Hickey a state economic analyst at the Economic Policy Institute.
“Tipped workers are very low-paid workers. They earn about a third less than the median worker in the U.S. economy, and they experience poverty at much greater rates than the typical worker,” Martinez Hickey said. These workers, he added, are “predominantly women, disproportionately women of color.”
Marketplace
October 28, 2024
Former aides and allies of Warren’s, and former staff members at think tanks like the Economic Policy Institute, wound up on the Council of Economic … [paywall].
The New Yorker
October 28, 2024
Elise Gould, a senior economist at the Economic Policy Institute, explained how, in recent years, labor market tightness, particularly in industries such as health care and hospitality, has put upward pressure on wages.
“Coming out of the pandemic, employers had to work harder to attract and retain workers,” Gould said. “And so you saw wage growth, you saw some bonuses, you saw all sorts of different things happening to attract workers.”
Society for Human Resource Management
October 28, 2024
Many corporations increased profits. The Economic Policy Institute says that from 1973 to 2019, profits amounted to 11.5% of price growth, with labor making up 62%. From 2020 to 2021, it was 54% profits and 8% labor. Tyson Foods doubled profits in 2021 and 2022 as inflating prices cost people millions.
Reading Eagle
October 28, 2024
And a September report by the Economic Policy Institute found that a spike in profits explains well over 40% of the rise in prices between the end of 2019 and mid-2022.
Capital and Main
October 28, 2024
Half of low-wage workers are married or have children, and low-wage workers are more likely to be at or near poverty and consequently dependent on public assistance programs. The Labor Center researchers mined these statistics and other data from the U.S. Census Bureau, the Economic Policy Institute and the California Employment Development Department, creating an online data explorer that describes the low-wage workforce in California.
Sacramento Bee
October 28, 2024
Jennifer Sherer, director of the State Worker Power Initiative with the Economic Policy Institute, a nonprofit, left-leaning think tank, told the Michigan Advance the data confirms increasing support for collective bargaining among workers.
“The steady uptick in NLRB petitions for union elections in the Midwest reflects what we are seeing across the country: the labor movement is in the midst of a resurgence and workers are organizing at a pace not seen in recent decades. Worker organizing is taking place in all sectors of the economy from health care and manufacturing to nonprofits and higher education,” said Sherer.
Michigan Advance
October 28, 2024