Minimum wage advocates are pushing for the wage increase as the cost of living in Minnesota exceeds the state minimum wage of $10.85, according to the Economic Policy Institute.
Minnesota Daily
April 5, 2024
In fact, the St. Louis Fed shows that business productivity is actually up 400% since then and the Economic Policy Institute found that as of 2021, CEOs were paid about 400 times more than the typical worker.
Yahoo Finance
April 5, 2024
“While there’s strong evidence that raising the minimum wage helps lift workers and their families out of poverty, helps to close racial and gender pay gaps, and improves wages for workers beyond just those working at the minimum wage, none of that changes the very real structural issues at the heart of California’s housing crisis,” Kyle Moore, an economist with the Economic Policy Institute, told MarketWatch.
MarketWatch
April 5, 2024
At the left-leaning Economic Policy Institute, Josh Bivens took a look at economic performance back to 1949. What did he find?
“There is a pronounced Democratic advantage in nearly every measure of macroeconomic performance. Positive indicators like growth in gross domestic product, income, jobs, and wages are faster, while negative indicators like unemployment, inflation, and interest rates are lower.”
Daily Kos
April 5, 2024
More than 45,000 people are eligible for unemployment insurance but don’t apply for it, largely because they don’t know they’re eligible, the report says. Low-wage workers are less likely to know they qualify for benefits than higher-wage workers, according to the Economic Policy Institute.
New Jersey Monitor
April 5, 2024
A 2019 study (PDF) by the Economic Policy Institute showed that the median white family had $184,000 in family wealth (property and cash), while the median Latino family had $38,000 and the median Black family had $23,000.
KQED
April 5, 2024
A 2019 study by the Economic Policy Institute showed that the median white family had $184,000 in family wealth (property and cash), while the median Latino family had $38,000 and the median Black family had $23,000.
EdSource
April 5, 2024
Monique Morrissey, a senior economist at the Economic Policy Institute told Spectrum News that people often look for guidance on topics such as whether it would be financially beneficial for them to delay taking their Social Security benefits or for assistance on things such as paperwork, particularly those seeking disability benefits.
“Administrative cuts have been particularly harmful to disability applicants,” Morrissey said, adding that such applicants are “among the most vulnerable” because their claims are more complex and they need more assistance.
Spectrum News
April 5, 2024
In 2017, the Economic Policy Institute found that workers in the 10most populous states were robbed of more than $8 billion annually thanks to minimum wage violations, and the issue’s only getting worse.
Time Magazine
April 5, 2024
The impressive-sounding averages are also distorted by the massive wealth at the top. According to an Economic Policy Institute analysis of the Fed’s Survey of Consumer Finances, back in 2016 the average late-career couple had saved about $243,000 for retirement. Not too shabby. But the median number tells a different story: just $21,000.
Bloomberg
April 5, 2024