An estimate from the Economic Policy Institute says that the new rule could result in an additional $1.5 billion in pay for employees.
“Employers will be more than able to adjust to the rule without negatively impacting the overall economy,” EPI director of government affairs and advocacy Samantha Sanders and President Heidi Shierholz shared in a statement.
Thanks to the new rule, Sanders and Shierholz wrote that salaried employees who were previously above the cutoff can no longer “be forced to work 60-70 hours a week for no more pay than if they worked 40 hours. The extra 20-30 hours are completely free to the employer, allowing employers to exploit workers with no consequences.”
News Radio 1080
April 24, 2024
The new rule could result in an additional $1.5 billion in pay for employees, according to an estimate from the Economic Policy Institute, a left-leaning think tank.
CBS News
April 24, 2024
I believe that I should pay higher taxes, and so should everyone as rich as I am, or richer. If they did, I would happily pay my share. Until the tax laws require this, I would rather take the deduction and contribute to the Economic Policy Institute or United for a Fair Economy, two nonprofits that are working for a fair tax system.
New York Times
April 19, 2024
Along with cutting payroll taxes, which are paid by workers and employees and amount to 7.65% of each employee’s gross pay in order to fund senior citizens’ post-retirement income, Trump has proposed extending the 2017 Tax Cuts and Jobs Act, the vast majority of which benefited the wealthiest Americans, according to the Economic Policy Institute and the Center for Popular Democracy.
Common Dreams
April 19, 2024
Such practices amount to wage theft. According to the non-profit Economic Policy Institute, “between 2017 and 2020, more than $3 billion in stolen wages was recovered on behalf of workers by the US Department of Labor, state departments of labor and attorneys general, and through class and collective action litigation.”
The Register
April 19, 2024
Heidi Shierholz is president of the Economic Policy Institute in Washington, D.C. She is also a former chief economist at the U.S. Labor Department. She said economic observers considered it “something of a mystery” that the U.S. had strong job growth but also saw inflation drop while interest rates rose. Most believed the U.S. would see more unemployment.
“The immigration numbers being higher than what we had thought — that really does pretty much solve that puzzle,’’ Shierholz said.
Voice of America
April 19, 2024
We are in a time of unprecedented public support for worker organizing. More than two-thirds of Americans see labor unions as a good thing for the economy, and almost 200,000 workers joined unions in 2023.
Nonprofit Quarterly
April 19, 2024
The Economic Policy Institute said Wednesday that the governors’ anti-union statement “clearly shows how scared they are that workers organizing with UAW to improve jobs and wages will upend the highly unequal, failed anti-worker economic development model of Southern states.”
Common Dreams
April 19, 2024
Women with full-time wages and salaries earned 83.6 percent less than men in 2023, according to the U.S. Bureau of Labor Statistics. The 21.8% gap is lower than in 2022 (22.9) yet, notes the Economic Policy Institute, it’s essentially the same as it was three decades ago (23.2% in 1994).
AL.com
April 19, 2024
Union membership is associated with higher earnings, better benefits, stable hours, protection from arbitrary discipline, and more—but most Americans haven’t had the chance to experience these advantages firsthand. In 2023, according to an estimate by the Economic Policy Institute, a progressive think tank, 60 million working people in this country wanted a union but couldn’t get one.
The Atlantic
April 19, 2024