A proposed $21.25 hourly minimum wage would benefit 41.8% of the state’s Black workforce directly or indirectly, according to nonprofit think tank Economic Policy Institute (EPI). That’s roughly 508,600 Black New Yorkers estimated to receive an earnings boost if the Raise the Wage Act is passed.
New York Amsterdam News
March 3, 2023
Takano’s bill has been endorsed by major labor unions like AFL-CIO, United Food and Commercial Workers and Service Employees International Union, as well as the Congressional Progressive Caucus, which is made up of over 100 members of Congress. Takano first introduced a version of the bill in 2021, with the support of groups like the Economic Policy Institute.
Truthout
March 3, 2023
The CBPP and other policy groups are warning that — unless the Fed stops raising interest rates—the already shaky economy is likely to plunge into recession, putting millions of people out of work. Further rate hikes “pose a dire threat to what could be an excellent 2023 for the economic prospects of America’s working families,” Josh Bivens, of the left-leaning Economic Policy Institute, said in a blog post.
CBS News
March 3, 2023
Nearly 92% of domestic workers in the United States are women, and more than half are Black, Hispanic, or Asian American, the Economic Policy Institute estimated in 2020.
Christian Science Monitor
March 3, 2023
The bad news is that the share of the workers represented by a union fell from 11.6% to 11.3%, according to Bureau of Labor Statistics data mined earlier this year by the Economic Policy Institute.
The Buffalo News
March 3, 2023
Republican politicians are focused on protecting their wealthy donors, who are paying less into Social Security than ever. The Economic Policy Institute (EPI) recently found that as inequality increases, a record share of all earnings are above the $160,200 cap on Social Security contributions.
Inequality.org
March 3, 2023
The national average for retirement savings varies depending on age, but according to the Economic Policy Institute, the median retirement savings for all working age households in the US is around $95,776. This figure includes both employer-sponsored retirement accounts and individual retirement accounts (IRAs). It is important to note that this number does not include social security benefits, which are not considered retirement savings.
Forbes
March 3, 2023
Access to abortion, as well as the cultural milieu associated with that position, is certainly one of many factors people consider when determining where to live, work or start a business. It is also noteworthy that states with abortion bans tend have a cluster of other negative attributes. For example, such states generally have not expanded Medicaid; have higher murder and poverty rates and lower minimum wages; dominate the lists of worst schools in the country; and claim a disproportionate number of counties with the lowest life expectancy. As a report by Asha Banerjee of the Economic Policy Institute confirms, “the states enacting abortion bans are the same ones that are economically disempowering workers through other channels.”
The Washington Post
March 3, 2023
The COVID pandemic weakened the global economy. … But most shamefully, while the Economic Policy Institute reports America’s annualized…(paywall).
The Virginian-Pilot
March 3, 2023