Ben Zipperer, an economist at the Economic Policy Institute, told Newsweek that raising the minimum wage is “well overdue.”
“Minimum wage workers today are paid substantially less than what their counterparts earned even 50 years ago, after adjusting for inflation,” Zipperer said. “I’m not too concerned about the scare stories regarding the minimum wage: shutting down businesses, hurting the people that the policy is trying to help, etc.”
Newsweek
February 4, 2021
Advocates for the $15 minimum wage are planning to cite reports from the left-leaning Economic Policy Institute and the University of California, Berkeley that found that raising the minimum wage to $15 by 2025 would reduce government spending on public assistance programs and increase tax revenue. The Congressional Budget Office is expected to also soon release a report at Sanders’ request that will make the case for $15 an hour.
Politico
February 4, 2021
According to an independent analysis conducted by the Economic Policy Institute, the Raise the Wage Act would increase wages for nearly 32 million Americans, including roughly a third of all Black workers and a quarter of all Latino workers. More than half of those who would benefit would be women.
Rep. Alma Adams
February 4, 2021
Executive compensation. Executive compensation is already a contentious issue in many jurisdictions where investors are voting for “say on pay” proxy resolutions and against egregious pay packages for underperforming CEOs. However, when it comes to economic inequality, the issue of executive compensation is less about a few outliers and more about a widening gap between executives and average workers. Quoting from the Economic Policy Institute: “From 1978 to 2018, CEO compensation grew by 1,008%; the compensation of a typical worker, meanwhile, rose just 12%. The ratio of CEO-to-worker compensation was 278-to-1 in 2018—far greater than the 20-to-1 ratio in 1965.” In addition to issues related to general socioeconomic inequality, very little of this increase in executive pay has accrued to BIPOC families, serving to widen the racial wealth gap. For example, per the COQUAL, Black people account for only 3.2% of senior leadership roles at large companies in the US and less than 1% of Fortune 500 CEO positions, versus about 12% of the total population.
Chief Investment Officer
February 4, 2021
The jump would give nearly 32 million American workers a raise, according to the Economic Policy Institute, a left-leaning research group. A 2019 report from the Congressional Budget Office showed about 27 million Americans could see increased wages, and 1.3 million would be lifted out of poverty.
CNBC
February 4, 2021
“Esto es debido en gran parte a mucha discriminación histórica”, dijo David Cooper, analista económico de EPI a CNBC. “También se debe a lo que los economistas se refieren como segregación ocupacional”.
Noticias Ya
February 4, 2021
The jump would give nearly 32 million American workers a raise, according to the Economic Policy Institute, a left-leaning research group. A 2019 report from the Congressional Budget Office showed about 27 million Americans could see increased wages, and 1.3 million would be lifted out of poverty.
CNBC
February 4, 2021
“Esto es debido en gran parte a mucha discriminación histórica”, dijo David Cooper, analista económico de EPI a CNBC. “También se debe a lo que los economistas se refieren como segregación ocupacional”.
Noticias Ya
February 4, 2021