Only 1 percent of Michigan’s 4.4 million workers, about 52,000 total, were making minimum wage when the rate increased this month, according to an analysis by the Economic Policy Institute, a progressive think tank in Washington D.C. that conducts research.
Lansing City Pulse
January 27, 2023
Based on data from the Social Security Administration, the percentage of earned income subject to Social Security’s payroll tax has declined from 90% in 1983 to just 81.4% as of 2021. As noted by a recently published blog from the Economic Policy Institute, that’s the lowest level of earnings being subjected to the payroll tax in 49 years. More importantly, it’s confirmation that wage growth for high-earning workers is outpacing the near-annual increase in the maximum taxable earnings cap for Social Security’s payroll tax.
Motley Fool
January 27, 2023
Based on data from the Social Security Administration, the percentage of earned income subject to Social Security’s payroll tax has declined from 90% in 1983 to just 81.4% as of 2021. As noted by a recently published blog from the Economic Policy Institute, that’s the lowest level of earnings being subjected to the payroll tax in 49 years. More importantly, it’s confirmation that wage growth for high-earning workers is outpacing the near-annual increase in the maximum taxable earnings cap for Social Security’s payroll tax.
Motley Fool
January 27, 2023
As Josh Bivens of the Economic Policy Institute points out, increased public investments in child care and the elderly could reduce inflationary pressures. We will never be as cheap to produce as television sets, cars, or even robots. We will remain more valuable, even if we can’t be bought and sold.
The American Prospect
January 20, 2023
Bridge Michigan
January 20, 2023
To talk about the Glacier case and what a SCOTUS ruling could mean for working people’s right to strike in the US, I spoke with Terri Gerstein, a senior fellow at the Economic Policy Institute and the director of the State and Local Enforcement Project at the Harvard Law School’s Labor and Worklife Program.
The Real News Network
January 20, 2023
To find the best cities for renting families to live for under $6,000 per month, GOBankingRates used data from ApartmentList, the Economic Policy Institute’s Family Budget Calculator and Sperling’s Best. Collectively, this data allowed us to find the average 2-bedroom rent in 2022, determine the cost of children within select metro areas and find cities with an overall cost of living index below 90.
GO Banking Rates
January 20, 2023
Women living in states that restrict or ban abortion face greater economic insecurity than those living in states where they have access, new research finds. Since the nearly seven months since the Supreme Court overturned Roe v. Wade, half of all states – 26 in total – have implemented new abortion restrictions or all-out bans. In nearly all 26 states, there are lower minimum wages, unionization levels, access to Medicaid and unemployment benefits, as well as higher rates of incarceration than states with more lenient abortion policies, according to new research by the Economic Policy Institute.
Kaiser Health News
January 20, 2023