“Once you treat people like this, they remember that,” said Terri Gerstein, a fellow at Harvard Law School’s Labor and Worklife Program and Economic Policy Institute. “Of the people remaining, it is a certainty that none of them feel secure in their job, and I would be shocked if the remaining people were not updating their resumes right now or talking with each other about starting a union.”
CNN Business
November 10, 2022
Ben Zipperer, an economist at the Economic Policy Institute, said he wouldn’t be surprised if Nov. 8 is a win for low-wage workers.
“Minimum wage increases are tremendously popular, and I’m not aware of a ballot proposal being voted on that has failed in the last two decades,” Zipperer said.
CNBC
November 10, 2022
We all know that the current economic situation did not suddenly appear in the last year. A February 2022 blog by The Economic Policy Institute, stated that the COVID-19 pandemic is the primary factor driving excessive inflation through demand and supply-side distortions, i.e., global supply chains snarled due largely to port shutdowns caused by COVID-19 outbreaks.
Concord Monitor
November 10, 2022
The Economic Policy Institute found the value of the federal minimum wage — which is currently $7.25 an hour — has decreased by 30%, meaning the minimum wage is worth less now than it has been at any point since February 1956.
The Brown and White
November 10, 2022
“If you look last month compared to the three months prior, wage growth has been certainly moderating, and appears to be decelerating over the last few months,” said Elise Gould at the Economic Policy Institute.
But it doesn’t have to be, Gould said. “We want to have wage growth that at least exceeds inflation so that people have increase in their living standards, increases in their ability to make ends meet. And we also want workers to see the returns of their increased productivity. Over the long term, we see productivity growth around 1.5%.”
Marketplace
November 10, 2022
On the brighter side, the employment to population ratio for Black women didn’t change, though labor market participation ticked up during the month. That could be a sign that more Black women are returning to the labor force and are looking for jobs but haven’t yet found employment, noted Valerie Wilson, director of the program on race, ethnicity and the economy at the Economic Policy Institute.
CNBC
November 10, 2022
It would benefit about 150,000 workers, according to the National Employment Law Project and the Economic Policy Institute, which are both left-leaning groups. Some 75% of the workers are over the age of 20.
CNN
November 10, 2022
The number of jobs created, 261,000 in October, is historically strong and economists had expected a number closer to 200,000, according to the New York Times. But as Economic Policy Institute president Heidi Shierholz noted on Twitter, that is far off the average pace of 539,000 per month from the first quarter of 2022.
Globe St.
November 10, 2022
The Economic Policy Institute found the value of the federal minimum wage — which is currently $7.25 an hour — has decreased by 30%, meaning the minimum wage is worth less now than it has been at any point since February 1956.
November 7, 2022