Why have the lowest-paid workers seen historic wage growth, and what should policymakers do to make these gains permanent? Learn more in our new The State of Working America podcast episode with @eliselgould: https://epi.org/podcast | Economic Policy Institute
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Why have the lowest-paid workers seen historic wage growth, and w…
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NEW: Wages rose fastest for the top 1% and 0.1% of earners in 2021, while the bottom 90% took a pay cut. Inequality has skyrocketed over the past 40 years. This growing inequality isn’t inevitable—it is a result of deliberate policy choices to reduce worker power. Read our new report: https://www.epi.org/publication/inequality-2021-ssa-data/ | Economic Policy Institute
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Lower unionization has reduced the median wage by 7.9% since 1979—which translates to a loss of $3,250 annually for a full-time worker. But this deunionization wasn’t inevitable—it was a deliberate policy choice made on behalf of wealthy interests and corporations, and it can be reversed. Read our new report to learn more: https://www.epi.org/publication/eroded-collective-bargaining/ | Economic Policy Institute
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"AI is unlikely to be a direct threat to the wages and employment of U.S. workers," EPI's Josh Bivens and Ben Zipperer say in a new report. Outcomes for workers will not improve unless policymakers get the story right on technology, inequality, and labor market dysfunction. Efforts to blame inequality and unemployment on “technology” conveniently divert attention from the real cause of rising inequality and weak wage growth: excess employer power. Surprised by their outlook? Read the full report
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156 viewsMar 28, 2024
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Forget quiet quitting—we need to talk about quiet fleecing. Workers are more productive than ever, but their pay hasn’t kept pace while top 1% wages have skyrocketed. When employers don’t share the gains of increased productivity, keeping the benefits for themselves, inequality soars and workers suffer. This is not what a fair economy looks like. | Economic Policy Institute
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John Oliver cited EPI's research on why “no tax on tips” will harm more workers than it helps! ⬇️ "While 'no tax on tips' is an easy applause line at rallies, it wouldn't be nearly as effective as it sounds. If you really want to give relief to tipped workers, the solution would be to eliminate the subminimum wage." Check out our research on why "no tax on tips" would harm workers: https://www.epi.org/blog/no-tax-on-tips-will-harm-more-workers-than-it-helps-proposals-in-congress-and-now-20-state
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