EPI in the news

• Froma Harrop

  But an analysis by the Economic Policy Institute puts into doubt that there is a shortage of American tech workers. The 30 companies hiring the most H-1B workers took on 34,000 new H-1B employees in 2022 but laid off at least 85,000 workers that year and early in 2023.

  Richmond Times-Dispatch | January 16, 2025
• Here’s the income you need to be in the top 1%, 5%, and 10% in the US — and 3 essential tips to help you climb higher on the wealth ladder in 2025

  Landing in the top 10% can be a fairly attainable goal for upwardly mobile Americans. A study published by the Economic Policy Institute (EPI) in 2022 found that the average earnings of those in the top 10% were roughly $169,639 in 2021.

  MoneyWise | January 16, 2025
• As deportation threat looms, WA groups underscore importance of immigrants

  As threats of deportation of illegal immigrants increase with the incoming Trump administration, groups in Washington say immigrants are an integral part of the state.

  Research from the Washington State Budget and Policy Center and Economic Policy Institute finds nearly one-fifth of workers in the state are immigrants and they generate 145 billion dollars in economic output.

  Public News Service | January 16, 2025
• Trump’s latest labor pick is good news for the gig economy

  Misclassifying workers can cost workers as much as $18,000 each year in income and job benefits, according to the left-leaning Economic Policy Institute.

  Quartz | January 16, 2025
• Donald Trump and Elon Musk are pushing the H-1B visa. Does it take American jobs?

  An income of $118,000 doesn’t sound like cheap labor. But a 2020 report from the left-leaning Economic Policy Institute found that employers generally undercut local wages when they hire H-1B workers, paying them below market rates.  

  …

  A more recent report from the economic think tank found that the top 30 H-1B employers hired more than 34,000 new visa workers in 2022, while simultaneously laying off at least 85,000 workers in 2022 and early 2023.   

  USA Today | January 16, 2025
• Minimum wage hikes in 2025

  At the heart of these changes are 21 states that will increase their minimum wage effective January 1, 2025. These adjustments will affect a diverse range of workers, from those in fast-food chains to retail staff, and are projected to impact approximately 9.2 million people. Together, these employees are expected to earn an additional $5.7 billion in wages over the course of the year, according to the Economic Policy Institute (EPI).

  CEO Today | January 16, 2025
• Better Capitalism Will Reduce The Need For Unions

  Last year the Economic Policy Institute found that more than 60 million non-union workers wished they had union representation, and the NLRB received more requests for union elections than they have in years.

  Forbes | January 16, 2025

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