In the 13 states that saw their minimum wage rise on Jan. 1, 2014, job growth has been higher so far this year than in states where the minimum wage stayed the same. Extreme pro-business interests often argue that raising the minimum wage will lead to job losses, but once again, the evidence suggests otherwise. The Center for Economic and Policy Research looked closely at the data and found states that raised their minimum wage increase have seen an average increase in employment of 0.99%, while the static states saw an increase of only 0.68%.
A new report from the Center for Economic and Policy Research, Expanding Family and Medical Leave to Small Firms, takes a look at one of the most common arguments against requiring small businesses to comply with the Family and Medical Leave Act (FMLA)—that doing so would provide an undue burden on those small businesses. Not surprisingly, the anti-working families’ argument is dismissed by the evidence.
A lot of new research about the economy has been released in recent weeks from the Economic Policy Institute (EPI), the Center for Economic and Policy Research (CEPR) and the Center on Budget and Policy Priorities (CBPP). Here are the most important recent reports.
A new report from the Center for Economic and Policy Research (CEPR) shows the country needs to increase union membership significantly, create universal health care, a universal retirement system (beyond Social Security), expand college attainment and achieve gender pay equity to create more "good" jobs in the United States.
The most striking feature of the U.S. economy over the last three decades has been the upward redistribution of income. The top 1.0 percent of households has managed to pocket the vast majority of gains over this period. That is a sharp contrast with the three decades immediately following World War II when the benefits of much more rapid growth were broadly shared.
In his State of the Union address, President Barack Obama joined a growing chorus of voices demanding that the national minimum wage be raised. Tuesday, Senator Tom Harkin (D-IA) and Representative George Miller (D-Calif.) announced they will introduce the Fair Minimum Wage Act of 2013.
According to the Center for Economic and Policy Research, more than 40 million Americans work in jobs where they have no access to paid sick days. In addition to the potential loss of wages and jobs for working families, the lack of paid sick days forces many people to go to work when they are contagious and get co-workers and customers sick and decreases productivity for workers who show up unable to perform to their normal level of ability. More and more cities and states are recognizing the realities of the damage having a workforce without paid sick leave does to workers and to the economy.
While media pundits raise faux concern every time the Social Security trustees release their annual report, falsely declaring the program is in dire trouble—even though the future modest funding shortfall can easily be fixed by scrapping the cap—it's important we take a look at a major factor in Social Security's finances: rich people.
Who says economic policy has to be wonkish and dry? Not John Schmitt, senior economist at the Center for Economic and Policy Research (CEPR). He gets right to the point in his new report, “The Minimum Wage Is Too Damn Low.”