From Economic Policy Institute <[email protected]>
Subject $10 minimum wage proposal is “a nightmare,” EPI economist says
Date February 24, 2021 9:39 PM
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** $10 Isn’t Enough ([link removed])
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** What’s happening
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Gradually raising the federal minimum wage to $15 by 2025 would lift pay for nearly 32 million workers—21% of the U.S. workforce. However, a proposal just put on the table by two Republican senators—Tom Cotton and Mitt Romney—would increase the wage to only $10 over four years.

$10 is “chump change,” writes ([link removed]) EPI Economist Ben Zipperer, adding that Cotton and Romney’s proposal won’t even increase the minimum wage paycheck to 1960s levels.

And EPI Senior Economist Heidi Shierholz calls the $10 proposal “a nightmare.” According to a 2019 CBO report, she explains, a minimum wage of $10 instead of $15 in 2025 would result in 600,000 fewer children and 700,000 fewer adults being pulled out of poverty.
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Why the U.S. needs a $15 minimum wage ([link removed])
Here ([link removed]) is a breakdown on why the nation needs a $15 federal minimum wage, including the racial and gender impact. Read the fact sheet » ([link removed])

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The Fight Over a $15 Federal Minimum Wage in Congress ([link removed])
EPI Senior Economic Analyst Dave Cooper weighed in on how a $15 minimum wage would help front-line workers during an interview with WNYC’s The Takeaway host Tanzina Vega. “Raising the minimum wage to $15 is going to affect a large portion of the workers that have really been hit hardest by this pandemic,” Cooper said. “I’m talking about folks who work at restaurants, retail shops, grocery store workers, child care workers, nursing facility workers. These are the jobs that we now call essential.” Listen to the interview here » ([link removed])
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** Why the U.S. needs a $15 minimum wage
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** What we’re talking about
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Economic Recovery for Whom? ([link removed])
“Going big on relief and recovery is a racial justice issue because of things like occupational segregation, discrimination—other huge disparities related to structural racism,” argued EPI’s Heidi Shierholz during a panel discussion hosted by The Graduate Center at CUNY. “Black and Hispanic workers are more likely to have experienced job loss during this recession and they have less wealth to fall back on.”

“The risks of doing too little are far greater than the risks of doing too much,” Shierholz stressed. Watch the video » ([link removed])

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The Biden relief and recovery proposal is just right ([link removed])
In a recent Twitter thread, EPI’s Josh Bivens shares findings from his blog post ([link removed]) in which he argues that the Biden administration’s $1.9 trillion relief and recovery proposal isn’t “too much.” Read the thread » ([link removed])
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Can federal aid help bring back laid-off state and local government workers? ([link removed])
EPI’s Julia Wolfe appeared on Marketplace Morning Report, discussing governments’ ability to rehire laid-off workers: “Many of them will be tempted to pursue austerity—the same mistake that they made last time around, in the Great Recession.” Listen to the segment » ([link removed])


** Upcoming webinar
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Achieving Economic and Racial Justice for Black Workers: Policy Priorities for 2021 and Beyond ([link removed])
Join EPI’s Program on Race, Ethnicity, and the Economy (PREE) today for a webinar discussing specific policies for recovering from the COVID-19 pandemic and overcoming long-standing racial disparities in the labor market. Register for the event » ([link removed])
Follow EPI on Instagram ([link removed])


** What we’re reading and listening to
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‘We deserve more’: an Amazon warehouse’s high-stakes union drive ([link removed])
Darryl Richardson was delighted when he landed a job as a “picker” at the Amazon warehouse in Bessemer, Alabama. “I thought, ‘Wow, I’m going to work for Amazon, work for the richest man around,” he said. “I thought it would be a nice facility that would treat you right.” Read more » ([link removed])

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WATCH: Biden, Rice lead roundtable with Black essential workers ([link removed])
U.S. President Joe Biden and domestic policy adviser Susan Rice held a virtual roundtable meeting Tuesday with four essential front-line workers, discussing the impact the coronavirus pandemic was having on their communities. Watch the video » ([link removed])
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$10 minimum wage proposal is “a nightmare,” EPI economist says
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