Economic Policy Inst

Economic Policy Inst


Research and Ideas for Shared Prosperity

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The Build Back Better agenda will meet long-standing social needs, boost long-term economic performance, and take serious steps toward addressing the climate crisis we can already see unfolding, says @JosephEStiglitz  . Read the letter:

15 Nobel Prize winners in economics write that the Build Back Better agenda makes "critical investments in human capital, the care economy, research and development, public education, and more, which will reduce families’ costs."

NEW REPORT: Unions are crucial to ensuring that the emerging cannabis industry provides safe & good-paying jobs. Unionized cannabis processing workers could make nearly $8,700 more annually, based on unionized workers' salaries in similar jobs.

Cannabis retail workers could make an extra $2,800 annually, and Black and Latinx workers could disproportionately benefit.

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Labor peace agreements (LPAs)—which prevent union busting by employers in exchange for workers’ pledge not to strike—would be a viable means of protecting workers’ organizing rights in cannabis.

The best way to ensure that cannabis workers can share in the rewards of a newly legalized industry is to protect their right to organize. If not, cannabis jobs could end up being the same low-quality jobs that are pervasive in analogous industries—retail and agriculture.

Federal legalization proposals of cannabis have rightly noted the need to prioritize revenues & opportunities for communities of color harmed most by the war on drugs. But if policymakers do not protect job quality in cannabis, workers—particularly workers of color—will suffer.

Some have invoked fears of inflation as a reason to not undertake these investments. This view is short-sighted, says @JosephEStiglitz  . With the investments being financed by tax increases, the inflationary impacts will be at most negligible.

Tomorrow at Noon ET: Join EPI and @BGAlliance  for an event discussing the shift to electric vehicles, and the federal policies and manufacturing investments that are needed to ensure good jobs that benefit workers and communities.

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Trickle-down economics has never worked.

If the minimum wage had increased at the same pace as productivity growth over the last 70 years, it would be over $22 an hour today. The U.S. can certainly afford a $15 minimum wage. Learn more about why we need to #RaiseTheWage :

NEW: Wages for the top 1% skyrocketed 160% since 1979 and wages for the top 0.1% grew more than twice as fast at 345%. Meanwhile, wages for the bottom 90% grew just 26%.

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Why do we need the Protecting the Right to Organize Act? Here's why:

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Our new report finds that a $15 minimum wage would increase tax revenue by between $7 billion to $13.9 billion and reduce expenditures on public assistance programs by between $13.4 billion to $31 billion.

NEW🚨: CEO pay soared nearly 19% in 2020 while corporations laid off millions of workers during the pandemic. CEOs made 351 times as much as the typical worker. Read our report:

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As we near the end of #TeacherAppreciationWeek , a reminder that we can show our appreciation for teachers by paying them a fair salary. Teachers make between 2.0% and 32.7% less than other comparable college-educated workers, depending on the state.

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