The federal minimum wage of $7.25 an hour isn’t enough money to keep a single parent working full-time out of poverty, and it’s worth less every year due to inflation.
The proposed rule would boost the overtime exemption from $23,660 a year to $50,440 a year.
Continuing a trend that started 35 years ago, an Economic Policy Institute report documents that the benefits of the rebounding economy are flowing primarily to the wealthiest Americans.
A new Economic Policy Institute report and “Fight for 15” protests have a common theme: Because employers pay their workers too little to live on, workers have to rely on government assistance to get by and taxpayers foot the bill.
The unemployment rate in September was the lowest it has been in six years, according to new data from the Bureau of Labor Statistics, but wages still aren’t going up and some vulnerable populations still have high unemployment rates.
The report from the Economic Policy Institute finds that the wage gap between tipped and non-tipped workers is the highest it’s ever been.