Features Elise Gould at 3:25.
“Bloomberg: Balance of Power” focuses on the intersection of politics and global business. Guests: U.S. Commerce Secretary Gina Raimondo. Center for American Restoration President Russ Vought, former Pennsylvania Governor Ed Rendell (Source: Bloomberg)
Bloomberg
April 2, 2021
Data from the Economic Policy Institute (EPI) shows that people of color make up the majority of essential workers in food and agriculture and in industrial, commercial, residential facilities, and services. At the same time, Black workers have also been disproportionately impacted by pandemic-related job losses.
“When you think about lower-paid workers, we’re not just talking about income disparities and power,” Elise Gould, a senior economist at EPI, previously told Yahoo Finance. “You’re also talking about race.”
Yahoo Finance
April 2, 2021
As of last August, an estimated 12.7 million Americans had lost their health insurance during the pandemic, according to the last report from the Economic Policy Institute, a liberal-leaning think tank. Half that number was the spouses and children who were getting health insurance through their partners’ and parents’ employers.
The Huffington Post
April 2, 2021
All that held particularly true in 2011 since the economy, slowly emerging from the Great Recession, was far from full employment. As Josh Bivens, an economist at the Economic Policy Institute, testified at the time in favor of EPA’s air toxins rules: “There is no better time than now, from a job-creation perspective, to move forward with these rules.”
Bloomberg
April 2, 2021
Even before the pandemic, the job market for young people wasn’t stellar. According to data analysis by the Economic Policy Institute, the unemployment rate in spring 2019 for people ages 16-24 was triple the rate of people over the age of 25.
The pandemic only made things worse. Roughly one-fourth of young people were unemployed during the height of the pandemic recession in late spring 2020, compared to around one-tenth of older workers.
Young Black, Hispanic, Asian American and Pacific Islander workers had higher unemployment rates than their white peers.
Cincinnati Enquirer
April 2, 2021
As of last August, an estimated 12.7 million Americans had lost their health insurance during the pandemic, according to the last report from the Economic Policy Institute, a liberal-leaning think tank. Half that number was the spouses and children who were getting health insurance through their partners’ and parents’ employers.
…
The Congressional Budget Office estimated that a previous version of this benefit proposed by House Democrats earlier this year, which would have covered only 85% of premiums through COBRA, would reach an additional 2.2 million Americans, 600,000 of whom would have been uninsured without the provision. Because this proposal covers 100% of the premiums, its reach is expected to be more than that, Josh Bivens, an economist at the Economic Policy Institute, said in an email.
Huffpost
April 2, 2021
The average cost of infant care in Ohio is $9,697 per year — or about $800 per month — according to the Economic Policy Institute, an independent think tank. Rockport, which was owned by a church, cared for children as young as 6 weeks old all the way up to 6-year-old first graders. It took in only privately funded children. Full-time fees per month ran about $1,068 for a 6-week-old, which made it “not the most expensive center in the area, but not the cheapest, either,” Ms. Norris added, meaning the center wasn’t in a financially vulnerable position at the start of last year.
The New York Times
April 2, 2021
For decades, workforce leaders, labor unions and politicians have bemoaned the loss of American factories and manufacturing jobs to lower-cost overseas markets such as China, Malaysia, Mexico and Brazil. “Buy USA” became and has remained a rally cry for those determined to revive American manufacturing and bring back the 5 million-plus jobs and 91,000 plants that have migrated offshore since 1997, according to the Economic Policy Institute.
Forbes
April 2, 2021
Companies have the cash to grow, but with wealth and income skewed to the top, “there’s not enough customers to buy the new output,” said Josh Bivens, director of research at the left-leaning Economic Policy Institute.
Bloomberg
April 2, 2021
According to one analysis of work schedules between 2017 and 2018 by the left-leaning think tank Economic Policy Institute, only around 20% of Black workers are able to work remotely, as compared to 30% of white employees and 37% of Asian employees.
Yahoo Finance
April 2, 2021