According to Robert Scott of the Economic Policy Institute, if we could revalue our currency, “the U.S. trade deficit could be reduced by $200 to $500 billion, raising demand for U.S. exports (which are dominated by manufactured goods). Stopping currency manipulation and revaluing the dollar could create 2 to 5 million jobs”.
Industry Week
January 15, 2021
“As always, there are some who seem more concerned about the rise in federal budget deficits and public debt than by the rise in joblessness and losses of income generated by the shock,” Josh Bivens, director of research, at the Economic Policy Institute, wrote in a blog post. “But prioritizing the restraint of debt in coming years over the restoration of pre-crisis unemployment rates is bad economics,” Bivens added.
Newsweek
January 15, 2021
New York Times
January 15, 2021
Additionally, the pandemic has also significantly impacted education. According to the Economic Policy Institute, the economic shocks following this economic recession and multiple natural disasters, such as Hurricane Zeta, have led to extreme cuts in education budgets. This shows detrimental effects on education outcomes and test scores. To uplift children and reduce educational inequities, a three-step course was created to help by reliving, recovering, and rebuilding our community.
Medium
January 15, 2021
A May 2020 report from the Economic Policy Institute (EPI) found that 60 percent of H-1B positions certified by the DOL in fiscal year 2019 were assigned the two lowest prevailing wage levels, which were “significantly lower” than the local median salaries surveyed for occupations.
“Employers can reap significant savings by selecting the two lowest wage levels instead of the Level 3 median wage or Level 4 above-median wage,” said Daniel Costa, director of immigration law and policy research at EPI.
SHRM
January 15, 2021
This increase was described as “troubling” by the Economic Policy Institute, a progressive think tank. On Thursday evening, President-elect Bidens said he will call for $1,400 stimulus checks and more vaccine funds in $1.9-trillion COVID-19 relief plan.
“The latest congressional relief bill is an important step toward addressing some of this pain, but it is not at the scale of the problem. I’m hopeful that more relief measures are on the horizon for increasingly desperate workers and their families. Senate Republicans forced the December bill to be far too small,” said Elise Gould, senior economist at the EPI.
MarketWatch
January 15, 2021
“It’s not going to be just a quick, automatic bounceback, especially for workers,” said Valerie Wilson, director of the Economic Policy Institute’s Program on Race, Ethnicity, and the Economy. “Even in the modest job recovery that we’ve seen, it’s been uneven across racial and ethnic groups. And more women have exited the labor market relative to men.”
Washington Post
January 15, 2021
According to Robert Scott of the Economic Policy Institute, if we could revalue our currency, “the U.S. trade deficit could be reduced by $200 to $500 billion, raising demand for U.S. exports (which are dominated by manufactured goods). Stopping currency manipulation and revaluing the dollar could create 2 to 5 million jobs”.
Industry Week
January 15, 2021
“As always, there are some who seem more concerned about the rise in federal budget deficits and public debt than by the rise in joblessness and losses of income generated by the shock,” Josh Bivens, director of research, at the Economic Policy Institute, wrote in a blog post. “But prioritizing the restraint of debt in coming years over the restoration of pre-crisis unemployment rates is bad economics,” Bivens added.
Newsweek
January 15, 2021
New York Times
January 15, 2021