When it comes to outcomes for Black-owned businesses during the COVID-19 recession, the statistics are also grim: analysis by the Economic Policy Institute found that 28 percent of Black-owned businesses were in industries with the largest total job losses relative to just 20 percent of white-owned businesses. Although Black-owned businesses only represent a minority of all businesses, they are disproportionately likely to operate in sectors most severely affected by the COVID-19 pandemic and associated shutdowns.
Brookings Institution
December 8, 2020
In a recent tweet, Tlaib said: “The next aid bill, COVID-19, must provide for direct payments to the people,” Tlaib said in a recent tweet.
Their latest comments came along with a report that revealed a discrepancy in wage growth between the top 1 percent and the bottom 90 percent of earners.
Tlaib shared a message from Democratic Congressman-designate Jamaal Bowman, who will represent New York’s 16th District, with figures from the Economic Policy Institute on this point and said “Stop looting us.
The Congresswoman wrote, “Somebody better get the checks for the stimulus packages ready to be mailed. People need them now.”
Washington Newsday
December 8, 2020
In a recent article co-authored by the campaign and Josh Bivens from the Economic Policy Institute, they write: “If America does not address what’s happening with visionary social and economic policy, the health and well-being of the nation is at stake….What we need is long-term economic policy that establishes justice, promotes the general welfare, rejects decades of austerity and builds strong social programs that lift society from below.”
Poor People's Campaign
December 8, 2020
Without budget aid, state and cities will continue laying workers off, cutting contracts to vendors (including many small businesses), and cutting essential services. Economist Elise Gould of the Economic Policy Institute notes that in November, “public-sector employment continued to decline for the third month in a row.” That’s not only bad for those workers and for public services. It’s bad for the economy, and all of us hoping for an economic recovery.
Forbes
December 8, 2020
A 2018 study by Alexander J.S. Colvin for the Economic Policy Institute estimates that 60 million American workers have signed arbitration contracts with their employers — and that such contracts are more common for low-wage workers.
LA Times
December 8, 2020
The United States has been an outlier on child care long before the coronavirus, Collins said, with price tags far exceeding those in other high-income countries. The average cost of child care for a child under 4 is $9,589 per year, according to New America’s Care Report — more than the average cost of in-state college tuition. It’s much more expensive in big cities: In Washington, D.C., the average cost of care for an infant is more than $24,000.
The Lily
December 8, 2020
Contracts that require workers to bring job-related claims in private arbitration rather than court are particularly widespread in California, where about two-thirds of private employers use them, compared with 54% nationwide, according to a 2018 study from the left-leaning Economic Policy Institute.
That higher rate in California is a consequence of companies reacting to the state’s worker protective employment laws, the study said. Arbitration agreements are often paired with clauses that waive a worker’s right to join class or collective actions.
Bloomberg Law
December 8, 2020
Also, the assertion that trade deficits are not debt and are good for the economy is flawed. According to the Economic Policy Institute (EPI), trade deficits have eliminated nearly 5 million good-paying manufacturing jobs over the past two decades and 90,000 factories.
Industry Week
December 8, 2020
When it comes to outcomes for Black-owned businesses during the COVID-19 recession, the statistics are also grim: analysis by the Economic Policy Institute found that 28 percent of Black-owned businesses were in industries with the largest total job losses relative to just 20 percent of white-owned businesses. Although Black-owned businesses only represent a minority of all businesses, they are disproportionately likely to operate in sectors most severely affected by the COVID-19 pandemic and associated shutdowns.
Brookings Institution
December 8, 2020