“The current provisions being talked about in the package would probably only provide about a fifth as much boost to job growth as needed, for Georgia call it 30,000 jobs created or saved,” said economist Josh Bivens of the Economic Policy Institute. “They’re leaving a lot on the table.”
Atlanta Journal Constitution
December 21, 2020
Según el Economic Policy Institute, esta subida, cuando llegue, será una buena noticia para cada vez menos trabajadores. Solo el 5% de los empleados del país cobraban en 2019 menos de $9 la hora.
El Diario
December 21, 2020
The economy is expected to rebound strongly next year once vaccines make it safer to be out and about, he said, so there’s less of a need for the $2 trillion or more that some economists, like those at the Economic Policy Institute here, have called for.
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Economists overall are less enthusiastic about the $284 billion in paycheck protection loans, the biggest chunk of the package’s $325 billion in aid to small businesses. Research on the $525 billion distributed under the program first created in March shows it “is pretty inefficient both as relief and as recovery,” said Josh Bivens, director of research at the Economic Policy Institute.
Reuters
December 21, 2020
“Lo que más podría ayudar a los hispanos sería lo que ayudaría a cualquier otro trabajador”, expresó Daniel Costa, experto en asuntos laborales del Economic Policy Institute, refiriéndose a la aprobación de una ley que suministre ayuda económica y otorgue permiso de trabajo a inmigrantes que se desempeñan en tareas esenciales.
Associated Press
December 21, 2020
Lawmakers lacked foresight when they set winter deadlines for many programs, when COVID-19 caseloads were predicted to rise, said Elise Gould, senior economist at the Economic Policy Institute, a progressive think tank.
“The trigger on and the trigger off should have nothing to do with a particular calendar date, it should have to do with the health and economic conditions of the country,” she said.
The Balance
December 21, 2020
One study by the Economic Policy Institute found that if state and local spending after the Great Recession had grown at a pace similar to previous recovery periods, unemployment rates would have reached their pre-recession levels by early 2013 instead of 2017.
Dollars and Sense
December 21, 2020
“As we got beyond March and April, we started to see more typical patterns such as Black unemployment not improving as quickly,” said Valerie Wilson, director of the Program on Race, Ethnicity and the Economy at the Economic Policy Institute. “What we’re seeing as more time passes is that it’s also more of a reflection of different kinds of jobs that people hold. A lot of the big impacts have been in the service sector, which disproportionally employ women and people of color.”
The Advocate
December 21, 2020
Manufacturing holds a key role in American history but for the past couple of decades, a massive number of manufacturing jobs have gone off-shore. Since 1997, more than 91,000 manufacturing plants have closed and almost 5 million manufacturing jobs have been lost, according to a report by the Economic Policy Institute.
Rome News-Tribune
December 21, 2020
“Credit scoring, the way in which it’s done, has a disparate impact on African American and Hispanic families,” says Richard Rothstein, distinguished fellow of the Economic Policy Institute.
Axios
December 21, 2020
“The slowdown is hugely problematic for those people who are not able to get work, but also just for the recovery itself,” Elise Gould, senior economist at the Economic Policy Institute, told Insider.
Gould said that there needs to be more money not only to help Americans be able to pay for food and bills, but to stimulate the economy.
“When [people] don’t spend money in the economy, there’s much slower job growth because they’re not buying goods or services, and therefore more people don’t have to be hired to produce those goods or provide those services,” Gould said.
Business Insider
December 21, 2020