“More than one million veterans –13.2% of all veterans – work for state and local governments and could be severely impacted by the Senate’s failure to provide timely federal aid,” reported John Schmitt and Naomi Walker of the Economic Policy Institute (EPI). “Because state and local governments are extremely restricted in how they can borrow, congressional authorization for state and local fiscal support is vital to prevent deep cuts in health care and education.”
Canton Daily Ledger
November 12, 2020
As of October, nearly 26 million Americans were either out of the workforce or not working as many hours as they would like, according to Heidi Shierholz, senior economist at the Economic Policy Institute and formerly the chief economist at the Department of Labor in the Obama administration. Although unemployment has fallen from 14.7% in April to 6.9%, roughly 15% of the country’s workforce remains either jobless or underemployed.
CBS News
November 12, 2020
Of course, not everyone left vulnerable by ending of the ACA would go without insurance. Some would use the money they’re currently spending on other necessities to buy health care. The Economic Policy Institute says that would result in major job losses as spending is directed away from local businesses and toward health insurance. A study from the group put the number of job losses in Kentucky after a potential ACA repeal at 55,949.
Spectrum News
November 12, 2020
United States unemployment for workers aged 16 to 24 tripled from 2019 to 2020, hitting 24.4 percent this spring, according to an October report by the Economic Policy Institute, a progressive-leaning think-tank based in Washington, DC.
Al Jazeera
November 12, 2020
Elise Gould, a senior economist at Economic Policy Institute in Washington. “That means, no matter what they did, there were no jobs for 5.4 million unemployed workers. And this misses the fact that many more weren’t counted among the unemployed.”
Reuters
November 12, 2020
“It seems like it’s everything,” said Heidi Shierholz, a former Labor Department economist under President Barack Obama who is the policy director at the liberal Economic Policy Institute in Washington. “If it’s 50-50 in the Senate after the Georgia races, then the Democrats will be able to push something substantial through that will be a really key thing for boosting the economy. If not, it just doesn’t seem possible.”
The New York Times
November 12, 2020
Bloomberg News: Bidenomics: What the president-elect could mean for business and the economy. “One of the things Democrats have learned is that unless there is real change, that working people really do feel a difference, we would be setting the stage for another Trump. A different Trump, but another Trump,” says Heidi Shierholz, senior economist and director of policy at the Economic Policy Institute in Washington. “It is really important that economic growth is more broadly shared, so it doesn’t just go to the top 1 percent.”
The Hill
November 12, 2020
Hip Latina
November 12, 2020
Rhinehart is a senior fellow at the Economic Policy Institute, where she landed after leaving the AFL-CIO in 2018 after more than two decades as an attorney for the labor federation. She started there as an associate attorney in 1996 and worked her way up to the general counsel position by 2009.
Law360
November 12, 2020
Economic Policy Institute (EPI) research suggests that realigning the dollar could create 3.5 million to 6.6 million new, good-paying U.S. jobs over the next four years. It’s why currency matters far more than tariffs, particularly when Trump’s Section 301 China tariffs merely shifted the global export picture. Yes, America’s goods deficit with China dropped $30 billion between 2017 and 2019. But total U.S. imports actually continued to grow.
The Hill
November 12, 2020