Economists say other relief policies have proved more effective at boosting the economy. For instance, an extra $600 in weekly unemployment pay helped bolster households that had suffered job or income losses — until it expired in July. In May alone, the program boosted personal income by $842 billion, according to the Economic Policy Institute.
CBS News
October 15, 2020
They also are among 625,000 essential workers in Michigan and more than 55 million throughout the United States, 70 percent of whom do not have a college degree, according to the Economic Policy Institute.
Second Wave Southwest Michigan
October 15, 2020
This message resonated with voters because it is not totally unfounded. As a result of a growing trade gap with China between exports and imports, we have witnessed the relocation of millions of American jobs in the past two decades. In the first two years of Trump’s presidency, the number of reallocated jobs grew by over 700,000, according to the Economic Policy Institute.
The Daily Free Press
October 15, 2020
But getting on the rolls isn’t easy, experts say. “The transition from regular state benefits to P.E.U.C. is not going smoothly,” said Heidi Shierholz, senior economist and director of policy at the Economic Policy Institute, a left-leaning research group.
The New York Times
October 15, 2020
So shoppers and shareholders have benefited. But something even more profound has occurred with a third set of winners: workers. To say that high-stress, low-pay retail gigs have lived at the bottom of the economic food chain is an insult to plankton. In 2019, the median annual wage for a retail worker was $25,250, with little upward mobility and turnover rates running about 60 percent a year. All this dysfunction was subsidized by you, the taxpayer—the Economic Policy Institute estimates that more than 35% of retail workers receive public assistance. Little wonder that no brick-and-mortar retail company has ever before appeared on our Just 100 list, created in partnership with nonprofit Just Capital, which spotlights America’s best corporate citizens.
Forbes
October 15, 2020
The COVID-19 pandemic has affected millions of Americans; however, between February and April, Black workers saw a greater loss in employment than white workers, according to the Economic Policy Institute, which noted that in April less than half of the black adult population was employed, further devastating a community that traditionally experiences higher unemployment rates, lower wages and with less savings to fall back on.
Tech HR Series
October 15, 2020
The unemployment rate for workers ages 16-to-24 jumped from 8.4% in spring 2019 to 24.4% from spring 2020, compared to a 2.8% to 11.3% jump for workers over 25. These numbers were even higher for Black and Latinx workers, according to the report from the Economic Policy Institute.
University Business
October 15, 2020
Economists say other relief policies have proved more effective at boosting the economy. For instance, an extra $600 in weekly unemployment pay helped bolster households that had suffered job or income losses — until it expired in July. In May alone, the program boosted personal income by $842 billion, according to the Economic Policy Institute.
CBS News
October 15, 2020