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
November 5, 2020
David Cooper, senior economic analyst at the Economic Policy Institute, said states are passing these measures because lawmakers in D.C. haven’t. The House passed a similar bill last year, but it didn’t go anywhere in the Senate.
“In the absence of federal legislation, it’s good that states are taking this up,” he said. “But I think, unfortunately, there are going to be many states that are probably not going to take up this issue unless they’re required to either by voters or by the federal government.”
Marketplace
November 5, 2020
1 J. Bivens and B. Zipperer, “Health Insurance and the COVID-19 Shock,” Economic Policy Institute, August 26, 2020, available at https://files.epi.org/pdf/206003.pdf.
JD Supra
November 5, 2020
As the Economic Policy Institute’s Valerie Wilson has explained, wages for all ethnic groups have risen since the beginning of the Great Recession; Black wages rose the least, by 6.3 percent. Those increases began before Trump was president and were driven largely by rising minimum wages at the state and local levels, as well as a more competitive labor market.
VOX
November 5, 2020
Terri Gerstein of the Harvard Labor and Worklife Program and Economic Policy Institute said in an email to CNN Business that the result will “leave thousands of California workers in a precarious and perilous position, without basic rights like workers’ compensation, unemployment insurance, or the right to a safe workplace.”
CNN
November 5, 2020
If rules are included so this investment is also spent in America — so that the actual physical material of our infrastructure is American-made — Iowa alone could see more than 21,000 new jobs in construction and fabrication, according to a new paper from the Economic Policy Institute. And that doesn’t account for the downstream effects an infrastructure program would cause when newly hired construction and factory workers buy cars, groceries, and other things around town.
Des Moines Register
November 5, 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
November 5, 2020
According to the Economic Policy Institute 300, the average retirement savings of Americans ages 32 to 37 was $32,602 as of 2016. It should ideally be closer to $67,000.
This figure increases dramatically for savers in their late 30s and early 40s. At this point, the average retirement savings grows to $61,933 among Americans ages 38 to 43.6
The Balance
November 4, 2020
According to a recent Economic Policy Institute (EPI) study, K-12 districts across the US are facing a $1 trillion shortfall by the end of 2021. The sharp decline in state and local tax revenue comes in the aftermath of decades of systematic disinvestment in public education. State and local funding constitutes the majority source of K-12 public school budgets in the US.
World Socialist Website
November 4, 2020