“A surge in the virus also dampens job-seeker interest in opportunities that aren’t remote. Getting the virus under control is the only path to a full economic recovery,” Konkel said.
All of that means “stimulating the economy to create jobs is crucial,” said Heidi Shierholz, senior economist and director of policy at the nonprofit Economic Policy Institute. “Extending the unemployment insurance provisions of the CARES Act and providing fiscal aid to state and local governments could alone create or save millions of jobs over the next year.”
NBC News
November 9, 2020
According to nonprofit think tank the Economic Policy Institute, Black workers are twice as likely to be unemployed as white workers overall (6.4% vs. 3.1%), and Black workers with a college degree are more likely to be unemployed than similarly educated white workers (3.5% vs. 2.2%). While employed, Black workers with a college or advanced degree are more likely than their white counterparts to be underemployed when it comes to their skill level. Almost 40% are in a job that typically does not require a college degree, compared with 31% of white college grads.
New Orleans City Business
November 9, 2020
Under the new law, any company whose CEO earns 100 times more than their average worker will pay an extra 0.1% surcharge on its annual business tax payment. If 200 times more, the surcharge increases to 0.2%, if 300, the top executive gets a 0.3% surcharge, and so forth. On average, top U.S. executives are paid 320 times more than an average worker, according to a recent Economic Policy Institute study.
Next City
November 9, 2020
During in-person classes, students can better understand course content because they’re in a better learning environment. In-person classes also allow students to get to know their professors and other peers on a face-to-face basis, providing them the opportunity to build relationships and friendships, according to the Economic Policy Institute.
Marquette Wire
November 9, 2020
Veterans make up almost 7% of all state and local government workers, and – like individuals and businesses – those units of government are sustaining dramatic financial losses.
“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 9, 2020
It’s important to keep the October numbers in context, according the Economic Policy Institute. “The unemployment rate for Black workers remains higher than the peak of the overall unemployment rate in the Great Recession,” Elise Gould, senior economist, wrote Friday.
MarketWatch
November 9, 2020
Los latinos en Nueva York eran el grupo más ha afectado el desempleo para el segundo trimestre del 2020, en medio de la crisis económica provocada por el coronavirus, de acuerdo a un reporte del Economic Policy Institute que estudia las necesidades de los trabajadores de ingresos bajos y medios.
Univision
November 9, 2020
An illustration of the widening chasm is available in statistics from the Economic Policy Institute thinktank.
In 1965 the typical CEO in an American company received 20 times the average wages for shopfloor employees. By 1989 this ratio was 58 to 1. In 2018 this had increased to 278 to 1.
Between 1978 and 2018, the average CEO salary increased by 1000.7%. Wages for the average worker over the same period went up by 11.9%.
Irish Examiner
November 9, 2020
Vanguard Collegiate Academy founder Robert Marshall, in Indianapolis, learned early in the pandemic how important parental involvement was to student engagement. Many of his students’ parents had to work outside the home, which interfered with their ability to support their children in online learning, especially in the lower elementary grades. Marshall was not surprised by data from the Economic Policy Institute that showed only 19.7 percent of Blacks and 16.2 percent of Latinos can telework and support their children’s learning throughout the day.
The Washington Informer
November 9, 2020
H-2A visa holders work under precarious circumstances, and they have been hit hard by the COVID-19 pandemic despite being deemed essential, said Daniel Costa, the director of Immigration Law and Policy Research at the Economic Policy Institute.
“Despite the fact that wages are going up a little bit, there’s still a labor market where almost half of farmworkers are undocumented,” Costa told the Daily Poster. “Ten percent of them are on [H-2A] work visas that don’t allow them to switch employers, so they are very exploitable. And there are lots of cases of wage trafficking.”
Jacobin
November 9, 2020