Las trabajadoras latinas llegaron a alcanzar en lo peor de la crisis un 20% de desempleo, le dice a BBC Mundo Elise Gould, investigadora del Economic Policy Institute.
BBC Mundo
September 18, 2020
A report by the Economic Policy Institute published last month contradicted his claims, however. It found that far from reenergizing the so-called Rust Belt — former industrial areas of the northeastern US that had seen a sharp economic decline since the 1990s — more manufacturing jobs left the US than were created during Trump’s first two years in office.
The Washington-based think tank wrote: “President Trump’s erratic, ego-driven and inconsistent trade policies have not achieved any measurable progress, despite the newly combative rhetoric. On top of that, COVID-19 — and the administration’s mismanagement of the crisis — have wiped out much of the last decade’s job gains in US manufacturing.”
Deutsche Welle
September 18, 2020
Heidi Shierholz, senior economist and director of policy at the Economic Policy Institute, said the undercount of people in poverty was probably over 2 million. And when there are undercount issues, Shierholz said, people at the lowest income brackets and people of color tend to be affected the most. For example, lower-income Americans may have less stable addresses or phone numbers, or it might take more time and investment to build trust with a survey-taker.
“It’s not trivial,” Shierholz said. “It doesn’t change the broader story in these numbers … and the Census Bureau is being super transparent about this issue. But it’s an issue.”
Washington Post
September 18, 2020
Pay gaps may be even wider for people of color: for example, a 2019 analysis by the Economic Policy Institute found that, after controlling for age, gender, education and region, Black workers were paid 16.2% less than White workers.
HR Dive
September 18, 2020
Josh Bivens, director of research at the Economic Policy Institute, told Newsweek that he did not see the debt as growing “all-that-exceptionally under the Trump administration” prior to the pandemic. However, Bivens criticized the Trump administration’s major economic legislation—the Tax Cuts and Jobs Act of 2017—which was the main driver of increasing debt during the president’s first three years in office.
“I think that was an awful use of fiscal resources—funneling lots of money to already-rich households that didn’t need it,” the economist said. “I think we could’ve done a number of much more valuable things with those fiscal resources, but my real objection is the opportunity cost of the tax cut—what wasn’t done with those fiscal resources—rather than its effect in pushing up debt.”
Newsweek
September 18, 2020
As for health coverage, about 12-million people have lost coverage since March, according to the Economic Policy Institute.
WFTV
September 18, 2020
The inequity between households of color and their counterparts during the coronavirus pandemic is staggering—and it’s in part due to centuries of systemic racism that disadvantage these Americans at nearly every aspect of their bigger financial picture.
This is best illustrated by the racial wealth gap. For example, Black Americans receive lower earnings than their white counterparts; Black workers made 14.9% less than their white counterparts in 2019, according to the Economic Policy Institute’s (EPI) wage report. The report also found that Black and Latino workers are paid less at almost every education level, compared to their white counterparts.
Forbes
September 18, 2020
The Economic Policy Institute estimates roughly 6.2 million out-of-work Americans lost employer sponsored health care with their job. About 85% of laid off workers were able to access health insurance through other options, with Medicaid enrolling about 4 million new insures, but millions have fallen through the cracks and remain uninsured.
Courthouse News Service
September 18, 2020
“This drop in benefits will make it far harder in coming months to claw back the jobs lost during the pandemic,” Elise Gould, senior economist at the Economic Policy Institute, wrote in a note.
NBC News
September 18, 2020
That $17 trillion in 401(k) and IRA accounts is distributed unevenly, though, and isn’t doing enough to stave off a retirement crisis. In 2016 the average American family’s retirement savings was $120,809, but the median family’s savings was a paltry $7,800, according to the Economic Policy Institute. Families in the 90th percentile had $320,000 set aside. In other words, most of those trillions are held by people with the wherewithal and savvy to take advantage of the tax code even as nearly half of families have no retirement savings accounts. Social Security, a safety net for them, might have to slash promised benefits starting in 2035 or even sooner according to its actuaries.
Wall Street Journal
September 18, 2020