Persistent unemployment that lasts months could also damage the economic recovery, especially if there isn’t further aid passed, said Elise Gould, senior economist at the Economic Policy Institute, a left-leaning think tank.
If people “exhaust their benefits we’re going to see the kind of devastation we’re already hearing stories about — people not being able to make ends meet, evictions, people going hungry,” she said.
That will have huge implications for the individuals involved and the economy, according to Gould. “It really weakens the recovery because we need people to spend, and if they don’t have money to spend on what they need, then money is not circulating in the economy.”
CNBC
October 26, 2020
“We have many, many firms making these decisions, and Trump likes to negotiate these deals one at a time. It’s trade policy by press release, and often there’s nothing behind the press release,” said Robert Scott, senior economist with the Economic Policy Institute in D.C. “He makes a deal, smiles for the photographers, and then he walks away.”
Washington Post
October 26, 2020
However, to jumpstart U.S. job creation Congress must act now — and do so through much-needed public investments. According to our research at the Economic Policy Institute (EPI), the key to a meaningful recovery would be a series of federal investments in clean energy and energy efficiency along with broad improvements to our nation’s infrastructure.
The Hill
October 26, 2020
A May 2020 report from the Economic Policy Institute (EPI) found that 60 percent of H-1B positions certified by the DOL in fiscal year 2019 were assigned the two lowest prevailing wage levels, which were “significantly lower” than the local median salaries surveyed for occupations.
“Employers can reap significant savings by selecting the two lowest wage levels instead of the Level 3 median wage or Level 4 above-median wage,” said Daniel Costa, director of immigration law and policy research at EPI.
Costa illustrated the following example of software developers in the Washington, D.C., metropolitan area prior to the new rule being implemented: Employers hiring at Level 1 pay $75,000 versus the median wage for the job in the region—represented by Level 3 at $117,000. Those hiring at Level 2 pay $96,000.
SHRM
October 26, 2020
According to the Economic Policy Institute, about 16% of all veterans—1.2 million men and women–are covered by a union contracts (compared to 10.3% of all workers). They are most heavily represented in the American Federation of Government Employees and American Postal Workers, where veterans have a strong collective identity and internal union presence. On an individual basis, union members who are veterans may also belong to local posts of the American Legion, Veterans of Foreign Wars, or AMVETS.
LA Progressive
October 26, 2020
The United States could add between 6.9 and 12.9 million new jobs by investing in infrastructure and clean energy, boosting U.S. exports and eliminating the nation’s trade deficit, according to a new plan released today by the Alliance for American Manufacturing (AAM).
An analysis by the Economic Policy Institute (EPI) found that the plan would add a minimum of 2 million jobs through infrastructure investments, 1.3 million jobs by investing in clean energy and energy efficiency improvements, and 3.5 million jobs from trade and competitiveness policies. At least 2.5 million of the jobs would be in U.S. manufacturing.
Industry Today
October 26, 2020
Nearly 30 million Americans did not have health insurance last year, and an estimated 12 million people lost their employer-sponsored health insurance due to the pandemic, according to research from the Economic Policy Institute. Trump and Biden have very different opinions on how to fix this problem.
Time Magazine
October 26, 2020
According to the Economic Policy Institute (EPI), the passage of Prop 22 would “give digital platform companies a free pass to misclassify their workers” as independent contractors rather than employees, enabling them to deny workers a whole slew of benefits:
Common Dreams
October 26, 2020