Gen Z, defined here as those ages 16 to 24, are the most likely to be unemployed or underemployed because of the pandemic, according to the Economic Policy Institute. These workers are also not as likely to be able to work from home as older generations and have a higher probability of working in industries that have been hit hard by the pandemic.
“Millions of workers of all ages have suffered devastating job losses in the current recession, but the economic impact on young workers has been even more intense,” Elise Gould, senior economist with EPI, said in a statement.
CNBC
October 16, 2020
Daniel Costa, director of immigration law and policy research at the Washington-based Economic Policy Institute, said America benefits from skilled foreign workers but reforms are needed.
“You can legally bring in a worker for less than what the going rate is for a worker in that area, Costa said. “Companies are going to do what’s best for their bottom line and their profits.”
Voice of America
October 16, 2020
But receiving those benefits, which are administered by the states, isn’t so 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.
If the program is not extended by Congress, “we’re going to see a disaster,” Ms. Shierholz said. “There will be a huge drop in living standards and an increase in poverty as well as downward pressure on economic growth.”
The New York Times
October 16, 2020
Atlantic Magazine event on small businesses featuring Heidi.
Atlantic Magazine
October 16, 2020
The Economic Policy Institute, a progressive think tank based in Washington, D.C., carried out an analysis of primary and secondary education that, it said, illustrated “a widespread digital divide based on family income.”
“Nearly 16% of eighth-graders overall, and almost a quarter of eighth-graders who are poor, don’t have a desktop or laptop computer at home on which to follow their classes,” EPI researchers Emma García, Elaine Weiss, and Lora Engdahl wrote. “About 8% of eighth-graders who are not poor lack access to these essential devices.”
MarketWatch
October 16, 2020
Gen Z, defined here as those ages 16 to 24, are the most likely to be unemployed or underemployed because of the pandemic, according to the Economic Policy Institute. These workers are also not as likely to be able to work from home as older generations and have a higher probability of working in industries that have been hit hard by the pandemic.
“Millions of workers of all ages have suffered devastating job losses in the current recession, but the economic impact on young workers has been even more intense,” Elise Gould, senior economist with EPI, said in a statement.
CNBC
October 16, 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
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
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