“When the economy’s growth is demand-constrained, anything that keeps households from cutting back on spending actually supports growth,” Josh Bivens, director of research at the Economic Policy Institute, a left-leaning think tank, said in June. “Cutting off a policy support that helps households maintain spending is a terrible idea, both for these households’ welfare and for macroeconomic stabilization.”
MarketWatch
September 3, 2020
Absent federal action, these job losses could get much worse. A recent analysis conducted by the Economic Policy Institute estimates that without it, Kansas will lose a combined total of 51,700 public and private jobs by the end of 2021.
Great Bend Post
September 3, 2020
The article further detailed that 39% of the workers in the US fell under the essential categories and were therefore more vulnerable to the disease, according to the Economic Policy Institute. Additionally, the March to May lockdown was not uniform and stringent across the nation.
Pharmaceutical Trends
September 3, 2020
“We are already seeing it,” said Heidi Shierholz, senior economist and director of policy at the Economic Policy Institute (EPI). “But it’s just gonna get way, way worse.”
The 19th
September 3, 2020
Nevada was the state with the highest Hispanic unemployment rate for the second quarter at about 30 percent, up from about 5 percent last quarter, according to a report by the Economic Policy Institute.
Nevada Current
September 3, 2020
The findings match up with new data from the U.S. Census Bureau that reveals families of color are also disproportionately experiencing the negative social, economic, and mental health effects of the coronavirus crisis. Figures from the Economic Policy Institute also show that job losses are hitting Black workers and their families especially hard.
New York Amsterdam News
September 3, 2020
The evidence that automation has been displacing human labor is fairly thin. A 2017 NBER paper by Acemoglu and Restrepo found that industries and areas that added more robots saw lower employment and lower wages. But a careful analysis by economists Lawrence Mishel and Josh Bivens of the Economic Policy Institute found that the story wasn’t so clear. Acemoglu and Restrepo focused only on one very narrow form of automation — industrial robots. Mishel and Bivens, looking at the same data, found that overall investment in information technology was positively correlated with employment.
Bloomberg
September 2, 2020
TCJA’s supporters argue that corporate tax cuts ultimately trickle down to American workers in the form of higher wages. But in the short run, TCJA’s steep, immediate corporate tax cut was merely a windfall for shareholders. And the trickle-down theory that posits workers benefit in the long run is not functioning in practice. The theory was that corporate tax cuts would spark such a boom in corporate investment that it would make workers more productive and that workers would benefit from that increased productivity in the form of higher wages. But TCJA did not produce an investment boom. In fact, business investment was declining even before the economic crisis wrought by COVID-19. Instead, corporations used their tax cuts to distribute more cash to shareholders through dividends and stock buybacks. Corporations have also increased their CEOs’ pay packages since the enactment of TCJA, as the Economic Policy Institute has found.
Center for American Progress
September 2, 2020
“What we’re seeing now is really just a magnification of what’s been there already,” said Elise Gould, senior economist at the Economic Policy Institute in Washington, D.C. Gould and economist Valerie Wilson published a report in June on the economic inequality that the pandemic has exposed.
St. Louis Public Radio
September 2, 2020
A separate study by the Economic Policy Institute found that expanding jobless aid boosted personal income by $842 billion in May; extending the heightened benefits through mid-2021, the nonprofit said, would provide an average quarterly boon to GDP of 3.7 percent.
Fox News
September 2, 2020