Jaimie Worker, the senior state policy coordinator at the economic policy institute, was in the meeting as well. Saying the loss of that $600 per week affects more than those who are unemployed.
“They will no longer be buying things that they have been buying,” Worker said. “And the workers who produce those goods and services that they will no longer be buying will lose their jobs as well.”
WNEM-TV (Michigan)
August 7, 2020
“This should not be a shock,” said Elise Gould, senior economist at the Economic Policy Institute in Washington. “Economic recovery depends entirely on success in managing the spread of the virus, and this management has failed spectacularly since early June.”
Reuters
August 7, 2020
Heidi Shierholz, economist at the left-leaning Economic Policy Institute, said: “We added 1.8 million jobs in July, but our jobs level remains in absolute crisis”.
BBC
August 7, 2020
But that’s likely lowball right now, said Elise Gould, senior economist at the Economic Policy Institute. To be counted as “unemployed,” you have to be actively looking for work.
MarketWatch
August 7, 2020
The reality is that there remains a fundamental mismatch between the number of unemployed Americans and available jobs in the U.S. The BLS calculated that there were roughly four unemployed workers per job opening in May (the June figures will be released on August 10). Therefore, even with no benefit, the supply of jobs would not be sufficient to meet demand for work. As the left-leaning Economic Policy Institute noted in late July, there are 14 million more unemployed workers than jobs. “You can’t incentivize people to get jobs that aren’t there,” the EPI remarked.
Forbes
August 7, 2020
CNBC
August 7, 2020
According to the Economic Policy Institute (EPI) the knock-on effect of removing that cash from the economy could be severe. The EPI estimated 5mn jobs could be lost by July 2021 if it is cut as consumers are forced to cut back on spending.
“The $600 benefit is essential for millions of people to get food, to pay rent, to care for their children, to afford basic necessities. If it is cut off, it will mean a sharp decline in their living standards, an increase in poverty, and completely unnecessary suffering,” Heidi Shierholz, EPI senior economist and director of policy, wrote recently.
The Guardian
August 7, 2020
A 2016 Economic Policy Institute study revealed 2 million jobs were lost in 2015 from the failed TPP; a total of 1.1 million of them were in manufacturing.
Townhall
August 7, 2020
That’s a huge financial hurdle for people of all racial backgrounds, but particularly high for Black families when you consider that Black workers earn just 73 percent of what white workers do, and Black college graduates earn 22.5 percent less than white college graduates, according to the Economic Policy Institute. The institute also reports that in 2018, the median household income for white households was 70 percent higher than for Black households: $70,642 versus $41,692.
The Beach Reporter
August 7, 2020