“Just apply. Don’t wait,” Heidi Shierholz, a senior economist and policy director at the Economic Policy Institute, told Business Insider. “There’s no reason to wait a week because you can start getting those benefits a soon as possible. It’s good for you, it’s good for the economy.”
Business Insider
August 3, 2020
This support has helped maintain a healthy level of consumer spending, which has, in turn, bolstered roughly 5 million jobs, the Economic Policy Institute found. If the enhanced UI fully lapses in the coming month, the fallout for individual households and the broader economy will be significant.
VOX
August 3, 2020
A separate study by the Economic Policy Institute found that expanding jobless aid boosted personal income by $842 billion in May; extending the boosted benefits through mid-2021, the nonprofit said, would provide an average quarterly boost to GDP of 3.7 percent.
Fox Business
August 3, 2020
According to research by the nonprofit Economic Policy Institute, among households headed by adults ages 50 to 55, the median retirement savings is only $8,000, according to the Economic Policy Institute.
MSN Money
August 3, 2020
President Donald Trump’s ban on work visas will reduce the number of immigrants receiving green cards by nearly a third, compared with 2019, according to the Economic Policy Institute.
CNBC
August 3, 2020
Tcherneva said her biggest worry after the pandemic will be “normalized” unemployment. CNBC reports that 17.6 million unemployed Americans may not return to their pre-pandemic jobs, citing a study by the Economic Policy Institute. Some recruiting experts predict that previously full-time workers may shift to the gig economy.
Business Insider
August 3, 2020
By 2015, the average income of the top 1% of U.S. earners was $1,300,000, while the average income of the other 99% was $50,000. Average earners in the top slice were taking home 26 times the average of everyone else, according to the Economic Policy Institute’s New Gilded Age report.
The Globalist
August 3, 2020
If Congress does not extend enhanced unemployment benefits – the $600 per week meant to help Americans who lost jobs due to the novel coronavirus pandemic’s economic fallout – more than five million jobs would be lost, including more than 1,500 in Nebraska.
Heidi Shierholz, senior economist with the Economic Policy Institute, said the benefit has helped millions pay for food, rent and other essentials. She said cutting off assistance will also make racial inequality worse.
“Because Black and Brown communities are suffering more from this pandemic, both physically and economically,” said Shierholz, “as a result of historic and continuing systemic racism.”
Public News Service
August 3, 2020
Cites EPI research:
Heidi Shierholz, “Nearly 11% of the workforce is out of work with no reasonable chance of getting called back to a prior job,” Economic Policy Institute, June 29, 2020, available at https://www.epi.org/blog/nearly-11-of-the-workforce-is-out-of-work-with-zero-chance-of-getting-called-back-to-a-prior-job/
David Cooper, “Raising the federal minimum wage to $15 by 2025 would lift wages for over 33 million workers,” Economic Policy Institute, July 17, 2019, available at https://www.epi.org/publication/minimum-wage-15-by-2025/
Center for American Progress
August 3, 2020