“It’s well known that the typical worker’s wage has not grown that much in the last 40 years,” said Larry Mishel, a senior economist at the Economic Policy Institute, a nonpartisan nonprofit funded mostly by foundations and some labor unions. “In contrast, CEO compensation has grown quite a lot.”
Houston Chronicle
July 20, 2020
Some researchers have disputed that continuing the assistance would harm the economy or dampen job growth. Josh Bivens, director of research at the left-leaning Economic Policy Institute, estimates that ending the $600 per week payment outright would “severely” reduce GDP as it would reduce spending in the households most affected by the economic turmoil.
He said enhanced unemployment insurance, combined with hazard pay for essential workers and strengthened job safety standards, which Democrats also want in the next bill, are “good economics and good health policy” as many Americans “face the choice of unsafe work or poverty.”
CNBC
July 20, 2020
These data points aren’t just isolated indicators of racial inequality, but part of a much larger problem. “It literally shows up in everything that we could look at,” says Valerie Wilson, an economist at the Economic Policy Institute who recently co-published a report with Elise Gould on how the Covid-19 pandemic disproportionately affected Black workers in the US due to racism.
Quartz
July 20, 2020
But nearly half of the U.S. population is still jobless, and millions will remain jobless for the foreseeable future. There are 14 million more unemployed people than there are jobs, per the Economic Policy Institute.
Axios
July 20, 2020
As Heidi Shierholz of the Economic Policy Institute points out, “Cutting off the $600 cannot incentivize people to get jobs that aren’t there.”
Politicus USA
July 20, 2020
Black people make up about one in nine workers overall, but about one in six essential workers, according to the Economic Policy Institute, a progressive think tank, due to their disproportionate presence in grocery stores, public transit, health care, social services, and other industries.
The Counter
July 20, 2020
Annual infant care is on average about $21,000, while care for a 4-year-old is around $15,000, according to the Economic Policy Institute.
Daily Hampshire Gazette
July 20, 2020
Per the Economic Policy Institute, in 2019, black unemployment was at least twice as high as white unemployment in 14 states. Black unemployment is roughly 50% higher than that of whites.
Boise Weekly
July 20, 2020
On the other hand, according to the Economic Policy Institute, if the benefit is extended through July 2021, the state could see a boost of $2.6 billion, equivalent to 2.3% of its annual GDP.
KMUW
July 20, 2020
If that money were to disappear, so would the jobs that have been sustained by consumer spending. The Economic Policy Institute estimated that the additional $600 in unemployment benefits will allow 5.1 million workers across the nation to keep their jobs. That number is 463,000 in New York.
Syracuse.com
July 20, 2020