That translates to 20 straight weeks where claims have been higher than the worst week of the 2008-2009 financial crisis, says Heidi Shierholz, director of policy at the nonpartisan Economic Policy Institute and former chief economist at the Labor Department.
Barron’s
August 11, 2020
Economists such as Josh Bivens, from the left-leaning Economic Policy Institute, say that putting more of an onus on states during a recession will backfire and lead to more economic hardship.
With changes expected to take months to carry out and just $44 billion of FEMA funds available to begin with, Bivens said carrying out the order would burden states with a lot of work for a very small payoff. At the current level of unemployment, the fund would be exhausted in just more than a month.
“It’s going to take a long time to set up, and it’s not going to last a long time at all,” he said.
The Hill
August 11, 2020
He also noted that the extra $400 per week for eligible jobless workers would still represent an average 22 percent pay cut for those who had through July been receiving an extra $600 weekly from the federal government.
And that in turn is likely to lead to a drop in consumer spending that has been supporting jobs. The Economic Policy Institute, a progressive think tank, estimates that cutting the enhanced benefit by $200 per week would cost 1.7 million jobs.
Politico
August 11, 2020
Normal trauma responses, Bordere said, can be interpreted differently depending on a number of factors, including a student’s race.
Two Economic Policy Institute researchers found something similar. In a 2019 report they wrote schools with high proportions of Black students have low enrollment in disability services. Therefore, symptoms of medical or mental health conditions are often punished.
The Columbia Tribune
August 11, 2020
Un análisis que en 2018 publicó el Economic Policy Institute (EPI) concluye que los conductores de Uber en este país ganaban 9.21 dólares por hora después del recorte de la compañía por cada viaje, los gastos por gasolina y mantenimiento de sus autos, así como los descuentos por cobertura médica y jubilación.
Univision
August 11, 2020
“I think what most employers are going to do is not pass this on to their employees,” added Josh Bivens, the director of research at the left-leaning Economic Policy Institute. “They’re not going to give money to the worker because the government is at some point going to come back for it.”
Jezebel
August 11, 2020
People of color have been hit harder by unemployment, are more likely to be essential workers working longer hours for less pay, have fewer sick days and are less likely to have cash reserves, according to the Economic Policy Institute. And the strain is showing in the Jewish community, too, with Jews of color seeking out financial assistance through this initiative and others.
Forward
August 11, 2020
As it stands, they’d have to claw back that money to employees at the beginning of next year. “I think what most employers are going to do is not pass this on to their employees,” Josh Bivens, the director of research at the left-leaning Economic Policy Institute, told the Post. “They’re not going to give money to the worker because the government is at some point going to come back for it.” All that Trump achieved with that part of the orders was declaring that he intends to destroy Social Security, which Democratic presumptive nominee Joe Biden was quick to point out on Sunday, saying Trump is trying to “undermine the entire financial footing of Social Security,” and to put Americans’ benefits “in doubt.”
Daily Kos
August 11, 2020
According to the Economic Policy Institute, despite progress in other areas, Black unemployment and incarceration rates worsened, while Black homeownership remained the same during the 50 years following the Civil Rights Act of 1968. With today’s heightened focus on racial inequities, racial justice investing initiatives are likely to continue to proliferate. As policymakers and other stakeholders work to advance racial equity in the decades ahead, racial justice investing remains an area to watch.
Forbes
August 11, 2020
“All recessions exacerbate existing inequalities by race and ethnicity — and always hit black and Hispanic workers harder — but this one will be worse […] it will be an absolute nightmare,” said Heidi Shierholz, policy director at the Economic Policy Institute, in the Washington Post. The same piece revealed the number of working Black business owners in the U.S. dropped by as much as 40%, or nearly 450,000 people, between February and April 2020. (Latinx business ownership dropped 32%, and Asian business ownership dropped approximately 25%.) Repercussions from this catastrophe will likely be felt for decades to come.
Good Beer Hunting
August 11, 2020