President Donald Trump’s trade policies during his first term have “failed to stop offshoring or the erosion of the U.S. manufacturing base,” and his administration’s mishandling of the coronavirus pandemic has erased much of the progress made in the wake of the 2008 finanical crisis, according to a report released Monday.
The new report authored by Robert E. Scott, senior economist and director of trade and manufacturing policy research at the Economic Policy Institute (EPI), challenges the narrative from the president and key figures in his administration that the era of offshoring U.S. jobs is “over” thanks to Trump’s trade agenda.
Common Dreams
August 11, 2020
Full-time day care in California costs an average of $900-$1,375 per month, according to a report by the Economic Policy Institute. That may sound like a lot for people struggling month to month, but some providers are set up to accept subsidies for low-income parents and essential workers, making them more accessible to families in need, Mauskopf said.
The Mercury News
August 11, 2020
When the CARES Act established the $600-per-week unemployment supplement, some states struggled to set up their payment systems to distribute funds to applicants for aid. Research from the Economic Policy Institute in April found that for every 10 people who successfully filed for unemployment benefits, another three to four could not get through their state’s system to file a claim.
Forbes
August 11, 2020
Center for American Progress
August 11, 2020
Instead, with some Senate Republicans balking at another round of federal stimulus and negotiations in shambles, President Donald Trump added another burden. In an executive order on Saturday, he extended $400 per week in additional unemployment benefits – but is asking states to foot a quarter of the bill.
“It’s completely unrealistic,” said Josh Bivens, director of research for the Economic Policy Institute, a progressive think tank in Washington. “States need a lot more money from the federal government. They don’t need new demands to pay money. They’re already in the hole.”
Bloomberg
August 11, 2020
According to estimates by the Economic Policy Institute, failing to extend the PUC through July 2021 could lead to a loss of 66,898 Colorado jobs over the next year — hampering the state’s recovery efforts.
Colorado Politics
August 11, 2020
According to the Economic Policy Institute, the cost to place one child in daycare ranges from $10,000 to $14,000 each year. With Virginian’s median household income resting at $77,000 a year, daycare expenses make up over 16 percent of their yearly income.
Daily Press
August 11, 2020
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