“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.”
The Washington Post
August 9, 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
What happens when hard work isn’t enough? There are a number of handy calculators, such as MIT’s and the Economic Policy Institute’s, that peg a living wage for a family of four residing in a small town at roughly $60,000 to $70,000 a year. That figure is considerably higher for workers living in pricey cities. Now consider that the average full-time production and nonsupervisory worker at an S&P 500 company earned just $41,442 last year, according to data compiled by the AFL-CIO.
Bloomberg
August 7, 2020
The White House has floated the idea of dropping the weekly plus-up to $400, but Heidi Shierholz, senior economist at the Economic Policy Institute, said dropping even to that amount would cause the U.S. to shed 1.7 million more jobs thanks to the loss in spending.
“Because we did not put the public health measures in place necessary to successfully reopen, the coronavirus has spiked and the jobs gains we saw in May and June have stalled, if not reversed,” she said.
Courthouse News Service
August 7, 2020