“Unfortunately, more trouble is on the horizon as coronavirus cases continue to rise, states begin to re-shutter, and unemployed workers face further economic devastation when the unemployment insurance enhancements expire on July 25,” Elise Gould, a senior economist with the Economic Policy Institute, wrote in a blog post. “Without further aid to workers and their families as well as state and local governments, the economic pain will be with us for a very long time.”
Colorado stands to lose more than 66,898 jobs over the coming year if the extra $600 a week that the federal government is providing to unemployed workers and contractors goes away completely, according to an analysis from the EPI.
The Denver Post
July 13, 2020
Last week, United Airlines said it may be forced to furlough as many as 36,000 workers, or about 45 percent of its workforce. According to an estimate from the left-leaning think tank the Economic Policy Institute, up to 17.6 million Americans “probably won’t return” to their pre-crisis jobs.
Fox Business
July 13, 2020
In many states, the percentage of Hispanics contracting the virus has been on the rise. Only 16.2% of Hispanics can work from home – the lowest of any ethnic or racial classification – putting them at greater risk for exposure to the coronavirus, according to the Economic Policy Institute.
Albuquerque Journal
July 13, 2020
Other left-wing groups under Democracy Alliance’s umbrella that were awarded large PPP loans include: Catalist (between $350,000 and $1 million in loans), Faith in Action Network ($350,000 to $1 million), State Voices ($350,000 to $1 million), the Advancement Project ($1 to $2 million), American Constitution Society ($350,000 to $1 million), Economic Policy Institute ($350,000 to $1 million), National Employment Law Project ($350,000 to $1 million), the Roosevelt Institute ($350,000 to $1 million), State Innovation Exchange ($350,000 to $1 million), Faith in Public Life ($150,000 to $350,000), ProgressNow ($150,000 to $350,000), and the Movement Cooperative ($350,000 to $1 million).
Washington Free Beacon
July 13, 2020
Nationally, the extra $600 in weekly benefits raised incomes by an annualized $842 billion in May, the Economic Policy Institute recently reported.
Las Vegas Review-Journal
July 13, 2020
And finding teachers to go into classrooms to help improve our outcomes is becoming increasingly hard. In the words of a recent study by the Economic Policy Institute, “the teacher shortage is real, large and growing, and worse than we thought,” as young people are both avoiding and fleeing the profession due to low pay and poor working conditions.
Thomson Reuters Foundation News
July 13, 2020
Keynes famously wrote, “When the facts change, I change my mind. What do you do?” But this alibi doesn’t excuse Summers, because he ignored facts that were palpable decades ago. Summers’s recent heresies as a dissenter from the church of corporate market worship seem more cases of political expediency than intellectual conversion. Research by the Economic Policy Institute has been linking union bashing, declining worker power, and income inequality since its founding in 1986. It must be satisfying for EPI’s former president and chief economist Larry Mishel for Summers to admit he was right all along. But that doesn’t make Summers a trustworthy ally.
The American Prospect
July 13, 2020
Showdown coming soon: Dems versus Republicans over extending enhanced unemployment benefits past July 31. Including gig workers and freelancers, another 2.3 million filed for unemployment benefits it was announced last week. So the pressure is on. “Letting the extra $600 expire would be a disaster for (unemployment insurance) recipients, who would have to drastically cut their spending, and for the economy, which is being held afloat by this spending,” says Heidi Shierholz, senior economist at the Economic Policy Institute.
Newsweek
July 13, 2020
So, what does all this have to do with your business? Systemic racism is still doing extreme harm to my community. But not discussed nearly enough is what it’s doing to this country overall. It’s a big factor in income inequality, which is suppressing growth in demand. The nonprofit, nonpartisan Economic Policy Institute warns that “inequality-induced drag on demand translates directly to slower economic growth overall.”
Arkansas Business
July 13, 2020
The data show lower-income people at higher risk of hospitalization for a variety of reasons. Minorities are more likely than whites to be employed in essential jobs and have less ability to telecommute or be paid time off when sick, according to data from the Economic Policy Institute. In general, they have higher levels of pre-existing conditions, such as diabetes and high blood pressure, putting them at greater risk of severe coronavirus infection, Dr. Anthony Fauci has said in recent interviews.
The Wall Street Journal
July 13, 2020