Tcherneva said her biggest worry after the pandemic will be “normalized” unemployment. CNBC reports that 17.6 million unemployed Americans may not return to their pre-pandemic jobs, citing a study by the Economic Policy Institute. Some recruiting experts predict that previously full-time workers may shift to the gig economy.
Business Insider
August 3, 2020
By 2015, the average income of the top 1% of U.S. earners was $1,300,000, while the average income of the other 99% was $50,000. Average earners in the top slice were taking home 26 times the average of everyone else, according to the Economic Policy Institute’s New Gilded Age report.
The Globalist
August 3, 2020
If Congress does not extend enhanced unemployment benefits – the $600 per week meant to help Americans who lost jobs due to the novel coronavirus pandemic’s economic fallout – more than five million jobs would be lost, including more than 1,500 in Nebraska.
Heidi Shierholz, senior economist with the Economic Policy Institute, said the benefit has helped millions pay for food, rent and other essentials. She said cutting off assistance will also make racial inequality worse.
“Because Black and Brown communities are suffering more from this pandemic, both physically and economically,” said Shierholz, “as a result of historic and continuing systemic racism.”
Public News Service
August 3, 2020
Cites EPI research:
Heidi Shierholz, “Nearly 11% of the workforce is out of work with no reasonable chance of getting called back to a prior job,” Economic Policy Institute, June 29, 2020, available at https://www.epi.org/blog/nearly-11-of-the-workforce-is-out-of-work-with-zero-chance-of-getting-called-back-to-a-prior-job/
David Cooper, “Raising the federal minimum wage to $15 by 2025 would lift wages for over 33 million workers,” Economic Policy Institute, July 17, 2019, available at https://www.epi.org/publication/minimum-wage-15-by-2025/
Center for American Progress
August 3, 2020
Elise Gould is with the left-leaning Economic Policy Institute, and she says right now, with so many people looking for jobs…
ELISE GOULD: You’re not really going to see some of those earnings gains actually translate into wage growth for most workers in this country.
NPR
August 3, 2020
In new analysis from the Economic Policy Institute, the scope of the harm of proposals, or lack thereof, to North Carolina in the proposed Senate version of the next federal package is made clear. The loss of the $600/week boost in Unemployment Insurance would cost North Carolina 95,000 jobs. That’s because it would reduce the income by $400 each week for those hundreds of thousands North Carolinians out of work, forcing impossible choices between basic needs.
The Progressive Pulse
August 3, 2020
Even if Congress does extend the aid before July 31, it will take two to four weeks for states to reinstate the benefits according to the Economic Policy Institute.
CNET
August 3, 2020
Democratic leaders are balking at the amount, saying it’s too small. The Economic Policy Institute, a progressive research group, estimates losing $400 a week in benefits will mean 81,483 fewer jobs created in Washington through mid-2021.
The Olympian
August 3, 2020
The Senate Republican proposal to reduce the weekly $600 supplement to $200 threatens to lead to 3.4 million fewer jobs created over the next year, according to the left-leaning Economic Policy Institute.
USA Today
August 3, 2020
In a survey from the Economic Policy Institute, almost half of companies reported requiring some of their employees to sign non-compete agreements, and nearly a third responded saying they required all of their workers to sign one.
CNN Business
August 3, 2020