Evermore points to a recent study from the nonpartisan, nonprofit think tank Economic Policy Institute, which said if the $600 benefit was extended for a year, until July 2021, Michigan’s gross domestic product would be boosted by 6.6% and it would support the employment of nearly 200,000 workers.
Detroit Free Press
July 7, 2020
Critics of the extra payment say it encourages people not to return to work, and take issue with the fact that some people earn more with the bonus than they did at their old jobs. But some economists say that is precisely the point: The extra $600 in benefits — deemed the “best” part of the economic response by Josh Bivens and Heidi Shierholz, economists at the left-leaning Economic Policy Institute — keeps people home while allowing them to pay their bills and even save some money.
CNBC
July 7, 2020
Jhacova Williams, Economist at The Economic Policy Institute, joined Yahoo Finance’s Sibile Marcellus, Kristin Myers, and Jen Rogers to discuss the economist cost of racist symbols and the role structural racism has had in shaping soceity.
Yahoo Finance
July 7, 2020
Features interview with Heidi Shierholz.
CNN
July 6, 2020
Have I mentioned that generous unemployment benefits are one of the few things keeping this economy afloat at the moment? Josh Bivens, an economist at the left-leaning Economic Policy Institute, estimates that extending the $600 sweetener through July 2021 would boost gross domestic product by 3.7 percent.
The New Republic
July 6, 2020
The racial wealth gap is no myth. According to the Economic Policy Institute, average wealth for white families in the U.S. is seven times higher than average wealth for Black families. Black businesses often struggle more due to this wealth gap and lack of homeownership, so how does it help to buy Black?
VOX Magazine
July 6, 2020
The Economic Policy Institute estimates nearly 11% of American workers furloughed by the coronavirus shutdown have no reasonable chance of being called back to their jobs. To put it simply: We have a challenge ahead, and the job prospects offered by Electric Works make the project more important than ever.
The Journal Gazette
July 6, 2020
“I’m concerned overall,” said Elise Gould of the Economic Policy Institute in an interview, noting that the jump in leisure and hospitality will likely be short-lived as several states experience rising rates of Covid-19. “I think this is perhaps the best report we’re going to see in a while. I’m concerned that Congress thinks that the job is done.”
Courthouse News Service
July 6, 2020
Elise Gould and Heidi Shierholz, senior economists at the nonprofit think tank Economic Policy Institute, emphasized that the economic recovery has a long way to go. “Even with these mild improvements, a large jobs deficit remains. Payroll employment remains 14.7 million lower than it was in February, and the unemployment rate is 7.6 percentage points higher than it was in February,” they wrote.
Courthouse News Service
July 6, 2020
Letting the $600 weekly boost expire would not only mean difficult economic times for thousands of Maine families but would shrink their spending power, constraining the economic recovery, according to a recent analysis by the progressive Economic Policy Institute. “In recent congressional testimony, economist Jason Furman projected how much continuation of these extra benefits would boost gross domestic product (GDP) and employment by 2022,” EPI research director Josh Bivens wrote in a June 26 post.
Maine Beacon
July 6, 2020