Others argue that there are more unemployed workers than job openings, as senior economist Heidi Shierholz wrote in a blog post for the Economic Policy Institute, or that people aren’t returning to work because it’s not safe for them or their families.
“Cutting off the $600 cannot incentivize them to get jobs; it will just cause pain,” Shierholz wrote.
ABC News
July 27, 2020
A recent analysis from the Economic Policy Institute reported nearly 11 percent of the workforce is out of work with no real opportunity for return, and a recent Navigator poll estimates nearly 7 in 10 respondents want the Trump administration and Congress to expand the $600 weekly unemployment aid at least through January 2021.
Ms. Magazine
July 27, 2020
Business Insider
July 27, 2020
Economists have argued that the FPUC add-on is supporting the economy during the pandemic. Josh Bivens, director of research at the left-leaning Economic Policy Institute, argued that economic growth is constrained by the lack of demand and helping households spend rather than cut back will spur growth.
He estimated that continuing the $600 enhanced benefits until July 2021 will increase the gross domestic product by 3.7 percent and will add more than 5 million jobs. Nevada is projected to add 84,000 jobs and have the highest boost in GDP in the country at 7.5 percent.
Nevada Independent
July 27, 2020
According to Heidi Shierholz, the former chief economist at the U.S. Department of Labor and current director of policy at the Economic Policy Institute, if we succeed in restoring “a million jobs a month — which would be absolutely unheard of — it would still take almost two years to get back to where we were.”
CNBC
July 27, 2020
The prominent labor economist Lawrence Mischel has said deregulation was never meant to help truckers.
“This was a conscious decision to make the trucking industry a dog-eat-dog industry,” Mishel, a fellow at the Economic Policy Institute, previously told Business Insider. “The prices of trucking got cheaper, but the ability to make a living evaporated.”
Business Insider
July 27, 2020
“Each dollar of unemployment insurance boosts economy-wide spending by $2,” said Lily Roberts, director of economic mobility at the Center for American Progress. “The Economic Policy Institute estimates that letting the $600 unemployment insurance extension expire would by itself lead to more job loss than happened in the recessions of the early 1990s or early 2000s.”
CNET
July 27, 2020
According to a paper by the Economic Policy Institute (EPI), the teacher pay penalty – the percent by which public school educators are paid less than comparable workers – has reached an all-time high. When adjusting only for inflation, the researchers found that teachers, compared to other college graduates, are paid nearly $350 less per week in salary in 2017, or 23 percent less.
Bluefield Daily Telegraph
July 27, 2020
Without Congressional action – which did not seem imminent Friday – the end of the program known as Federal Pandemic Unemployment Compensation will cost the Georgia economy 186,000 jobs during the next year, according to an analysis by the Economic Policy Institute, a liberal think tank.
Atlanta Journal Constitution
July 27, 2020
Higher levels of education tend to lead to higher salaries. Plus, the more graduates earn, the more tax dollars they contribute over time, according to the Economic Policy Institute.
WTVQ (Kentucky)
July 27, 2020