“A community that you might not expect to be hit are the people who aren’t even on [unemployment insurance], but will just lose their jobs, because the spending that those UI recipients did was on goods and services that those people provided,” said Heidi Shierholz, a former DOL economist now with the left-leaning Economic Policy Institute.
Politico
July 9, 2020
Only 1 in 10 workers in America are part of a union. And for many people, having one would make it a lot easier to advocate for better pay and protections during this pandemic. But worker power has slowly been dismantled by employers and politicians over the years. [Larry is in interview]
KQED
July 9, 2020
If the federal government doesn’t help state and local governments close budget shortfalls, the economic crisis across the country will deepen and settle in, making for a longer and harder recovery. “This is not an abstract concern—the historically slow recovery in state and local spending following the Great Recession by itself delayed a recovery in unemployment to pre-crisis levels by four full years,” according to the Economic Policy Institute.
And it won’t be rich white men—or even mostly non-rich white men—who pay the price.
Daily Kos
July 9, 2020
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
July 9, 2020
And that’s just the federal share of taxes. To find the total tax burden on the top 1%, GOBankingRates analyzed 2019 data from the Tax Foundation on federal and state income tax rates for single filers and married couples filing jointly. The average annual income of the top 1% was sourced from the Economic Policy Institute. GOBankingRates then calculated both the effective and marginal tax rates on the top 1% in every state using an in-house calculator. The study also found how much the top 1% spends on sales taxes by looking at information from the Bureau of Labor Statistics and the Missouri Economic Research and Information Center. Property tax was excluded due to the lack of consistent data for home values of the top 1% in every state.
GO Banking Rates
July 9, 2020
Absent federal action, these job losses could get much worse. A recent analysis conducted by the Economic Policy Institute estimates that without it, North Carolina will lose a combined total of 156,500 public and private jobs by the end of 2021.
NC Policy Watch
July 9, 2020
Low-paid staff and graduate students stand to suffer significant harm to their health and household finances if UGA does not require face masks while indoors and will not allow instructors and staff to work from home if they are able and wish to do so. Nearly 3,000 graduate student workers at UGA make less than $25,000 per year. Additionally, an estimated 2,500 full-time employees (about 22% of UGA employees) earn salaries under $35,000, which the Economic Policy Institute’s Family Budget Calculator considers a living wage for a single adult with no children in Clarke County. With no extra money to spare, these workers are more likely to have health insurance plans with poorer coverage and higher deductibles. They simply cannot afford to get sick. By requiring staff and graduate students to work on campus with poor public health regulations, UGA is putting the health and limited resources of their most financially insecure employees and students at significant and unnecessary risk.
Flagpole
July 9, 2020
“We absolutely need to provide another round of relief and recovery measures for families,” Josh Bivens, director of research at the nonpartisan think tank Economic Policy Institute, told CNET. “We’re going to have steeply elevated rates of joblessness for a long time and there will be a lot of suffering unless we do more measures.”
CNET
July 9, 2020
The Economic Policy Institute has estimated 5.3 million lost jobs by the end of 2021 if the federal government does nothing. The jobs gap would be 2.6 million if $500 billion of federal aid passed—that $1 trillion in the House HEROES bill is necessary to avert significant job losses.
Daily Kos
July 9, 2020
Moreover, workers who leave to care for children have no guarantee that they’ll get their job back, given the deep economic damage caused by the pandemic, said Elise Gould, an economist at the left-leaning Economic Policy Institute.
Bloomberg Law
July 9, 2020