Just over 1 in 10 Americans who are out of work because of the coronavirus pandemic don’t have a good chance of getting called back to their old jobs, according to recent research from the Economic Policy Institute, a left-leaning think tank.
CNBC
July 2, 2020
According to CBS News, citing the Economic Policy Institute, California has more than 3 million workers claiming unemployment benefits, with another 1.8 million in NY and more than 2 million in Pa.
Click Lancashire Independent News
July 2, 2020
“Given the likelihood that states may have to re-shutter parts of their economies with the rise in cases, the job gains we saw last month may not last,” wrote Elise Gould, senior economist at the progressive Economic Policy Institute, in a preview of the jobs report.
The Hill
July 2, 2020
“If you have millions of people who have a lot less money to spend, then they stop spending, they’re not buying the goods and services that they otherwise would have,” Economic Policy Institute Policy Director Heidi Shierholz told Cheddar. “And then the workers that would have provided those goods and services for them, they lose their jobs.”
Cheddar
July 2, 2020
According to the Economic Policy Institute, infrastructure is one of the most rewarding ways for a government to spend its money economy-wise, as its “multiplier” is high: Each dollar spent produces more than a dollar’s worth of GDP growth, and the excess on this is larger for infrastructure spending than other fiscal policies.
Technician
July 2, 2020
On the other hand, critics of the deal argue that it was to blame for job losses and wage stagnation in the United States, driven by low-wage competition, companies moving production to Mexico to lower costs, and a widening trade deficit. The Center for Economic and Policy Research’s (CEPR) Dean Baker and the Economic Policy Institute’s Robert Scott argue that the surge of imports after NAFTA caused a loss of up to six hundred thousand U.S. jobs over two decades, though they admit that some of this import growth would likely have happened even without NAFTA.
Council on Foreign Relations
July 2, 2020
“Given the likelihood that states may have to re-shutter parts of their economies with the rise in cases, the job gains we saw last month may not last,” wrote Elise Gould, senior economist at the progressive Economic Policy Institute, in a preview of the jobs report. I explain why here.
The Hill
July 2, 2020
Other analyses put the numbers and percentages of low-wage employees much higher. An Economic Policy Institute report based on 2014 data suggested 30 percent of all workers in Nevada earn less than $12 per hour.
Nevada Current
July 2, 2020
Senate Democrats have released a plan to extend the extra $600 in weekly benefits for those who are unemployed. We talk to two economic experts about what impact that could have.
Scripps National News
July 2, 2020