According to the Economic Policy Institute, the policy could result in 52,600 fewer green cards if it stays in place for 60 days. If extended for a whole year, that could lead to 316,000 fewer green cards.
The Gainesville Times
May 27, 2020
• Energy efficiency – The Economic Policy Institute, a national nonpartisan think tank, found that $50 billion in building retrofits and smart grid investments would support 445,000 jobs across the United States, or 8.9 jobs per $1 million invested.
Central Jersey
May 27, 2020
Congressional Research Service reported July 23, 2019, that cumulative percent change during 1979-2018 in real wages for households in the top 10% of the income distribution was 37.6%, while for the middle- and low-income households it was 1.6% and 6.1%, respectively. Men in the middle and low income lost and women gained real wages. Household income for the top 1% increased 229% while the bottom 90% gained only 46% for the years 1979-2015 (Economic Policy Institute (EPI), March 27, 2019). Wage inequality is the driving force for income inequality. Using census data, Utah Workforce Services reports that Utah’s income inequality index (Gini coefficient) declined during 2014-2017 but has increased since 2017.
The capitalist system, supported by technological revolution and globalization, lately has not generated an economic system where all Americans have shared in private sector prosperity and growth in productivity. Real wages have diverged from productivity since the ’70s. EPI reports that cumulative percentage change in productivity from 1979 to 2017 was 70.3%, while hourly compensation grew only 11.1%. It is the responsibility of the government and the private sector to ensure jobs’ growth, with wage growth commensurate with increase in productivity. The gig economy, with more part-time workers and contract workers, and more self-employed (not by choice), is not a healthy sign of a growth economy, higher standard of living and happiness.
Standard Examiner
May 27, 2020
A survey conducted by the Economic Policy Institute found from March 22 to April 18 between 7.8 million to 12.2 million Americans could not apply for unemployment benefits because they could not get through the system to do so or were discouraged by difficulties
Shadow Proof
May 27, 2020
Young European workers, who have staffed many U.S. resorts, are staying home. Visa processing for U.S. work and travel visas at consulates abroad has basically shut down everywhere, except for farmworkers, according to Daniel Costa, director of immigration law and policy research for the Economic Policy Institute.
Bloomberg
May 27, 2020
What they’re saying: “We don’t know how many people have fallen off unemployment because they got rehired,” Heidi Shierholz, an economist at the Economic Policy Institute, tells Axios.
- But continued claims show that “on net we’re still seeing a deterioration” in the labor market, Shierholz says.
Axios
May 27, 2020
In normal times, the seasonal adjustments help smooth out the data and provide a clearer picture. But in a crisis such as this one, adjustments can distort what’s really going on, said Heidi Shierholz, senior economist and director of policy at the Economic Policy Institute.
CNN
May 27, 2020
O’Flaherty’s model relied on homelessness data in an earlier study published by the Journal of Housing Economics in 2017, which found that every 1% increase to the unemployment rate corresponded with the homelessness rate rising by 0.65 per 10,000 people. The analysis used unemployment projections from the Economic Policy Institute, which predicted a 15.6% rate by July, and the Congressional Budget Office, which similarly projected a 16% unemployment rate by the summer.
Salon
May 27, 2020
Heidi Shierholz, a senior economist at the Economic Policy Institute, said the speed of the US recovery depended on how much stimulus was put into the economy by the government.
“That is a choice,” Shierholz said. “One of the things that made the recovery from the Great Recession so bad, so weak, is that we state and local governments didn’t get the aid that they needed to not have to make substantial cuts that hamstrung the economy.”
Shierholz said the federal government could keep the same thing from happening this time by making sure unemployed people would have benefits and businesses would have help to stay afloat even if they aren’t fully open.
If the government does those things, “when the economy does reopen, there’ll be demand and confidence in the economy to get a quick bounce back,” Shierholz said.
Business Insider
May 27, 2020