A look at China’s entry into WTO: AAF trade policy director Jacqueline Varas estimated that U.S. job losses associated with the “shock” of China’s entry into the World Trade Organization likely ended in 2010, “as global trade flows fully adjusted.” It concluded that every 1 percentage point increase in imports over that six-year period led to a 0.07 percent increase in jobs.
That contrasts with findings of the Economic Policy Institute, which calculated in 2018 that China’s entry into the WTO had cost 3.4 million U.S. jobs since 2001.
Politico
May 12, 2020
Last month, the Economic Policy Institute estimated that 12.7 million people had already lost their employer-based health insurance.
Salon
May 12, 2020
For example, Max B. Sawicky, a former economist at the Economic Policy Institute, said at a 2013 forum on UBI proposals that “like good fiction, the way to read the UBI is not as a real proposal, but as a message about … our existing system. But the implicit critique of the existing system underlying the UBI is not well founded.”
Business News Daily
May 12, 2020
The sheer size of the crisis: “The number of workers who swiftly lost work in April is beyond belief”, said Nick Bunker of Indeed Hiring Lab. A recent finding by the Economic Policy Institute found that for every for every 10 people who successfully applied for unemployment, another three to four people gave up because they could not get through their state’s system to make a claim.
Click Lancashire Independent News
May 12, 2020
The average annual cost of child care in Mississippi is $5,436, according to Economic Policy Institute. Five million dollars could have paid for a year’s worth of child care for 920 low-income families so they could go to work.
Mississppi Today
May 12, 2020
The shutdown of the economy from the COVID crisis has created the biggest economic calamity since the Great Depression, throwing over 30 million workers onto the unemployment rolls in just six weeks and pushing the unemployment rate toward 20 percent. For more than 40 percent of these people (12.7 million according to the Economic Policy Institute), a lost job means loss of health insurance and few resources to purchase coverage to protect their families.
Life Science Leader
May 12, 2020
The figures are stark. Inflation-adjusted pay for chief executives at the largest U.S. companies climbed 940% between 1978 and 2018, the Economic Policy Institute found, using the more conservative of two methodologies, in a report published last year. The S&P rose about 700% over the same period. Worker wages, meanwhile, increased by less than 12%.
Bloomberg
May 12, 2020
In the article “Social Distancing is a Privilege” by Charles M. Blow, Blow makes the point that, despite how the spread of COVID-19 is being portrayed in the news, poor and working-class Americans are violating shelter in place orders out of necessity. He states that the reason for this is being due to the inability, not an unwillingness to practice social distancing. Citing statistics from 2 major American cities he points out a statistical correlation between deaths from the virus and race. Though it’s addressed in passing Blow asserts an intersection at race and poverty in America. Blow also notes that in an article by the Economic Policy Institute only 9.2% of workers in the lowest quartile can work from home compared to 61.5% of those in the highest quartile. Another important factor in this, he says is not having access to private transportation which, like social distancing, is a luxury. Blow also believes there is a lack of empathy for those who have to work during a shelter in place which stems from a greater lack of empathy towards the poor in America.
The Arapahoe Pinnacle
May 12, 2020
A report from the Economic Policy Institute published last month found that for every 10 people trying to apply for unemployment, three to four couldn’t get through the system to make a claim, and another two out of 10 said the process was too complicated to try. Taken together, the study suggests, millions of unemployed people have been effectively locked out of filing claims.
The Markup
May 12, 2020
KAKE News
May 12, 2020