In New York, COVID-19 kills Hispanic/Latinos at 1.6 times the rate of whites, the foundation’s research found. In other regions of the U.S., Hispanic/Latinos and black are also more likely to work in low-wage jobs that suffer high rates of layoffs, or limit their ability to work remotely, according to data from Economic Policy Institute Economist and former U.S. Department of Labor Chief Economist Heidi Shierholz in a New York Times study.
Oroville Mercury-Register
April 27, 2020
For decades, the Economic Policy Institute (EPI) has been charting wages and wealth in this country. For example, here are nine charts EPI released about American wages and income inequality back in 2015, well before Donald Trump’s election; as we can see, they make two key points about conditions under Trump’s predecessors:
Breitbart
April 27, 2020
The story is similar for Blacks. Nationally, only 16.2 percent of Hispanic workers and 19.7 percent of Blacks can telework, according to the Economic Policy Institute.
City Limits
April 27, 2020
He is the author of 13 books, most recently, “The Crisis of Connection and the Pursuit of Our Common Humanity,” with co-authors Niobe Way, Carol Gilligan and Alisha Ali, and he has published more than 200 articles and monographs. Among his many honors, Noguera is an elected member of the National Academy of Education. He serves on the boards of numerous national and local organizations, including the Economic Policy Institute, and appears as a regular commentator on educational issues in national news media outlets. His commentaries on educational issues have been published in media including the New York Times, Washington Post, Wall Street Journal and HuffPost.
UCLA
April 27, 2020
The new figure suggests the unemployment rate is approaching the 25 percent peak recorded in 1933 during the Great Depression. Heidi Shierholz, senior economist at the left-leaning Economic Policy Institute, estimates unemployment is now at 18.3 percent, and an analysis by POLITICO’s Andrew McGill concludes that 16 percent of American workers have sought unemployment benefits since mid-March. “It will take several more weeks before claims drop below one million,” says Ian Shepherdson, chief economist at Pantheon Macroeconomics.
Politico
April 27, 2020
Historically, every one percentage point increase in unemployment results in a $40 billion decrease in state revenue. Using this rule of thumb and combining local revenues, the Economic Policy Institute has estimated that states and cities will need at least $500 billion in additional aid to get through next year without savage cuts. The federal government has the ability and capacity to borrow this money to step in and support our states and cities. If we want to prevent a painful recovery from the COVID-19 crisis we need to get the needed funds to state and cities so they don’t cut spending to many essential areas.
The Hill
April 27, 2020
According to analysis from the left-leaning Economic Policy Institute, the average CEO in the 350 top businesses in the U.S. averaged compensation of $17.2 million in 2018, up 1,008% since 1978 and 278 times the average salary of workers. According to the Institute for Policy Studies, it would take a worker 1,000 years to equal the compensation of one year for a CEO at one of the 50 public companies with the widest pay gaps.
MarketWatch
April 27, 2020
Women make up a majority of workers in some industries that have been hit hardest, such as health care, where many jobs outside hospitals have been lost, and hotels and restaurants. Heidi Shierholz, an economist at the progressive Economic Policy Institute, calculates that 56% of the layoffs have involved women.
The Daily Jeff
April 27, 2020
Over the past month, nearly 22 million workers filed unemployment claims, and nearly all of the jobs gained in the last five years have been lost. In addition, the Economic Policy Institute estimates that 19.8 million workers will lose their jobs or be furloughed by summer, and that the national unemployment rate will be well above 15 percent by July.
Sen. Kirsten Gillibrand
April 27, 2020
I asked Jeff Faux, a founder of the Economic Policy Institute, about my numbers. ‘“At least 20 percent”’ is certainly reasonable, indisputable, I think,” Faux replied. “Given those who don’t qualify for UI [unemployment insurance] or otherwise don’t get picked up, it is a most probably an undercount.”
Elise Gould, another EPI economist, noted that “the latest UI claims data from today, these job losses translate into an unemployment rate of 18.3%. But that doesn’t tell the whole story” which you can read here.
Raw Story
April 27, 2020