As of Friday, more than 30 million people have reportedly filed for unemployment in the last six weeks, according to CNET. That number could be even higher, after a survey from the Economic Policy Institute estimated that roughly 14 million additional people would have filed for unemployment if the process was easier. While there has been a spike in layoffs and furloughs, which has led to a backlog of applications, there are apps to help make the process slightly easier for those in need.
Pop Culture
May 5, 2020
Third, supporters argue that socialism would greatly reduce the stark inequalities of income that we find in capitalist countries like the United States, where CEOs are compensated at up to 278 times the rate of average workers, as one recent Economic Policy Institute study found. In the Mondragón cooperatives in Spain, which are owned and controlled by their workers, the ratio between highest- and lowest-paid is closer to 5:1.
Teen Vogue
May 5, 2020
Throughout the pandemic, Black and Hispanic workers have been less likely than workers of any other race or ethnicity to be able to work from home, according to the Economic Policy Institute, in part because the former are overrepresented in jobs the government has deemed essential.
The Huffington Post
May 5, 2020
The number of unemployed people could be even higher than the numbers reflect. Research by the left-leaning Economic Policy Institute found that from March 15 to April 18, another 8.9 to 13.9 million more people would have applied for unemployment if the process had been easier or if labor agency phone lines and websites had not been perpetually tied up. It’s unclear how many of those millions have managed since April 18 to successfully apply for benefits.
Next City
May 5, 2020
Heidi Shierholz, former chief economist at the Labor Department, said she sees the current frustrations as the continuation of a 40-year-trend of workers losing bargaining power. She said many were right to feel underpaid before the pandemic began; now the risk makes their earnings feel like an insult.
“We had an extremely unbalanced system before, where the growth of the economy has been captured largely by the people at the top, and not broadly shared, for decades,” said Shierholz, now the policy director at the left-leaning Economic Policy Institute. “Policymakers should absolutely be stepping in and making sure these workers have hazard pay.”
The Huffington Post
May 5, 2020
Another privilege denied disproportionally to Black people is the ability to work remotely to protect themselves, their families and their communities from the spread of COVID-19. According to the Economic Policy Institute, only 1 in 5 Black employees are able to telework. Those who are keeping America running right now — those on the front lines of this pandemic such as grocery store clerks, home health aides and warehouse employees — are more likely to be Black. What choice do these folks have but to show up for work? Having to make the crucial decision of risking your life while living paycheck to paycheck is largely falling on Black Americans.
The DC Line
May 5, 2020
The Economic Policy Institute reported that for every 10 people who successfully filed for unemployment over the last month, three to four others tried to apply but couldn’t get through the system, and another two people were unable to because the process was too difficult.
The Independent
May 5, 2020
Not to mention the effect the loss of employment, and the resulting financial stress, is having on millions. This week, the number of jobless claims increased by 3.84 million, bringing the unemployment tally to a whopping 30.3 million, which experts say is an undercount. “The Economic Policy Institute earlier this week estimated that the current claims level probably undercounts by as much as 12 million those who are eligible for benefits but not getting them due to the inability to file or other roadblocks,” reports CNBC.
The Patriot Post
May 5, 2020