Media clips
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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 Galesburg Register-Mail May 5, 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 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 shelter in place which stem from a greater lack of empathy towards the poor in America.
The Arapahoe Pinnacle May 5, 2020 -
The Economic Policy Institute estimates that over 12.7 million workers lost employer-provided health insurance as of April 30, and that number is sure to rise.
The American Prospect May 5, 2020 -
“We’ve probably peaked in terms of retirement security — and it’s not great,” Monique Morrisey of the liberal-leaning Economic Policy Institute tells Englund. “And now it’s all downhill. Unless something changes, we’re going to start seeing much more hardship.”
The Fiscal Times May 5, 2020 -
And the people who benefit from 401(k)s most are those who are shielding assets from taxation, said Dan Doonan, head of the National Institute on Retirement Security. Despite limits on contributions, 401(k)s and similar accounts actually increase wealth disparities, the Economic Policy Institute found. “We give the biggest benefit to people who need it the least,” said Monique Morrissey of EPI.
The Washington Post May 5, 2020 -
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 Galesburg Register-Mail May 5, 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 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 shelter in place which stem from a greater lack of empathy towards the poor in America.
The Arapahoe Pinnacle May 5, 2020 -
The Economic Policy Institute estimates that over 12.7 million workers lost employer-provided health insurance as of April 30, and that number is sure to rise.
The American Prospect May 5, 2020 -
“We’ve probably peaked in terms of retirement security — and it’s not great,” Monique Morrisey of the liberal-leaning Economic Policy Institute tells Englund. “And now it’s all downhill. Unless something changes, we’re going to start seeing much more hardship.”
The Fiscal Times May 5, 2020 -
And the people who benefit from 401(k)s most are those who are shielding assets from taxation, said Dan Doonan, head of the National Institute on Retirement Security. Despite limits on contributions, 401(k)s and similar accounts actually increase wealth disparities, the Economic Policy Institute found. “We give the biggest benefit to people who need it the least,” said Monique Morrissey of EPI.
The Washington Post May 5, 2020