Elise Gould, a senior economist with the Economic Policy Institute, said some might not see the money until mid-summer.
“There’s going to have to be a way to collect their information, and that process could take a couple months,” Gould said.
April 15, 2020
“Maybe there will be a cultural shift,” said Elise Gould, senior economist at the progressive Economic Policy Institute. “I see it as a great opening to try to (provide) those labor protections that low-wage workers didn’t have before.’’
Gould notes that the government’s suddenly expanded role now in distributing relief checks, expanding health benefits and sick leave and supplementing state unemployment aid would make it easier to extend such programs even after a recession has ended. Doing so could have the longer-term effect of reducing financial inequalities.
Associated Press
April 15, 2020
Nonpartisan think tank the Economic Policy Institute estimated this month that nearly 20 million Americans could either be furloughed or laid off by July. The group predicted that Florida’s unemployment rate will reach 15.5% that month, with 1,621,074 unemployed.
Florida Herald Tribune
April 15, 2020
“The American people are going to need more,” said Heidi Shierholz, senior economist at the Economic Policy Institute and former chief economist at the Labor Department.
“If they don’t get more aid, they’re going to have to drastically cut spending in many, many different places,” Shierholz said of state governments. “So we need to get out substantial additional aid to the states to make sure that doesn’t happen, that would massively delay the recovery.”
Cronkite News
April 15, 2020
The Economic Policy Institute estimated in a report published on April 2 that about 3.5 million workers likely lost their employer-provided health insurance in the preceding two weeks.
The Hill
April 15, 2020
Since many industries hit hard by the coronavirus — such as retail, service and hospitality — often don’t provide health insurance, it’s unclear how many of those 17 million people lost employer-provided coverage. But a study from the Economic Policy Institute released last month estimated that 3.5 million Americans were at high risk of losing their health insurance in the last two weeks of March alone.
Law 360
April 15, 2020
One analyst predicts that the disruption to businesses from coronavirus could lead to 15,000 permanent retail store closures in 2020. The Economic Policy Institute predicts that the disease outbreak could potentially wipe out three million jobs from the U.S. economy before this summer. Read that again. 3 million jobs. Small business owners are being absolutely crushed.
Thrive Global
April 15, 2020
The most recent estimates from the Washington-based Economic Policy Institute, dated April 1, suggest that as many as 779,000 people in Illinois could be out of work by July, which would boost the state’s unemployment rate to 15.6%.
Herald Review
April 15, 2020