Here's how much stimulus is actually needed to avoid a jobs disaster - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The Republicans' $1 trillion proposal isn't nearly enough — here's what economists say it should be to avoid a jobs catastrophe

Still, Heidi Shierholz, director of policy at the Economic Policy Institute, said in an email to Business Insider that it's "impossible" to estimate how much stimulus is needed to bring the country to full employment.

Shierholz said she recommends policy makers keep the $600 weekly top-up and phase it out only as jobs begin to rebound. This idea, called an "automatic stabilizer," would remove the need for congressional action to alter the unemployment situation as it develops.

She told Business Insider that the provision could form part of a spending package ranging from $4 trillion to $6 trillion that she believes is needed to smother the coronavirus and set the stage for an economic recovery. Sahm said priorities for lawmakers should include extending aid to cash-strapped states, maintaining the enhanced unemployment insurance, and providing stimulus checks for people during the pandemic.

"State and local governments are in a complete budget crisis," Sahm said, adding that plugging their budget shortfalls would be critical to stabilizing the economy."Passing emergency relief legislation that incorporates automatic triggers would have the enormous benefit of ensuring assistance continues to flow to workers even if Congress itself is unable or unwilling to act," Rep.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

The 12 remote jobs everyone in Europe wants right now - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

US stocks decline as stimulus negotiations heat up and earnings miss hopes | Markets InsiderUS stocks closed down on Tuesday as investors mulled Senate Republicans' coronavirus stimulus package and a slew of earnings reports. The GOP co... This is just the beginning folks. I'd cash out if I were yall
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

US stocks rise as tech trades higher, investors await stimulus bill | Markets InsiderUS stocks rose on Monday as investors looked to major earnings on deck this week and awaited the release of the GOP's coronavirus stimulus plan.... Meanwhile, their customers are getting screwed.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »