From the Economic Policy Institute (http://www.epi.org/):
A note from EPI’s Kirstyn Flood: Millions of workers, desperate for relief, continue to file for unemployment insurance as the additional $600 per week COVID benefit comes to an end. EPI experts unpack the myths and facts about this benefit and explain why extending this benefit is so crucial.
One of the most crucial provisions of the last coronavirus relief act was to provide an extra $600 weekly increase in unemployment benefits to the tens of millions of Americans who are currently out of work. Now the White House and many Republican policymakers want to let it expire or reduce it dramatically. But that would be a terrible mistake, and EPI economist Heidi Shierholz explains why:
- Unemployment is at historic levels.
- Unemployed workers need extra assistance during the pandemic.
- Cutting off the $600 benefit will make racial inequality worse.
- Cutting off the $600 benefit will kill millions of jobs.
- Cutting off the $600 benefit will not be an incentive to work. Read the blog post »
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