From Economic Policy Institute <[email protected]>
Subject Millions of jobs will be lost to coronavirus: What policymakers need to do now
Date March 18, 2020 5:52 PM
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A note from EPI's Kirstyn Flood ([link removed]) : As we try and settle in to a life of “social distancing” and reduced work hours, it’s becoming increasingly harder to separate economic fact from fiction. This newsletter recaps EPI’s latest research-based insights on how to buffer the economic impact of the coronavirus at the national and state and local levels, and on the need for paid sick days. For more recent posts on the impacts and responses to the coronavirus, click here ([link removed]) .


** Coronavirus shock could claim 3 million jobs by summer ([link removed])
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To help stem the estimated 3 million jobs lost due to cratering household consumption by summertime, Congress must act big and fast, urges EPI’s Josh Bivens. Policymakers can mitigate job losses and help businesses weather the economic shock with a macroeconomic stimulus package large enough and well-targeted enough to fill in the substantial COVID-19‒induced hole in demand. Read the blog post » ([link removed])
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** Check out more COVID-19 news, analysis, and trends you need to know:
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** The coronavirus pandemic requires state and local policymakers to act, in addition to demanding a strong federal response ([link removed])
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As federal lawmakers consider initial legislation to combat some of the public health and economic dangers posed by the COVID-19 pandemic, state and local policymakers must act to slow the spread of the virus and mitigate the economic toll that the crisis will take ([link removed]) on state and local economies. Possible steps include emergency waivers to quickly expand eligibility for Medicaid, increased funding for state unemployment insurance systems, expanded worksharing programs, and many others. Read the blog post » ([link removed])
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Economist Elise Gould explains the need for paid sick leave during the coronavirus pandemic. Watch the video » ([link removed])


** COVID-19 pandemic makes clear that we need national paid sick leave legislation ([link removed])
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The COVID-19 pandemic continues to highlight the costs of economic inequality in the United States. There’s the inequality in access to paid sick days and health insurance between high- and low-wage earners ([link removed]) . There’s the inequality in the ability to work from home across sectors, with workers in one of the most exposed sectors—leisure and hospitality—being the least likely to have the ability to work from home ([link removed]) . And there will be inequality in the economic impact of the pandemic, as leisure and hospitality workers are at higher risk of reduced work hours or losing their jobs ([link removed]) as travel and dining out grind to a halt. Read the blog post »
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** Senate coronavirus bill is crucial—but it’s a fraction of what’s needed ([link removed])
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Family First Coronavirus Response Act is an important first step in the United States’ response to the COVID-19 pandemic, and the Senate should pass it immediately. There are provisions for both health spending and paid sick leave, as well as income supports in the form of expanded food-assistance programs and unemployment insurance. Read the blog post » ([link removed])


** To read more about COVID-19, and a host of issues impacting the labor market and the economy, sign up for EPI News here ([link removed]) .
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