The Coronavirus Aid, Relief, and Economic Security Act (CARES) is big\u2014but not big enough to protect working people. Economist Heidi Shierholz joins the show to explain where CARES falls short, and to recommend the safeguards we need to include in future bailout packages.<\/p>
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Heidi Shierholz is a Senior Economist and Director of Policy at the Economic Policy Institute. Her team monitors wage and employment policies coming out of Congress and the administration, and advances a worker-first policy agenda.\u00a0<\/p>
Twitter: @hshierholz<\/a><\/p> @EconomicPolicy<\/a><\/p> (News clip from FOX 17 VXMI)<\/p> Further reading:\u00a0<\/p> Despite some good provisions, the CARES Act has glaring flaws and falls short of fully protecting workers during the coronavirus crisis: https:\/\/www.epi.org\/blog\/despite-some-good-provisions-the-cares-act-has-glaring-flaws-and-falls-short-of-fully-protecting-workers-during-the-coronavirus-crisis\/<\/a><\/p> A widening toll on jobs: \u2018This thing is going to come for us all\u2019: https:\/\/www.nytimes.com\/2020\/04\/02\/business\/economy\/coronavirus-unemployment-claims.html<\/a><\/p> Does the stimulus package pass the test? https:\/\/civicskunk.works\/does-the-stimulus-package-pass-the-test-a070bf4922dc<\/a><\/p> 3.5 million workers likely lost their employer-provided health insurance in the past two weeks: https:\/\/www.epi.org\/blog\/3-5-million-workers-likely-lost-their-employer-provided-health-insurance-in-the-past-two-weeks\/<\/a><\/p> Nearly 20 million workers will likely be laid off or furloughed by July: https:\/\/www.epi.org\/blog\/nearly-20-million-jobs-lost-by-july-due-to-the-coronavirus\/<\/a><\/p> The CARES Act\u2019s aid to state and local governments isn\u2019t enough to shield vital public services from the coronavirus shock: https:\/\/www.epi.org\/blog\/the-cares-acts-aid-to-state-and-local-governments-isnt-enough-to-shield-vital-public-services-from-the-coronavirus-shock-lessons-from-the-great-recession-tell-us-why\/<\/a><\/p> States get billions in record stimulus - but say it\u2019s not enough: https:\/\/www.politico.com\/states\/new-york\/albany\/story\/2020\/03\/26\/states-get-billions-in-record-stimulus-but-say-its-not-enough-1269230<\/a><\/p> Here are safeguards needed in bailout packages to protect working people and fight corporate greed: https:\/\/www.epi.org\/blog\/any-industry-bailout-package-must-include-meaningful-protections-for-working-people-and-guardrails-against-corporate-greed\/<\/a><\/p> A portrait of disaster: https:\/\/www.epi.org\/press\/a-portrait-of-disaster-initial-ui-claims-jump-from-211000-to-6-6-million-in-three-weeks\/<\/a><\/p> Policymakers twice missed the chance to avert widespread job loss, now they should act to avoid more layoffs: https:\/\/www.epi.org\/blog\/policymakers-twice-missed-the-chance-to-avert-widespread-job-loss-now-they-should-act-to-avoid-more-layoffs\/<\/a><\/p> Congress \u201cCARES\u201d for wealthy with COVID-19 tax policy provisions: https:\/\/itep.org\/congress-cares-for-wealthy-with-covid-19-tax-policy-provisions\/<\/a><\/p> Website: http:\/\/pitchforkeconomics.com\/<\/a><\/p> Twitter: @PitchforkEcon<\/a><\/p> Instagram: @pitchforkeconomics<\/a><\/p> Nick\u2019s twitter: @NickHanauer<\/a><\/p>\n \n
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