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Tag Archives: unemployment insurance

The Republican Economic Plan Is an Insult

So 10 Republican senators are proposing an economic package that is supposed to be an alternative to President Biden’s American Rescue Plan. The proposal is only a third of the size of Biden’s plan and would in important ways cut the heart out of economic relief.Republicans, however, want Biden to give in to their wishes in the name of bipartisanship. Should he?No, no, 1.9 trillion times, no.It’s not just that the G.O.P. proposal is grotesquely inadequate for a nation still ravaged by the...

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An Employment Insurance system for the 21st century: Lesson 2, The future of work calls for better income insurance

The 2020 Speech from the Throne boldly claims that “This pandemic has shown that Canada needs an [Employment Insurance] system for the 21st century, including for the self-employed and those in the gig economy.” That is a tall order, a major overhaul of a complicated program in the span of the next couple of months, with little or virtually no consultation of stakeholders or engagement of experts outside of the government. Will Minister Qualtrough, her cabinet colleagues, and of...

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El asalto al Capitolio comenzó a fraguarse hace décadas

Un aspecto sorprendente del putsch (golpe de Estado en alemán) en el Capitolio fue que ninguna de las demandas de los asaltantes estaba afincada en la realidad.No, la elección no fue robada, no hay evidencia de un fraude electoral significativo. No, los demócratas no forman parte de una conspiración pedófila satánica. No, no son marxistas radicales, incluso, en cualquier otra democracia occidental, se consideraría que el ala progresista del partido solo se inclina de manera moderada a la...

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2020 Was the Year Reaganism Died

Maybe it was the visuals that did it. It’s hard to know what aspects of reality make it into Donald Trump’s ever-shrinking bubble — and I’m happy to say that after Jan. 20 we won’t have to care about what goes on in his not-at-all beautiful mind — but it’s possible that he became aware of how he looked, playing golf as millions of desperate families lost their unemployment benefits.Whatever the reason, on Sunday he finally signed an economic relief bill that will, among other things, extend...

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The Ghost of Sabotage Future

The not-a-stimulus deal Congress reached over the weekend — seriously, this is about disaster relief, not boosting the economy — didn’t come a moment too soon. Actually, it came much too late: Crucial aid to many unemployed Americans and businesses expired months ago. But now some of that aid is back, for a while.True, the aid will be less generous than it was in the spring and summer: $300 a week in enhanced unemployment benefits, rather than $600. But because the workers still out of a job...

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Return of the Phony Deficit Hawks

It looks as if Congress will soon pass a much-needed economic relief (not stimulus) bill — something that will help distressed Americans get through the next few months, while we wait for widespread vaccination to set the stage for economic recovery. That’s good news, because something is better than nothing, even though what we know about the legislation says that it’s going to be deeply flawed.But the way this debate has been playing out is ominous for the future. Even some of the good guys...

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Trump Tries to Kill Covid Relief

The next few months will be terrible. Several thousand Americans are now dying from Covid-19 every day; given the lag between cases and deaths, the daily toll will almost certainly rise through the end of this year, and if people are careless over Christmas it could surge even higher in the new year. Economic recovery has stalled, with employment still down almost 10 million from pre-pandemic levels.The most we can hope for at this point are policies that mitigate the suffering, getting us...

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Social Policy, Now: Next steps for income support and income insurance in Canada

Three next steps for social policy involve: 1. Maximizing auto-enrollment and just-in-time program delivery; 2. Offering full income support with engagement; and 3. Offering broad income and earnings insurance with agency. In this post I introduce the detailed discussion of these proposals that you can also download. On March 24th, 2020 the Government of Canada Tabled Bill C-13, “An Act respecting certain measures in response to COVID-19,” in the House of Commons, and the next day...

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Labor Market Recovery Begins when States Begin to Open

The first chart below is an estimate of weekly US employment per adult.  It suggests that the bottom was the week ending May 7, and that a recovery may have begun. The estimated recovery may not look large on the scale of the current depression, but it is about 7.5 million employees above May 7 and 3 million employees above late April.  Note that the entire recovery from the 2008-9 recession was "only" 7 million employees above population growth and took ten years rather than a week or...

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Notes on 2020 CARES Act, in reading order

Note that this law is just one of multiple new COVID-19 relief laws.  These are my notes on the labor market provisions in the law, which are all of Titles I and II, and parts of Title III. Title I KEEPING AMERICAN WORKERS PAID AND EMPLOYED ACT A.k.a., 7(a) loans "Loans" to small businesses that maintain their payrolls Payroll does not include any payments to employees making $100K+ annually The loan amount is capped by the prorated amount of payroll for the prior year The loans can be...

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