Discover and read the best of Twitter Threads about #RecessionReady
Most recents (6)
The federal government *CAN* help the economy recover and ensure that recovery is broad-based and equitable. @equitablegrowth's @dsmitch28 lists 21 actionable policy recommendations to combat the #coronavirus #recession 👇equitablegrowth.org/twenty-one-pol… (1/x)
1. We need #UnemploymentBenefits! UI helps workers weather an economic crisis while keeping demand for goods and services from plummeting. The emphasis on work disincentives reflects racist biases against low-income workers of color. equitablegrowth.org/factsheet-unem… (2/x)
2. We need to make #UnemploymentBenefits better, by addressing structural flaws in the system, as @alixgouldwerth writes: equitablegrowth.org/fool-me-once-i… (3/x) 
.@equitablegrowth last week: The coronavirus recession highlights the importance of automatic stabilizers 1/ equitablegrowth.org/the-coronaviru…
A recession is a broad-based decline in economic activity across the country. 2/
Economic suffering is generally a result of the depressed level of economic activity, not the rate of change, and continues long after the official recession ends. 3/
A5: To effectively respond to the #coronavirus recession, U.S. policymakers must keep income flowing and pause expenses for individuals and businesses, ensuring they are ready to get back to work once the health crisis passes. #JobEquityCOVID 1/
But responding to the crisis without also making our economy more resilient against future shocks would be a mistake.
We need to address the underlying fragilities caused by economic inequality and disparate access to quality jobs. medium.com/@heatherboushe… #JobEquityCOVID 2/
We need to address the underlying fragilities caused by economic inequality and disparate access to quality jobs. medium.com/@heatherboushe… #JobEquityCOVID 2/
In this moment, we need permanent, inequality-fighting policy changes that improve the country’s safety net and work supports, and that enhance automatic fiscal stabilizers. equitablegrowth.org/u-s-economic-p… #JobEquityCOVID #RecessionReady /n
A2: There is some good news here: Gig & part-time workers are covered by #PaidSickLeave included in the March 18 bill.
They also have access to UI benefits from the $2.2T #StimulusBill passed last week and through work-sharing programs at the state level. #JobEquityCOVID 1/
They also have access to UI benefits from the $2.2T #StimulusBill passed last week and through work-sharing programs at the state level. #JobEquityCOVID 1/
Making these changes more expansive & permanent is necessary so all workers can weather this crisis. We should build in triggers so supports don’t stop until the economy recovers, and they turn back on if crisis returns
equitablegrowth.org/the-only-thing… #JobEquityCOVID #RecessionReady 2/
equitablegrowth.org/the-only-thing… #JobEquityCOVID #RecessionReady 2/
Workers will need to file an unemployment claim in the state where they worked.
Many offices will be closed due to social distancing guidelines, but laid off workers can apply online or by phone.
Here’s how: careeronestop.org/WorkerReEmploy… #JobEquityCOVID /n
Many offices will be closed due to social distancing guidelines, but laid off workers can apply online or by phone.
Here’s how: careeronestop.org/WorkerReEmploy… #JobEquityCOVID /n
The coronavirus is first and foremost a public health crisis, requiring a public health response.
It is also an economic problem— potentially a severe one.
How to help workers laid off in the coronavirus crisis, my latest in @latimesopinion
latimes.com/opinion/story/…
It is also an economic problem— potentially a severe one.
How to help workers laid off in the coronavirus crisis, my latest in @latimesopinion
latimes.com/opinion/story/…
The most urgent economic & health priority is to ensure sick workers are able to stay home w/o fear of losing their jobs or their paychecks.
Research shows #PaidSickDays can reduce transmission of the flu by 40%, yet millions of workers lack access to it voxeu.org/article/pros-a…
Research shows #PaidSickDays can reduce transmission of the flu by 40%, yet millions of workers lack access to it voxeu.org/article/pros-a…
The most straightforward way to provide sick pay is for Congress to require that all employers provide it to their employees—and the program needs to be permanent so we’re not scrambling the next time a catastrophe hits. medium.com/@heatherboushe…
There has been a lot of discussion about when #TheNextRecession is coming, given that we are in midst of the longest expansion in modern history. (1/7)
As part of this discussion, some economists have tried to get ahead of this by preparing the country to better handle the next recession (see the hashtags #RecessionReady & #TheNextRecession). (2/7)
While we recovered from the Great Recession, we could have done a much better job of providing a soft landing by strengthening automatic stabilizers. (3/7)
