One likely consequence of the failure by the political sector to agree on an additional round of fiscal aid will be further job losses. In our estimation, the hole blown in state and local balance sheets demands a $500 billion aid package to avoid laying off public sector workers including teachers, fire ... READ MORE >
job losses
Pandemic economics: Prospects for permanent job losses rising
Just as the coronavirus pandemic is forcing profound changes in the way Americans live and behave, it will also likely prove to be a catalyst for permanent changes in the economy and labor force. The long-term damage to the economy is already reshaping notions of where we work, how we work and how ... READ MORE >