Matthew Yglesias

@mattyglesias ↗

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Last Checked May 21, 2020

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Thu May 21 13:08:04 +0000 2020

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Matthew Yglesias @mattyglesias

The upshot is that so far we haven't had the kind of huge waves of people unable to pay the rent or otherwise tipped into severe deprivation that you would normally expect from Depression-scale unemployment. Problem is those benefits are scheduled to expire this summer. — PolitiTweet.org

Posted May 21, 2020 Hibernated

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Matthew Yglesias @mattyglesias

For sort of obvious reasons nobody wants to write articles that are like "dentists and other high wage service providers are hardest hit," but I think a lot of coverage thus far has obscured the extent to which CARES Act bonus UI has successfully protected many from income loss. — PolitiTweet.org

Posted May 21, 2020 Hibernated

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Matthew Yglesias @mattyglesias

Unless the labor market gets way better really really really fast we're going to have millions of vulnerable households hitting an income wall that clobbers their living standards (and "the economy") absent additional congressional action. — PolitiTweet.org

Posted May 21, 2020 Hibernated