Elisabeth Buchwald
Elisabeth Buchwald
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Joe Biden wants a $15 minimum wage — here’s what’s standing in his way

Joe Biden wants a $15 minimum wage — here’s what’s standing in his way

Florida, a state which President-elect Joe Biden did not win, voted in favor of achieving one of his campaign promises to raise its state minimum wage to $15 an hour from $8.56 by 2026. But when it comes to raising the federal minimum wage to $15 an hour, Biden is likely to encounter more hurdles. Even before the pandemic, in Biden’s first...Florida, a state which President-elect Joe Biden did not win, of achieving one of his campaign promises to raise its state minimum wage to $15 an hour from $8.56 by 2026. But when it comes to raising the federal minimum wage to $15 an hour, Biden is...

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Elisabeth Buchwald
Nov 10
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‘We need to do another stimulus package’: Former Obama economist tells MarketWatch what advice she would give Joe Biden

‘We need to do another stimulus package’: Former Obama economist tells MarketWatch what advice she would give Joe Biden

Without a Senate majority, President-elect Joe Biden will almost immediately have his hands tied in making key decisions about the lives of Americans when he moves into the White House in January. But Biden, like all other U.S. presidents, won’t be making those decisions alone. He’ll have a team of infectious disease experts led by Drs. David Kessler and Vivek Murthy on his , which he announced on Nov. 9. The U.S. recorded 1 million new coronavirus cases in the past 6 days, bringing the total number of COVID-19 infections to 11 million. Among other members of his cabinet, he’ll also have a...

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Elisabeth Buchwald
Nov 16
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Joe Biden wants a $15 minimum wage — here’s what’s standing in his way

Joe Biden wants a $15 minimum wage — here’s what’s standing in his way

Florida, a state which President-elect Joe Biden did not win, of achieving one of his campaign promises to raise its state minimum wage to $15 an hour from $8.56 by 2026. But when it comes to raising the federal minimum wage to $15 an hour, Biden is likely to encounter more hurdles.Even before the pandemic, in Biden’s, he promised to raise the federal minimum wage to $15 an hour if elected president. The federal minimum wage has been $7.25 an hour since 2009, which comes out to roughly $15,000 a year for someone working 40 hours a week. Like Flordia, California, Connecticut, Illinois,...

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Elisabeth Buchwald
Nov 10
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Democrats are pushing for another round of stimulus checks and $600 in weekly unemployment benefits

Democrats are pushing for another round of stimulus checks and $600 in weekly unemployment benefits

House Democrats are making another push to provide a fresh round of federally-funded unemployment benefits to replace the $600-a-week benefit that expired in July. On Monday, Democrats unveiled a scaled-down version of the HEROES Act, their proposed stimulus package that in May. Originally the package had a $3 trillion price tag. The revised version would cost $2.2 trillion.It calls for extending the $600 weekly benefit through Jan. 2021 and a second round of $1,200 direct payments to households, both of which were included in the prior version of the HEROES Act, and were part of the . The...

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Elisabeth Buchwald
Sep 30
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45 states have been approved to offer $300 extra in unemployment benefits — only 6 have started to distribute it

45 states have been approved to offer $300 extra in unemployment benefits — only 6 have started to distribute it

Unemployed people in Arizona were the first Americans to start receiving an extra $300 in weekly unemployment benefits Aug. 17 under an executive order issued by President Donald Trump, and since then, 44 other states have been approved to hand out the money — but only six are doing so. Laid-off workers shouldn’t get too used to the extra cash: it .The called for a “Lost Wages Assistance” program to distribute an additional $300 in weekly federal unemployment benefits on top of the state benefits that unemployed people typically receive. The source of that extra $300 is a $44 billion fund...

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Elisabeth Buchwald
Sep 5
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The extra $600 in weekly unemployment benefits expired — but gig workers and self-employed Americans still qualify for benefits

The extra $600 in weekly unemployment benefits expired — but gig workers and self-employed Americans still qualify for benefits

For the first time during the pandemic, , but there are likely many more Americans who qualify for unemployment benefits who didn’t apply.When the $2 trillion CARES Act passed in March, self-employed, independent contractors, gig workers and other nontraditional workers became eligible for unemployment benefits. Even though the federally-funded $600 a week in enhanced unemployment benefits, which was also part of the CARES Act, expired on July 31, these types of workers can still collect state-level unemployment benefits through the end of the year.‘There is definitely a chance that the...

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Elisabeth Buchwald
Aug 14
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The push for universal basic income is gaining momentum amid the pandemic

The push for universal basic income is gaining momentum amid the pandemic

Amid a pandemic that has killed more than 649,000 worldwide, health experts are urging people to stay home and/or limit travel and maintain social distancing. But for many people, doing so means jeopardizing their income.To that end, groups advocating payments to help people make ends meet and provide support to improve their long-term economic health say the COVID-19 pandemic has increased momentum.“People have a clear sense of why people are on the brink due to a situation that’s not anyone’s fault,” said Ioana Marinescu, a University of Pennsylvania economics professor who has studied...

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Elisabeth Buchwald
Jul 27
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Ending extra $600 in unemployment benefits will impact 20 million Americans and cut spending by $842 billion, says government agency

Ending extra $600 in unemployment benefits will impact 20 million Americans and cut spending by $842 billion, says government agency

Since the $2.2 trillion stimulus package CARES Act passed in March, Americans who lost their jobs have been able to collect an additional $600 a week in unemployment benefits on top of what their states have distributed.That extra money is set to expire at the end of next month if lawmakers fail to act.Related:The boost in unemployment benefits “was a really important thing to do when we were closing the economy back in March,” Labor Secretary Eugene Scalia said Wednesday on CNBC. “I don’t think that the $600 benefit is the answer going forward,” he added.Josh Bivens, director of research...

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Elisabeth Buchwald
Jun 27
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Why do so many Americans refuse to wear face masks? Politics is part of it — but only part

Why do so many Americans refuse to wear face masks? Politics is part of it — but only part

When Delaware International Speedway, a raceway in Delmar, Del., reopened to spectators earlier this month, attendees were forewarned that they had to wear face masks.“As a part of the agreement for opening with the State of Delaware those social distancing measures are still in place as well as, masks must be worn by all spectators,” according to the stadium’s official policy.Those who choose not to wear masks, may feel a sense of solidarity, like they’re taking a stand against authority.However, pictures from the first race held on June 6 showed that many spectators did not abide by the...

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Elisabeth Buchwald
Jun 17
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‘This could be abused.’ Privacy experts take cautious approach to Apple and Google’s coronavirus contact-tracing technology

‘This could be abused.’ Privacy experts take cautious approach to Apple and Google’s coronavirus contact-tracing technology

Googleand Appleannounced last week that new COVID-19 contact-tracing technology could help to flatten the curve of new infections and help reboot the U.S. economy.But will Americans’ data live on indefinitely?Already, the COVID-19 pandemic has taken the lives of at least 27,085 people in the U.S., and infected more than 614,482. Health experts have identified three key ways to decelerate the spread of the virus: social distancing, testing and “contact tracing.”Contact tracing has played a significant role in flattening the curve in South Korea, where there were 10,591 confirmed cases of...

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Elisabeth Buchwald
Apr 16
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After watching surgeon general’s Twitter video on face masks, doctor sent him research on the best materials to use

After watching surgeon general’s Twitter video on face masks, doctor sent him research on the best materials to use

After a reversal late last week, the U.S. Centers for Disease Control and Prevention recommends that all AmericansTo preserve the supply of N95 and surgical masks for health-care workers treating patients who have contracted COVID-19, the disease caused by the new coronavirus, the CDC has advised all Americans to instead wear “cloth face coverings in public settings where other social distancing measures are difficult to maintain.” Examples include grocery stores and pharmacies, the CDC says.Scott Segal, chairman of anesthesiology at Wake Forest Baptist Health in North Carolina, studies the...

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Elisabeth Buchwald
Apr 8
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