Study: Strict COVID measures hurt Washington state’s economy | KPVI

Study: Strict COVID measures hurt Washington state’s economy | KPVI

In The News

Study: Strict COVID measures hurt Washington state’s economy | KPVI

Washington state’s harsh measures to combat the COVID-19 pandemic had a negative impact in terms of job losses and recovery from those losses, according to a new report put out by the Georgia Center for Opportunity (GCO), without the hoped-for decline in hospitalizations and deaths from the virus.

As the pandemic began to hit the U.S. in early 2020, state governments – including Washington state – imposed economic restrictions such as business closures, stay-at-home orders, school closures, gathering restrictions, and capacity limits at certain establishments like restaurants. The severity of such orders varied by state.

The detailed, highly-technical 510-page study, “Assessing Each State’s Response To The Pandemic: Understanding The Impact On Employment & Work,” was released on Dec. 3. It compares two different indexes measuring the severity of government actions in responding to the pandemic: the Abridged Oxford Stringency Index (AOSI) and the Government Severity Index (GSI).

“Washington ranked #1 in the GSI but #14 in the AOSI, but more severe than either [Iowa] or [Minnesota] ,” Erik Randolph, the GCO’s director of research and author of the report, wrote in an email to The Center Square. “The results suggest that [Washington] – that had one of the strongest pre-pandemic job growth (i.e., 2.6% per the 12 months prior) could have saved more jobs. The estimated economic impact for [Washington] is 46,700 for each SD movement.”

Study: Strict COVID measures hurt Washington state’s economy | KPVI

Can Cash Payments Help Atlanta’s Poor? | AJC

In The News

Can Cash Payments Help Atlanta’s Poor? | AJC

Almost three years ago, a simple yet radical experiment was begun in Stockton, Calif., based on an idea floated by the Rev. Martin Luther King Jr. more than half a century ago.

With no strings attached, 125 low-income residents were given $500 a month for two years.

They spent their money on food, clothes, home goods, auto costs and utilities or saved it as a cushion for emergencies. Many were spurred to find better jobs. Most reported feeling a greater sense of well-being and less anxiety and depression, organizers said

Buzz Brockway, a former Republican state legislator now at the right-leaning think tank Georgia Center for Opportunity, said he’s open to programs that provide a flexible hand-up for low-income families. But he said such initiatives should be focused on people who are working, actively seeking a job or in a training program.

“We think that what’s important is that people begin to earn their way to self-sufficiency,” he said.

Study: Strict COVID measures hurt Washington state’s economy | KPVI

School choice should be an easy choice | Gainesville Times

In The News

School choice should be an easy choice | Gainesville Times

Schools are not one size fits all and school choice is a freedom that all should have. According to the Georgia Center for Opportunity, the goal of school choice is to ensure that all families have options when it comes to quality education for their child whether that be public, private, homeschool, or even online and hybrid options.

Unfortunately, in most cases, the opportunity for school choice is weighed heavily on where a family lives. It is unfair and unreasonable to expect that a family move to or live out of their means in an affluent neighborhood, requiring them to pay hefty mortgages in order to send their child to the school of their choice in that area…

Read the full article here

Study: Strict COVID measures hurt Washington state’s economy | KPVI

Inflation hits 30-year high as holiday season nears | Center Square

In The News

Inflation hits 30-year high as holiday season nears | Center Square

The prices of everyday goods are getting increasingly more expensive, new federal data confirm.

The Department of Labor’s Bureau of Labor Statistics on Wednesday released its monthly report on the consumer price index, a key marker of inflation, which showed that consumer prices rose 0.9% in October and are currently rising at the fastest rate in decades…

Erik Randolph, director of research for the Georgia Center for Opportunity, disagrees, pointing to increased spending under the Biden administration as a cause for concern.

“Hoping that inflation is just transitory may be wishful thinking at this point,” Randolph said. “This October report is a warning bell for Congress and the Federal Reserve to focus on fiscal spending and monetary causes. As Congress proposes spending more on programs using debt, they are at risk of causing more financial woes and not the relief they seek.”

Study: Strict COVID measures hurt Washington state’s economy | KPVI

Georgia jobless rate lowest in decades, but workers quitting clouds good news | GEORGIA RECORDER

In The News

Georgia jobless rate lowest in decades, but workers quitting clouds good news | GEORGIA RECORDER

Fewer Georgians filed initial unemployment insurance claims last month than in the weeks leading up to the pandemic last year, and the state’s unemployment rate hit 3.2%, a 20-year low.

Those are two welcome signs of economic recovery after record-breaking layoffs sent workers home across the state, but celebrations of those numbers should be tempered by the large number of Georgians quitting their jobs and not seeking new employment…

That difference equals more than 88,000 people no longer on the job since the start of the pandemic, said Georgia Center for Opportunity director of research Erik Randolph.

“But even this does not describe the full extent of the problem,” Randolph said. “Georgia’s economy was humming before the pandemic, and accounting for Georgia’s employment growth prior to the recession, around 240,000 workers have disappeared from the labor force. This shows that we still have much work to do to reinvigorate our economy and help people find employment that allows them to support themselves and their families and better their communities.”

 

“We do have some decent data on why people were not going to work in between August and September. We saw a small uptick in the number of people who said that they don’t want to be employed, but much larger increases in the number of people who said that they weren’t working because they themselves were sick, or they were caring for someone with COVID-19 symptoms,” he said. “The number of people who were not working because they were worried about getting sick also doubled, and these are statistics specifically for Georgia.”