abstract: 'The COVID-19 pandemic and the associated government-mandated shutdowns

  caused a historic shock to the U.S. economy and a disproportionate job

  loss concentrated among the working class. While an unprecedented social

  safety net policy response successfully offset earnings losses among

  lower-wage workers, the risk of continued and persistent unemployment

  remains higher among the working class. The key lesson from the Great

  Recession is that strong economic growth and a hot labor market do more

  to improve the economic well-being of the working class and historically

  disadvantaged groups than a slow recovery that relies on safety net

  policies to help replace lost earnings. Thus, the best way to prevent a

  ``k-shaped{''''} recovery is to ensure that safety net policies do not

  interfere with a return to the strong pre-pandemic economy once the

  health risk subsides and that progrowth policies that incentivize

  business investment and hiring are maintained.'
affiliation: 'Corinth, K (Corresponding Author), Univ Chicago, Harris Sch Publ Policy,
  Comprehens Income Dataset Project, Chicago, IL 60637 USA.

  Burkhauser, Richard V., Cornell Univ, Publ Policy, Ithaca, NY 14853 USA.

  Corinth, Kevin, Univ Chicago, Harris Sch Publ Policy, Comprehens Income Dataset
  Project, Chicago, IL 60637 USA.

  Corinth, Kevin; Holtz-Eakin, Douglas, Council Econ Advisers, Washington, DC USA.

  Corinth, Kevin, Amer Enterprise Inst Publ Policy Res, Washington, DC USA.

  Holtz-Eakin, Douglas, Amer Act Forum, Washington, DC USA.

  Holtz-Eakin, Douglas, Congress Budget Off, Washington, DC USA.

  Holtz-Eakin, Douglas, Syracuse Univ, Syracuse, NY 13244 USA.

  Holtz-Eakin, Douglas, Columbia Univ, New York, NY 10027 USA.'
author: Burkhauser, Richard V. and Corinth, Kevin and Holtz-Eakin, Douglas
author-email: kcorinth@uchicago.edu
author_list:
- family: Burkhauser
  given: Richard V.
- family: Corinth
  given: Kevin
- family: Holtz-Eakin
  given: Douglas
da: '2023-09-28'
doi: 10.1177/00027162211031772
eissn: 1552-3349
files: []
issn: 0002-7162
journal: ANNALS OF THE AMERICAN ACADEMY OF POLITICAL AND SOCIAL SCIENCE
keywords: 'COVID-19 Recession; Great Recession; income growth; employment; safety

  net policy; working class'
language: English
month: MAY
number: 1, SI
number-of-cited-references: '42'
pages: 314-330
papis_id: 25e6c30c94bf5d12a21a09211ea50368
ref: Burkhauser2021policieshelp
times-cited: '0'
title: 'Policies to Help the Working Class in the Aftermath of COVID-19: Lessons from
  the Great Recession'
type: article
unique-id: WOS:000687750000018
usage-count-last-180-days: '1'
usage-count-since-2013: '8'
volume: '695'
web-of-science-categories: Political Science; Social Sciences, Interdisciplinary
year: '2021'