Smart Policy Choices Will Move the Economy Forward Again

In a recent op-ed in the Riverside Press-Enterprise, CBP Deputy Director Alissa Anderson and Executive Director Jean Ross encourage state and local policymakers to pursue strong policy choices to get the economy moving again.

Drawing on the findings of a new CBP report, Stuck Between a Recession and a Recovery: California’s Workers Face the Toughest Job Market in Decades, they find that the economy is still shaky and showing little improvement when it comes to what matters most to Californians: jobs. Although all Californians have been affected by the downturn in some way, the long-term unemployed and those who are fresh out of high school and college and looking for work seem to be faring particularly poorly.

How will we get the economy and its workers back on solid ground? Alissa and Jean single out three key policy choices for the months ahead: extending Unemployment Insurance benefits to keep families afloat and money flowing into local communities; minimizing state spending cuts, which economists say will hurt an ailing economy; and raising taxes on high-income earners – those who have made significant income gains for more than a decade – as part of a balanced approach to closing the state’s budget gap.

They write, “The economic news may be grim this Labor Day, but our future doesn’t have to be. Let’s work together for an economy that works for us all.”

— Lisa Gardiner