Only a quarter of the Paycheck Protection Program made it to workers
A recent study shows that money from the relief program was unevenly distributed to affluent households and small business owners.
By Char Daston

Only a quarter of the Paycheck Protection Program made it to workers
A recent study shows that money from the relief program was unevenly distributed to affluent households and small business owners.
By Char Daston
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The $800 billion Paycheck Protection Program allowed businesses to keep millions of employees on payroll during the first two years of the COVID-19 pandemic. But only a quarter of the program’s funds went directly to workers’ paychecks, according to a recent study by the National Bureau of Economic Research.
Reset checks in with one of the authors of the report for more details.
GUEST: David Autor, Ford Professor of Economics at Massachusetts Institute of Technology