In this May 21, 2020, file photo, state Sen. Jim Oberweis, R-Sugar Grove, wears a full face shield while on the floor of the Illinois Senate during session at the State Capitol in Springfield, Ill. Oberweis was the GOP nominee for a Chicago-area congressional seat and the chairman of Oberweis Dairy. The dairy received a Paycheck Protection Program loan of between $5 million and $10 million, according to data released by the Treasury Department. Oberweis, who also owns an investment firm, has loaned his congressional campaign against Democrat Rep. Lauren Underwood more than $1.1 million since last year.
Justin L. Fowler
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
