Barriers to Employment for Former Prisoners
Posted by Center for Economic and Policy Research on June 27, 2016
In 2014, the U.S. economy lost between $78 billion and $87 billion because of significant barriers to employment faced by former prisoners or people with felony convictions, according to a report from the Center for Economic and Policy Research. The Price We Pay: Economic Cost of Barriers to Employment for Former Prisoners and People Convicted of Felonies estimates that the employment penalty associated with a criminal record caused a one percent reduction in the country’s overall employment rate, costing nearly one half of one percent of overall GDP. The report also finds that long-term employment prospects are worse for minority men and men with less than a high school diploma.
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