Workers haven’t gained as much leverage as a superficial examination might suggest. Advances thus far, such as they are, still leave miles to travel before the American working class recovers all the economic standing it has lost since the 1970s.
It would be irresponsible to create much higher unemployment – and the US economy could be pushed into recession. There is a strong argument for the Fed to take a break from its aggressive monetary-policy tightening.
We need to greatly expand the role of fiscal policy relative to monetary policy and address inflation while also promoting low unemployment, needed new investments, decent wages and a much fairer distribution of income and wealth.
This week: left economists cut through the baloney, rumblings of general strike, and a guide to wrecking your party
Soul City was a boondoggle—not a story of lost or forgotten roads tragically not taken.
In April, 8.3% of disabled Americans were unemployed, compared with 3.1% of those without a disability.
November was a sluggish month for women re-entering the workforce as women gained only 36% of new jobs, reports the National Women’s Law Center. It could take 30 months to gain back the nearly 2 million jobs women have lost during the pandemic.
The rise in the index of aggregate hours would be equivalent to more than 630,000 jobs with no changes in workweeks. Drop in unemployment in Novembers were largest for the groups that face labor market discrimination.
Reader Comments: 9/11 Failed Policy; Medicare Advantage for Profit Scam; Myth of Robert E. Lee; We Remember Birmingham Church Bombing; Chile; Resources - Jobs Report; Climate Change; Lots and lots of Announcements...
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