Discover and read the best of Twitter Threads about #Shecession
Most recents (5)
Really superb.
Unemployment is 5.4% in the U.S.
could fall to 4% by year’s end.
#HumbleFed’s @neelkashkari has seriously thoughtful answers to main Q:
What definition of full employment is relevant in the early 21st century for monopol?
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Unemployment is 5.4% in the U.S.
could fall to 4% by year’s end.
#HumbleFed’s @neelkashkari has seriously thoughtful answers to main Q:
What definition of full employment is relevant in the early 21st century for monopol?
/2
One (of many) interesting issues: official UR (unemployment rate) is an average of many average unemployment rates of different demographic groups. One way to be sure labour market slack is falling is by seeing falling inequality between, say, Black and "official" UR.
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UR isn't the only/best indicator of labour market slack.
(Jesse Jackson, I think, used to say "There was full employment under slavery too.")
Quality of work is important.
So are LF participation rates. (UR drops if more people drop out of the labour force. #shecession)
/4
(Jesse Jackson, I think, used to say "There was full employment under slavery too.")
Quality of work is important.
So are LF participation rates. (UR drops if more people drop out of the labour force. #shecession)
/4
I have a Harvard MBA, have been an exec for 18 years & have owned trucking/logistics companies since 2009 w/thousands of employees. As a business owner, I think the decision to end $300 in additional unemployment benefits is a TERRIBLE idea for Georgia. Here’s why: 1/🧵#gapol
Federal minimum wage has been $7.25/hr since 2009. Georgia min wage (non-FLSA) is $5.15/hr — that’s about 1/3 of the average hourly pay for a babysitter in GA. Given GA’s low vaccination rates, it’s no wonder folks aren’t rushing back to low-wage, (potentially) high-risk work. 2/ 
Speaking of childcare costs: “The U.S. economy in March had 7.6 million fewer people employed than before the pandemic, including a sharp drop-off among working mothers.”
Ripping away an extra $300 in UI sure as hell isn’t going to help GA moms afford care or go back to work! 3/
Ripping away an extra $300 in UI sure as hell isn’t going to help GA moms afford care or go back to work! 3/
@armstrongcbc Djenaba Dayle said the minimum wage needs to rise, and that rent control is crucial — and not just during a crisis.
#CERB #BAI #canlab #cdnpoli #CFIB #Shecession cbc.ca/news/business/…
#CERB #BAI #canlab #cdnpoli #CFIB #Shecession cbc.ca/news/business/…
Listening to @FoodProfessor on w. @jordimorgan, re. flight from Cdn. cities during this pandemic.
When he references folks who can work from anywhere, he’s talking about the top branch of the ‘K’ recovery, who are doing fine.
What about the #LowWage workers on bottom branch?
When he references folks who can work from anywhere, he’s talking about the top branch of the ‘K’ recovery, who are doing fine.
What about the #LowWage workers on bottom branch?
(And to state the obvious: looking at Alberta through the eyes of Joe is wrought with issues intersectionality. It helps us understand why, for instance, the government fails to see the #shecession as a problem, let alone one worth solving.)
Or why they feel emboldened to hire curriculum advisors that seek to whitewash Alberta history, to create a War Room, to take on doctors & fill ICUs during a pandemic... Put simply: the UCP doesn't think Joe Albertan cares about those issues more than jobs and the economy. #ableg
The thing is: our research shows that Joe is not the median Albertan voter. Joe is who we think the average Albertan is. But he is not an aggregation of Albertan attitudes. He's a myth.
It was only a matter of time til my doom chart passions merged:
State & local government budgets are burning
Women's labor market outcomes are brutal
These are not independent!
[threadlet]
State & local government budgets are burning
Women's labor market outcomes are brutal
These are not independent!
[threadlet]
State & local Govs dominate public employment
They dominate public job cuts this recession.
They employ women disproportionately:
Last year women held > 13 million of 22.6 million government jobs
~ 1/3 of gov't jobs are in local education
fred.stlouisfed.org/release/tables…
They dominate public job cuts this recession.
They employ women disproportionately:
Last year women held > 13 million of 22.6 million government jobs
~ 1/3 of gov't jobs are in local education
fred.stlouisfed.org/release/tables…
Here's a key stat from yesterday's thread on state & local job cuts--939,000 of them so far. This is bad and poised to get worse in September.
