![]() ![]() In reality, there's a living wage shortage, a hazard pay shortage, a childcare shortage, a paid sick leave shortage, and a health care shortage - and American workers are demanding an end to all these shortages. the National Association of Manufacturers, and their Republican allies. Average hourly earnings have jumped by 4.6 percent over the last year.Ĭorporate America wants to frame all this as a "labor shortage." But that's not what's really going on. Robert Bernard Reich is an American politician, academic, and political. Average earnings rose 19 cents an hour in September and are up more than $1 an hour over the last year, after a series of strong monthly gains. In other words, many American workers are now engaged in the equivalent of a general strike.Īs a result, employers are raising wages and offering other inducements to lure applicants. Participation for people in their prime working years, defined as 25 to 54 years old, also ticked down. Note that the share of people who were working or looking for work last month (the labor force participation rate) dipped to 61.6 percent, down slightly from the prior month. Others simply don't want to return to backbreaking, low-wage shit jobs. Why? Some workers have retired early or found other ways to make ends meet. Read more Robert Reich breaking news, in-depth reporting and criticism. Between the observations which Robert Schmidt made as representative of the unions at Amsterdam and. ![]() ![]() Many of these people are hurting, to be sure.īut the number of job openings is at a record high, and many employers report having a hard time filling positions. Finally we have the resolution of the Amsterdam Congress. We're still 5 million jobs below February 2020 levels, and 2.7 million people have been out of work for six months or more, the standard threshold for long-term unemployment. This is being described in the media as a disappointment or a problem, but a closer look reveals something quite different. added just 194,000 jobs in September, down from the 366,000 added in August and far below the million-plus in July (before the Delta variant took hold). ![]()
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