Jobless Recovery? Poverty on the Rise! - 27:32
Economic Recovery Leaves Workers Behind?
with
. Heidi Shierholz, Economic Policy Institute
. Meizhu Lui, Dir., Closing the Racial Wealth Gap Initiative,
Insight Center for Community & Economic Development
. Avis Jones-DeWeever, Dir., National Council of Negro
Women’s Research, Public Policy & Information Center
They say the economy may be bouncing back – but not for the
workers. Unemployment reestablished its relentless upward
climb in August, with the “official rate” rising to 9.7% with
significantly higher levels for people of color & young workers.
Unemployment, much of it long term, will likely pass 10% by the
end of the year and remain elevated for years. Further, for those
that have jobs, wage growth slowed dramatically plus income
and assets inequality is getting worse. Predictably, poverty
is increasing for the unemployed and even workers with jobs.
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