Everyone who works for a living should be paid a wage that enables them to cover the basics for themselves and their families. Yet last year, four of Ohio’s 10 largest occupations paid their median worker so little they would qualify for and likely depend on food aid to feed.
All work should pay enough to live a good life. All working people should be able to provide for their families, no matter their race or gender, the kind of job they do, or where they live and work.
For years, too many of Ohio’s most common jobs paid so little.
<p><span>Today I will offer a progress report on the Federal Open Market Committee s (FOMC) efforts to restore price stability to the U.S. economy for the benefit of the American people. The report must begin by acknowledging the reality that inflation remains far too high. My colleagues and I are acutely aware that high inflation is imposing significant hardship, straining budgets and shrinking what paychecks will buy. This is especially painful for those least able to meet the higher costs of essentials like food, housing, and transportation. Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy. Without price stability, the economy does not work for anyone. In particular, without price stability, we will not achieve a sustained period of strong labor market conditions that benefit all.</span></p>