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The Rise in Black Unemployment Is About More Than Race
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Biden Shouldn t Reappoint Powell to Federal Reserve He s Soft on Wall Street
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Janet Yellen Gets a Chance to Shape the Fed, This Time From Outside
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Economists William Spriggs and Austan Goolsbee join Ali Velshi to discuss the latest jobs numbers that show President Biden’s economic plan is working – and not just for the wealthy. Goolsbee says the economy grows the fastest when the government helps ordinary, working people, and Spriggs says paying higher wages results in “more output, bigger sales [and] better profits” for business owners.
Racial Employment Divide Continues In Recovering US Economy By Chris Stein
08/03/21 AT 9:37 PM
As vaccines help quell Covid-19 cases, millions of Americans have gone back to work but fewer Black and Hispanic workers are being rehired, entrenching persistent inequalities in the United States.
The divides are fueled by long-running employment discrimination, experts say, worsened by unique, virus-related disruptions that have left many jobseekers unable to find work they can get to, or feel safe doing. We haven t actually addressed those underlying power disparities in the economy, said Kate Bahn, director of labor market policy with the Washington Center for Equitable Growth.