It’s hard to understand why reporters and editors would have missed an opportunity for a banner headline saying that the unemployment rate in this stunning pandemic recession had already leapt to or perhaps beyond a Great Depression level.
Huge layoffs = major recession; Raging infections and deaths = major epidemic.
“It is absolutely imperative that the millions of Americans who are eligible for unemployment benefits receive every dollar to which they are entitled as quickly as possible.”
Tenants around the country are calling for immediate rent cancellation. Some are planning to “rent strike.”
While workers are seeing modest real wage growth, it is much less than would be expected with the lowest unemployment rate in 50 years.
In addition to boosting wages, it will take major policy changes, like making child care more universally available and affordable, to offset the skyrocketing costs of living for American workers.
The following facts should have been reported by the mainstream media, but unfortunately most of that media is controlled by the very people who have reason to hide the facts.
In spite of the unusually low unemployment rate there is little evidence of wage acceleration.
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