Yeah, people are not abandoning work when they quit. They are taking other jobs. Quits being fueled by huge growth in job openings, partially due to Biden's ARP stimulus! Yes @EconBerger
Big problem with the very popular "Great Resignation" term: it's misleading a lot of people about what is actually happening in the US. Quits are definitely extremely elevated, but so are hires. Folks aren't resigning from the workforce, they're resigning to take better jobs!
I have never heard any Democratic president be so forthcoming about the need for unions in last 60 years. Carter? Clinton? Obama? Or, any candidate, though ? imagine Humphrey and Mondale might have.
Collective resignation from DSA, which I signed. Ending nearly 50 yrs membership in DSOC/NAM/DSA. The organization that previously was my political home. No more.
The US is the only leading economy where real household income (which accounts for inflation) and real GDP are higher than before the pandemic.
Every country is struggling with supply chains and inflation but our economic response has let us weather it better than anyone else.
So disappointing. Cruel, and entitled, too, my friend. Many people will be hurt by Trump #2, and you haven't laid out how this path will lead to building the left. It may be emotionally satisfying. Not for me tho
Thread: Erosion of collective bargaining has been a major factor depressing wage growth for middle & driving wage inequality over last 4 decades. Only factor more responsible- excessive unemployment from misguided monetary/fiscal policy.
epi.org/publication/er…@EconomicPolicy