Fastest-Growing U.S. Job Failed to Lift Pay for Black Women
“A job in home-based health care, America’s quickest-growing industry, felt like a step up the ladder for Shawanna Ferguson when she left her fast-food job a decade ago. But in terms of pay and security, it didn’t turn out to be much of an advance. It’s taken a public-health emergency to shine a spotlight on the precarious conditions and low pay in this key corner of America’s direct-care economy — a key employer for Black women, in particular — and turn it into an issue for presidential politics. Democratic candidate Joe Biden is promising a $775 billion investment in the industry, which he says will help give careers a pay raise.”
How the U.K. Is Joining Nations Fighting to Save Jobs
“Governments facing a choice between supporting jobs or letting the economy take its course in the pandemic are frequently opting to back their workers, even if measures may only offer temporary relief. U.K. Chancellor of the Exchequer Rishi Sunak’s introduction of a new six-month scheme to subsidize wages of people in part-time work, even as an earlier program was being phased out, is just one example of a global phenomenon.”
China’s Economic Recovery Leaves the Bottom 60% Behind
“China doesn’t care about its bottom 60%. The country seems to have bounced back from the Covid-19 slowdown. Exports are growing by double digits, and retail sales, which had been lagging for months, are back to pre-virus levels. With daily life mostly back to normal, the country seems to be humming again. But poorer households are still struggling. The rebound Beijing engineered is K-shaped, exacerbating widening income inequality, which was already a problem before the pandemic. Most households in the bottom 60%, or those earning less than 100,000 yuan ($14,650) a year, said their wealth declined in the first half of 2020, the China Household Finance Survey finds. Those earning more than 300,000 yuan a year reported net gains.”
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