Posts Tagged ‘labor’

The Real Unemployment Rate.

October 21, 2020

The Real Unemployment Rate.

The U.S. Unemployment Rate is measured by the Bureau of Labor Statistics, an arm of the U.S. Deparment of Labor, but BLS recognizes several joblessness measures. The one you read in the media is called U3, the percentage of unemployed civilian adults actively seeking fulltime nonfarm employment. Right now, the U3 rate is 7.9%. A broader measure, U6, includes those working part-time because they can’t find full-time jobs and people who want to work and have looked for jobs anytime in the past year. The latest U6 jobless rate is 12.8%.

But those aren’t the only — or most realistic — measures of unemployment. The Ludwig Institute for Shared Economic Prosperity, founded by Gene Ludwig, former U.S. Comptroller of the Currency, has a yardstick for U.S. functional unemployment, and it’s unnerving:

“A person who is looking for a full-time job that pays a living wage — but who can’t find one — is unemployed. If you accept that definition, the true unemployment rate in the U.S. is a stunning 26.1% ….”

“If you measure the unemployed as anybody over 16 years old who isn’t earning a living wage, the rate rises even further, to 54.6%. For Black Americans, it’s 59.2%.”

“Only 46.1% of white Americans over the age of 16 — and a mere 40.8% of Black Americans — now have a full-time job paying more than $20,000 per year.”

— “America’s true unemployment rate,” Felix Salmon, Axios

More:

Ludwig Institute for Shared Economic Prosperity (LISEP) website

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Paid Sick Leave: Essential to Beating Coronavirus

April 9, 2020

If your grocery, food service, and delivery workers don’t get paid time off when they’re sick, then they need to work while sick, potenially infecting you. When corporations value profits over public safety, we all lose. A Vox video.

Related:

“The Trump administration issued a new rule that blocks guaranteed paid sick leave for 75% of American workers,” Isaac Scher, Business Insider

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What the US gets wrong about the minimum wage.

October 14, 2019

Alexia Fernández Campbell explains what the US gets wrong about the minimum wage. A Vox video.

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Short link: https://wp.me/p6sb6-tJp

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Food Chains

November 21, 2014

Food Chains,” a film by Sanjay Rawal, documents where your produce comes from, who makes it available to you, and the cost. Executive Producers: Eva Longoria and Eric Schlosser. In theaters and also on iTunes.

More:

“Eva Longoria and Eric Schlosser take on fairness for farmworkers in ‘Food Chains,’” Soraya Nadia McDonald, Washington Post

“Sanjay Rawal’s New Film ‘Food Chains’ Asks “Is My Food Fair?” Big Think

“‘Food Chains’ Looks at the Real Cost of Your Cheap Tomatoes,” Maddie Oatman, Mother Jones

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Short link: http://wp.me/p6sb6-keX

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Twinkies: Endangered Species

November 16, 2012

Twinkies: Endangered Species

“Future of Hostess hangs on ultimatum to strikers,” Diane Stafford, Kansas City Star

“Hostess assesses possible liquidation as two sides trade barbs,” Diane Stafford, Kansas City Star

“Hostess Brands closing for good,” Chris Isidore and James O’Toole, CNN Money

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Iconic Skyscraper Photo: Staged Stunt

September 25, 2012

Iconic Skyscraper Photo: Staged Stunt

The iconic 1932 photo of construction workers eating lunch on a steel beam high above Rockefeller Center, attributed to Charles C. Ebbets, is considered a documentary classic. There are many tributes (like the Sergio Furnari sculpture above) and parodies. Corbus, which owns the photo rights to “Lunch Atop a Skyscraper,” says it’s licensed more often than any of the snaps in the firm’s 20-million-image catalog.

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Workers on Beam, on a Truck, on Bleecker Street

September 22, 2011

Workers on  Beam, on a Truck, on Bleeker Street

“Lunchtime on Top of a Skyscraper,” by Sergio Furnario. Based on a 1932 photograph by Charles C. Ebbets.

Don’t know why it was on a truck on Bleecker Street last Sunday, but we enjoyed it immensely.

Short link: http://wp.me/p6sb6-b8Z

Cellphone photo (of a Sergio Furnari sculpture) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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