Three Gains We Need to Protect
Inflation remains a top concern for many Americans, as supply problems, demand, and market power continue to drive up prices.
However, “amid the rising prices, there are positive signs in the economy, ones that matter for everyday people,” Roosevelt’s Mike Konczal writes in The Nation.
For one, the labor market is stronger, with more jobs, higher labor force participation, and a lower unemployment rate than projected. It’s also more dynamic—workers are switching jobs at record rates, leading to wage gains. Finally, employment increases have been shared broadly, making this recovery more equitable than previous ones.
“As we consider how to move the pandemic recovery into the next stage, these developments need to be not only acknowledged but protected,” Konczal writes.
“There’s room to land a soft recovery and keep what’s working in our economy. But to do that, we need to recognize that, in addition to the problems, there are encouraging trends that we must fight to preserve.”
Read more in “We Shouldn’t Destroy What Is Working in Our Economy.”
|