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So... I read that Larry Summers op-ed. Frankly, I don't completely understand the whole thing, but he said something that isn't entirely true:
"Unemployment is falling."
Sure, but labor non participation for (Black and Brown) women is increasing. https://www.nytimes.com/2020/10/29/upshot/mothers-leaving-jobs-pandemic.html
"Unemployment is falling."
Sure, but labor non participation for (Black and Brown) women is increasing. https://www.nytimes.com/2020/10/29/upshot/mothers-leaving-jobs-pandemic.html
There is something called "labor force participation" or the share of our population who either 1) works currently or 2) has been looking for work in the past three weeks.
Since the pandemic, women.... LOTS of women have left the labor force. https://www.npr.org/2020/10/28/928253674/stuck-at-home-moms-the-pandemics-devastating-toll-on-women
Since the pandemic, women.... LOTS of women have left the labor force. https://www.npr.org/2020/10/28/928253674/stuck-at-home-moms-the-pandemics-devastating-toll-on-women
That second group "has been looking for work in the past three weeks" = unemployed.
So..if women are leaving the labor force aka women are not looking for work nor are they working then that means they wouldn't be "unemploymed", they'd just be at home. https://www.rand.org/blog/2020/11/women-are-leaving-the-labor-force-in-record-numbers.html
So..if women are leaving the labor force aka women are not looking for work nor are they working then that means they wouldn't be "unemploymed", they'd just be at home. https://www.rand.org/blog/2020/11/women-are-leaving-the-labor-force-in-record-numbers.html
Okay so Summers is arguing that the plan to give Americans $2000 checks is too big and implies that things are getting better because unemployment is dropping.
But unemployment is dropping because people who cant find work are just leaving the workforce. His take ignores that.
But unemployment is dropping because people who cant find work are just leaving the workforce. His take ignores that.
Beware of economists and policymakers who ignore intersectionality in their analysis and say stuff like "the economy is recovering" and "unemployment is low".
When you hear these takes, your immediate next question should be: Who is the economy recovering for? And why?
When you hear these takes, your immediate next question should be: Who is the economy recovering for? And why?
Right now, many Black and Latina women have left the labor force. Black and Brown women are the bedrock of their communities. Did you know 68% of Black mothers are the breadwinners of their homes?
$2000 checks is a matter of survival cc @CoriBush. https://qz.com/1955437/black-and-hispanic-women-continued-to-lose-jobs-in-december/
$2000 checks is a matter of survival cc @CoriBush. https://qz.com/1955437/black-and-hispanic-women-continued-to-lose-jobs-in-december/
At one point, Black women had an unemployment rate of 16.4%, now it's 8.9 percent (highest among all women).
No, things did not get better, people just stopped working. And that is why we need #BlackWomenBest aka monthly stimmys.
Learn more here: https://www.teenvogue.com/story/black-women-best-economy
No, things did not get better, people just stopped working. And that is why we need #BlackWomenBest aka monthly stimmys.
Learn more here: https://www.teenvogue.com/story/black-women-best-economy
This entire conversation around who deserves survival money has been had amongst rich white guys who don't NEED CHECKS cc @TrevonDLogan.
And that's why I co-founded @SadieCollective, which aims to change these spaces, one Black woman at a time. https://www.sadiecollective.org
And that's why I co-founded @SadieCollective, which aims to change these spaces, one Black woman at a time. https://www.sadiecollective.org
Might mess around and write something about this because whew Chile this econ policy debate has been DOMINATED by white guys who do macro policy and I dont like that.
WATCH THIS SPACE lol I may be dropping something soon.
Shoutout to research mentor for taking me on as research assistant. Everything she taught me that summer has proved to be relevant again and again and again.
I wrote something and.... its pretty damn good.
