Elevated Level of Part-Time Employment: Post-Recession Norm?
Wall Street Journal - November 12, 2014, by Nick Timiraos - Nearly 7 million Americans are stuck in part-time jobs that they don’t want.
The unemployment rate has fallen...
Wall Street Journal - November 12, 2014, by Nick Timiraos - Nearly 7 million Americans are stuck in part-time jobs that they don’t want.
The unemployment rate has fallen sharply over the past year, but that improvement is masking a still-bleak picture for millions of workers who say they can’t find full-time jobs.
Martina Morgan is deciding which bills to skip after her hours fell at Ikea in Renton, Wash. Sandra Sok says she’s been unable to consistently get full-time hours after she transferred to a Wal-Mart in Arizona from one in Colorado.
In Chicago, Jessica Davis is frustrated by her schedule dwindling to 23 hours a week at a McDonald’s even though her location has been hiring. “How can you not get people more hours but you hire more employees?” the 26-year-old Ms. Davis said.
The situation of these so-called involuntary part-time workers—those who would prefer to work more than 34 hours a week—has economists puzzling over whether a higher level of part-time employment might be a permanent legacy of the great recession. If so, it could force more workers to choose between underemployment or working multiple jobs to make ends meet, leading to less income growth and weaker discretionary spending.
Employers added some 3.3 million full-time workers over the past year, but the number of full-time workers in the U.S. is still around 2 million shy of the level before the recession began in 2007. Meanwhile, the ranks of workers who are part time for economic reasons has fallen by 740,000 this year to around 4.5% of the civilian workforce. That is down from a high of 5.9% in 2010 but remains well above the 2.7% average in the decade preceding the recession.
“There’s just less full-time jobs available than there used to be,” said Michelle Girard, chief economist at RBS Securities Inc.
The slow decline in part-time work is particularly acute when broken out by industries. For the retail and hospitality sectors, the number of involuntary part-time workers in October was nearly double its prerecession level. For construction, mining and manufacturing work, by contrast, the share of such part-time labor was just 9% above its pre-recession level.
Other data show that the ability of part-time service workers to find full-time work has been much slower during the current recovery. In goods-producing industries, around two-thirds of involuntary part-time workers in July 2013 had found full-time employment by July 2014, up from 60% in 2009, according to a study by the Federal Reserve Bank of Atlanta. But for service-sector workers, the rate has seen little improvement. Around 48% of involuntary part-time workers in July 2013 had found full-time work one year later, up from around 46% in 2009.
An important question for policy makers now is whether the elevated level of involuntary part-time work is due to cyclical factors, meaning it will fall as the economy heals, or to structural changes that have made employers more inclined to rely on a larger contingent workforce and avoid converting part-time workers to full-time positions.
On one side are economists like Ms. Girard, who say greater economic uncertainty and rising labor costs—from increases in the minimum wage, regulations or health-care expenses stemming from the Affordable Care Act—explain higher levels of part-time work. “There is a structural element to this at the very least,” she said.
The health-care law requires employers with 50 or more full-time equivalent workers to offer affordable insurance to employees working 30 or more hours a week or face fines. “Companies are just more inclined to hire part-time workers, not necessarily because of the health-care law, but for business reasons that make it a more attractive option,” Ms. Girard said.
Anecdotal reports have suggested employers have cut hours to prepare for the implementation of the health-care law, but that hasn’t been borne out by economic data.
An analysis by Bowen Garrett of the Urban Institute and Robert Kaestner at the University of Illinois at Chicago found a small increase in part-time work this year, but the increase occurred for part-time jobs with between 30 and 34 hours—above the 30-hour threshold that would be affected by the health-care law.
Other economists say higher levels of involuntary part-time work are mostly cyclical. Businesses don’t appear to be paying part-time workers more than full-time workers; that would be one clear sign of a shift in hiring preferences.
Elevated levels of involuntary part-time work in service jobs may reflect how low-wage employers ramped up hiring earlier in the recovery. More recently, the sector has absorbed those returning to work after long unemployment spells.
Part-time work in service jobs is “a stepping stone for the unemployed and for people out of the labor force,” said Adam Ozimek, an economist at Moody’s Analytics. Labor markets are “improving in just the way you would expect.”
Labor advocates, meanwhile, say technological changes in how businesses schedule employees are at fault. Software allows employers to schedule and cancel shifts rapidly based on business conditions.
Carrie Gleason, the director of the Fair Workweek Initiative at the Center for Popular Democracy, a labor advocacy group, said that could explain why more part-time workers say they want full-time work. “There’s now this persistent uncertainty in the jobs that hourly workers have today,” she said.
“I need to spend some time with my kids,” said Ms. Morgan, 32. “Two jobs? It’s too much.”
Ikea employees are guaranteed a minimum amount of hours every week. Those that can work “during peak times when our customers are in our stores have the opportunity to obtain more hours,” said Mona Liss, a company spokeswoman. The company in June also announced it would raise the average minimum hourly wage in its U.S. stores next year by 17%.
Meanwhile, the structural-cyclical debate has important implications for the Federal Reserve. If the changes are structural, wages might begin to rise sooner than expected, putting more pressure on the Fed to raise interest rates. If they’re cyclical, it would suggest that Fed policy can remain accommodative.
Fed Chairwoman Janet Yellen routinely highlights the elevated level of part-time work as a key measure of labor slack. “There are still ... too many who are working part-time but would prefer full-time work,” she said at a press conference in September.
Business surveys conducted by the Atlanta Fed have shown there are more part-time workers because “business conditions don’t justify converting them to full time,” said John Robertson, senior economist at the bank. But other businesses have said their reliance on a larger part-time workforce stemmed from the higher costs of hiring full-time workers.
“It would be wrong to say it’s all cyclical, and it would be wrong to say it’s all structural,” Mr. Robertson said. “We’re somewhere in the middle.”
Ulyses Coatl illustrates how any improvement might unfold. He worked for two years as a stylist at a Levi’s apparel store in lower Manhattan but quit his job in September because the hours had become too unpredictable. His schedule varied from as many as 34 hours a week to four hours, but had averaged around 18 hours in recent weeks, he said.
A Levi’s spokeswoman said the company is “always looking at ways to improve retail productivity, including store labor models and processes” that conform to “industry best practices.”
Wal-Mart says the majority of its workforce is full time, and the share of part-time workers has stayed about the same over the past decade. A spokeswoman said store employees can view all of the open shifts in their store, and that there are full-time positions available in the store at which Ms. Sok works.
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Watch Live: Young Immigrants Rally In DC To Call On Congress To Save DREAMers
Watch Live: Young Immigrants Rally In DC To Call On Congress To Save DREAMers
(Interview with Ana Maria Archila at 1:09:10)
(Interview with Ana Maria Archila at 1:09:10)
Watch the full video here.
New Poll: Public Does Not Support Interest Rate Increase
Poll: http://bit.ly/1L4xbLB
Poll Analysis: http://bit.ly/1Q3Pu2S
Today, one week before Federal Reserve officials make a crucial decision on interest rates, the Center for Popular Democracy released a new Public Policy Polling (PPP) poll showing that the American public does not support an interest rate increase.
The poll, conducted by Public Policy Polling, shows that large majorities of the voting public believe that the economy is still too weak and that the Fed should focus on helping to create more jobs and higher wages. The poll also asked voters their opinions regarding Federal Reserve governance and transparency. In recent weeks, several Fed officials have indicated that they think the economy is ready for an interest rate hike, despite continued labor market slack, low wage growth, and disappointing jobs figures. Among the poll’s key findings:
62 percent support keeping interest rates low, while only 30 support raising them
By a 55-38 margin, voters think the Fed should prioritize creating more jobs and higher wages over ensuring that inflation does not get any higher
71 percent think the public does not have enough input into Fed’s process
While all respondents cited high unemployment and low wages as problems for the economy, Hispanics and African Americans were more likely than whites to rate these as major problems
The full poll results are available here, and an analysis is available here.
“Before the Fed slows down the economy, they should consider the perspective of working Americans,” said Connie Razza, Director of Strategic Research at the Center for Popular Democracy. “This poll shows that strong majorities do not feel the economy is ready for higher interest rates, and that ongoing unemployment and stagnant wages are a major concern for the American public. Going forward, the public is demanding greater input in Fed decisions and changes in Fed governance, and that the Fed takes wage and job growth more seriously when making its decisions.”
“The labor market remains far from fully recovered, as evidenced most clearly by the anemic wage-growth seen since the recovery began in 2009. And clear potential headwinds in coming months – the slowdown of the Chinese economy and the possible additional fiscal drag if sequester cuts are not reversed – argue strongly that the Fed should not pullback on monetary policy support for the recovery,” said Josh Bivens, Director Research and Policy at the Economic Policy Institute.
Just two weeks ago, members of the Fed Up coalition, led by workers, economists and advocates, held a conference in Jackson Hole, Wyo. adjacent to the Federal Reserve’s own symposium. The coalition delivered more than 119,000 petition signatures calling on the Fed to keep interest rates low to allow for more jobs and higher wages. Over the past weeks, numerous influential voice – Gene Sperling, Lawrence Summers, Joseph Stiglitz, the NY Times Editorial Board, the chief economist of the World Bank, among others – have spoken up against the Fed’s intentionally slowing down the economy.
These polling results shows that the American public agrees.
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The Center for Popular Democracy promotes equity, opportunity, and a dynamic democracy in partnership with innovative base-building organizations, organizing networks and alliances, and progressive unions across the country. CPD builds the strength and capacity of democratic organizations to envision and advance a pro-worker, pro-immigrant, racial justice agenda.
School Voucher Opponents Ready for Fight as Bill Advances
The Tennessean - March 3, 2015, bt Jason Gonzales - Anti-voucher groups are digging in for a fight as the second of two almost identical voucher bills easily passed the House Education and...
The Tennessean - March 3, 2015, bt Jason Gonzales - Anti-voucher groups are digging in for a fight as the second of two almost identical voucher bills easily passed the House Education and Planning Subcommittee by a 7-1 vote. State Rep. Kevin Dunlap, D-Rock Hill, was the lone dissenter.
The proposed legislation that passed Tuesday is sponsored in the House by state Rep. Bill Dunn, R-Knoxville, and has considerable backing from pro-voucher groups and legislators alike. A separate bill sponsored by state Sen. Brian Kelsey, R-Germantown, narrowly passed the Senate Education Committee.
The legislators hope to provide low-income students a voucher program to pay for private school tuition with a state-funded scholarship. The program targets students eligible for free and reduced-price lunch who attend a public school ranked in the bottom 5 percent of the state in academic achievement.
Several groups have publicly voiced opposition to the bills, including the Tennessee Education Association. The teacher's union has been against proposed voucher legislation for years. In past years, opponents have been successful in their fight, as bills have continually struggled in the House and Senate finance committees.
Between the two bills, Haslam said the administration agreed to fund the measure from Dunn and state Sen. Todd Gardenhire, R-Chattanooga. On supporting the Dunn-Gardenhire bill versus Kelsey's, Haslam said Tuesday morning the bill most resembles the one he supported last year.
Kelsey is a sponsor of both bills, and House Majority Leader Gerald McCormick, R-Chattanooga, recently told The Associated Press the plan could survive in the House this year.
Volunteers with Tennesseans Reclaiming Educational Excellence were the visible face Tuesday of the anti-voucher group at Legislative Plaza. They were there to pass out brochures and stickers that said, "No School Vouchers."
Anne Marie Farmer, a volunteer with the public education advocacy group, said the group argues vouchers don't have the desired effect in a time when schools need more resources. The group also contends vouchers only give private schools a choice, not parents.
"We don't believe it is an effective way to raise student achievement," she said
Americans United for Separation of Church and State and Tennessee Transgender Political Coalition have also voiced opposition to the bill.
A recent poll by the Public Interest and the Center for Popular Democracy, however, says Tennesseans are not concerned with school choice. The TEA sent out a Tuesday media release weighing in on the poll.
"When Tennesseans were asked to rank important issues facing the state's public schools, school choice came in dead last," said Barbara Gray, Arlington Community Schools administrator and TEA president, in the release. "This poll shows that legislators need to redirect their attention to the issues that really matter to Tennesseans, like parental involvement, over-emphasis on standardized testing and cuts to programs like physical education and music."
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New Report Details Plans for Low-Wage Worker Justice
The Village Voice - February 14, 2013 - When a worker in this city has to endure a three-hour walk to work because his minimum wage salary doesn't allow for him to afford public transportation,...
The Village Voice - February 14, 2013 - When a worker in this city has to endure a three-hour walk to work because his minimum wage salary doesn't allow for him to afford public transportation, that's a problem.
Low-wage workers across the city have stood up in the past year to demand that such insecurity be eradicated and to pressure employers to finally begin to provide them with just compensation for their labor.
Building on the progress generated by these worker-led movements--in industries such as retail, fast-food, airline security and car washing--UnitedNY, the Center for Popular Democracy and other advocacy groups held a symposium and released a report yesterday analyzing the state of the city's low-wage worker movement.
"It's very difficult to try and make ends meet on $7.25 minimum wage in New York City," Alterique Hall, a worker in the fast-food industry, said during a news conference following the event. "Some nights you want to lay down cry because you [feel] like 'what's the point of going to work and putting all of myself into a job, [if] I'm going to be miserable when I get off work, miserable when I go home...and don't want to wake up and go to work the next day...to get disrespected, treated poorly and paid poorly.'"
Hall, who's been active in the push for fairer wages in the fast-food industry, is the worker who is often forced to embark on the three-hour treks to work. Hall said that his boss will sometimes said him home as a penalty for his tardiness--without considering the ridiculous journey he has to travel just to get to there.
"Working hard, and working as hard as you can, isn't paying off for them," mayoral hopeful and former City Comptroller Bill Thompson, said during the news conference. "They're being underemployed, They're being underpaid. They're being taken advantage of. They're being ignored. They're becoming a permanent underclass in the city of New York."
The UnitedNY and CPD report lays out four specific initiatives that workers and advocates must pressure the city to implement in order to help better the plight of low-wage workers. The reports calls on the city and employers to :
[Raise] standards for low-wage workers. [Regulate] high-violation industries where labor abuses are rampant. [Establish] a Mayor's Office of Labor Standards to ensure that employment laws are enforced. [Urge] the State to allow NYC to set a minimum wage higher than the State minimum--due to the higher cost of living in the City.The report pays close attention to the need for City Council to pass the paid sick-leave bill, and increase the minimum wage in the city to $10/hour--a salary that would net a worker with regular hours about $20,000/year in earnings.
"We can't continue to be a Tale of Two Cities, where the path to the middle class keeps fading for thousands of New Yorkers," said New York City Public Advocate Bill de Blasio. "We must break the logjam and pass paid sick leave in the City Council. We have to protect low-wage workers fighting union busting employers. We can't tolerate inaction any longer. It's time for real action to fight for working families."
During one of the symposium workshops, a panel of labor experts discussed the obstacles facing low-wage workers in their fight to obtain such rights.
"[We've] shifted from a General Motors economy to a Wal-Mart economy," Dorian Warren, a professor of public affairs at Columbia University, said during the discussion. "[The job market is filled with] part-time jobs, low wages, no benefits, no social contract, no ability to move up in the job the way 20th century workers were able to."
Warren says that the quality of jobs in the American economy will only decline if something isn't done. He noted that 24 percent of jobs were low-wage in 2009. By 2020, that number is expected to nearly double and hit 40 percent. To make matters worse, technological "advances" are expected to increase unemployment rates by 3-5 percent moving forward.
"We're looking at an economy only of low-wage work in the future, but also of high and permanent levels of unemployment," Warren said.
The panel was moderated by acclaimed labor reporter, Steven Greenhouse of the N.Y. Times and included Angelo Falcon, president of the National Institute for Latino Policy, Deborah Axt, co-executive director of Make the Road New York, M. Patricia Smith, the solicitor of labor for U.S. Department of Labor and Ana Avendano of the AFL-CIO.
Several panelists stressed the need to combat attacks from right-minded forces seeking to erode worker wage and benefit rights. Falcon says that those fighting for worker rights must correct popular narratives, many of which categorize wage and benefit increases for workers as business-killers.
"When we talk about the minimum wage, the immediate response from business is, we're going to lose jobs because, we're only going to be able to hire a few people. We have to have an answer to that objection," Falcon said. "Through raising the minimum wage, you create job growth in terms of people being able to put more money into the economy. You're [putting] less pressure on social welfare systems...the system is still subsidizing business [when the public provides] welfare and other social services."
Warren* argued a similar point.
"I think we have to be much more explicit about targeting the right the way that they've targeted us. There's a reason why the right has gone after public sector unionism," Warren* said. "They know that's where the heart of the labor movement is in terms of funding and in terms of membership. We have to get smarter about which parts of the right do we target to destroy ideologically, organizationally so that we can advance further our movements. "
Source
On Capitol Hill, Top Democrats and Advocates Call for Fair Schedules for Millions of Workers
***Media Advisory for July 22, 2 PM, Capitol Hill, Washington DC***
Contact: Dan Morris: (917)-952-8920; ...
***Media Advisory for July 22, 2 PM, Capitol Hill, Washington DC***
Contact: Dan Morris: (917)-952-8920; progressivecities2014@gmail.com Benjamin Linsley: (917) 232-0020; blinsley@populardemocracy.org
On Capitol Hill, Top Democrats and Advocates Call for Fair Schedules for Millions of Workers
*Fair Workweek Initiative and Federal Legislation Unveiled to Address National Crisis in Scheduling*
Lack of Stable, Reliable Schedules Identified as Most Urgent Workplace Issue for Three Key Groups in the Democratic Electorate: Women, People of Color, and Millenials
WHAT: On Capitol Hill,advocates, workers, and experts will unveil the Fair Workweek Initiative, a national campaign anchored by the Center for Popular Democracy to address the most urgent workplace issue facing millions of Americans: unpredictable, unstable schedules. The campaign brings together organizations from around the country, and strongly supports the Schedules That Work Act, new federal legislation that will require retailers and other employers in the service sector to give workers stable, reliable hours. This groundbreaking legislation will be introduced by top Democrats including Rep. George Miller and Rep. Rosa DeLauro on July 22nd.
The Congressional briefing on the Schedules that Work Act will spotlight the lack of stable, reliable schedules as a growing national crisis in the American workplace that Democrats around the country should seize on and highlight during the upcoming mid-term elections.
WHERE: U.S. House of Representatives, Cannon House Office Building Room 234, Washington D.C.
WHEN: Tuesday, July 22, 2:00-3:30 p.m.
WHO: Key speakers and participants are listed below.
Carrie Gleason, Director of the Fair Workweek Initiative, Center for Popular Democracy Worker leaders from OUR Walmart, Retail Action Project, Retail, Wholesale, and Department Store Union (RWDSU/UFCW), Wisconsin Jobs Now, & Restaurant Opportunities Center United Susan Lambert, Associate Professor at the University of Chicago Sherry Leiwant, Co-President, A Better Balance Jodie Levin-Epstein, Deputy Director, Center for Law and Social Policy Paul Sonn, Legal Director, National Employment Law Project (NELP) Liz Watson, Director of Workplace Justice for Women, National Women’s Law Center The Congressional Briefing for the Schedules that Work Act is supported by: 9to5, A Better Balance, Center for Law and Social Policy, Coalition of Labor Union Women, Family Values @ Work, Gender Justice, Good Jobs Nation, CTW, Jobs with Justice, Labor Project for Working Families, Legal Aid Society-Employment Law Center, National Council of Women’s Organizations, National Employment Law Project, National Partnership for Women & Families, OUR Walmart, Restaurant Opportunities Centers United, Retail Action Project, the Retail, Wholesale and Department Store Union, Taskforce on Older Women’s Economic Security, UNITE HERE, United Food and Commercial Workers, and Women Employed.May Day March in NYC to Call Out Trump Agenda
NEW YORK - A number of people were arrested Monday in Manhattan during an event for May Day, also known as International Workers Day.
May Day is traditionally a day of activism for worker...
NEW YORK - A number of people were arrested Monday in Manhattan during an event for May Day, also known as International Workers Day.
May Day is traditionally a day of activism for worker and immigrant rights groups.
A dozen protesters were taken into custody when they refused to move away from the entrance at the Midtown headquarters of JP Morgan Chase.
Read full article here.
Transcript: Netroots Annual ConfeCPD and Local Progress Mentioned in C-Span during Netroots Conventionrence
Transcript: Netroots Annual ConfeCPD and Local Progress Mentioned in C-Span during Netroots Conventionrence
...codirector of Local Progress, a national group that unites progressive local officials and allied organizations. It is run by the Center for popular Democracy...
...
...codirector of Local Progress, a national group that unites progressive local officials and allied organizations. It is run by the Center for popular Democracy...
Read the transcript here.
National day of action set to protest Dakota Access Pipeline
National day of action set to protest Dakota Access Pipeline
A national day of action will take place Tuesday, Nov. 15, to call for a permanent rejection of the Dakota Access Pipeline under the threat of a Donald Trump presidency.
This call to action...
A national day of action will take place Tuesday, Nov. 15, to call for a permanent rejection of the Dakota Access Pipeline under the threat of a Donald Trump presidency.
This call to action from indigenous leaders at Standing Rock, North Dakota, is in response to increased violent repression from militarized police as the pipeline company continues construction on sacred land despite a voluntary hold by the U.S. Army Corps of Engineers, according to a news release from organizers.
More than 200 actions have been planned, with thousands of people expected to participate.
The Indigenous Environmental Network and Honor the Earth is coordinating the effort in solidarity with indigenous peoples at Standing Rock and with support from other climate and social justice groups across the country, including: 350.org, Native Organizers Alliance, National Nurses United, Hip Hop Caucus, CREDO, BOLD Alliance, Greenpeace USA, Beyond Extreme Energy, Rainforest Action Network, Stand.earth, Oil Change International, Our Revolution, Center for Popular Democracy, Powershift Network, Earthworks, Food and Water Watch, Justice and Witness Ministries, United Church of Christ, Center for Biological Diversity, Daily Kos, Natural Resources Defense Council, Sierra Club, Iraq Veterans against the War, Ruckus Society, Friends of the Earth, Climate Hawks Vote, and many more.
Actions will be held in Washington, New York City, San Francisco, Los Angeles, and dozens of other cities across the country and worldwide.
A list of actions and partner organizations can be found here, including details for actions in Wisconsin cities of Green Bay, Milwaukee, Madison and Stevens Point.
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Commentary: I need the economy to give me a fair chance
Commentary: I need the economy to give me a fair chance
I'VE ALWAYS enjoyed talking with people, and, as long as I can remember, I wanted to work in the hotel industry. It's been my dream to work with guests at the front desk to make sure they have the...
I'VE ALWAYS enjoyed talking with people, and, as long as I can remember, I wanted to work in the hotel industry. It's been my dream to work with guests at the front desk to make sure they have the best experience possible.
As an African-American woman, I knew that lucky breaks weren't going to be handed to me, so I did everything I could to achieve my dreams. I went to school and got my bachelor's degree in hospitality and hotel management in 2000 from the Indiana University of Pennsylvania.
However, apart from a brief internship after college at the Best Western and a year at the Hilton working at the switchboard, which was almost a decade ago, I haven't been able to find work in my chosen field - a field in which I have a degree.
I've heard people say the recession is over because the unemployment rate is about 5 percent. But I can tell you that things are still really bad in the black community. Currently, unemployment for blacks is about 9 percent.
I've always been politically active and serve as the judge of elections in my voting district. So when I heard about a campaign that calls on the Federal Reserve to ensure that everybody gets decent paying work, including black folks, I was eager to join.
When I got my degree 16 years ago, the economy was in decent shape. Armed with my degree, the internship experience and good recommendations, I didn't expect to have any problems getting a job in a hotel. I applied to two dozen jobs and, after being turned down at all of them, I had to take other kinds of jobs in food service or customer service.
Finally, after many years, I got my switchboard job at the Hilton. Even though I was getting only $10 an hour, I was excited to finally be working at a hotel and thought I would just stay there and work my way up. But the recession hit in 2008, and I was laid off a year later.
That's when things became really tough. The recession hit African-American women, even college-educated ones like me, particularly hard. I've worked on and off since 2008, but finding good work has become almost impossible. At one point, I was traveling two hours each way to get to my job at a state-run liquor store.
I eventually had to quit when I suffered severe medical issues. I was diagnosed with a neurological condition and uterine fibroids, all within a matter of months. A couple of years ago, I was able to work again and joined a job skills program. The program placed me at a job where I work part-time - only 20 hours a week - as a cashier and food server at a university dining hall.
The unemployment rate apparently counts people like me as employed, even though I don't work enough hours to pay my bills. I'm overqualified and underpaid (I earn $11.25 an hour), but since I'm working - even though I'm still on Medicaid and food stamps - I'm used as evidence to say the recession is over.
Involuntary part-time unemployment is a more accurate figure to look at. It's over 15 percent for blacks! That's a whole lot of people who aren't making ends meet, but are still being counted as working.
People need to know that the Federal Reserve has incredible power over the economy and people's lives. It might seem very abstract, but it's not. If the Federal Reserve keeps interest rates low, the economy will continue to grow and people like me will be able to find full-time jobs or better paying work. If it raises rates because it claims the economy is doing well, it will be tougher for everyone to find jobs.
I'm going to Jackson Hole, Wyo., next week to join a protest against the Federal Reserve, which holds a symposium there every year. We want the president of the Philadelphia Fed, Patrick Harker, and the rest of the Fed, to see what regular folks go through beyond the numbers in the headlines.
Every week, I still go online to look for jobs at large hotel chains. I know that one of these days I will work at a hotel again. I just need the economy to give me a fair chance.
Salwa Shabazz lives in Philadelphia and is a member of the Fed Up campaign, an initiative of the Center for Popular Democracy.
By Salwa Shabazz
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4 days ago
4 days ago