Sep
30

Brawny Breadwinners

The number of employees impacted by work stoppages between 1/1/19 and 8/30/19 is 375,000, the second highest level since 2000. This must be partly motivating the striking GM workers. Relatedly, the share of low-income Americans, households with incomes below $60,000/year, who voluntarily changed jobs during the four months ending 7/19 (presumably for higher wages) hit 12% from 8% a year earlier; the highest percentage since record keeping began in 2014.

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