Sunday , November 24 2024
Home / Mike Norman Economics / The United States needs a new Works Progress Administration to overcome the coronavirus recession — Delaney Crampton

The United States needs a new Works Progress Administration to overcome the coronavirus recession — Delaney Crampton

Summary:
This program would provide a needed boost for our economy. Analysis shows young and low-income workers have been particularly hit hard by layoffs. Workers earning less than per hour were 115 percent more likely to be laid off than those earning per hour or more. And workers under age 25 were 93 percent more likely to have been laid off than those who are 35 and older. A WPA-like program in 2020 would create openings for safe job opportunities for the hardest-hit workers, particularly low-income and younger workers. Ideally, workers in these jobs would learn new skills and be able to transition into nursing and home healthcare jobs during the post-pandemic economic recovery should they choose to do so.... WCEG — The EquitablogThe United States needs a new Works Progress

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it

Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister

New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice

Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.

This program would provide a needed boost for our economy. Analysis shows young and low-income workers have been particularly hit hard by layoffs. Workers earning less than $20 per hour were 115 percent more likely to be laid off than those earning $30 per hour or more. And workers under age 25 were 93 percent more likely to have been laid off than those who are 35 and older.
A WPA-like program in 2020 would create openings for safe job opportunities for the hardest-hit workers, particularly low-income and younger workers. Ideally, workers in these jobs would learn new skills and be able to transition into nursing and home healthcare jobs during the post-pandemic economic recovery should they choose to do so....
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *