Wednesday, July 15, 2020

Unemployed Should ‘Find Something New,’ Urge Heirs to Fred Trump’s Fortune

https://nymag.com/intelligencer/2020/07/find-something-new-trump-donald-ivanka-unemployment.html

The White House has started a new campaign urging Americans who have bad jobs or no jobs to “Find Something New.” Ivanka Trump, who has spearheaded this initiative, explains, “There has never been a more critical time for Americans of all ages and backgrounds to be aware of the multiple pathways to career success and gain the vocational training and skills they need to fill jobs in a changing economy.”

Statistically speaking, in fact, you probably will not find something. The labor market is suffering two simultaneous crises: a pandemic that directly prevents a lot of economic activity from taking place and a broader failure of demand rippling through the rest of the economy. The more than 10 percent of working-age adults unable to find regular work are jobless not because they lack the skills for the needed jobs but because there is not enough demand for labor.

 

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