That’s not the only good news:
While inflation remains a real concern, wage growth is also important to talk about. Economist Aaron Sojourner notes that wage growth is strongest for young workers, and wonders if stronger wage growth for older workers would pull more of them back into the workforce.
The economy isn’t all the way back from the coronavirus pandemic (just as the pandemic itself isn’t over, no matter how much we might wish otherwise). There are still 1.6 million fewer jobs than there were pre-pandemic, and the job growth that we would otherwise have expected to see through two years is also missing. In particular, public sector employment lags. But the recovery has been astonishingly much stronger than the recovery from the 2008-2009 recession, and both the EPI’s Heidi Shierholz and the Roosevelt Institute’s Mike Konczal point out that this is directly due to policy choices—especially the American Rescue Plan.
The economy is not perfect. But the recovery is incredibly strong and there is so much good news to report. Not that you’d know it from watching cable news or skimming the headlines.
Listen to Senate Majority PAC’s J.B. Poerch talk about 2022 Senate races with Markos and Daily Kos Elections’ David Nir on The Brief podcast
Comments are closed on this story.