As I've been saying all along . . . Eric
________________________________
From: Economic Policy Institute <newsletter@xxxxxxx>
Sent: Thursday, June 3, 2021 6:01 AM
To: ericprussell@xxxxxxxxxxx <ericprussell@xxxxxxxxxxx>
Subject: EPI podcast: Fact-checking the labor shortage hype
EPI’s Heidi Shierholz and Josh Bivens debunk the myth that “too generous”
unemployment benefits are leading to a labor shortage.
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Fact-checking the labor shortage
hype<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fepi.us4.list-manage.com%2Ftrack%2Fclick%3Fu%3Dec2361f981a14ee1d45cccaa9%26id%3Dda4794fa52%26e%3Dab7203838f&data=04%7C01%7C%7C633bc861f4a6497ca40608d926774920%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637583116034794193%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=UHrh%2BQ0YktnUjirERmCgbVO7NTkG7HN%2BaWryE3BfQbE%3D&reserved=0>
In the first episode of EPI’s relaunched State of Working America podcast,
EPI’s Heidi Shierholz and Josh Bivens debunk the myth that “too generous”
unemployment benefits are leading to a labor shortage. Listen to the
episode<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fepi.us4.list-manage.com%2Ftrack%2Fclick%3Fu%3Dec2361f981a14ee1d45cccaa9%26id%3D06cb8266a4%26e%3Dab7203838f&data=04%7C01%7C%7C633bc861f4a6497ca40608d926774920%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637583116034794193%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=%2BtqmDWBML5EiybKk6qJDcuejzbtg3dk85LaCdMdfOwo%3D&reserved=0>
| Read their
analysis<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fepi.us4.list-manage.com%2Ftrack%2Fclick%3Fu%3Dec2361f981a14ee1d45cccaa9%26id%3D5a669aa969%26e%3Dab7203838f&data=04%7C01%7C%7C633bc861f4a6497ca40608d926774920%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637583116034804183%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=2ZvGmOmGopG3%2FBLCW6Dhlm9Uq75mKNHKIrKUa2rLLog%3D&reserved=0>
[https://mcusercontent.com/ec2361f981a14ee1d45cccaa9/images/20efe31d-431d-9235-1586-c730a2857674.jpg]
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‘It’s not a labor shortage, it’s a wage
shortage’<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fepi.us4.list-manage.com%2Ftrack%2Fclick%3Fu%3Dec2361f981a14ee1d45cccaa9%26id%3D25614a16cf%26e%3Dab7203838f&data=04%7C01%7C%7C633bc861f4a6497ca40608d926774920%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637583116034814179%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=1TDZzA7WTfZfl9CnVUkvOrqhpfsKhtiEFXlbWthgYM0%3D&reserved=0>
Shierholz also discussed the labor shortage myth on the Pitchfork Economics
podcast: “The thing that I always suggest that people say is—when they hear an
employer say, ‘I can’t find the workers that I need’—always add the phrase ‘at
the wage I want to pay.’” Listen to the
episode<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fepi.us4.list-manage.com%2Ftrack%2Fclick%3Fu%3Dec2361f981a14ee1d45cccaa9%26id%3De9770869c2%26e%3Dab7203838f&data=04%7C01%7C%7C633bc861f4a6497ca40608d926774920%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637583116034814179%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=rOeP%2BrdS9v7Z4v29r2QTBYp5eLUINF%2FbEyZcRCLXGT8%3D&reserved=0>
[https://mcusercontent.com/ec2361f981a14ee1d45cccaa9/images/a8545378-ecdf-305b-99a0-4631feb994c2.jpg]
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What if it’s not a labor shortage, but just the return of tipping customers
driving wage growth in
restaurants?<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fepi.us4.list-manage.com%2Ftrack%2Fclick%3Fu%3Dec2361f981a14ee1d45cccaa9%26id%3D0c8d2ea0d6%26e%3Dab7203838f&data=04%7C01%7C%7C633bc861f4a6497ca40608d926774920%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637583116034824174%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=XoPcFyGuA3fkVQXm0%2B%2B6H7vI6aPnRqLdNRR6Vyo5Dtg%3D&reserved=0>
Since December 2020, the rise in tip income, not an increase in base wages, can
likely entirely explain the acceleration of wages for production and
nonsupervisory workers in restaurants and bars. Read the blog
post<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fepi.us4.list-manage.com%2Ftrack%2Fclick%3Fu%3Dec2361f981a14ee1d45cccaa9%26id%3Deaf10727fe%26e%3Dab7203838f&data=04%7C01%7C%7C633bc861f4a6497ca40608d926774920%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637583116034834168%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=Zl2FnukF1HqxWA0M9zNlrmZ5XTy6y66vXw5j%2FSUNZGs%3D&reserved=0>
Share the podcast:
Fact-checking the labor shortage hype
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What we’re talking about
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Disparities persist in who can
telework<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fepi.us4.list-manage.com%2Ftrack%2Fclick%3Fu%3Dec2361f981a14ee1d45cccaa9%26id%3Dba792c8570%26e%3Dab7203838f&data=04%7C01%7C%7C633bc861f4a6497ca40608d926774920%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637583116034864147%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=1jG1pwRFkmGwJuO6mLyDEg9BUAp%2FWubinkfuYgqtNh4%3D&reserved=0>
Recent media reports have focused on workers who were working from home during
the pandemic and now don’t want to go back to the workplace. But the majority
of workers never had that luxury. Black and Hispanic workers, in particular,
have been less likely to be able to telework during COVID. Read the blog
post<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fepi.us4.list-manage.com%2Ftrack%2Fclick%3Fu%3Dec2361f981a14ee1d45cccaa9%26id%3Dc4aad78bd9%26e%3Dab7203838f&data=04%7C01%7C%7C633bc861f4a6497ca40608d926774920%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637583116034864147%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=UaorRIv5UmNSC1era%2FXsDWQqAmV0WfnQMH9rS6R5%2Fh0%3D&reserved=0>
[https://mcusercontent.com/ec2361f981a14ee1d45cccaa9/images/21cf7277-5765-c1af-3d2c-f6f486a57e3f.jpg]
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Labor rights and civil rights: One intertwined
struggle<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fepi.us4.list-manage.com%2Ftrack%2Fclick%3Fu%3Dec2361f981a14ee1d45cccaa9%26id%3D62bb9c1979%26e%3Dab7203838f&data=04%7C01%7C%7C633bc861f4a6497ca40608d926774920%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637583116034874144%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=KaqdQYtZR9GE7IM4z3HMSy7NcIZa%2FRmvYkzHmh0%2FGVY%3D&reserved=0>
The core idea behind “civil rights” is that people should have the freedom to
exist in political and social equality with one another. But in the context of
employment, an individual worker has a starkly unequal relationship with their
employer. Read the blog
post<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fepi.us4.list-manage.com%2Ftrack%2Fclick%3Fu%3Dec2361f981a14ee1d45cccaa9%26id%3Dd902cde9ad%26e%3Dab7203838f&data=04%7C01%7C%7C633bc861f4a6497ca40608d926774920%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637583116034874144%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=tNDRqBc4oT3DZU1JiEA6VGZqVwSH9spZdQHA9nu5uZI%3D&reserved=0>
[https://mcusercontent.com/ec2361f981a14ee1d45cccaa9/images/1f3702b6-49cb-ccab-1935-dae5998bbde8.jpg]
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The president’s budget shows what true ‘fiscal responsibility’
means<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fepi.us4.list-manage.com%2Ftrack%2Fclick%3Fu%3Dec2361f981a14ee1d45cccaa9%26id%3Dd4156fb038%26e%3Dab7203838f&data=04%7C01%7C%7C633bc861f4a6497ca40608d926774920%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637583116034884137%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=Wf%2FkhK2aInTEcJKy3CI4YAabDIkPc61MBQBiYG%2FeMC0%3D&reserved=0>
The first priorities of fiscal policy should be ensuring high-pressure labor
markets and low unemployment, and reducing inequality. The president’s budget
scores extremely high on these. Read the blog
post<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fepi.us4.list-manage.com%2Ftrack%2Fclick%3Fu%3Dec2361f981a14ee1d45cccaa9%26id%3Db66615a239%26e%3Dab7203838f&data=04%7C01%7C%7C633bc861f4a6497ca40608d926774920%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637583116034894136%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=hksJ%2FWbjMpEr1k7HM2K%2FHsxB7dZai8nbvl8R0hrMJ1k%3D&reserved=0>
[https://mcusercontent.com/ec2361f981a14ee1d45cccaa9/images/7263d888-c74c-d7c2-03c3-db5a50b506db.png]
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CEO pay jumped nearly 16% in
2020<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fepi.us4.list-manage.com%2Ftrack%2Fclick%3Fu%3Dec2361f981a14ee1d45cccaa9%26id%3D8a52cc27c3%26e%3Dab7203838f&data=04%7C01%7C%7C633bc861f4a6497ca40608d926774920%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637583116034904129%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=FJ1ulhJBuoNDdC8Xj4IimI0oG6ZSBlAbTOJwsIbUBCI%3D&reserved=0>
CEO offers to forgo salary increases during the pandemic were largely symbolic.
Salaries were stable, but many CEOs pocketed a windfall by cashing in stock
options and obtaining vested stock awards. Read the blog
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Thea Lee on international labor
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Former EPI president Thea Lee spoke with Politico about her agenda as newly
appointed head of the Bureau of International Labor Affairs: “We’re going to
use the bully pulpit, we’re going to use the trade commitments, and we’re going
to use our technical assistance to send a consistent message across the board
about how we value workers’ rights.” Read the
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What we’re reading
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Workers Should Have the Power to Say
‘No’<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fepi.us4.list-manage.com%2Ftrack%2Fclick%3Fu%3Dec2361f981a14ee1d45cccaa9%26id%3D57d16072b3%26e%3Dab7203838f&data=04%7C01%7C%7C633bc861f4a6497ca40608d926774920%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637583116034934112%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=51mNyle70svManbhHKK8lN8zto2ivCF9grlE9bdKypk%3D&reserved=0>
The job of the government is not to ensure a supply of workers at whatever wage
rates businesses set. And workers’ having the power to say no is not a policy
problem that the government needs to solve. Read the
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‘Breaking Point’: Restaurant Workers Push Back Amid Unemployment Benefit
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Across the U.S., restaurants have complained of a labor shortage. But the data,
and many current and former restaurant employees, question the narrative that
unemployment benefits are the cause. Read the
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EPI podcast: Fact-checking the labor shortage hype
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