Attention Economy


Saturday, February 4, 2023

Pandemic's Ongoing Impact on the American Economy

America’s offices are now half-full. They may not get much fuller.
https://www.washingtonpost.com/business/2023/02/04/return-to-office-occupancy-status/


Side Hustles Are Twice as Common as US Jobs Data Suggest, Survey Finds
https://www.bloomberg.com/news/articles/2023-02-06/side-hustles-twice-as-common-as-us-jobs-data-show-survey-finds
Side hustles are twice as prevalent as government data suggests, indicating that more Americans need to work multiple jobs to make ends meet amid historically high inflation.

Restaurants can’t find workers because they’ve found better jobs
https://www.washingtonpost.com/business/2023/02/03/worker-shortage-restaurants-hotels-economy/
An estimated 2.5 million people have died, retired or otherwise dropped out since 2020. Americans older than 55, in particular, stopped working at heightened rates during the pandemic because of covid-related health risks. Plus, rapid run-ups in home values and stock prices made it financially viable for scores of older Americans to retire. Those extra vacancies in the job market, researchers have found, created room for people in the service industry to move into new lines of work. 

Raises for Retail Workers Won't Protect Them from Automation
https://www.bloomberg.com/opinion/articles/2023-02-06/walmart-amazon-raise-wages-as-automation-cuts-retail-jobs-hours
Increasing wages at Walmart and its competitors is a positive move, but automation is reducing jobs and the hours staff are needed.
 
Child Care Hasn’t Recovered from Covid, Keeping Many Parents at Home
https://www.wsj.com/articles/child-care-hasnt-recovered-from-covid-keeping-many-parents-at-home-11675654065
In large cities, the cost of child care can eat up nearly a fifth of median family income

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