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Rising prices and workers moving to involuntary part-time status impact living-wage jobs
WASHINGTON, Aug. 17, 2022 /PRNewswire/ — Even though government-reported statistics show inflation easing and jobs being added, the percentage of the American workforce unable to find and maintain living-wage jobs inched upward slightly for July, according to an analysis by the Ludwig Institute for Shared Economic Prosperity (LISEP).
In its monthly True Rate of Unemployment (TRU) for July, LISEP reported that 22.3% of American workers are now classified as “functionally unemployed,” defined as the jobless, plus those seeking but unable to secure full-time employment paying above the poverty line after adjusting for inflation. This is an increase of 0.2 …
Full story available on Benzinga.com
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