The Economic Policy Institute, a left-leaning think tank, said nearly 3 million more jobs would have been added if the current pre-pandemic pace of job creation had continued uninterrupted.“The K-shaped recovery we have observed so far still threatens to persist as many Americans on Main Street don’t benefit much from the large-scale monetary stimulus initiatives,” and the market gains that has elicited, said Steve Rick, chief economist at CUNA Mutual Group.
Experts said the prospect of investing more in the nation’s workforce as laid out in President Joe Biden’s economic recovery plans is the country’s best shot at replacing some of those jobs and having a qualified pool of labor to fill them.More money for education and training, experts said, could help speed the return of marginalized populations back into labor market
Getting these discouraged workers off the sidelines, he said, will take a massive re-skilling initiative to reengage this pool of workers with the new economic reality
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