The Media Is Ignoring An Economic Boom For Workers
The American Rescue Plan and other Democratic programs have driven a historic economic recovery in the United States.
The current economic recovery we’re seeing in the U.S. isn’t just remarkably rapid — it’s especially improving the lives of working-class Americans. And it’s being driven by Democratic policies that were passed and implemented in the last year.
The U.S. has added an average of 582,000 jobs per month in 2021, for a total of 5.8 million new jobs this year. That makes it one of the fastest recoveries—from one of the biggest downturns—in decades. Wages and salaries increased 4.6% from September 2020 – September 2021. And they’re increasing especially for those who have historically been left behind during past recoveries. Even when you account for inflation, the bottom 70% of workers are seeing real hourly wage increases.
With more wealth and greater prospects for the future, American workers now feel secure enough to leave their jobs and find new ones — ones with better wages and working conditions. The quit rate is at a record high for the 21st century, and the hiring rate is at a record high too.
What’s driving this historic recovery? The American Rescue Plan and Democratic investments stimulus, unemployment benefits, the child tax credit, and food assistance programs. If we want to keep up the progress, Congress must pass Build Back Better.