Discover and read the best of Twitter Threads about #careeconomy

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Australia's latest labour force numbers paint a glowing picture, with employment and hours worked at record highs

But this doesn't give the full picture of workforce realities

Looking closer, it's Healthcare & Social Assistance fuelling this job growth

#ausecon #economy #jobs
This is unsurprising, given we're in a pandemic.

But it's worrying, because we know workers in this industry are being pushed to the brink.

Soaring growth in Healthcare & Social Assistance jobs includes almost 12,000 more workers who are now clocking up 50+ hours weekly
Shortfalls in the workforce capacity of Australia's Healthcare & Social Assistance sector is illustrated in job vacancy numbers.

The sector is currently battling a pandemic with 60,000 unfilled vacancies.

That's more than double pre-pandemic levels.

#COVID19Au #ausecon #auspol
Read 6 tweets
Have been crunching numbers on the relative size of the #CareEconomy in Canada, re paid work and contribution to GDP.
First, definition: health services (includes eldercare, home care, long-term care, social assistance) and education services (from childcare through PSE).

Why include education services? Because it develops the potential of our youngest citizens, labour market entrants, and those with jobs or displaced from jobs.
Pre-pandemic (2019) the Care Economy's % of GDP: 12.3% [health 7%, educ 5.3%]. Was 12.25% in 2020.

Real estate: 12.7% (13.7% in 2020)
Manufacturing: 10% (9.5% in 2020)
Construction: 7.2% (7.3%)
Finance/Insurance: 6.9% (7.6%)
Oil and Gas: 5.6% (5.6%)
Retail: 5% (5.2%)

Read 8 tweets
I seem to have time this summer to read another intriguing book by a #MMT scholar. So, what follows is some remarks on @ptcherneva's "The Case for a Job Guarantee".

1) From the top a very readable and eloquent presentation - I like the compactness of this book series.

2) It is difficult to find more timely subject for non-fiction book. @ptcherneva portrays nicely why everbody should be interested in #JobGuarantee proposal. Everyday examples in the introduction bring the unemployment question to right level of abstraction.

(To be continued...)
3) Why do we need #JobGuarantee? Because the current policy regime relying on the idea of natural unemployment (NAIRU) is theoretically flawed and morally questionable. The relation between inflation and employment is at best shady. The RIGHT level of unemployment is zero.

Read 22 tweets

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