The jobs that won't come back

1 big thing

Axios

News

4.0 • 2K Ratings

🗓️ 24 June 2020

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

In February, the U.S. job market was at a 60 year peak. Now, months into a pandemic and an economic recession, many of the job losses are more permanent than previously thought. The pandemic will shift what kinds of work will be available and the skills required to do it. Plus, why Axios and other news organizations are now capitalizing the "B" in Black when referring to people, or communities who identify as Black. Why wearing a mask is now less about the risk of getting infected and more about our views about the best way of getting back to "normal life.' And, Major League Baseball is officially happening this summer. Just 60 games, no public crowds and many details still to be sorted out. Start date will be July 23 or 24. Guests: Axios' Erica Pandey, Sara Kehaulani Goo, and Bryan Walsh. Credits: "Axios Today" is produced in partnership with Pushkin Industries. The team includes Niala Boodhoo, Sara Kehaulani Goo, Carol Alderman, Cara Shillenn, Naomi Shavin, Nuria Marquez Martinez and Alex Sugiura. Music is composed by Evan Viola. You can reach us at podcasts@axios.com. Go deeper: How the pandemic will reshape the job market COVID-19 sweeps the South Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Do you hear that? It might sound like nothing to you, but it's actually the sound of nuclear, wind and solar energy.
0:11.0	At EDF, we're busy generating more British
0:14.2	zero carbon electricity than anyone to help keep future energy
0:17.7	cost down for everyone and help cut UK carbon emissions to nothing.
0:21.8	Sound good to you? Find out more about our
0:24.9	zero carbon generation at EDF Energy.com slash Help in Britain.
0:28.6	Good morning. It's Wednesday, June 24th. Welcome to Axios today. I'm Naila Boodoo.
0:38.8	We're here for you for just 10 minutes every weekday morning, so we promise if you give us that time
0:44.1	we'll make you smarter about your day. We're getting started today with one big
0:50.1	thing or one story you can't miss. With millions of Americans out of work
0:54.4	economists are saying certain kind of jobs just won't come back ever. There is a
0:59.2	disconnect between what the economic truth is and what people are being told, the true scope of the economic
1:06.0	harm just hasn't been discussed and is being overlooked.
1:10.1	Also why news organizations, including ours, are switching to capitalizing the B in Black in our
1:15.2	newsletters website and app when referring to the black community.
1:19.4	But first, the pandemic's permanent effects on America's labor market is today's one big thing.
1:28.9	This February before the pandemic, we have the best job market we'd seen in 60 years. By April we had the worst since the
1:36.4	Great Depression. So I asked Erica Pandey about this. She covers the future of
1:41.2	work. The big stat is something that came out of the University of Chicago last month,
1:46.0	where they found that 42% of the pandemic era temporary job losses
1:51.0	are going to be gone forever.
1:52.8	Wow, 42% of the job losses that people think are temporary will be permanent?
	...

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