Workforce Development News – July 20, 2020

By on July 20, 2020
America’s Hidden Economic Crisis: Widespread Wage Cuts

A weekly collection of articles on workforce development, employment and training, business performance improvement, leadership, higher education, and the economy.

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How The Experts Are Measuring The Economic Recovery

“America has a long way to go before things are back to their pre-pandemic baseline.”
https://fivethirtyeight.com/features/how-the-experts-are-measuring-the-economic-recovery/

The New Normal: Overwhelmed Morgues, Crowded Hospitals, Older Americans Stuck at Home

“The panic and urgency that led most of the country to lock down in the spring is mostly absent this summer, giving way to a new desensitizing reality.”
https://www.politico.com/news/2020/07/17/the-new-normal-overwhelmed-morgues-crowded-hospitals-older-americans-stuck-at-home-368526

A Second Coronavirus Death Surge Is Coming

“There was always a logical explanation for why cases rose through the end of June while deaths did not.”
https://www.theatlantic.com/health/archive/2020/07/second-coronavirus-death-surge/614122/

Federal Reserve Beige Book – July 15, 2020

“St. Louis: Overall conditions remain significantly depressed and the pace of recovery appears to have slowed since mid-June. In comparison with our previous report, the outlook among contacts is slightly more pessimistic while also much more uncertain.”
https://www.federalreserve.gov/monetarypolicy/beigebook202007.htm

America’s Hidden Economic Crisis: Widespread Wage Cuts

“Employers are using pay cuts to stay afloat during the recession, an unusual move that could signal deep damage to the labor market.”
https://www.politico.com/news/2020/07/19/wage-cuts-economy-crisis-368508

Country’s Economic Performance in Large Part Depends on What Happens with COVID-19

Fed President Patrick Harker “projected an approximately negative 20 percent real GDP growth in the first half of this year followed by a 13 percent growth in the second half. Full-year growth would end up at around negative 6 percent.”
https://www.philadelphiafed.org/publications/speeches/harker/2020/07-15-20-center-city-proprietors

College Alumni See Room for Job-Skill Improvement

“Recent graduates most frequently wish they had received more training in networking and computer software skills.”
https://news.gallup.com/poll/315500/college-alumni-room-job-skill-improvement.aspx

5 Lessons From the Teams Defining Manufacturing’s New Normal

“Manufacturing is better suited to remote work than anyone could have guessed. Having the right tech makes a difference. Humans are still essential.”
https://www.forbes.com/sites/natanlinder/2020/07/17/5-lessons-from-the-teams-defining-manufacturings-new-normal/

When you see something that is not right, not fair, not just, you have to speak up. You have to do something.” – John Lewis

About Richard Schumacher

Richard Schumacher is the technology manager for the Workforce Solutions Group of St. Louis Community College. He connects, designs, and applies technology to meet business user needs with eLearning, training, web content, instructional design, IT system, and performance improvement solutions. Richard has held various Microsoft Certifications since 1993. Learn more about Richard by following him: LinkedIn - Twitter - Articles - Email

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