On Friday, Labor Secretary Marty Walsh presented a new government plan to increase employment quality and access, as Americans continue to quit labor at unprecedented rates due to the Covid-19 epidemic.
Marty Walsh, the former mayor of Boston, presented the Good Jobs Initiative during the US Conference of Mayors in Washington. The program, coordinated by the Labor Department, would build a comprehensive framework throughout the federal government to teach employees of their rights, including the right to collective bargaining, engage companies in improving jobs to retain workers, and deploy federal agencies to support the plan.
Marty Walsh Determined To Fix The Labor Crisis
The new project comes at a time when America‘s work market is undergoing complicated and significant changes, described by some as the “great resignation.”
While the country’s unemployment rate is no longer as high as it was at the onset of the epidemic, there is a labor shortage, causing many firms to struggle to keep up with demand.
In November, a record 4.5 million Americans departed their employment, although many of those departures were young individuals looking for new opportunities or higher pay.
While a multitude of factors has contributed to Americans leaving the labor field, early retirement has had a significant impact.
According to Goldman Sachs experts, about 70% of the 5 million persons who left the labor market during the epidemic were above the age of 55, with many refusing to return to work.
Marty Walsh said in an interview before introducing the Good Employment Initiative that many Americans are abandoning their jobs because they want more from their companies.
The proposal was inspired by the bipartisan Infrastructure Investment and Jobs Act, which was passed into law last year, according to Walsh. According to the Labor Department, a goal of the program will be to promote the execution of the bipartisan infrastructure bill, directing job creation through infrastructure investments.