Julianne Malveaux On Business and Economics

 

THE LAYOFF LAMENT PRECEDED TERRORISM

BY JULIANNE MALVEAUX

 

            New York City says its needs billions of dollars of federal funds to recover from the terrorist attacks of September 11.  Washington, DC is asking for a more modest bailout, of $750 million, to help the city through lost tourism, low hotel occupancy rates, and fewer jobs.  The airlines want money and so does everyone else.  And, so far, everyone is getting it but workers.

 

                If you had not been paying attention, you’d think that 9-11 wrecked havoc on our labor market.  But last week’s report from the Bureau of Labor Statistics says the downward slide in our employment situation began weeks before terrorists toppled the Twin Towers.  Payroll employment fell by 199,000 between August and September, well before the airlines said they’d lay off about 100,000 people.  Daily, there are reports about new layoffs.  After announcing 32,000 job cuts earlier this year, Motorola announced on October 10 that that they were cutting another 7000 jobs.   On the same day that Motorola upped its job cut ante to 26 percent of the total labor force, Goodyear Tire and Rubber Company said they’d cut 1400 jobs at their five US plants.  With a labor force of more than 135 million people, a few thousand jobs here or there don’t seem to make much of a difference.  But every job lost has an impact both on other employment and on consumer confidence, so the daily layoff litany can’t help economic recovery much.

 

                The multiplier between airline jobs and other jobs in the tourist industry is something between 3 or 4 to 1.  That means that for every flight attendant or pilot laid off, there are three or four other works, usually less advantages, also pushed to pounding pavement.  Food service and retail service workers in airports, hotel service workers, and tour guides all take a hit when fewer people move around.  But if we are honest, we’ll acknowledge that air traffic is not only off because people are afraid of flying.  Before September 11, some companies had asked their employees to curtail travel because they weren’t sure which way the economy was blowing.

 

                Others who specialized in conferences, tourism, and hospitality wondered whether their sector would weather pessimistic prognostications.  When the level of economic growth drops from 5 percent per quarter to something under one percent, the macroeconomic numbers don’t say “recession”, but the micro numbers suggest such a relative fall in income that words like “recession” are useless in capturing the effect of change.  The free fall that seemed to be taking place before 9-11 was exacerbated by that day’s events, pushing a slow drift into a sharp downturn.  People are less interested in what pushed us down than in what will provide our economy with some upward stimulus.

 

                Unfortunately, the Congress has focused on what cities and industry will need, but few have focused on what workers will need.  Since consumer spending represents two-thirds of our economic activity, employment levels make a real difference in our nation’s economic health.  If we really want economic recovery, we need to put money in worker’s pockets by extending the amount of time that people can collect unemployment benefits, by providing re-training to workers who are being shifted from one sector to another.     Most of the industrial sectors that ask for help are asking that their structural organizations get assistance.  Few of them are asking that funds trickle down to the lowest-paid workers in their industry.  Most are saying that they need to be saved, but few have asked whether those who are subcontractors should also get help.  Equity issues – those that deal with minority employment or minority business development – are being swallowed in the name of national unity.  This suggests that bailout funds should only be provided to reinforce the status quo. 

 

                If we persist in believing that softness in the labor market is only a function of 9-11, we might decide to favor industry over individuals.  On the other hand, if we understand that those at the periphery have an essential role in our nation’s economic recovery, then we might decide to skew benefits toward them.  The hospitality industry spills over with the low-waged – waiters, housekeepers, bellmen, and parking lot attendants – who are invisibly hit by the downturn.  Is there favor in our system for these workers?  Is there favor in our system for those at the bottom, regardless of the cause of their layoff?

 

                The layoff lament didn’t start with 9-11.  We can end it, though, by extending industrial-sized bailouts to those at the bottom.  Corporate interests have lined up to have their fill at the government trough.  Shouldn’t workers have the same consideration?


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