After facing multiple recessions, millennials are now having to navigate through an economic crisis and record-breaking inflation brought on by the pandemic. In recent months, a slew of millennials and Gen Z who were working to receive checks that didn’t cover their basic needs decided to quit, adding to the factors that led to what has been dubbed as the Great Resignation. But not all blue-collar workers exited the workforce by choice, some were forced to do so. One particular section of the workforce that’s been most affected by the ousting is largely comprised of POC, with Latinas exiting the workforce at the highest rate during the pandemic. Similarly, the rising inflation has targeted another faction of the workforce—low-income folks who simply cannot afford to pay higher prices for everyday goods and services. Despite the economic uncertainty, financial experts point to certain economic avenues that may provide relief to those willing and able to invest. Also, the active labor force is giving momentum to other social movements such as pay transparency, prompting NYC to act on those demands. There are also calls on legislators to take action, such as allowing Medicare to negotiate drug prices to reduce costs. The executive branch is also being summoned to fulfill its promise and sign off on some form of student loan forgiveness. In the meantime, it appears supply and demand has given the workforce the upper hand with the hiring rate is higher than the quit rate and companies are expected to continue increasing wages in 2022. Aaahh, a silver lining!
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Radar 2022 takes current issues and breaks them down through various perspectives across the Latinx community. Through first-person reporting and documentary-style stories woven together by our host, Gabriela Fresquez, we delve into what makes Latinxs different and what unites us. From economic inequality to racial justice and LGBTQ+ issues to the climate crisis…to whose abuelita’s Pozole recipe tastes best, we’ve got nuestra gente covered.
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