Brutal education job losses

You’ve probably seen that many of the billionaires have become even more glutted beyond the dreams of avarice, during the pandemic. There is a long list of far better uses to which that money should be put. If you ask me, preventing this would be #1.

It has been well documented that fiscal austerity was a catastrophe for the recovery from the Great Recession. New estimates show that without sufficient aid to state and local governments, the COVID-19 shock could lead to a revenue shortfall of nearly $1 trillion by 2021 for state and local governments. In lieu of substantial federal investments, budget cuts are certain. But I, for one, did not expect to see the losses as soon as April. As of the latest jobs report from the Bureau of Labor Statistics (BLS), state and local government employment fell by 981,000, with the vast majority of losses found in local government. And the majority of those local government losses are in the education sector, with a loss of 468,800 jobs in local public school employment alone. - EPI