EP 200: The Impact of the "Pandemic Exodus" on Jobs and Earnings - with Economist Michael Madowitz
In this milestone 200th episode, Carol speaks with Michael Madowitz, an economist for the Center for American Progress whose work includes a focus on labor markets and household budgeting at different life stages. Note: this episode was recorded in June 2021 and commentary is based on that point in time. Michael discusses the full cost of career breaks taken due to the pandemic (it's way more than forgone salary alone), how this may impact relaunchers going forward, the “silver lining” as to how career breaks may be perceived post-Covid, and the trends he’s seen so far in the economic recovery. Relaunchers and relaunchers-to-be should also listen to Episode 60 to hear Michael discuss the CAP Calculator he created, and which he used in a recent Newsweek article to estimate lost income to a woman who left the workforce during Covid.
Helpful note when listening to this episode: Economists' definition of "Unemployed" is "did not work for pay or profit in the last week and actively looked for work in the past four weeks."
Center for American Progress: https://www.americanprogress.org/
CAP Calculator: https://interactives.americanprogress.org/childcarecosts/
EP 60: “The Cost of a Career Break” with Economist Michael Madowitz https://podcasts.apple.com/us/podcast/ep-60-cost-career-break-economist-michael-madowitz/id1202049234?i=1000422614506