• A survey found 44% of workers took on second jobs to make ends meet, and 28% said inflation was the reason they took on an extra job.
• The July jobs report showed labor-force participation dropped t o 62.1% in July, significantly lower than the pre-pandemic rate.
• “Collapsing real wages force many workers to moonlight to pay the bills,” said economist Peter Schiff.

Tagged: #Bidenflation