Posted on 09/12/2019 2:07:05 AM PDT by Libloather
Climate change doesn't just threaten the environment - in the years to come it's also likely to worsen income inequality by cutting into the hours, and therefore the pay, of millions of retail workers, according to a new report from the Federal Reserve.
Increasingly volatile weather patterns could mean lower income for retail industry employees, who make up roughly 10% of the U.S. workforce, an analysis by Fed economist Brigitte Roth Tran found. That's because extreme temperatures, flooding, storms and other byproducts of global warming also affect patterns of consumer spending - and even whether they go to the store at all.
That trend is likely to become more dramatic as climate change worsens, Roth Tran noted. In turn, those shifts affect retail workers, who are given fewer work hours when sales decline and more when sales increase.
"Individuals working in retail with sales-based pay or hourly wages may experience increasingly large income swings as weather becomes more variable and affects sales and hours worked," the economist wrote. "Understanding how climate change will affect the retail sector is an important component to quantifying and adapting to the effects of climate change and also to understanding its potential implications for economic inequality."
(Excerpt) Read more at cbsnews.com ...
This speculative analysis is totally demented.
Anecdotally speaking, these past few years have been quite gentle. Average snow. Average rain. Average sunshine. Average lighting...
Okay we had a hailstorm this year which you typically only see...oh, once a year.
Oh no! Raise my taxes as much as you need, Democrats. Just make this problem goes away.
Climate change could mean big pay swings for 10% of U.S. workers
Or not.
“Increasingly volatile weather patterns could mean lower income for retail industry employees”
Not demented; they’ve spent years trying to convince Americans that global warming isn’t just real, but the cause of all our misery. Now they will blame the general decline in retail (as brick & mortar businesses die, while shoppers instead shop online) and lay that at the feet of “the environment” as well.
I’ve noticed here in NJ that more and more of the opening newscasts ON LOCAL STATIONS focus on bad weather anywhere else in the world.
Increasingly volatile weather patterns could mean lower income for retail industry employees, who make up roughly 10% of the U.S. workforce, an analysis by Fed economist Brigitte Roth Tran found. That’s because extreme temperatures, flooding, storms and other byproducts of global warming also affect patterns of consumer spending - and even whether they go to the store at all.
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Hello. It’s the 21st century. Fewer people “go to the store” to buy stuff, we shop online.
Or we shop online then go to the store to purchase what we found. There are many things I would rather see and assess before buying.
Can’t go to the store when streets are flooded, okay...
>>They don’t really mention how gubmint pay will be affected by the scam.
Pensions will still pay out, don’t worry.
Hahahahahahahahahahaha.... what’s next from these morons...The NY Times stops printing due to Global Warming? If that’s the case, yea!!!
“Climate change could mean big pay swings for 10% of U.S. workers (only 11.38 years left)”
There is that pesky word again.(Could)
What’s the difference? You can’t take it with you! Or, leave it to anyone else! We’ll all be gone! /Heavy S
The solution is to stabilize the climate by seizing retail workers’ wages.
One minor point of order. Temperatures, flooding, and storms have not been getting more extreme. If one looks at records from weather recording stations outside of urban areas in the continental United States they show that temperatures have been on the decline for nearly a decade. The temperatures that have been warming in urban areas are nighttime temperatures as a result of the urban “heat island effect". Severe storm and flooding events have been near historical lows.
I suppose the closing of malls from the expansion of on-line shopping would have nothing whatsoever to do with it. / sarcasm >
FWIW, my daughter manages the on-line shopping and pick up operations for a major retailer in her community and business is brisk. There are a lot of people out there who don't want to drag their kids through the supermarket where they are goaded in to making a lot of impulse purchases. Imagine that!
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