How Climate Change Threatens Retail Worker Pay

The video discusses the impact of climate change on jobs and businesses, highlighting potential job losses and business disruptions. It focuses on the retail sector, where wage fluctuations are expected due to weather sensitivity. The video also explores economic opportunities from transitioning to a low carbon economy, which could create jobs and boost GDP if decisive action is taken.

What are some of the immediate impacts of climate change on businesses?

• Expansion of operations

• Increased profits

• Damage to assets and workflow interruptions

• Improved working conditions

According to the Fed's research, why is the retail sector particularly vulnerable to climate change?

• It relies heavily on technology

• It is sensitive to weather patterns

• It has a large number of employees

• It is a rapidly growing sector

What percentage of US employment is made up by retail workers?

• 5%

• 10%

• 15%

• 20%

What economic benefits could result from a shift to a low-carbon economy?

• Reduction in women's workforce participation

• Decreased global GDP

• Creation of 65 million low-carbon jobs

• Loss of $26 trillion in economic benefits

What is essential for achieving the economic benefits of a low-carbon economy?

• Increased consumer spending

• Decisive action by business and world leaders

• Higher taxes on businesses

• Reduction in global trade