Fed Paper Suggests Climate Change Will Affect Retail Worker Pay

Climate change may lead to large swings in the incomes of U.S. retail workers, according to a new study published by the Federal Reserve.

In the analysis published this month, Fed economist Brigitte Roth Tran suggested that income inequality could increase as retail employees whose pay or hours are tied to sales find their work affected by more volatile weather patterns. Such workers account for about 10% of U.S. employment.