New York America's job market is in a weird spot: it's still millions of jobs short of where it was before the pandemic, but businesses complain they can't find staff. Opponents of enhanced unemployment benefits during Covid say the government aid is so cushy, the jobless don't want to return to work.
On the surface, that argument has some merit.The jobless benefits Congress bolstered at the start of the pandemic have been extended until September. Now, though, people are getting vaccinated and employers want their laid-off employees to come back. That should be a recipe for success. Yet the pace of job growth came in at a disappointing 266,000 in April, far less than analysts expected.
AnnekenTappe Low wages and poor treatment of workers are the real problems.
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Mississippi The Latest State Dropping $300-A-Week Federal Unemployment BenefitsMany Republicans are claiming that overly generous unemployment payments are causing labor shortages. Do you think this is what people really need right now? Because, of course, the state with highest poverty rates doesn't need the extra money.
Source: Forbes - 🏆 394. / 53 Read more »
McConnell Signals Support For Ending $300-A-Week Unemployment BenefitsThe Senate minority leader called the benefits a ‘special bonus for unemployed people’ that seem ‘designed for March 2020, not March 2021.’ Hey Mitch, let them take care of that. It's their economy now. If they fail then it's their fault.
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Calls to end pandemic unemployment benefits gain steam after disappointing jobs reportCalls to cancel pandemic-era unemployment benefits intensified this week as worries over a labor shortage gained steam, culminating in a crescendo on Friday after a wildly disappointing jobs report for April. nancy & chuckie say its a myth ppl won't work because of fat unemployment checks, LoL
Source: YahooNews - 🏆 380. / 59 Read more »
Biden Disputes Argument That Enhanced Unemployment Benefits Are Hampering EconomyPresident Biden pushed back Monday against critics who say enhanced jobless benefits are discouraging Americans from working, defending his economic prescriptions I think I now what you are doing, and that a good way to get people to come up with the time, and the way we have got to change, to growing wise, because we have to make a decision,Aman This is the right time for Biden to push for increasing the minimum wage. My goodness, he babbled like a senile old fool. Even the dogs on the street know that enhanced benefits are stopping people from taking legitimate work!
Source: WSJ - 🏆 98. / 63 Read more »
Biden defends economic proposals as GOP calls for paring back unemployment benefitsPresident Joe Biden had to tread a fine line Monday between heralding the economic progress his administration has made so far and stressing the need to continue supporting laid-off workers and pass his large-scale infrastructure proposal in the wake of last week's disappointing jobs report. His reasoning was solid. It's so weird how legislation that was passed didn't instantaneously fix the rampant scuttling and graft of the previous administration TRUPM❤️
Source: CNN - 🏆 4. / 95 Read more »