It’s not that people don’t want to work, it’s that work is broken – Next City
It’s not that people don’t want to work, it’s that work is broken
Social media has been abuzz this week with restaurants and hotels claiming they couldn’t find enough workers to fill vacant jobs – a conservatively-leaning NFIB study said 44% of businesses were in short supply. ’employees. Republicans have accused stimulus and unemployment payments of discouraging work. But what’s really going on is more complicated.
The Washington Post reports that many analysts say the delay in hiring is “an anomaly” and that more people will return to work once vaccinated. Others suggest the lack of child care is still hindering job gains – and indeed the 266,000 jobs in the economy did add in April went to men, while women lost their jobs.
Yet others suggest that the nature of low-paying retail work is just … not so appealing to people, and the coronavirus pandemic was the straw that ultimately sparked that awareness. “The problem is, we don’t make enough money to make it worth going back to those tough and dirty and generally thankless jobs. You are yelled at and disrespected all day. This is hell, ”a former retail employee told The Post.
A thesis from the Economic Policy Institute supports the latter theory, noting that while there are labor shortages, they appear to be mostly confined to leisure and hospitality, which are “highly segmented from other sectors ”and unlikely to affect the labor market in other sectors. The EPI also reaffirmed that the lack of day care centers prevents women from working and that the reduction in unemployment benefits would do nothing on this front to bring women back to work.
Stricter Payday Loan Rules Likely to Pass Congress
The Senate on Tuesday passed a resolution to repeal a rule that allowed consumers to take out loans with interest rates above their states’ maximums, in what consumer interest groups have widely called a loophole to bypass the restrictions on payday loans, reports The Hill.
The resolution heads to the Democratic-controlled House, where it is expected to pass, and President Biden has announced he will sign.
While many states cap interest rates on short-term payday loans, banks are generally exempt from those caps, the National Consumer Law Center said in a brief on the matter. The “real lender” rule, approved in October 2020, allows payday lenders, operating from states where interest rates are not capped, to lend to people in the state as long as a bank of the state is designated as the lender on the loan paperwork.
“States are taking steps to protect their constituents… their consumers against these bypasses of their laws aimed at banning these predatory practices. But last October, amid the pandemic, when many working families were embroiled in economic uncertainty and turmoil, the Trump administration gave these bank rental programs a free pass to exploit these loopholes. Said Sen. Chris Van Hollen (D-MD), Sponsor of the resolution to repeal the rule, told The Hill.
New Jersey plans stimulation checks for undocumented residents
Low-income undocumented people living in New Jersey will receive one-time stimulus checks funded by the CARES Act, Gov. Phil Murphy announced this week and NJ.com reported.
To receive the stimulus payment, people will have to show that they were excluded from other forms of relief, that they made less than $ 55,000 last year, and that they were affected by the coronavirus pandemic.
The news comes after 35 essential workers began a month-long hunger strike to raise awareness of the need for financial assistance. On Friday these workers said they would end their hunger strike, but stressed that the NJ fund “would only reach a fraction of the excluded working population and their families, and not reach a fraction of the population of excluded workers and their families. is not enough to meet a huge and desperate need ”.
American Recovery Act Money circulates in cities
The $ 350 billion in federal funds for states and cities is starting to flow, various news outlets have reported. The US Treasury has issued guidelines on how the funds can be spent. In general terms, money can be spent on COVID-19 responses such as contact tracing or vaccination clinics; programs that help businesses and industries turn around; the wages of essential workers; income replacement; and water, sewer and broadband infrastructure.
Not on the list, to the dismay of Colorado state lawmakers: transportation.
It’s also not acceptable to use the funding to offset tax cuts, reports Urban Milwaukee – a provision that has led at least one state, Arizona, to sue.