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 vacancies – a conservative-leaning NFIB study found 44% of businesses were running out of money. employees. Republicans blamed stimulus and unemployment payments as deterrent work. But what really happens 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 that a lack of child care still holds back job gains – and in fact, all 266,000 jobs in the economy did add in April went to men, while women actually lost their jobs.
Still others suggest that the nature of low-paying retail work just isn’t … not so appealing to people, and the coronavirus pandemic was the gout that ultimately sparked that awareness. âThe problem is, we don’t make enough money to make it worth going back to those jobs that are tough and dirty and generally thankless. We yell at you and disrespect you all day. This is hell, âa 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 seem to be mostly confined to leisure and hospitality, which are “highly segmented from other sectors” and should not affect the labor market in other sectors. EPI also reiterated that the lack of childcare prevents women from working and that cutting unemployment benefits would do nothing on this front to get 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 higher than their states’ maximums, in what consumer interest groups have broadly called a loophole to circumvent the payday loan restrictions, reports The Hill.
The resolution is heading to the Democratic-controlled House, where it is expected to pass, and President Biden has signaled 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 in states where interest rates are not capped, to lend to people of the state as long as a bank in the State is designated as the lender on the loan documents.
âStates are taking steps to protect their constituentsâ¦ their consumers from these circumventions of their laws designed to prohibit these predatory practices. But last October, in the midst of the pandemic, when many working families were plunged into economic uncertainty and turmoil, the Trump administration gave these bank rental programs a free pass to operate these banks. loopholes, âSen. Chris Van Hollen (D -Md.), sponsor of the resolution to repeal the rule, told The Hill.
New Jersey plans stimulus 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 need 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 went on a month-long hunger strike to raise awareness of the need for financial assistance. These workers said last Friday that they would end their hunger strike, but stressed that the NJ fund “would only reach a fraction of the population of excluded workers and their families, and would only reach a fraction of the population of excluded workers and their families. is not enough to meet the vast and desperate needs “.
American Recovery Act money flowing to cities
The $ 350 billion in federal funds for states and cities are 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; remuneration of essential workers; income replacement; and water, sewer and broadband infrastructure.
Not on the list, much 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.