The federal government’s expansion of $ 300 weekly unemployment benefits means keeping people at home rather than behind cashiers or in fast-food kitchens.
Concerned with the deregulation of Covid-19 and the surge in consumer spending that it is not attracting workers in need of efforts to raise wages and increase benefits, with local and national media Concerns shared by independent business owners in interviews.
Unfortunately for them, what’s happening is a feature, not a bug in the US economic system, and that responsibility cannot be fully placed on a $ 300 weekly check.
Ioana Marinescu, an economist at the University of Pennsylvania, said: .. “
Job vacancies rose to the highest level in two years, according to the US Department of Labor. Jobs and Turnover Survey It was released last month. And in March, employers added nearly a million new jobs, and many economists expect similar or higher growth in Friday’s April employment report.
Accelerating job vacancies faster than people can apply for a job can be a pain for business owners. The pandemic has added some quirks to this economic reality.
Indeed, slivers are better off staying home for months, earning as much or more from unemployment than thawing meat patties or answering the phone.
But future employees are also concerned about safety- 46% of the population In the United States, the vaccine has not been given a single dose and the spread of Covid-19 has not been suppressed.Potential employees are also responsible for long-term care: this recession Women affected by disproportionate, Mainly undertaking these missions, In late March More than half of the schools still offered distance learning or a combination of distance and face-to-face classes.
Others, like La Shanta Knowles in Cleveland, Ohio, are using unemployment as an opportunity to do something else.
Until September, Knowles had been doing the same job for a relocation service company for seven years, unfortunately unsupported, but was attracting attention for doing the wrong thing.
“If this job didn’t want me, I was away from comfort and fear. I didn’t expect anyone else to do that,” Knowles said. “Fortunately, I haven’t felt that way since I returned to school.”
This month, Knowles is certified for web programming and development. Despite unemployment, the financial situation is tough, partly because Ohio is inconsistent with unemployment benefits.
This is the benefit system Not equipped to cope with this recession..It was a non-profit issue Ohio Organization Joint Intervened to help people like Knowles navigate the system and invite them to take action to seek something better. And the momentum is gaining National unemployment reform..
But in the end, Knowles feels luck on her side. “Unemployment actually helped me guide me on the path I should take,” Knowles said.
Unemployment benefits have also made it possible for unemployed people to help support the economy.
Discovered by researchers at the University of Chicago The $ 600 weekly increase in unemployment in 2020 allowed people to spend money in ways that would not be possible without it. That is, some of the same companies complaining about employment may not be able to make that much money without unemployment.
The expansion is expected to end in early September, and economists are watching what that means for business owners and low-wage workers who are still struggling while the economy recovers. Faster for high-paying workers..
Arindrajit Duvet, an economist at the University of Massachusetts Amherst, said fiscal stimulus measures, including unemployment benefits, could lead to a once-in-a-generation and once-in-two-generation wage increase and a lower unemployment rate. Stated.
This type of wage increase last occurred in the late 1990s, when the labor market was tight and many employers were chasing fewer workers.
“You had a tight enough labor market, which probably led to a wide range of wage growth that wasn’t actually seen since the 1970s,” Dube said. “And that was unusual, and yes, employers struggled to fill vacancies, and they had to raise a lot of wages, and that’s okay.”
In Cleveland, Knowles is most interested in finding a job with her new certificate. She didn’t know when the unemployment expansion would end, and when the Guardian informed her that it was September, she shouted: “I want to find a job by then!”
“Nobody Wants to Work Anymore”: The Truth Behind This Unemployment Benefits Myths | US Unemployment and Employment Data
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