The Wall Street Journal states the Biden administration chalks up the slow jobs rebound to lack of child care or fear of COVID.
The Federal Reserve’s latest Beige Book, a snapshot of economic conditions in Fed Districts, describes an employment environment in which childcare, transportation, and health care — in addition to unemployment benefits — as holding back potential workers.
In the food and accommodating services, the lowest paying of all jobs, saw a record high of 4 million people quit their jobs in April.
More than four in10 workers are considering leaving their jobs, according to a study by Microsoft. They say it isn’t a worker shortage in America, it’s just a worker awakening that they’re getting the shaft by their bosses with low pay.
It was pointed out in the column that most pay less than sitting on a couch collecting enhanced subsidies for not working.
Even if they go to work, a food server, at $2.69 an hour plus tips, will still be subsidized by our government to get them above the poverty line.
So while CEOs and billionaires employ armies of experts to pump millions and billions more into their pay packages and to avoid taxes, we get all upset over paying people a living wage.
They pay no taxes while workers get no raises. Most of the money paid out to save our economy, 81% goes back to the wealthy.
To make capitalism work the way it’s supposed to, we need to abolish Corporate welfare.
Since when, for example, is a restaurant an essential business.
James Hodges
Steens
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