‘A job is not just a job’ —Why some unemployed people aren’t jumping at job openings.
When Jaime Reuter, 24, was laid off from as a part-time office manager at Merrill Lynch BAC, +2.88% in January 2020, they never imagined it would take more than a year and a half to find another job.
A year and a half later, Reuter had no issue finding job postings — in fact, by September 2021 they had applied to more than 200 positions. A high number of job openings occurring simultaneously with a high number of people looking for work is “definitely not a typical experience” for labor markets, said Karen Dynan, a Harvard University economist who served as chief economist at the Treasury Department during the Obama administration.
Small businesses that were crippled by the pandemic cannot necessarily afford to raise wages If employers are struggling to fill openings, it would make sense for them to consider raising wages. But some small businesses that were fortunate enough to survive the lockdown phase of the pandemic can’t necessarily afford to pay their workers more.
“It feels like sh— to have to apply to a minimum-wage job where there are no benefits and you know you’re going to get treated like garbage,” Reuter said.
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