OPINION: “If times are flush for millions, then surely we can find a way to continue helping those who aren’t so fortunate.”
There’s no shortage of politicians, corporate executives and economists who say this is good, claiming the no-strings-attached cash has acted as a disincentive to work. The number of job openings nationwide, which swelled to a record 10.1 million at the end of June, would appear to support this point.
In fact, the ratio declined by 1.4 percentage points over the same period, while rising 0.2 percentage point in states that did not end pandemic payments. She cites the obvious reason: The pandemic, which is resurgent in much of the country, and child care, which has caused droves of workers — largely women — to stop working. Data from the Federal Reserve Bank of Dallas puts this number at 1.3 million.
The unemployed are taking their time A rising tide doesn’t lift all boats, but it has lifted enough, Pollak says, to give many Americans the sense that they don’t have to jump at the first job offer that comes their way.
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