All pain and no gain: by failing to extend unemployment benefits, Congress and the White House will harm working people struggling in the pandemic.
— Ben Zipperer (@benzipperer) September 17, 2021
Annualized incomes will fall by $144 billion and consumer spending will drop by $79 billion https://t.co/8A9rYvSyvC pic.twitter.com/jOhKuDDolz
Tag: unemployment
NO PLANS re: unemployed ditched into pandemic economy
SHAME on @WaysMeansCmte. Your markup include NO PLANS to #FixUI as 9 million people are shoved into poverty by an abrupt & arbitrary end to pandemic benefits.
You are failing us, and the families who will face a broken UI system when the next recession hits.
— Unemployed Action (@unemployedact) September 7, 2021
Millions Lose Unemployment Aid on Worker Holiday
Employment growth was 235,000 in August, slower than in June or July, and likely muted as the spreading Delta variant increased COVID-19 caseloads by five fold in August.https://t.co/DhnGIS1pSX
— Elise Gould (@eliselgould) September 3, 2021
The American ruling class “experiments” with eliminating unemployment benefits for millions of workers – World Socialist Web Site
The Republican theory of unemployment is classic Marx
Conservatives don’t want to lose their industrial reserve army
Source: The Republican theory of unemployment is classic Marx
Reopening the Economy Will Send Us to Hell
As unemployment (officially reported) soars toward 30 percent or more, an estimated 20 million more people will fall helplessly below the poverty line. In a recent Pew poll, 60 percent of Latinos reported losing jobs or wages, as did more than half of all workers below the age of thirty. In addition to their jobs, millions will lose everything they had spent their lives working for: homes, pensions, medical coverage, and savings accounts.
Source: Reopening the Economy Will Send Us to Hell | Portside
Mass Unemployment Is a Failure of Capitalism
The difficulties caused to workers by record unemployment during the pandemic are a product of capitalism. Most of the time, employers decide to hire or fire workers depending on which choice maximizes employers’ profits. Profit, not the full employment of workers nor of means of production, is “the bottom line” of capitalism and thus of capitalists. That is how the system works. Capitalists are rewarded when their profits are high and punished when they are not. It’s nothing personal; it’s just business. More
Source: Mass Unemployment Is a Failure of Capitalism – CounterPunch.org