In Reversal, Retirements Increased During the Pandemic
Job losses, rather than rising asset values, seem to be the main cause in upending a decades-long trend.
The rise in retirement during the pandemic is small relative to the longer-term trend of people working longer and retiring later over the past 20 years.Credit.Callaghan O Hare for The New York Times
By Jed Kolko
May 12, 2021, 5:00 a.m. ET
After decades in which it decreased, the retirement rate rose during the pandemic, according to the latest government data. This makes retirement one exception to the many ways that the pandemic accelerated pre-existing trends, such as toward suburbanization and online shopping.
How companies rip off poor employees and get away with it
By Alexia Fernandez Campbell - and Joe Yerardi - The Center for Public Integrity
Fidel Martinez worked for a demolition contractor in the fall of 2020, demolishing several Walgreens stores and other structures. Martinez said the contractor owed him and his co-workers more than $20,000. His boss kept telling him the money was coming, but he would get his paychecks weeks late, and many of them he didn’t get at all.
Already battered by long shifts and high infection rates, essential workers struggling through the pandemic face another hazard of hard times: employers who steal their wages.
by Tyler Durden
Sunday, May 09, 2021 - 10:00 PM
The US economy is fragmented more than ever. Millions of Americans continue to suffer job loss and housing and food inequities. At the same time, 650 billionaires in the US saw their net worth increase by more than $1 trillion since the pandemic began. A Bloomberg analysis provides a deep dive into the unevenness of the recovery in a dozen cities.
To capture the multi-speed track recovery for different races, social classes, and various metro areas, Bloomberg used unemployment data from a monthly Current Population Survey of approximately 60,000 households via the Bureau of Labor Statistics and the US Census Bureau.
Already battered by long shifts and high infection rates, essential workers struggling through the pandemic face another hazard of hard times: employe .