Cancellation of Care Came Mostly From Patients Early in Pandemic medscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medscape.com Daily Mail and Mail on Sunday newspapers.
The Covid-19 pandemic and associated recession have had dramatically different effects across industries, with some, including large parts of the leisure and hospitality sector, truly devastated and others, like much of the manufacturing sector, able to recover quite quickly. This has led some analysts to describe the pandemic as a
reallocation shock, requiring substantial movement of labor across industries.[ 1] Such a process likely requires substantial time, during which the natural rate of unemployment may be elevated. In this
Chicago Fed Letter, we consider two questions: First, has the need for labor reallocation risen, and second, has there been an increase in the amount of reallocation that is actually occurring?
April 15, 2021
Rural communities both nationally and in most states will benefit disproportionately from the American Rescue Plan’s temporary expansions of the Earned Income Tax Credit (EITC) and Child Tax Credit. However, the expansions will expire after this year if Congress does not extend them.
The EITC and Child Tax Credit are powerful anti-poverty tools, especially in rural (non-metro) communities, but prior to the Rescue Plan they had two major flaws. The EITC for workers not raising children in the home was extremely small; as a result, 5.8 million workers aged 19-65 without children (excluding full-time students under 24) were taxed into or deeper into poverty. And 27 million children including roughly half of Black and Latino children and nearly half of children living in rural areas received less than the full $2,000-per-child Child Tax Credit because their parents earned too little, even as middle- and higher-income families received the fu
April 22, 2021 12:37PM
H-2A Visa Workers Likely Have a Lower Chance of Dying on the Job than Native‐Born American Workers SHARE
Guest workervisas are the best way to increase temporary migration of lower‐skilled workers in the current policy and political environment. Doing so has the additional benefit of reducing illegal immigration by channeling them into the legal system. More guest workers would also increase the scope and scale of economic activity in the United States to the benefit of Americans and migrants themselves. However, some claim that workers on H-2 visas suffer from lower wages, abuse, and work in dangerous conditions in exploitative situations made possible by bad regulations that empower employers at the expense of migrant workers.
Kena Betancur/VIEWpress/Getty Images
A working paper, as first reported by The New York Times, looks at minimum wage raises at major retailers.
The authors find substantial spillovers from the companies voluntary minimum wage increases.
This includes other firms increasing their wages to the amounts announced at these large companies.
In recent years, big companies like Amazon have publicly increased the minimum wage they pay workers. And it turns out those moves can lead to nearby businesses also bumping up their pay, according to a recent working paper. If a bunch of large employers in the labor market raise pay, other employers are going to be compelled to raise pay a little bit too in order to make sure that they can recruit and retain their workforce, Ben Zipperer, an economist at the left-leaning Economic Policy Institute, told Insider in March.