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44 Percent Of Millennial Employees Say Pandemic Delayed Major Life Changes

44 Percent Of Millennial Employees Say Pandemic Delayed Major Life Changes

As open enrollment approaches, new MetLife survey shows millennials are gearing up for major milestones after 44 percent say the pandemic delayed their life plans. September 28, 2021 08:00 AM Eastern Daylight Time — After more than a year of tabling major life plans amid the pandemic, millennials are now preparing for a new wave […]

New York to Pass Sweeping Laws to Improve Conditions for Delivery Workers

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New York to Pass Sweeping Laws to Improve Conditions for Delivery Workers A package of legislation from the City Council will set minimum pay and working conditions, placing New York at the forefront of regulating a multibillion-dollar industry.   https://www.nytimes.com/2021/09/23/nyregion/nyc-food-delivery-workers.html

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Week ended Sept. 11 jobless claims rise as Covid wave hits

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Week ended Sept. 11 jobless claims rise as Covid wave hits

September 16, 2021 — Week ended Sept. 11 jobless claims rose  20,000 to a total of 332,000, following a pandemic low in the prior week, a sign that rising Covid-19 infections are harming economy, the US Department of Labor reports. Applications for unemployment benefits had been steadily decreasing as a number of states cut jobless […]

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Consumer Spending Decline An Ominous Sign COVID-19 Ravaged US Economy Is Weakening

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Consumer Spending Decline An Ominous Sign COVID-19 Ravaged US Economy Is Weakening

Sept. 9, 2021 — A 2.7 percent consumer spending decline is yet another ominous sign the COVID-19-ravaged US economy is in trouble. The report comes just as millions have lost extended federal unemployment benefits, joining millions more in Republican-led states that cut off enhanced unemployment benefits early. The consumer spending decline comes after last week’s […]

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Canadian Uber Benefits Maneuver, Mexico Uber May Pay Social Security

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Canadian Uber Benefits Maneuver, Mexico Uber May Pay Social Security

Uber Technologies is making a new app-based worker benefits maneuver in Canada — a proposed flexible benefits fund managed by delivery and rideshare companies and blessed by the Provincial governments. Meanwhile, Uber in Mexico is reportedly mulling paying social security taxes for gig-worker drivers there. Both developments come as Uber and other gig-worker companies are […]

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Big Tech Companies’ Abuse of Temp Labor Is Hurting Workers and Jobs

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Big Tech Companies’ Abuse of Temp Labor Is Hurting Workers and Jobs

Big Tech companies such as Google and Microsoft are increasingly contracting out jobs to temporary staffing agencies and other labor brokers—a business practice that depresses workers’ wages and degrades working conditions, exacerbates occupational segregation, weakens temp workers’ collective voice on the job, and locks them into a system of permanent temporary work, according to a […]

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Making Financial Decisions When You Lose Your Job

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Making Financial Decisions When You Lose Your Job

By TARA SIEGEL BERNARD — About 1.7 million people lose their jobs every month, creating a hugely stressful situation and requiring potentially life-altering choices. Beyond the emotional toll, many individuals agonize over potentially life-altering financial decisions, including how best to manage any money they may be going out the door with. Source: The New York Times – The […]

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Income, Age Key Factors in Retirement Funding Expectations

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Income, Age Key Factors in Retirement Funding Expectations

By JEFFREY M. JONES, Gallup— Non-retired Americans’ expectations about which sources they will rely on to fund their retirement differ significantly by their annual household income. Upper-income non-retirees are much more likely to say investments, such as a 401(k), IRA and other retirement savings accounts or individual stock investments, and work-sponsored pension plans will be […]

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Downwardly Mobile Nation, Poverty Grows As Working Class Becomes Working Poor

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Downwardly Mobile Nation, Poverty Grows As Working Class Becomes Working Poor

By William A. Collins— Bridgeport — Connecticut’s largest city — is also my affluent state’s capital of poverty. Even though it’s part of the nation’s richest region, the rapidly rising number of children living in poverty in Bridgeport is already twice the state average. Class segregation can help shield the elite from an uncomfortable set of facts. America’s median […]

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Pressure Rising To Avoid Federal Health Care Program Spending Cuts

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Pressure Rising To Avoid Federal Health Care Program Spending Cuts

By MARY AGNES CAREY, KHN— Pressure is mounting for Washington to find a way to avoid the automatic spending reductions set to begin March 1, with President Barack Obama urging Congress to stop the “meat-cleaver approach” that he says will undermine U.S. military strength and “eviscerate job creating investments in education and energy and medical research.” But […]

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